IL HB5054

Establishes a 2-year Guaranteed Income for Women Pilot Program administered by the Department of Human Services providing $850 monthly cash payments to 650 eligible women with income at or below the poverty line in East St. Louis and Cahokia Heights.

Eliminates application process; the Department identifies and invites eligible women to participate, and may contract with non-profit organizations to assist in identifying participants.

Excludes pilot program payments from counting as income or resources for 12 months after receipt when determining eligibility for federal or state benefits and assistance.

Creates the Guaranteed Income for Women Pilot Program Fund with $6,630,000 transferred from the Cannabis Regulation Fund after July 1, 2023, and another $6,630,000 after July 1, 2024, for a total of $13,260,000 in funding.

Amends the State Finance Act to prioritize these transfers from the Cannabis Regulation Fund before other required transfers are made.