United States Commemorative Coins Act of 1995

Summary: TABLE OF CONTENTS: 
     Title I:  Specific Coins Authorized 
     Title II:  General Provisions 
United States Commemorative Coins Act of 1995 - 
Title I:  Specific Coins Authorized
 - Requires the Secretary of the Treasury to mint and issue ten-dollar gold coins to commemorate the bicentennial of United States gold coinage. 
(Sec. 102) Requires the Secretary to mint and issue five-dollar gold coins and one-dollar silver coins to commemorate the 50th anniversary of the founding of the United Nations and the role of President Harry S. Truman. Directs coin sale surcharge distribution to the Harry S. Truman Library Foundation and the U.N. Association. 
(Sec. 103) Requires the Secretary to mint and issue coins commemorating:  (1) the sesquicentennial of the founding of the Smithsonian Institution; (2) the public opening of the Franklin Delano Roosevelt Memorial, Washington, D.C.;  (3) the 125th anniversary of the establishment of the first U.S. National Park, Yellowstone National Park; and (4) the sacrifices of law enforcement officers and their families in preserving public safety, with surcharge proceeds paid to the National Law Enforcement Officers Memorial Fund, Inc. 
Title II:  General Provisions
 - Mandates that the design for the coins be:  (1) selected by the Secretary after consultation with recipient organizations and the Commission of Fine Arts; and (2) reviewed by the Citizens Commemorative Coin Advisory Committee.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``United States Commemorative Coins 
Act of 1995''.

                   TITLE I--SPECIFIC COINS AUTHORIZED

SEC. 101. BICENTENNIAL OF UNITED STATES GOLD COINAGE.

    (a) Denomination.--In commemoration of the bicentennial of United 
States gold coinage, the Secretary of the Treasury (hereafter in this 
Act referred to as the ``Secretary'') shall mint and issue not more 
than 25,000 10 dollar gold coins, which shall have such weight, 
diameter, and contents as the Secretary determines to be appropriate.
    (b) Design Requirements.--The design of the coins minted under this 
section shall be emblematic of the bicentennial of United States gold 
coinage.
    (c) Period for Issuance.--The Secretary may mint coins under this 
section only during the 1-year period ending on December 31, 1995.

SEC. 102. UNITED NATIONS AND HARRY S TRUMAN.

    (a) Denominations.--In commemoration of the 50th anniversary of the 
founding of the United Nations and the role of President Harry S Truman 
in the founding of the United Nations, the Secretary shall mint and 
issue the following coins:
            (1) $5 gold coins.--Not more than 75,000 5 dollar coins, 
        which shall--
                    (A) weigh 8.359 grams;
                    (B) have a diameter of 0.850 inches; and
                    (C) contain 90 percent gold and 10 percent alloy.
            (2) $1 silver coins.--Not more than 350,000 1 dollar coins, 
        which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain 90 percent silver and 10 percent 
                copper.
    (b) Design Requirements.--The design of the coins minted under this 
section shall be emblematic of the 50th anniversary of the founding of 
the United Nations and the role of President Harry S Truman in the 
founding of the United Nations.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this section only during the 1-year period beginning on the date 
the 1st such coins are issued in 1996.
    (d) Surcharges.--All sales of coins issued under this section shall 
include a surcharge of--
            (1) $35 per coin for the $5 coin; and
            (2) $10 per coin for the $1 coin.
    (e) Recipient Organization.--All surcharges received by the 
Secretary from the sale of coins issued under this section shall be 
promptly distributed by the Secretary as follows:
            (1) 50 percent shall be paid to the Harry S Truman Library 
        Foundation for the purpose of supporting and maintaining the 
        Harry S Truman Library.
            (2) 50 percent shall be paid to the United Nations 
        Association for the purpose of assisting with educational 
        activities, such as high school and college model United 
        Nations' programs and other grassroots activities, that 
        highlight the United Nations and the role of the United States 
        in that world body.

SEC. 103. SMITHSONIAN INSTITUTION.

    (a) Denominations.--In commemoration of the sesquicentennial of the 
founding of the Smithsonian Institution, the Secretary shall mint and 
issue the following coins:
            (1) $5 gold coins.--Not more than 100,000 5 dollar coins, 
        which shall--
                    (A) weigh 8.359 grams;
                    (B) have a diameter of 0.850 inches; and
                    (C) contain 90 percent gold and 10 percent alloy.
            (2) $1 silver coins.--Not more than 800,000 1 dollar coins, 
        which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain 90 percent silver and 10 percent 
                copper.
    (b) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        section shall be emblematic of the scientific, educational, and 
        cultural significance of the Smithsonian Institution.
            (2) Additional inscription.--In addition to the 
        inscriptions required under section 203(a), on each coin minted 
        under this section there shall be an inscription of the 
        following phrase from the original bequest of James Smithson: 
        ``for the increase and diffusion of knowledge''.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this section only during the period beginning on August 1, 1996, 
and ending on July 31, 1997.
    (d) Surcharges.--All sales of coins issued under this section shall 
include a surcharge of--
            (1) $35 per coin for the $5 coin; and
            (2) $10 per coin for the $1 coin.
    (e) Recipient Organization.--All surcharges received by the 
Secretary from the sale of coins issued under this section shall be 
promptly paid by the Secretary to the Smithsonian Institution for the 
purpose of supporting the National Numismatic Collection at the 
National Museum of American History.

SEC. 104. FRANKLIN DELANO ROOSEVELT.

    (a) Denomination.--In commemoration of the public opening of the 
Franklin Delano Roosevelt Memorial in Washington, DC, which will honor 
President Roosevelt's leadership and legacy in shaping life in the 
United States as we know it today, the Secretary shall mint and issue 
not more than 100,000 5 dollar coins, which shall--
            (1) weigh 8.359 grams;
            (2) have a diameter of 0.850 inches; and
            (3) contain 90 percent gold and 10 percent alloy.
    (b) Design Requirements.--The design of the coins minted under this 
section shall be emblematic of the leadership and legacy of Franklin 
Delano Roosevelt.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this section only during the period beginning on January 1, 1997, 
and ending on December 31, 1997.
    (d) Surcharges.--All sales of coins issued under this section shall 
include a surcharge of $35 per coin.
    (e) Recipient Organization.--All surcharges received by the 
Secretary from the sale of coins issued under this section shall be 
promptly paid by the Secretary to the Franklin Delano Roosevelt 
Memorial Commission for the purpose of supporting and maintaining the 
Franklin Delano Roosevelt Memorial.

SEC. 105. YELLOWSTONE NATIONAL PARK.

    (a) Denomination.--In commemoration of the 125th anniversary of the 
establishment of the 1st national park in the United States, 
Yellowstone National Park, and the birth of the concept of a national 
park, the Secretary shall mint and issue not more than 500,000 1 dollar 
coins, 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) Design Requirements.--The design of the coins minted under this 
section shall be emblematic of the 125th anniversary of the 
establishment of the 1st national park in the United States, 
Yellowstone National Park.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this section only during the period beginning on January 1, 1997, 
and ending on December 31, 1997.
    (d) Surcharges.--All sales of coins issued under this section shall 
include a surcharge of $10 per coin.
    (e) Recipient Organizations.--All surcharges received by the 
Secretary from the sale of coins issued under this section shall be 
promptly distributed by the Secretary as follows:
            (1) 50 percent shall be paid to the National Park 
        Foundation for the purpose of supporting national parks.
            (2) 50 percent shall be paid to the Yellowstone National 
        Park for the purpose of supporting Yellowstone National Park.

SEC. 106. NATIONAL LAW ENFORCEMENT OFFICERS MEMORIAL.

    (a) Denomination.--In commemoration of the sacrifices of law 
enforcement officers and their families in preserving public safety, 
the Secretary shall mint and issue not more than 500,000 1 dollar 
coins, 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) Design Requirements.--The design of the coins minted under this 
section shall be emblematic of the sacrifices of law enforcement 
officers and their families in preserving public safety.
    (c) Period for Issuance.--
            (1) In general.--The Secretary may issue coins minted under 
        this section only during the period beginning on January 1, 
        1997, and ending on December 31, 1997.
            (2) Commencement of issuance.--The Secretary shall begin 
        issuing coins under this section not later than May 1, 1997.
    (d) Surcharges.--All sales of coins issued under this section shall 
include a surcharge of $10 per coin.
    (e) Recipient Organization.--All surcharges received by the 
Secretary from the sale of coins issued under this section shall be 
promptly paid by the Secretary to the National Law Enforcement Officers 
Memorial Fund, Inc. (the nonprofit organization established to raise 
funds for and oversee the construction of the National Law Enforcement 
Officers Memorial in Washington, DC) for the purpose of supporting the 
National Law Enforcement Officers Memorial and related programs.
                      TITLE II--GENERAL PROVISIONS

SEC. 201. GENERAL SPECIFICATIONS.

    (a) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (b) Numismatic Items.--For purposes of section 5134 of title 31, 
United States Code, all coins minted under this Act shall be considered 
to be numismatic items.
    (c) Recipient Organization Defined.--For purposes of this Act, the 
term ``recipient organization'' means, with respect to any coins issued 
under any section of title I (other than section 101), the organization 
designated, under subsection (e) of such section, as the recipient of 
surcharges from the sale of such coins.

SEC. 202. SOURCES OF BULLION.

    (a) Gold.--The Secretary shall obtain gold for minting coins under 
this Act pursuant to the authority of the Secretary under other 
provisions of law.
    (b) Silver.--The Secretary shall obtain silver for minting coins 
under this Act only from stockpiles established under the Strategic and 
Critical Materials Stock Piling Act.

SEC. 203. DESIGN OF COINS.

    (a) Designation and Inscriptions.--On each coin minted under this 
Act there shall be--
            (1) a designation of the value of the coin;
            (2) an inscription of the year of issuance of the coin (or, 
        in the case of coins issued in more than 1 year, the 1st year 
        of issuance); and
            (3) 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 any section 
of title I shall be--
            (1) selected by the Secretary after consultation with each 
        recipient organization with respect to such coins and the 
        Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Coin Advisory 
        Committee.

SEC. 204. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Mint Facility.--Only 1 facility of the United States Mint may 
be used to strike any particular combination of denomination and 
quality of the coins minted under this Act.

SEC. 205. SALE OF COINS.

    (a) Sale Price.--The coins issued under this Act shall be sold by 
the Secretary at a price equal to the sum of--
            (1) the face value of the coins;
            (2) the surcharge provided under the appropriate section of 
        title I with respect to each such coin; and
            (3) the cost of designing and issuing the coins (including 
        labor, materials, dies, use of machinery, overhead expenses, 
        marketing, and shipping).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--
            (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. 206. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods and services necessary for carrying out the 
provisions of this Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this Act 
from complying with any law relating to equal employment opportunity.

SEC. 207. AUDITS OF SURCHARGES.

    The Comptroller General of the United States shall have the right 
to examine such books, records, documents, and other data of each 
recipient organization with respect to coins issued under this Act as 
may be related to the expenditures of amounts paid to such organization 
by the Secretary of the Treasury under title I.

SEC. 208. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that minting and issuing coins 
under this Act will not result in any net cost to the United States 
Government.
    (b) Payment for Coins.--A coin shall not be issued under this Act 
unless the Secretary has received--
            (1) full payment for the coin;
            (2) security satisfactory to the Secretary to indemnify the 
        United States for full payment; or
            (3) a guarantee of full payment satisfactory to the 
        Secretary from a depository institution whose deposits are 
        insured by the Federal Deposit Insurance Corporation or the 
        National Credit Union Administration Board.