Commemorative Medallions Act (15 ILCS 555/)

Chapter 15 — Executive Officers

Treasurer

This text is maintained by the Legislative Reference Bureau for legislative drafting purposes and is NOT the official text of the Illinois Compiled Statutes; the only official copy is the printed copy maintained by the Secretary of State.

Sec. 1. Short title

This Act may be cited as the Commemorative Medallions Act.

(Source: P.A. 91-71, eff. 7-9-99.)

Sec. 5. Issuance of commemorative medallions

The State Treasurer may issue medallions to commemorate popular contemporaneous events of Statewide interest.

The Treasurer shall select one or more vendors for the production, distribution, marketing, and sale of the medallions. The Treasurer shall require that the vendors share a percentage of the proceeds of the sale of the medallions with a not-for-profit corporation organized under the General Not For Profit Corporation Act of 1986 that is related to the public purpose for which the medallions were issued.

(Source: P.A. 91-71, eff. 7-9-99.)

Sec. 10. Selection of events to be commemorated

The General Assembly shall select the events to be commemorated by joint resolution adopted by the affirmative vote of at least three-fifths of the members elected to each house. The State Treasurer may recommend a limit of the number of series of medallions to be issued in a calendar year by giving notice of the recommended limitation to the General Assembly before December 1 of the preceding calendar year.

(Source: P.A. 91-71, eff. 7-9-99.)

Sec. 15. Rules

The State Treasurer may promulgate rules to implement this Act.

(Source: P.A. 91-71, eff. 7-9-99.)

Sec. 99. Effective date

This Act takes effect upon becoming law.

(Source: P.A. 91-71, eff. 7-9-99.)