Illinois HJR 67: LCPL. UHLES MEMORIAL HIGHWAY

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HJ0067LRB104 21940 MST 37861 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, Condominiums associations manage substantial 

9owner assessments, infrastructure systems, and reserve 

10obligations affecting homeowners across Illinois; and

11 WHEREAS, Association governance structures often rely on 

12volunteer boards and professional management, creating 

13potential gaps in oversight, transparency, and accountability; 

14and

15 WHEREAS, Unit owners may face challenges in accessing 

16timely and accurate information related to finances, reserves, 

17building conditions, and major repair obligations; and

18 WHEREAS, Current law does not provide comprehensive 

19mechanisms for enforcement, dispute resolution, or 

20standardized governance practices; and

HJ0067- 2 -LRB104 21940 MST 37861 r

1 WHEREAS, Deferred maintenance, underfunded reserves, 

2inadequate financial oversight, and lack of transparency may 

3expose homeowners to significant financial risk and potential 

4safety hazards; therefore, be it

5 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE 

6HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE 

7SENATE CONCURRING HEREIN, that the Illinois Condominium 

8Governance and Transparency Task Force is created to study the 

9transparency, financial integrity, and safe living conditions 

10of residents of condominiums and common interest community 

11associatio