Amends the Principal and Income Act. Makes a technical change in a Section concerning the short title.
Senate Floor Amendment No. 1: Replaces everything after the enacting clause. Amends the Illinois Antitrust Act. Makes it a violation of the Act to make any contract with or engage in any combination or conspiracy with any other person who is, or but for a prior agreement would be, a competitor of such person for the purpose or with the effect of (1) fixing, controlling, or maintaining rental pricing, fees, or any other rental term for residential rental units in the State; or (2) engaging in price coordination for residential rental units in the State, including through the sale, licensure, or provision of any service or product that involves price coordination of residential rental units. Makes it a violation of the Act to engage in price coordination or use, subscribe to, or contract with a service that involves price coordination for residential rental units in the State, including through the sale, licensure, or provision of any other service or product that involves price coordination of residential rental units. Defines terms.
House Committee Amendment No. 1: Replaces everything after the enacting clause. Provides that quick-take proceedings may be used for a period of no more than 2 years after the effective date of the amendatory Act by Cook County and the City of Calumet City for the acquisition of certain described property for the purpose of economic development. Repeals the Section 3 years after the effective date of the amendatory Act. Effective immediately.

Statutes affected:
Introduced: 760 ILCS 15/1
Engrossed: 740 ILCS 10/3, 740 ILCS 10/4
Enrolled: 735 ILCS 30/25