IL HB5562 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-04-05 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-04-05 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
CANNABIS-SOCIAL EQUITY
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee |
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-04-02 | House | House Committee Amendment No. 1 Rules Refers to Executive Committee |
| 2024-03-27 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2024-03-27 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Marcus C. Evans, Jr. |
| 2024-03-27 | House | Assigned to Executive Committee |
| 2024-02-09 | House | Referred to Rules Committee |
| 2024-02-09 | House | First Reading |
| 2024-02-09 | House | Filed with the Clerk by Rep. Marcus C. Evans, Jr. |
Code Citations
| 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 |
