# Illinois SB1703: CONDO-COM INT-RESERVE STUDY

Illinois SB1703, CONDO-COM INT-RESERVE STUDY, is a 104th General Assembly (2025–2026) Senate bill sponsored by Bill Cunningham (Democratic); status in committee, last action 2025-02-20 (Added as Co-Sponsor Sen. Donald P. DeWitte) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB1703-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB1703
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: CONDO-COM INT-RESERVE STUDY
- Status: in committee
- Chamber: Senate
- Introduced: 2025-02-05
- Last action: 2025-02-20, Added as Co-Sponsor Sen. Donald P. DeWitte
- Sponsor: Bill Cunningham (Democratic)
- Cosponsors: 1
- Subjects: assignments
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the Common Interest Community Association Act. Requires a common interest association to conduct and update a reserve study every 5 years. "Reserve study" means an analysis of the reserves required for future major maintenance, repairs, and replacements of the common elements. Grants a 5-year window for an association to conduct a reserve study or update a current study. Requires a reserve study to be made available to any prospective purchaser of a unit upon request for a resale of any unit in the community. Exempts an association with 15 or fewer units but still requires the board comply with the budgeting and reserve requirements elsewhere in the Act. Amends the Condominium Property Act to make similar changes.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Bill Cunningham (Democratic), Senate
- Cosponsor: Donald P. DeWitte (Republican), Senate

## Actions (4)

- 2025-02-20: Added as Co-Sponsor Sen. Donald P. DeWitte (Senate)
- 2025-02-05: Referred to Assignments (Senate)
- 2025-02-05: First Reading (Senate)
- 2025-02-05: Filed with Secretary by Sen. Bill Cunningham (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1703.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1703.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-SB1703-2025-2026 (as of 2026-11-01).