IllinoisSB3401104th General Assembly (2025–2026)SenateWALLET

CONDO-RESERVE STUDY

Sponsored By: Robert F. Martwick (Democratic)

Passed Senate

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 to comply with the budgeting and reserve requirements elsewhere in the Act. Amends the Condominium Property Act to make similar changes.

assignmentsjudiciaryjudiciary - civil

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Robert F. Martwick

    Democratic • Senate

Cosponsors

  • Darby A. Hills

    Republican • Senate

  • Donald P. DeWitte

    Republican • Senate

  • Janet Yang Rohr

    Democratic • House

  • Kam Buckner

    Democratic • House

  • Mattie Hunter

    Democratic • Senate

  • Rick Ryan

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 66 • No: 0

Senate vote • 4/15/2026

Third Reading - Passed;

Yes: 55 • No: 0

Senate vote • 3/25/2026

Reported Back To Judiciary;

Yes: 3 • No: 0

Senate vote • 3/25/2026

Do Pass Judiciary;

Yes: 8 • No: 0

Actions Timeline

  1. Added Alternate Co-Sponsor Rep. Janet Yang Rohr

    5/18/2026House
  2. House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

    5/15/2026House
  3. Rule 19(a) / Re-referred to Rules Committee

    5/15/2026House
  4. Added Alternate Co-Sponsor Rep. Rick Ryan

    5/14/2026House
  5. House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee

    5/12/2026House
  6. House Committee Amendment No. 1 Referred to Rules Committee

    5/8/2026House
  7. House Committee Amendment No. 1 Filed with Clerk by Rep. Kam Buckner

    5/8/2026House
  8. Committee Deadline Extended-Rule 9(b) May 15, 2026

    5/7/2026House
  9. Assigned to Judiciary - Civil Committee

    4/27/2026House
  10. Referred to Rules Committee

    4/15/2026House
  11. First Reading

    4/15/2026House
  12. Chief House Sponsor Rep. Kam Buckner

    4/15/2026House
  13. Arrived in House

    4/15/2026House
  14. Added as Co-Sponsor Sen. Mattie Hunter

    4/15/2026Senate
  15. Third Reading - Passed; 055-000-000

    4/15/2026Senate
  16. Placed on Calendar Order of 3rd Reading April 15, 2026

    4/14/2026Senate
  17. Second Reading

    4/14/2026Senate
  18. Placed on Calendar Order of 2nd Reading March 26, 2026

    3/25/2026Senate
  19. Do Pass Judiciary; 008-000-000

    3/25/2026Senate
  20. Reported Back To Judiciary; 003-000-000

    3/25/2026Senate
  21. Rule 2-10 Committee Deadline Established As March 27, 2026

    3/13/2026Senate
  22. Added as Co-Sponsor Sen. Darby A. Hills

    2/26/2026Senate
  23. To Condominiums

    2/25/2026Senate
  24. Added as Co-Sponsor Sen. Donald P. DeWitte

    2/25/2026Senate
  25. Assigned to Judiciary

    2/17/2026Senate

Bill Text

  • Engrossed

  • House Amendment 1

  • Introduced

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