HJ0067 104TH GENERAL ASSEMBLY

HJ0067 LRB104 21940 MST 37861 r

HOUSE JOINT RESOLUTION

WHEREAS, More than four million residents of Illinois live in condominiums or common interest community associations; and

WHEREAS, These associations are responsible for managing residential properties, financial assets, and critical infrastructure systems that directly affect the safety and financial well-being of homeowners; and

WHEREAS, Condominiums associations manage substantial owner assessments, infrastructure systems, and reserve obligations affecting homeowners across Illinois; and

WHEREAS, Association governance structures often rely on volunteer boards and professional management, creating potential gaps in oversight, transparency, and accountability; and

WHEREAS, Unit owners may face challenges in accessing timely and accurate information related to finances, reserves, building conditions, and major repair obligations; and

WHEREAS, Current law does not provide comprehensive mechanisms for enforcement, dispute resolution, or standardized governance practices; and

WHEREAS, Deferred maintenance, underfunded reserves, inadequate financial oversight, and lack of transparency may expose homeowners to significant financial risk and potential safety hazards; therefore, be it

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE CONCURRING HEREIN, that the Illinois Condominium Governance and Transparency Task Force is created to study the transparency, financial integrity, and safe living conditions of residents of condominiums and common interest community associations; and be it further

RESOLVED, That the Task Force is charged with specifically examining and making recommendations regarding the following:

(1) Board governance and training, procurement practices, and conflicts of interest;

(2) Financial transparency and reporting;

(3) Reserve funding and capital planning;

(4) Building safety oversight;

(5) Infrastructure risk and long-term maintenance;

(6) Transparency in major capital projects;

(7) Owner access to records;

(8) Dispute resolution options;

(9) Protections for owners raising concerns;

(10) Election integrity and owner voting procedures;

(11) Enforcement structure and whether additional consumer protection coordination with the Office of the Attorney General should be recommended for systemic misconduct issues; and

(12) The 2007 Condominium Advisory Council Report and any recommendations that remain unimplemented or unenforced; and be it further

RESOLVED, That the Task Force shall consist of the following members who shall serve without compensation:

(1) One member of the House of Representatives appointed by the Speaker of the House, who shall serve as co-chair;

(2) One member of the House of Representatives appointed by the House Minority Leader, who shall serve as co-chair;

(3) One member of the Senate appointed by the Senate President;

(4) One member of the Senate appointed by the Senate Minority Leader;

(5) Three condominium unit owners appointed by the Governor;

(6) One common interest community unit owner appointed by the Speaker of the House;

(7) One condominium or association manager appointed by the House Minority Leader;

(8) One licensed community association manager appointed by the Senate President;

(9) One attorney with experience in condominium or common interest community law appointed by the Senate Minority Leader;

(10) One building engineer, structural expert, or reserve study professional appointed by the Speaker of the House;

(11) One financial expert with experience in auditing or accounting appointed by House Minority Leader;

(12) One individual with experience in construction or capital project management appointed by the Senate President;

(13) One consumer protection or housing advocate appointed by the Senate Minority Leader;

(14) The Secretary of the Illinois Department of Financial and Professional Regulation or his or her designee; and

(15) The Illinois Condominium & Common Interest Community Ombudsperson or his or her designee; and be it further

RESOLVED, That initial appointments to the Task Force shall be made within 6 months after adoption of this resolution, and if a vacancy occurs in the Task Force membership it shall be filled in the same manner as the original appointment; and be it further

RESOLVED, That the Illinois Department Financial and Professional Regulation shall provide administrative support for the Task Force in consultation with the Illinois Condominium & Common Interest Community Ombudsperson through existing agency resources and is not responsible for independent or dispute adjudication through the Task Force; and be it further

RESOLVED, That the Task Force shall hold its first meeting within 60 days after all appointments are made and meet at least once per month until it completes its work and may hold additional meetings as necessary to carry out its duties; and be it further

RESOLVED, That the Task Force may consult with outside subject matter experts, including those in the areas of reserve studies, engineering, accounting, construction, consumer protection, and association governance and may issue interim reports as it sees fit; and be it further

RESOLVED, That the Task Force shall submit a written report of its findings and recommendations to the Governor and the General Assembly no later than January 7, 2027, and upon the filing of this report, the Task Force is dissolved; and be it further

RESOLVED, That suitable copies of this resolution be delivered to the Speaker of the House, the House Minority Leader, the Senate President, the Senate Minority Leader, the Governor, the Secretary of the Illinois Department of Financial and Professional Regulation, and the Illinois Condominium & Common Interest Community Ombudsperson.