The State Treasurer, upon receiving military medals, shall hold and maintain the military medals for ten years or until the original owner or the owners’ respective heirs or beneficiaries can be identified and the military medals returned. After ten years, the State Treasurer may designate a veteran’s organization, an awarding agency, or a governmental entity as the custodian of the military medals. Once the military medals are turned over to a veteran’s organization, an awarding agency, or a governmental entity, the State Treasurer will no longer be responsible for the safekeeping of the military medals.