Illinois HJR 60: SSG MILLER MEMORIAL HIGHWAY

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HJ0060LRB104 21414 MST 36422 r

1HOUSE JOINT RESOLUTION

2 WHEREAS, More than four million residents of Illinois live 

3in condominiums or common interest community associations; and

4 WHEREAS, These associations are responsible for managing 

5residential properties, financial assets, and critical 

6infrastructure systems that directly affect the safety and 

7financial well-being of homeowners; and

8 WHEREAS, Association governance structures often rely on 

9volunteer boards and professional management, creating 

10potential gaps in oversight, transparency, and accountability; 

11and

12 WHEREAS, Unit owners may face challenges in accessing 

13timely and accurate information related to finances, reserves, 

14building conditions, and major repair obligations; and

15 WHEREAS, Current law does not provide comprehensive 

16mechanisms for enforcement, dispute resolution, or 

17standardized governance practices; and

18 WHEREAS, Deferred maintenance, underfunded reserves, 

19inadequate financial oversight, and lack of transparency may 

20expose homeowners to significant financial risk and potential 

HJ0060- 2 -LRB104 21414 MST 36422 r

1safety hazards; therefore, be it

2 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE 

3HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE 

4SENATE CONCURRING HEREIN, that the Illinois Condominium 

5Governance and Transparency Task Force is created to study the 

6transparency, financial integrity, and safe living conditions 

7of residents of condominiums and common interest community 

8associations; and be it further

9 RESOLVED, That the Task Force is charged with specifically 

10examining and making recommendations regarding the following:

11 (1) Board governance