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memorandum of understanding or similar written document for an |
agreed-upon term concluding on December 31st of a particular |
year and shall include, at a minimum, the following:
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(a) an authorization by the Agency for the Foundation |
to operate, directly or through subcontractors, food |
service, catering service, and retail activities at the |
Abraham Lincoln Presidential Library and Museum with the |
net proceeds being made available by the Foundation to the |
Abraham Lincoln Presidential Library and Museum; |
(b) a requirement that the Foundation annually provide |
to the Office of the Governor and the General Assembly the |
following: |
(1) any audit of the Foundation's financial |
statements performed by an independent auditor; |
(2) the most recent Form 990 federal tax return |
filed by the Foundation with the Internal Revenue |
Service; and |
(3) an annual report including income and |
expenditures of funds raised as a result of the |
Foundation's operation, directly or through |
subcontractors, for food service, catering service, |
and retail activities at the Abraham Lincoln |
Presidential Library and Museum; and |
(c) the establishment of a working group with 7 |
members, composed of 3 members of the Board and 3 members |
of the Board of Directors of the Foundation, with such |
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members appointed by the respective chair of each board, |
together with the State Historian. The working group shall |
collaborate to advance the interests of the Agency and, as |
an initial responsibility, shall develop an official |
mission statement for the Agency which shall be presented |
to the Board and the Board of Directors of the Foundation |
for adoption and which shall serve to align and guide the |
efforts of both the Agency and the Foundation. Except for |
the State Historian, ex officio members of either board are |
not eligible to be appointed as members of the working |
group. The working group shall meet at least once each |
quarter and shall be chaired by the State Historian. The |
Foundation shall provide staff support to the working group |
to maintain attendance and other necessary records of the |
working group. |
(Source: P.A. 100-120, eff. 8-18-17.)
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Section 99. Effective date. This Act takes effect upon |
becoming law. |