State of Illinois
91st General Assembly
Legislation

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91_HB0891enr

 
HB0891 Enrolled                                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.

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