HB5682 Summary

• Appropriates $205,703,600 total ($16,250,000 from General Revenue Funds and $189,453,600 from Other State Funds) to the Department of Financial and Professional Regulation for fiscal year beginning July 1, 2024

• Funds operational expenses across multiple regulatory divisions including banking, cannabis regulation, real estate licensing, nursing, pharmacy, medical and dental disciplinary boards, and professional licensing

• Allocates $13,378,200 from Cannabis Regulation Fund for adult-use cannabis operational expenses and $5,642,600 for Cannabis Regulation Oversight Officer administration

• Appropriates $4,362,700 for establishment and operation of an Illinois Center for Nursing and $7,199,200 for medical cannabis regulation

• Appropriates $16,250,000 from General Revenue Fund for Electronic Data Processing to implement and administer a new licensing system; takes effect July 1, 2024