George C. Marshall Commemorative Coin Act of 1993

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``George C. Marshall Commemorative 
Coin Act of 1993''.

SEC. 2. GEORGE C. MARSHALL COMMEMORATIVE COINS.

    (a) One-Dollar Silver Coins.--
            (1) Issuance.--The Secretary of the Treasury (hereafter in 
        this Act referred to as the ``Secretary'') shall mint and issue 
        not more than 500,000 $1 coins in commemoration of the end of 
        World War II and General George C. Marshall's participation in 
        service during World War II.
            (2) Specifications and design of coins.--The coins issued 
        under this Act 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) Design.--The design of the coins issued under this Act 
        shall have the likeness of George C. Marshall on obverse side 
        of such coin. On each coin there shall be a designation of the 
        value of the coin, an inscription of the year ``1995'', and 
        inscriptions of the words ``Liberty'', ``In God We Trust'', 
        ``United States of America'', and ``E Pluribus Unum''.
    (b) Legal Tender.--The coins issued 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 5132(a)(1) of title 
31, United States Code, the coins minted under this Act shall be 
considered to be numismatic items.

SEC. 3. SOURCES OF BULLION.

    The Secretary shall obtain silver for the coins minted under this 
Act only from stockpiles established under the Strategic and Critical 
Materials Stock Piling Act.

SEC. 4. SELECTION OF DESIGN.

    The design for the coins authorized by this Act shall be--
            (1) selected by the Secretary after consultation with the 
        Friends of George C. Marshall and the Commission of Fine Arts; 
        and
            (2) reviewed by the Citizens Commemorative Advisory 
        Committee.

SEC. 5. MINTING AND ISSUANCE OF COINS.

    (a) Uncirculated and Proof Qualities.--The Secretary may mint and 
issue the coins authorized under this Act in uncirculated and proof 
qualities.
    (b) Use of the United States Mint.--The Secretary may not use more 
than 1 facility of the United States Mint to strike each quality of the 
coins minted under this Act.
    (c) Commencement of Authority To Sell Coins.--The Secretary may 
begin selling the coins minted under this Act on January 1, 1995.
    (d) Termination of Authority To Mint Coins.--The Secretary may not 
mint the coins authorized under this Act after December 31, 1995.

SEC. 6. SALE OF COINS.

    (a) Sale Price.--The coins authorized 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 provided in subsection (c) with respect to such 
coins, and 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 any bulk sales of the 
coins issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--The Secretary shall accept prepaid orders for 
the coins authorized under this Act before the issuance of such coins. 
Sale prices with respect to such repaid orders shall be at a reasonable 
discount.
    (d) Surcharges.--All sales shall include a surcharge of $7 per 
coin.

SEC. 7. DISTRIBUTION OF SURCHARGES.

    All surcharges received by the Secretary from the sale of coins 
issued under this Act shall be promptly paid by the Secretary to the 
Friends of George C. Marshall to be used solely for the construction of 
the George C. Marshall Memorial and Visitor Center in Uniontown, 
Pennsylvania.

SEC. 8. AUDITS.

    The Comptroller General of the United States shall conduct an 
annual audit of such books, records, documents, and other data of the 
Friends of George C. Marshall, as may be related to the expenditures of 
amounts paid under section 7 until all amounts have been received by 
the Friends of George C. Marshall and the expenditures of such amounts 
have been audited.

SEC. 9. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that the minting and issuance of 
the coins authorized under this Act shall result in no net costs to the 
Federal Government.
    (b) Payments for the Coins.--The Secretary may not sell a coin 
minted under this Act unless the Secretary has received--
            (1) full payment for such coin;
            (2) security satisfactory to the Secretary to indemnify the 
        Federal Government 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. 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.

Summary: George C. Marshall Commemorative Coin Act of 1993 - Directs the Secretary of the Treasury to: (1) mint and issue one-dollar silver coins in commemoration of the end of World War II and General George C. Marshall's participation in service during such War. And (2) pay surcharges received from coin sales to the Friends of George C. Marshall to be used solely for the construction of the George C. Marshall Memorial and Visitor Center in Uniontown, Pennsylvania.