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103D CONGRESS

2D SESSION H. R. 4381

To require the Secretary of the Treasury to mint coins in commemoration

of the 50th anniversary of the United States Navy Blue Angels.

IN THE HOUSE OF REPRESENTATIVES

MAY 10, 1994

Mr. HUTTO introduced the following bill; which was referred to the Committee

on Banking, Finance and Urban Affairs

A BILL

To require the Secretary of the Treasury to mint coins

in commemoration of the 50th anniversary of the United

States Navy Blue Angels.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘United States Navy

5 Blue Angels Commemorative Coin Act’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) $1 SILVER COINS.—The Secretary of the Treas8 ury (hereafter in this Act referred to as the ‘‘Secretary’’)

9 shall mint and issue not more than 500,000 1 dollar coins,

10 which shall—
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1 (1) weigh 26.73 grams;

2 (2) have a diameter of 1.500 inches; and

3 (3) contain 90 percent silver and 10 percent

4 copper.

5 (b) LEGAL TENDER.—The coins minted under this

6 Act shall be legal tender, as provided in section 5103 of

7 title 31, United States Code.

8 (c) NUMISMATIC ITEMS.—For purposes of section

9 5134 of title 31, United States Code, all coins minted

10 under this Act shall be considered to be numismatic items.

11 SEC. 3. SOURCES OF BULLION.

12 The Secretary shall obtain silver for minting coins

13 under this Act only from stockpiles established under the

14 Strategic and Critical Materials Stock Piling Act.

15 SEC. 4. DESIGN OF COINS.

16 (a) DESIGN REQUIREMENTS.—

17 (1) IN GENERAL.—The design of the coins

18 minted under this Act shall be emblematic of the

19 United States Navy Blue Angels.

20 (2) DESIGNATION AND INSCRIPTIONS.—On

21 each coin minted under this Act there shall be—

22 (A) a designation of the value of the coin;

23 (B) an inscription of the year ‘‘1996’’; and
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1 (C) inscriptions of the words ‘‘Liberty’’,

2 ‘‘In God We Trust’’, ‘‘United States of Amer3 ica’’, and ‘‘E Pluribus Unum’’.

4 (b) SELECTION.—The design for the coins minted

5 under this Act shall be—

6 (1) selected by the Secretary after consultation

7 with the Commission of Fine Arts; and

8 (2) reviewed by the Citizens Commemorative

9 Coin Advisory Committee.

10 SEC. 5. ISSUANCE OF COINS.

11 (a) QUALITY OF COINS.—Coins minted under this

12 Act shall be issued in uncirculated and proof qualities.

13 (b) MINT FACILITY.—Only 1 facility of the United

14 States Mint may be used to strike any particular quality

15 of the coins minted under this Act.

16 (c) PERIOD FOR ISSUANCE.—The Secretary may

17 issue coins minted under this Act only during the period

18 beginning on January 1, 1996, and ending on December

19 31, 1996.

20 SEC. 6. SALE OF COINS.

21 (a) SALE PRICE.—The coins issued under this Act

22 shall be sold by the Secretary at a price equal to the sum

23 of—

24 (1) the face value of the coins;
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1 (2) the surcharge provided in subsection (d)

2 with respect to such coins; and

3 (3) the cost of designing and issuing the coins

4 (including labor, materials, dies, use of machinery,

5 overhead expenses, marketing, and shipping).

6 (b) BULK SALES.—The Secretary shall make bulk

7 sales of the coins issued under this Act at a reasonable

8 discount.

9 (c) PREPAID ORDERS.—

10 (1) IN GENERAL.—The Secretary shall accept

11 prepaid orders for the coins minted under this Act

12 before the issuance of such coins.

13 (2) DISCOUNT.—Sale prices with respect to pre14 paid orders under paragraph (1) shall be at a rea15 sonable discount.

16 (d) SURCHARGES.—All sales shall include a sur17 charge of $8 per coin.

18 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA19 TIONS.

20 (a) IN GENERAL.—Except as provided in subsection

21 (b), no provision of law governing procurement or public

22 contracts shall be applicable to the procurement of goods

23 and services necessary for carrying out the provisions of

24 this Act.
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1 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub2 section (a) shall not relieve any person entering into a con3 tract under the authority of this Act from complying with

4 any law relating to equal employment opportunity.

5 SEC. 8. DISTRIBUTION OF SURCHARGES TO REDUCE THE

6 NATIONAL DEBT.

7 All surcharges received by the Secretary from the sale

8 of coins issued under this Act shall be promptly trans9 ferred by the Secretary to the general fund of the Treas10 ury for the purpose of reducing the national debt.

11 SEC. 9. FINANCIAL ASSURANCES.

12 (a) NO NET COST TO THE GOVERNMENT.—The Sec13 retary shall take such actions as may be necessary to en14 sure that minting and issuing coins under this Act will

15 not result in any net cost to the United States Govern16 ment.

17 (b) PAYMENT FOR COINS.—A coin shall not be issued

18 under this Act unless the Secretary has received—

19 (1) full payment for the coin;

20 (2) security satisfactory to the Secretary to in21 demnify the United States for full payment; or

22 (3) a guarantee of full payment satisfactory to

23 the Secretary from a depository institution whose

24 deposits are insured by the Federal Deposit Insur-
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1 ance Corporation or the National Credit Union Ad2 ministration Board.

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