I

103D CONGRESS

2D SESSION H. R. 4464

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

of the Program on Social Ethics and Community Service.

IN THE HOUSE OF REPRESENTATIVES

MAY 20, 1994

Mr. KENNEDY (for himself, Mr. GINGRICH, and Mr. PETERSON of Florida)

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 Program on Social Ethics and

Community Service.

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 ‘‘National Community

5 Service 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 coins to
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1 commemorate students who volunteer to perform commu2 nity service, which shall—

3 (1) weigh 26.73 grams;

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

5 (3) contain 90 percent silver and 10 percent

6 copper.

7 (b) LEGAL TENDER.—The coins issued under this

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

9 title 31, United States Code.

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

11 5134 of title 31, United States Code, all coins minted

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

13 SEC. 3. SOURCES OF BULLION.

14 The Secretary shall obtain silver for the coins minted

15 under this Act only from stockpiles established under the

16 Strategic and Critical Minerals Stock Piling Act.

17 SEC. 4. DESIGN OF COINS.

18 (a) DESIGN REQUIREMENTS.—

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

20 minted under this Act shall be emblematic of com21 munity services provided by student volunteers.

22 (2) DESIGNATION AND INSCRIPTIONS.—On

23 each coin minted under this Act there shall be—

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

25 (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 authorized

5 by this Act shall be—

6 (1) selected by the Secretary after consultation

7 with the National Community Service Trust and the

8 Commission of Fine Arts; and

9 (2) reviewed by the Citizens Commemorative

10 Coin Advisory Committee.

11 SEC. 5. ISSUANCE OF COINS.

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

13 Act shall be issued in uncirculated and proof qualities.

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

15 States Mint may be used to strike any particular quality

16 of the coins minted under this Act.

17 (c) PERIOD FOR ISSUANCE.—The Secretary shall

18 issue coins minted under this Act for a period of not less

19 than 6 months and not more than 12 months, beginning

20 no later than August 1, 1996.

21 SEC. 6. SALE OF COINS.

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

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

24 of—

25 (1) the face value of the coins;
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1 (2) the surcharge provided in subsection (c)

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 $10 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.

6 (a) IN GENERAL.—All surcharges received by the

7 Secretary from the sale of coins issued under this Act shall

8 be promptly paid by the Secretary to the National Com9 munity Service Trust for the purpose of funding innova10 tive community service programs at American universities,

11 including the service, research, and teaching activities of

12 faculty and students involved in such programs.

13 (b) AUDITS.—The Comptroller General of the United

14 States shall have the right to examine such books, records,

15 documents, and other data of the National Community

16 Service Trust as may be related to the expenditures of

17 amounts paid under subsection (a).

18 SEC. 9. FINANCIAL ASSURANCES.

19 (a) NO NET COST TO THE GOVERNMENT.—The Sec20 retary shall take such actions as may be necessary to en21 sure that minting and issuing coins under this Act will

22 not result in any net cost to the United States Govern23 ment.

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

25 under this Act unless the Secretary has received—
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1 (1) full payment for the coin;

2 (2) security satisfactory to the Secretary to in3 demnify the United States for full payment; or

4 (3) a guarantee of full payment satisfactory to

5 the Secretary from a depository institution whose

6 deposits are insured by the Federal Deposit Insur7 ance Corporation or the National Credit Union

8 Administration Board.

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