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16A.061 MAY ISSUE COMMEMORATIVE MEDALLIONS.
The commissioner of finance may issue medallions to commemorate popular
contemporaneous events of statewide interest.
The commissioner of finance may make reasonable arrangements with public or private
entities for the production, distribution, marketing, and sale of the medallions. The commissioner
of finance or other entity may solicit and receive nonstate funds or in-kind contributions in
connection with any part of the medallion program. Proceeds from sales, nonstate funds, and
in-kind contributions must be deposited in a dedicated account.
Money in the account is appropriated to the commissioner of finance for purposes of the
program. Any profit earned on the sale of the medallions must be used for grants to support
the event for which the medallions were issued. The state grant must be matched by an equal
amount from private sources.
History: 1991 c 345 art 1 s 41; 2003 c 112 art 2 s 50