BILL · 2021–22 SESSION · LATEST VERSION SSB 5706

SB 5706: Community reinvestment

Creating the community reinvestment account and community reinvestment program.

Summary

  • Requires $125 million to be transferred from the Dedicated Marijuana Account to the Community Reinvestment Account and appropriated to the Department of Commerce for specified community reinvestment purposes, beginning fiscal year 2023 and each succeeding fiscal year.

From the Senate Bill Report (SB 5706), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 10, 2022
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Rebecca Saldaña (D-37)
Introduced
January 10, 2022 in the Senate
Last action
January 27, 2022
Requested by
Governor
Companion bill
HB 1827
Budget
Has a fiscal note
Versions
SB 5706, SSB 5706

AN ACT Relating to the creation of the community reinvestment account and community reinvestment program;

Sponsors

Prime sponsor: Rebecca Saldaña (D-37)

5 co-sponsors (5 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. Referred to Ways & Means. (SSB 5706)
  2. Referred to Ways & Means.
  3. LCTA - Majority; 1st substitute bill be substituted, do pass. (SSB 5706)
  4. Minority; do not pass. (SSB 5706)
  5. And refer to Ways & Means. (SSB 5706)
  6. Minority; without recommendation. (SSB 5706)
  7. Minority; without recommendation.
  8. And refer to Ways & Means.
  9. Minority; do not pass.
  10. LCTA - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Labor, Commerce & Tribal Affairs.
  12. Prefiled for introduction.

SB 5706 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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