Jackie Robinson Commemorative Coin Act

Summary: Jackie Robinson Commemorative Coin Act - Directs the Secretary of the Treasury to:  (1) mint and issue one-dollar silver coins emblematic of Jackie Robinson in commemoration of the 50th anniversary of the breaking of the color barrier in major league baseball; and (2) distribute surcharge proceeds to the Jackie Robinson Foundation to enhance its education and youth leadership programs, and increase the availability of scholarships for economically disadvantaged youths.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Jackie Robinson Commemorative Coin 
Act''.

SEC. 2. COIN SPECIFICATIONS.

    (a) $1 Silver Coins.--In commemoration of the 50th anniversary of 
the breaking of the color barrier in major league baseball by Jackie 
Robinson, the Secretary of the Treasury (hereafter in this Act referred 
to as 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) 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 section 5136 of title 31, 
United States Code, all coins minted under this Act shall be considered 
to be numismatic items.

SEC. 3. SOURCES OF BULLION.

    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. 4. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design--
                    (A) on the obverse side of the coins minted under 
                this Act shall be emblematic of Jackie Robinson; and
                    (B) on the reverse side of such coins shall be 
                emblematic of Jackie Robinson's association with and 
                contributions to major league baseball.
            (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 ``1997''; 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 
        Jackie Robinson Foundation and the Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Coin 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) Mint Facility.--Only 1 facility of the United States Mint may 
be used to strike any particular quality of the coins minted under this 
Act.
    (c) Commencement of Issuance.--The Secretary may issue coins minted 
under this Act beginning April 15, 1997.
    (d) Termination of Minting Authority.--No coins may be minted under 
this Act after December 15, 1998.

SEC. 6. 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 in subsection (d) with respect 
        to such coins; 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.
    (d) Surcharges.--All sales shall include a surcharge of $10 per 
coin.

SEC. 7. 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. 8. DISTRIBUTION OF SURCHARGES.

    Subject to section 10(a), all surcharges received by the Secretary 
from the sale of coins issued under this Act shall be promptly paid by 
the Secretary to the Jackie Robinson Foundation (hereafter in this Act 
referred to as the Foundation'') for the purpose of--
            (1) enhancing the programs of the Foundation in the field 
        of education and youth leadership skills development; and
            (2) increasing the availability of scholarships for youth 
        with the greatest need.

SEC. 9. 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.

SEC. 10. CONDITIONS ON PAYMENT OF SURCHARGES.

    (a) Payment of Surcharges.--Notwithstanding any other provision of 
law, no amount derived from the proceeds of any surcharge imposed on 
the sale of coins issued under this Act shall be paid to the Foundation 
unless--
            (1) all numismatic operation and program costs allocable to 
        the program under which such coins are produced and sold have 
        been recovered; and
            (2) the Foundation submits an audited financial statement 
        which demonstrates to the satisfaction of the Secretary that, 
        with respect to all projects or purposes for which the proceeds 
        of such surcharge may be used, the Foundation has raised funds 
        from private sources for such projects and purposes in an 
        amount which is equal to or greater than the maximum amount the 
        Foundation may receive from the proceeds of such surcharge.
    (b) Annual Audits.--
            (1) Annual audits of recipients required.--The Foundation 
        shall provide, as a condition for receiving any amount derived 
        from the proceeds of any surcharge imposed on the sale of coins 
        issued under this Act, for an annual audit, in accordance with 
        generally accepted government auditing standards by an 
        independent public accountant selected by the Foundation, of 
        all such payments to the Foundation beginning in the first 
        fiscal year of the Foundation in which any such amount is 
        received and continuing until all such amounts received by the 
        Foundation with respect to such surcharges are fully expended 
        or placed in trust.
            (2) Minimum requirements for annual audits.--At a minimum, 
        each audit of the Foundation pursuant to paragraph (1) shall 
        report--
                    (A) the amount of payments received by the 
                Foundation during the fiscal year of the Foundation for 
                which the audit is conducted which are derived from the 
                proceeds of any surcharge imposed on the sale of coins 
                issued under this Act;
                    (B) the amount expended by the Foundation from the 
                proceeds of such surcharges during the fiscal year of 
                the Foundation for which the audit is conducted; and
                    (C) whether all expenditures by the Foundation from 
                the proceeds of such surcharges during the fiscal year 
                of the Foundation for which the audit is conducted were 
                for authorized purposes.
            (3) Responsibility of foundation to account for 
        expenditures of surcharges.--The Foundation shall take 
        appropriate steps, as a condition for receiving any payment of 
        any amount derived from the proceeds of any surcharge imposed 
        on the sale of coins issued under this Act, to ensure that the 
        receipt of the payment and the expenditure of the proceeds of 
        such surcharge by the Foundation in each fiscal year of the 
        Foundation can be accounted for separately from all other 
        revenues and expenditures of the Foundation.
            (4) Submission of audit report.--Not later than 90 days 
        after the end of any fiscal year of the Foundation for which an 
        audit is required under paragraph (1), the Foundation shall--
                    (A) submit a copy of the report to the Secretary; 
                and
                    (B) make a copy of the report available to the 
                public.
            (5) Use of surcharges for audits.--The Foundation may use 
        any amount received from payments derived from the proceeds of 
        any surcharge imposed on the sale of coins issued under this 
        Act to pay the cost of an audit required under paragraph (1).
            (6) Waiver of subsection.--The Secretary may waive the 
        application of any paragraph of this subsection to the 
        Foundation for any fiscal year after taking into account the 
        amount of surcharges which such Foundation received or expended 
        during such year.
            (7) Availability of books and records.--The Foundation 
        shall provide, as a condition for receiving any payment derived 
        from the proceeds of any surcharge imposed on the sale of coins 
        issued under this Act, to the Inspector General of the 
        Department of the Treasury or the Comptroller General of the 
        United States, upon the request of such Inspector General or 
        the Comptroller General, all books, records, and workpapers 
        belonging to or used by the Foundation, or by any independent 
        public accountant who audited the Foundation in accordance with 
        paragraph (1), which may relate to the receipt or expenditure 
        of any such amount by the Foundation.
    (c) Use of Agents or Attorneys to Influence Commemorative Coin 
Legislation.--No portion of any payment to the Foundation from amounts 
derived from the proceeds of surcharges imposed on the sale of coins 
issued under this Act may be used, directly or indirectly, by the 
Foundation to compensate any agent or attorney for services rendered to 
support or influence in any way legislative action of the Congress 
relating to the coins minted and issued under this Act.