ILLINOIS FUTURE FUND
Sponsored By: La Shawn K. Ford (Democratic)
In Committee
Summary
Amends the Cannabis Regulation and Tax Act. Creates the Illinois Future Fund as a special fund in the State treasury. Requires the Department of Human Services to establish the Direct Cash Assistance Program, which will provide qualifying individuals with a monthly cash payment of $500. Allows the Department of Human Services to adopt rules. Defines terms. Makes conforming changes in the State Finance Act regarding the Illinois Future Fund and further amends the Act in provisions regarding the Cannabis Regulation Fund. Provides that the 25% of the monthly amount transferred from the Cannabis Regulation Fund that is transferred to the Criminal Justice Information Projects Fund shall be changed, beginning July 1, 2027, according to the following schedule: (i) for the 2028 fiscal year, the excess between the amount transferred during the 2027 calendar year and the amount transferred in the 2026 calendar year shall be transferred from the Cannabis Regulation Fund to the Illinois Future Fund, and the remainder of the 25% of the monthly amount transferred from the Cannabis Regulation Fund shall be transferred to the Criminal Justice Information Projects Fund; (ii) for the 2029 fiscal year, only 20% shall be transferred to the Criminal Justice Information Projects Fund and 5% shall be transferred to the Illinois Future Fund; (iii) for the 2030 fiscal year, only 15% shall be transferred to the Criminal Justice Information Projects Fund and 10% shall be transferred to the Illinois Future Fund; (iv) for the 2031 fiscal year, only 10% shall be transferred to the Criminal Justice Information Projects Fund and 15% shall be transferred to the Illinois Future Fund; (v) for the 2032 fiscal year, only 5% shall be transferred to the Criminal Justice Information Projects Fund and 20% shall be transferred to the Illinois Future Fund; and (vi) for the 2033 fiscal year and all subsequent fiscal years, 25% shall be transferred to the Illinois Future Fund.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
La Shawn K. Ford
Democratic • House
Cosponsors
Justin Slaughter
Democratic • House
Kelly M. Cassidy
Democratic • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Rule 19(a) / Re-referred to Rules Committee
3/27/2026HouseTo Cannabis & Intoxicating Products Subcommittee
3/26/2026HouseAssigned to Executive Committee
3/18/2026HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
2/20/2026HouseAdded Co-Sponsor Rep. Justin Slaughter
2/20/2026HouseReferred to Rules Committee
1/20/2026HouseFirst Reading
1/20/2026HouseFiled with the Clerk by Rep. La Shawn K. Ford
1/15/2026House
Bill Text
Introduced
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