Illinois House Bill 5562

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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]

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

Rep. Marcus Evans [D]

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.

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=5562&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB5562.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB5562ham001.htm