Bill > SB2536

This bill provides detailed appropriations for the Department of Financial and Professional Regulation (DFPR) for the fiscal year beginning July 1, 2025, allocating funds from various specialized funds to support the department's operational expenses across multiple regulatory areas. The bill breaks down funding for different operational categories including personal services, state contributions to retirement systems and social security, group insurance, contractual services, travel, electronic data processing, and contingent expenses. Major funding allocations include $13,378,200 from the Cannabis Regulation Fund for cannabis regulation operational expenses, $25,176,700 from the Bank and Trust Company Fund for bank regulation, $8,525,700 from the Financial Institution Fund for general departmental operations, and $18,000,000 from the Professions Licensure Fund for a new licensing system. The bill also provides specific funding for specialized areas such as medical cannabis regulation, real estate research, cemetery oversight, and professional licensing disciplines like nursing, pharmacy, and dental services. Each section details the precise monetary allocations across different expense categories, with some minor increases in refund amounts noted through inserted language. The appropriations are designed to support the DFPR's comprehensive regulatory responsibilities across various professional and financial sectors in Illinois, with the act set to take effect on July 1, 2025.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2536&GAID=18&DocTypeID=SB&SessionID=114&GA=104