Bill Status of SB 3785   103rd General Assembly

Short Description:  CANNABIS-SOCIAL EQUITY

Senate Sponsors
Sen. Kimberly A. Lightford

Last Action  View All Actions

DateChamber Action
  6/26/2024SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments

Statutes Amended In Order of Appearance
410 ILCS 705/1-10
410 ILCS 705/7-10
410 ILCS 705/7-15
410 ILCS 705/55-30

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/9/2024SenateFiled with Secretary by Sen. Kimberly A. Lightford
  2/9/2024SenateFirst Reading
  2/9/2024SenateReferred to Assignments
  2/28/2024SenateAssigned to Executive
  3/7/2024SenateTo Subcommittee on Cannabis
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024
  4/12/2024SenateRule 2-10 Third Reading Deadline Established As May 3, 2024
  5/3/2024SenateRule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024
  5/17/2024SenateRule 2-10 Committee Deadline Established As May 24, 2024
  5/24/2024SenateRule 2-10 Committee/3rd Reading Deadline Established As May 25, 2024
  5/25/2024SenateRule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024
  6/26/2024SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments

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