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91_HB0891
LRB9101068PTpk
1 AN ACT concerning commemorative medallions.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 1. Short title. This Act may be cited as the
5 Commemorative Medallions Act.
6 Section 5. Issuance of commemorative medallions. The
7 State Treasurer may issue medallions to commemorate popular
8 contemporaneous events of Statewide interest.
9 The Treasurer shall select one or more vendors for the
10 production, distribution, marketing, and sale of the
11 medallions. The Treasurer shall require that the vendors
12 share a percentage of the proceeds of the sale of the
13 medallions with a not-for-profit corporation organized under
14 the General Not For Profit Corporation Act of 1986 that is
15 related to the public purpose for which the medallions were
16 issued.
17 Section 10. Selection of events to be commemorated. The
18 General Assembly shall select the events to be commemorated
19 by joint resolution adopted by the affirmative vote of at
20 least three-fifths of the members elected to each house. The
21 State Treasurer may recommend a limit of the number of series
22 of medallions to be issued in a calendar year by giving
23 notice of the recommended limitation to the General Assembly
24 before December 1 of the preceding calendar year.
25 Section 15. Rules. The State Treasurer may promulgate
26 rules to implement this Act.
27 Section 99. Effective date. This Act takes effect upon
28 becoming law.