Illinois Senate Bill 3785

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-06-26 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Cannabis Regulation and Tax Act. Provides that the Cannabis Business Development Fund may be used to provide financial assistance that supports lending to or private investment in qualified Social Equity Applicants and Social Equity Lottery Licensees or facilitates access to the facilities needed to commence operations on a cannabis business establishment. Provides that the Department of Commerce and Economic Opportunity may enter into financial agreements to facilitate lending to or investment in qualified Social Equity Applicants or Social Equity Lottery Licensees, or their subsidiaries or affiliates, to ensure the availability of facilities necessary to operate a cannabis business establishment. Provides that notwithstanding anything in the confidentiality provisions of the Act to the contrary, the Department of Financial and Professional Regulation and the Department of Agriculture may share licensee information with the Department of Commerce and Economic Opportunity necessary to support the administration of Social Equity programming.

CANNABIS-SOCIAL EQUITY

Sen. Kimberly Lightford [D]

Date	Chamber	Action
2024-06-26	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2024-05-25	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024
2024-05-24	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 25, 2024
2024-05-17	Senate	Rule 2-10 Committee Deadline Established As May 24, 2024
2024-05-03	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024
2024-04-12	Senate	Rule 2-10 Third Reading Deadline Established As May 3, 2024
2024-04-05	Senate	Rule 2-10 Committee Deadline Established As May 3, 2024
2024-03-15	Senate	Rule 2-10 Committee Deadline Established As April 5, 2024
2024-03-07	Senate	To Subcommittee on Cannabis
2024-02-28	Senate	Assigned to Executive
2024-02-09	Senate	Referred to Assignments
2024-02-09	Senate	First Reading
2024-02-09	Senate	Filed with Secretary by Sen. Kimberly A. Lightford

Chapter	Article	Section	Citation Type	Statute Text
410	705	1-10	Amended Code	Citation Text
410	705	55-30	Amended Code	Citation Text
410	705	7-10	Amended Code	Citation Text
410	705	7-15	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3785&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB3785.htm