Illinois General Assembly - Bill Status for HB5562
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 Bill Status of HB5562  103rd General Assembly


Short Description:  CANNABIS-SOCIAL EQUITY

House Sponsors
Rep. Marcus C. Evans, Jr.

Last Action
DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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
  2/9/2024HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee
  3/27/2024HouseAssigned to Executive Committee
  3/27/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Marcus C. Evans, Jr.
  3/27/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/2/2024HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  4/5/2024HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

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