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| | SB0731 Engrossed | - 2 - | LRB101 04492 RJF 49500 b |
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1 | | memorandum of understanding or similar written document for an |
2 | | agreed-upon term concluding on December 31st of a particular |
3 | | year and shall include, at a minimum, the following:
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4 | | (a) an authorization by the Agency for the Foundation |
5 | | to operate, directly or through subcontractors, food |
6 | | service, catering service, and retail activities at the |
7 | | Abraham Lincoln Presidential Library and Museum with the |
8 | | net proceeds being made available by the Foundation to the |
9 | | Abraham Lincoln Presidential Library and Museum; |
10 | | (b) a requirement that the Foundation annually provide |
11 | | to the Office of the Governor and the General Assembly the |
12 | | following: |
13 | | (1) any audit of the Foundation's financial |
14 | | statements performed by an independent auditor; |
15 | | (2) the most recent Form 990 federal tax return |
16 | | filed by the Foundation with the Internal Revenue |
17 | | Service; and |
18 | | (3) an annual report including income and |
19 | | expenditures of funds raised as a result of the |
20 | | Foundation's operation, directly or through |
21 | | subcontractors, for food service, catering service, |
22 | | and retail activities at the Abraham Lincoln |
23 | | Presidential Library and Museum; and |
24 | | (c) the establishment of a working group with 7 |
25 | | members, composed of 3 members of the Board and 3 members |
26 | | of the Board of Directors of the Foundation, with such |
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| | SB0731 Engrossed | - 3 - | LRB101 04492 RJF 49500 b |
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1 | | members appointed by the respective chair of each board, |
2 | | together with the State Historian. The working group shall |
3 | | collaborate to advance the interests of the Agency and, as |
4 | | an initial responsibility, shall develop an official |
5 | | mission statement for the Agency which shall be presented |
6 | | to the Board and the Board of Directors of the Foundation |
7 | | for adoption and which shall serve to align and guide the |
8 | | efforts of both the Agency and the Foundation. Except for |
9 | | the State Historian, ex officio members of either board are |
10 | | not eligible to be appointed as members of the working |
11 | | group. The working group shall meet at least once each |
12 | | quarter and shall be chaired by the State Historian. The |
13 | | Foundation shall provide staff support to the working group |
14 | | to maintain attendance and other necessary records of the |
15 | | working group. |
16 | | (Source: P.A. 100-120, eff. 8-18-17.)
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17 | | Section 99. Effective date. This Act takes effect upon |
18 | | becoming law. |