15 ILCS 555/ Commemorative Medallions Act.

Information maintained by the Legislative Reference Bureau

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

EXECUTIVE OFFICERS
(15 ILCS 555/) Commemorative Medallions Act.

15 ILCS 555/1

(15 ILCS 555/1)

Sec. 1.

Short title.

This Act may be cited as the Commemorative Medallions Act.

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

15 ILCS 555/5

(15 ILCS 555/5)

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.)

15 ILCS 555/10

(15 ILCS 555/10)

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.)

15 ILCS 555/15

(15 ILCS 555/15)

Sec. 15.

Rules.

The State Treasurer may promulgate rules to implement
this Act.

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

15 ILCS 555/99

(15 ILCS 555/99)

Sec. 99.

Effective date.

This Act takes effect upon becoming law.

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