Bill Title: Reinserts the provisions of Senate Amendment No. 2, as amended by Senate Amendment No. 3, with the following changes: Removes cost of collecting assessments from costs allowed to be included in the amount of financing or refinancing. Modifies the definitions of "assessment", "property", "record owner", and "resiliency improvement". Modifies the requirements of the program report. Changes requirements of property that may be subject to an assessment contract. Removes provisions allowing a county collector to charge flat fees relating to collection of assessments. Removes language providing that a record owner waives objects to assessments related to assessment contracts when entering into the assessment contract. Makes grammatical changes. Makes other changes. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 12-4)

Status: (Passed) 2019-07-29 - Public Act . . . . . . . . . 101-0169 [HB3501 Detail]

Text: Latest bill text (Chaptered) [HTML]

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