Bill

Bill > HB4427


IL HB4427

IL HB4427
FINANCE-CANNABIS REGULATION


summary

Introduced
01/14/2026
In Committee
02/11/2026
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the State Finance Act. Creates the Prison Education Fund. Provides that moneys in the Prison Education Fund shall be used by the Illinois Community College Board and Illinois Board of Higher Education to make grants to prison education programs that award associate degrees or bachelor's degrees to currently incarcerated students. Makes changes concerning the allocation of money from the Cannabis Regulation Fund. Provides that 0.5% of the moneys in the Cannabis Regulation Fund, after certain allocations have been made, shall be transferred from the Cannabis Regulation Fund to the Prison Education Fund.

AI Summary

This bill amends the State Finance Act to create a new fund called the Prison Education Fund, which will be financed by a small portion of the money collected in the Cannabis Regulation Fund. Specifically, 0.5% of the moneys remaining in the Cannabis Regulation Fund after other allocations are made will be transferred to this new fund. The Prison Education Fund's purpose is to provide grants for prison education programs that offer associate or bachelor's degrees to currently incarcerated students, with the Illinois Community College Board and the Illinois Board of Higher Education responsible for distributing these grants to eligible public and private non-profit colleges and universities.

Committee Categories

Government Affairs

Sponsors (9)

Last Action

Added Co-Sponsor Rep. Marcus C. Evans, Jr. (on 02/26/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...