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.
15 ILCS 555/5
Issuance of commemorative medallions
Known as the Commemorative Medallions Act
The act spans §§ 15-555-1 to 15-555-99 (5 sections).
P.A. 91-71, eff. 7-9-99.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.