IL SB3952

Appropriates $114,545,300 in other state funds to the Department of Financial and Professional Regulation for fiscal year beginning July 1, 2020, distributed across multiple dedicated regulatory funds.

Allocates funds from 16 separate sources including Financial Institution Fund ($7,802,600), Bank and Trust Company Fund ($18,818,700), Cannabis Regulation Fund ($3,865,100), and medical/dental disciplinary funds for ordinary and contingent departmental expenses.

Funds include personal services, state retirement contributions, social security contributions, group insurance, contractual services, travel, and operational expenses across regulatory divisions covering banking, real estate, professions, pharmacy, nursing, and cannabis.

Appropriates $500,000 from the Nursing Dedicated and Professional Fund for establishment and operation of an Illinois Center for Nursing and $1,289,700 from the Compassionate Use of Medical Cannabis Fund for medical cannabis regulation.

Takes effect July 1, 2020.