CONDO-EXEMPT SMALL CONDOS Senate SponsorsSen. Pamela J. Althoff and Thomas Johnson 1/8/2013SenateSession Sine Die 765 ILCS 605/2.1from Ch. 30, par. 302.1Amends the Condominium Property Act. Creates a new exception to the Act. Provides that the Act applies to all condominiums, except it does not apply (instead of the Act applies to all condominiums unless otherwise expressly provided in the Act) to a condominium or a condominium unit owners' association with either 10 units or less or annual budgeted assessments of $100,000 or less, unless the association affirmatively elects to be covered by this Act by a majority of its directors and unit owners. Provides that a condominium or a condominium unit owners' association that has either 10 units or less or annual budgeted assessments of $50,000 or less is exempt from provisions of the Act concerning board meetings being open to unit owners, quorum requirements at an owners' meeting, special meetings, and notices of meetings, but the board of directors of the association is required to provide notice of meetings to unit owners in a manner and at a time that will allow unit owners to participate in those meetings. Effective immediately.Senate Committee Amendment No. 1 Deletes a provision that makes specific exemptions for a condominium or a condominium unit owners' association that has annual budgeted assessments of $50,000 or less. 2/9/2011SenateFiled with Secretary by Sen. Pamela J. Althoff 2/9/2011SenateFirst Reading 2/9/2011SenateReferred to Assignments 2/15/2011SenateAdded as Co-Sponsor Sen. Thomas Johnson 3/2/2011SenateAssigned to Judiciary 3/9/2011SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff 3/9/2011SenateSenate Committee Amendment No. 1 Referred to Assignments 3/9/2011SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary 3/10/2011SenateSenate Committee Amendment No. 1 Adopted 3/10/2011SenateDo Pass as Amended Judiciary; 006-000-000 3/10/2011SenatePlaced on Calendar Order of 2nd Reading March 14, 2011 7/23/2011SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/8/2013SenateSession Sine Die