National Park Service 100th Anniversary Commemorative Coin Act

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Park Service 100th 
Anniversary Commemorative Coin Act''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) In 1916, Congress established the National Park Service 
        as a bureau within the Department of the Interior to administer 
        America's great national parks and monuments as a unified 
        National Park System.
            (2) From 1916 to the present, the National Park System has 
        grown from 37 park units with 6,000,000 acres of land in the 
        western United States to more than 395 units with 84,000,000 
        acres of land in nearly all States and territories.
            (3) The responsibilities of the National Park Service have 
        grown to include--
                    (A) managing national historic trails and national 
                scenic trails;
                    (B) administering wild and scenic rivers;
                    (C) recognizing America's most significant historic 
                resources through the National Register of Historic 
                Places and the National Historic Landmark program;
                    (D) providing historic preservation grants; and
                    (E) assisting communities in meeting their 
                preservation, conservation, and recreation needs.
            (4) The National Park Service Organic Act of 1916, which 
        established the National Park Service, remains the preeminent 
        law guiding the management of parks and articulating the 
        Service's core mission, ``to conserve the scenery and the 
        natural and historic objects and the wild life therein and to 
        provide for the enjoyment of the same in such manner and by 
        such means as will leave them unimpaired for the enjoyment of 
        future generations''.
            (5) The 100th anniversary of the National Park Service in 
        2016 will be an occasion to celebrate a century of American 
        vision and achievement in identifying and preserving our 
        Nation's special places for the benefit of everyone and the 
        culmination of 100 years of accomplishment by the National Park 
        Service's employees, partners, and volunteers. It will also 
        mark the beginning of the organization's second century of 
        service to the American people as environmental leaders and 
        vigilant stewards of the Nation's treasured places and stories.
            (6) Coins commemorating the 100th anniversary of the 
        National Park Service will bring national and international 
        attention to the National Park System and to the legacy 
        Congress left in 1916 when it established a Federal agency to 
        ensure the protection of our Nation's most treasured natural 
        and cultural resources for all time.
            (7) The proceeds from a surcharge on the sale of 
        commemorative coins will assist the financing of the needs of 
        the National Park Service's parks and programs, helping to 
        ensure that our Nation's great natural and cultural resources 
        will endure for generations to come.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--The Secretary of the Treasury (hereafter in 
this Act referred to as the ``Secretary'') shall mint and issue the 
following coins:
            (1) $5 gold coins.--Not more than 100,000 $5 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 500,000 $1 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.
            (3) Half dollar clad coins.--Not more than 750,000 half 
        dollar coins, which shall--
                    (A) weigh 11.34 grams;
                    (B) have a diameter of 1.205 inches; and
                    (C) be minted to the specifications for half dollar 
                coins, contained in section 5112(b) of title 31, United 
                States Code.
    (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 the 100th anniversary of the 
        National Park Service.
            (2) Designation and inscriptions.--On each coin minted 
        under this Act there shall be--
                    (A) a designation of the face value of the coin;
                    (B) an inscription of the year ``2016''; 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--
                    (A) the National Park Service;
                    (B) the National Park Foundation; and
                    (C) 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) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the period beginning on January 1, 2016, and 
ending on December 31, 2016.

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 section 7(a) with respect to 
        the 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.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins minted under this Act shall 
include a surcharge as follows:
            (1) A surcharge of $35 per coin for the $5 coin.
            (2) A surcharge of $10 per coin for the $1 coin.
            (3) A surcharge of $5 per coin for the half dollar coin.
    (b) Distribution.--
            (1) In general.--Subject to section 5134(f) of title 31, 
        United States Code, all surcharges which are received by the 
        Secretary from the sale of coins issued under this Act shall be 
        promptly paid by the Secretary to the National Park Foundation 
        for projects and programs that help preserve and protect 
        resources under the stewardship of the National Park Service 
        and promote public enjoyment and appreciation of those 
        resources.
            (2) Prohibition on land acquisition.--Surcharges paid to 
        the National Park Foundation pursuant to paragraph (1) may not 
        be used for land acquisition.
    (c) Audits.--The National Park Foundation shall be subject to the 
audit requirements of section 5134(f)(2) of title 31, United States 
Code, with regard to the amounts received by the Foundation under 
subsection (b).
    (d) Limitations.--Notwithstanding subsection (a), no surcharge may 
be included with respect to the issuance under this Act of any coin 
during a calendar year if, as of the time of such issuance, the 
issuance of such coin would result in the number of commemorative coin 
programs issued during such year to exceed the annual 2 commemorative 
coin program issuance limitation under section 5112(m)(1) of title 31, 
United States Code (as in effect on the date of the enactment of this 
Act). The Secretary of the Treasury may issue guidance to carry out 
this subsection.

SEC. 8. FINANCIAL ASSURANCES.

    The Secretary shall take such actions as may be necessary to ensure 
that--
            (1) minting and issuing coins under this Act will not 
        result in any net cost to the United States Government; and
            (2) no funds, including applicable surcharges, shall be 
        disbursed to any recipient designated in section 7 until the 
        total cost of designing and issuing all of the coins authorized 
        by this Act (including labor, materials, dies, use of 
        machinery, overhead expenses, marketing, and shipping) is 
        recovered by the United States Treasury, consistent with 
        sections 5112(m) and 5134(f) of title 31, United States Code.

SEC. 9. BUDGET COMPLIANCE.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the Committee on the Budget of the House of 
Representatives, provided that such statement has been submitted prior 
to the vote on passage.

            Passed the House of Representatives April 29, 2014.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.

Summary: National Park Service 100th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue gold, silver, and half-dollar clad coins in commemoration of the 100th anniversary of the establishment of the National Park Service (NPS). Authorizes the issuance of coins under this Act only for a one-year period, beginning on January 1, 2016. Requires the Secretary to make bulk sales of the coins issued under this Act at a reasonable discount. Requires all sales of coins minted under this Act to include a surcharge of $35 per gold coin, $10 per silver coin, and $5 per half-dollar clad coin. Requires all of the surcharges received from the sale of such coins to be paid to the National Park Foundation for projects and programs to help preserve and protect resources under the stewardship of the NPS and to promote public enjoyment and appreciation of those resources. Prohibits the surcharges paid to the Foundation from being used for land acquisition. Directs the Secretary to take actions to ensure that: (1) minting and issuing such coins will not result in any net cost to the US government. And (2) no funds will be disbursed to the recipients designated in this Act until the total cost of designing and issuing such coins is recovered by the Treasury.