CONDO-ASSIGN FUTURE INCOME Senate SponsorsSen. John G. Mulroe House Sponsors(Rep. Robert Martwick) 8/19/2016SenatePublic Act . . . . . . . . . 99-0849 765 ILCS 605/1from Ch. 30, par. 301Amends the Condominium Property Act. Makes a technical change in a Section concerning the short title.Senate Committee Amendment No. 1 Deletes reference to:765 ILCS 605/1from Ch. 30, par. 301Adds reference to:765 ILCS 605/18.4from Ch. 30, par. 318.4Replaces everything after the enacting clause. Amends the Condominium Property Act. From provisions granting the board of managers the power to assign the right of the association to future income from common expenses or other sources and to mortgage or pledge substantially all of the remaining assets of the association, deletes language providing that the power is subject to the provisions of the condominium instruments. 1/28/2016SenateFiled with Secretary by Sen. John G. Mulroe 1/28/2016SenateFirst Reading 1/28/2016SenateReferred to Assignments 3/1/2016SenateAssigned to Judiciary 3/3/2016SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe 3/3/2016SenateSenate Committee Amendment No. 1 Referred to Assignments 3/8/2016SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary 3/16/2016SenateSenate Committee Amendment No. 1 Adopted 3/16/2016SenateDo Pass as Amended Judiciary; 010-000-002 3/16/2016SenatePlaced on Calendar Order of 2nd Reading March 17, 2016 4/12/2016SenateSecond Reading 4/12/2016SenatePlaced on Calendar Order of 3rd Reading April 13, 2016 4/19/2016SenateThird Reading - Passed; 055-000-002 4/20/2016HouseArrived in House 4/20/2016HouseChief House Sponsor Rep. Robert Martwick 4/20/2016HouseFirst Reading 4/20/2016HouseReferred to Rules Committee 5/29/2016HouseAssigned to Judiciary - Civil Committee 5/29/2016HouseFinal Action Deadline Extended-9(b) May 31, 2016 5/30/2016HouseMotion Filed to Suspend Rule 21 Judiciary - Civil Committee; Rep. Barbara Flynn Currie 5/30/2016HouseMotion to Suspend Rule 21 - Prevailed 067-048-000 5/30/2016HouseDo Pass / Short Debate Judiciary - Civil Committee; 011-000-000 5/30/2016HousePlaced on Calendar 2nd Reading - Short Debate 5/30/2016HouseSecond Reading - Short Debate 5/30/2016HouseHeld on Calendar Order of Second Reading - Short Debate 5/31/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/31/2016HouseThird Reading - Short Debate - Passed 107-009-000 5/31/2016SenatePassed Both Houses 6/29/2016SenateSent to the Governor 8/19/2016SenateGovernor Approved 8/19/2016SenateEffective Date January 1, 2017 8/19/2016SenatePublic Act . . . . . . . . . 99-0849