A bill to require the Secretary of the Treasury to mint and issue coins commemorating the 100th anniversary of the establishment of Glacier National Park, and for other purposes.

Summary: Glacier National Park Commemorative Coin Act - Directs the Secretary of the Treasury, in commemoration of the 100th anniversary of the establishment of Glacier National Park in Montana, to mint and issue $1 coins emblematic of the Park, its natural features, and wildlife.

Prohibits the minting of any coins under this Act after December 31, 2010.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Glacier National Park Commemorative 
Coin Act''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) on May 11, 1910, President William Howard Taft signed a 
        bill establishing Glacier National Park, the Nation's 10th 
        national park;
            (2) in 1931, members of the Rotary Clubs of Alberta and 
        Montana suggested joining Glacier National Park with its 
        adjacent cross-border Canadian national park, Waterton Lakes 
        National Park, as a symbol of peace and friendship between the 
        2 nations;
            (3) in 1932, the United States and Canadian Governments 
        agreed to jointly designate the 2 parks as Waterton-Glacier 
        International Peace Park, the world's first;
            (4) both parks are Biosphere Reserves, and were named as a 
        World Heritage Site in 1995, highlighting the importance of the 
        parks, not just to the United States and Canada, but to the 
        entire world;
            (5) Glacier National Park's rugged and soaring mountains, 
        pristine forests, watchable wildlife, alpine meadows, and 
        spectacular lakes have inspired generations of people to 
        explore and experience nature;
            (6) known as ``The Crown of the Continent'', Glacier 
        National Park, with its awe-inspiring beauty, majesty, and 
        grandeur, is an incredible national treasure; and
            (7) 2010 will mark the 100th anniversary of the 
        establishment of Glacier National Park.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denomination.--In commemoration of the 100th anniversary of the 
establishment of Glacier National Park, the Secretary of the Treasury 
(in this Act referred to as the ``Secretary'') shall mint and issue not 
more than 200,000 $1 coins, each of which shall--
            (1) weigh 26.73 grams;
            (2) have a diameter of 1.500 inches; and
            (3) contain 90 percent silver and 10 percent copper.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of sections 5134 and 5136 of 
title 31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.

SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall be emblematic of Glacier National Park and its 
        natural features and wildlife.
            (2) Designation and inscriptions.--On each coin minted 
        under this Act, there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of the year 2010; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum''.
    (b) Selection.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary, after consultation with the 
        Glacier National Park Fund and the Commission of Fine Arts; and
            (2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Commencement of Issuance.--The Secretary may issue coins minted 
under this Act beginning on January 1, 2010.
    (c) Termination of Minting Authority.--No coins may be minted under 
this Act after December 31, 2010.

SEC. 6. SALE OF COINS.

    (a) Sale Price.--Notwithstanding any other provision of law, the 
coins issued under this Act shall be sold by the Secretary at a price 
equal to the sum of the face value of the coins, the surcharge required 
under section 7(a) for the coins, and the cost of designing and issuing 
such coins (including labor, materials, dies, use of machinery, 
overhead expenses, and marketing).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders at a Discount.--
            (1) In general.--The Secretary shall accept prepaid orders 
        for the coins minted under this Act before the issuance of such 
        coins.
            (2) Discount.--Sale prices with respect to prepaid orders 
        under paragraph (1) shall be at a reasonable discount.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins minted under this Act shall 
include a surcharge of $10 per coin.
    (b) Distribution.--Subject to section 5134(f) of title 31, United 
States Code, the first $2,000,000 of the surcharges received by the 
Secretary from the sale of coins issued under this Act shall be paid by 
the Secretary to the Glacier National Park Fund of Whitefish, Montana, 
for use in--
            (1) supporting the celebration, preservation, and promotion 
        of Glacier National Park; and
            (2) maintaining and expanding the infrastructure and 
        facilities of Glacier National Park.
    (c) Audits.--The Glacier National Park Fund of Whitefish, Montana 
shall be subject to the audit requirements of section 5134(f)(2) of 
title 31, United States Code.