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103D CONGRESS

1ST SESSION H. R. 789

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

of the 250th anniversary of the birth of Thomas Jefferson.

IN THE HOUSE OF REPRESENTATIVES

FEBRUARY 3, 1993

Mr. PAYNE of Virginia (for himself, Mr. BLILEY, Mr. BATEMAN, Mr. BOUCHER, Mrs. BYRNE, Mr. GOODLATTE, Mr. MORAN, Mr. PICKETT, Mr.

SCOTT, Mr. SISISKY, and Mr. WOLF) 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 250th anniversary of the birth

of Thomas Jefferson.

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 ‘‘Jefferson Commemora5 tive Coin Act of 1993’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) ONE-DOLLAR SILVER COINS.—

8 (1) ISSUANCE.—The Secretary of the Treasury

9 (hereafter in this Act referred to as the ‘‘Secretary’’)
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1 shall issue not more than 600,000 one-dollar coins,

2 which shall weigh 26.73 grams, have a diameter of

3 1.500 inches, and contain 90 percent silver and 10

4 percent copper.

5 (2) DESIGN.—The design of the coins issued

6 under this Act shall be emblematic of a Jefferson

7 profile and frontal view of his home Monticello. On

8 each coin there shall be a designation of the value

9 of the coin, an inscription of the year ‘‘1993’’, and

10 inscriptions of the words ‘‘Liberty’’, ‘‘In God We

11 Trust’’, ‘‘United States of America’’, and ‘‘E

12 Pluribus Unum’’.

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

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

15 title 31, United States Code.

16 SEC. 3. SOURCES OF BULLION.

17 The Secretary shall obtain silver for the coins minted

18 under this Act only from stockpiles established under the

19 Strategic and Critical Minerals Stock Piling Act (50

20 U.S.C. 98 et seq.).

21 SEC. 4. SELECTION OF DESIGN.

22 Subject to section 2(a)(2), the design for the coins

23 authorized by this Act shall be selected by the Secretary

24 after consultation with the Executive Director of the

25 Thomas Jefferson Memorial Foundation and the Commis-
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1 sion of Fine Arts. As required by section 5135 of title 31,

2 United States Code, the design shall also be reviewed by

3 the Citizens Commemorative Advisory Committee.

4 SEC. 5. ISSUANCE OF COINS.

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

6 Act shall be issued in uncirculated and proof qualities.

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

8 States Mint may be used to strike any particular quality

9 of the coins minted under this Act.

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

11 issue coins minted under this Act during the period begin12 ning on July 4, 1993, and ending on July 4, 1994.

13 SEC. 6. SALE OF COINS.

14 (a) SALE PRICE.—The coins authorized under this

15 Act shall be sold by the Secretary at a price equal to the

16 sum of the face value of the coins, the surcharge provided

17 in subsection (c) with respect to such coins, and the cost

18 of designing and issuing the coins (including labor, mate19 rials, dies, use of machinery, overhead expenses, market20 ing, and shipping).

21 (b) PREPAID ORDERS.—The Secretary shall accept

22 prepaid orders for the coins authorized under this Act

23 prior to the issuance of such coins. Sale prices with respect

24 to such prepaid orders shall be at a reasonable discount.
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1 (c) SURCHARGES.—All sales shall include a surcharge

2 of $10 per coin.

3 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA4 TIONS.

5 No provision of law governing procurement or public

6 contracts shall be applicable to the procurement of goods

7 or services necessary for carrying out the provisions of this

8 Act. Nothing in this section shall relieve any person enter9 ing into a contract under the authority of this Act from

10 complying with any law relating to equal employment op11 portunity.

12 SEC. 8. DISTRIBUTION OF SURCHARGES.

13 All surcharges received by the Secretary from the sale

14 of coins issued under this Act shall be promptly paid by

15 the Secretary—

16 (1) in the case of surcharges received in connec17 tion with the sale of the first 500,000 coins issued,

18 to the Jefferson Endowment Fund, to be used—

19 (A) to establish and maintain an endow20 ment to be a permanent source of support for

21 Monticello and its historic furnishings; and

22 (B) for the Jefferson Endowment Fund’s

23 educational programs, including the Inter24 national Center for Jefferson Studies; and
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1 (2) in the case of surcharges received in connec2 tion with the sale of all other such coins, to the Cor3 poration for Jefferson’s Poplar Forest, to be used

4 for the restoration and maintenance of Poplar For5 est.

6 SEC. 9. AUDITS.

7 The Comptroller General of the United States shall

8 have the right to examine such books, records, documents,

9 and other data of the entities specified in section 8, as

10 may be related to the expenditures of amounts paid under

11 section 8.

12 SEC. 10. NUMISMATIC PUBLIC ENTERPRISE FUND.

13 The coins issued under this Act are subject to the

14 provisions of section 5134 of title 31, United States Code,

15 the Numismatic Public Enterprise Fund.

16 SEC. 11. FINANCIAL ASSURANCES.

17 It is the sense of the Congress that this coin program

18 shall be self-sustaining, and should be administered to re19 sult in no net cost to the Numismatic Public Enterprise

20 Fund.

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