IL SB3785 | 2023-2024 | 103rd General Assembly
Status
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]
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]
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 |
|---|---|---|
| 2024-06-26 | 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 |
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 |
Illinois State Sources
| 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 |
