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103D CONGRESS

1ST SESSION H. R. 982

To provide for the minting of coins to commemorate the World University

Games.

IN THE HOUSE OF REPRESENTATIVES

FEBRUARY 18, 1993

Mr. LAFALCE (for himself, Mr. PAXON, Mr. QUINN, Ms. SLAUGHTER, and

Mr. HOUGHTON) introduced the following bill; which was referred to the

Committee on Banking, Finance and Urban Affairs

A BILL

To provide for the minting of coins to commemorate the

World University Games.

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 ‘‘World University

5 Games Commemorative Coin Act of 1993’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) FIVE-DOLLAR GOLD COINS.—

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

9 (hereinafter in this Act referred to as the ‘‘Sec-
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1 retary’’) shall issue not more than 200,000 five-dol2 lar coins which shall—

3 (A) weigh 8.359 grams;

4 (B) have a diameter of 0.850 inches; and

5 (C) contain 90 percent gold and 10 percent

6 alloy.

7 (2) DESIGN.—The design of such five-dollar

8 coins shall be emblematic of the participation of

9 American athletes in the World University Games.

10 On each such coin there shall be a designation of the

11 value of the coin, an inscription of the year ‘‘1993’’,

12 and inscriptions of the words ‘‘Liberty’’, ‘‘In God

13 We Trust’’, ‘‘United States of America’’, and ‘‘E

14 Pluribus Unum’’.

15 (b) ONE-DOLLAR SILVER COINS.—

16 (1) ISSUANCE.—The Secretary shall issue not

17 more than 750,000 one-dollar coins which shall—

18 (A) weigh 26.73 grams;

19 (B) have a diameter of 1.500 inches; and

20 (C) contain 90 percent silver and 10 per21 cent copper.

22 (2) DESIGN.—The design of such dollar coins

23 shall be emblematic of the participation of American

24 athletes in the World University Games. On each

25 such coin there shall be a designation of the value
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1 of the coin, an inscription of the year ‘‘1993’’, and

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

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

4 Pluribus Unum’’.

5 (c) LEGAL TENDER.—The coins issued under this

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

7 title 31, United States Code.

8 SEC. 3. SOURCES OF BULLION.

9 (a) SILVER BULLION.—The Secretary shall obtain

10 silver for the coins minted under this Act only from stock11 piles established under the Strategic and Critical Mate12 rials Stock Piling Act (50 U.S.C. 98 et seq.).

13 (b) GOLD BULLION.—The Secretary shall obtain gold

14 for the coins minted under this Act pursuant to the au15 thority of the Secretary under existing law.

16 SEC. 4. SELECTION OF DESIGN.

17 The design for each coin authorized by this Act shall

18 be selected by the Secretary, after consultation with the

19 Greater Buffalo Athletic Corporation and the Commission

20 of Fine Arts. As required under section 5135 of title 31,

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

22 the Citizens Commemorative Advisory Committee.

23 SEC. 5. SALE OF THE COINS.

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

25 shall be sold by the Secretary at a price equal to the face
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1 value, plus the cost of designing and issuing such coins

2 (including labor, materials, dies, use of machinery, and

3 overhead expenses).

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

5 sales at a reasonable discount.

6 (c) PREPAID ORDERS AT A DISCOUNT.—The Sec7 retary shall accept prepaid orders for the coins prior to

8 the issuance of such coins. Sales under this subsection

9 shall be at a reasonable discount.

10 (d) SURCHARGE REQUIRED.—All sales shall include

11 a surcharge of $35 per coin for the five-dollar coins and

12 $7 per coin for the one-dollar coins.

13 SEC. 6. ISSUANCE OF THE COINS.

14 (a) GOLD COINS.—The five-dollar coins authorized

15 under this Act shall be issued in uncirculated and proof

16 qualities and shall be struck at the United States Bullion

17 Depository at West Point.

18 (b) SILVER COINS.—The one-dollar coins authorized

19 under this Act may be issued in uncirculated and proof

20 qualities, except that not more than 1 facility of the Unit21 ed States Mint may be used to strike each such quality.

22 (c) COMMENCEMENT OF ISSUANCE.—The coins au23 thorized and minted under this Act may be issued begin24 ning on July 1, 1993.
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1 (d) TERMINATION OF AUTHORITY.—Coins may not

2 be minted under this Act after June 30, 1994.

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 which are received by the Secretary

14 from the sale of coins issued under this Act shall be

15 promptly paid by the Secretary to the Greater Buffalo

16 Athletic Corporation. Such amounts shall be used by the

17 Greater Buffalo Athletic Corporation to support local or

18 community amateur athletic programs, to erect facilities

19 for the use of such athletes, and to underwrite the cost

20 of sponsoring the World University Games.

21 SEC. 9. AUDITS.

22 The Comptroller General shall have the right to ex23 amine such books, records, documents, and other data of

24 the Greater Buffalo Athletic Corporation as may be relat25 ed to the expenditures of amounts paid under section 8.
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1 SEC. 10. NUMISMATIC PUBLIC ENTERPRISE FUND.

2 The coins issued under this Act are subject to the

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

4 relating to the Numismatic Public Enterprise Fund.

5 SEC. 11. FINANCIAL ASSURANCES.

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

7 should be self-sustaining and should be administered in

8 a manner that results in no net cost to the Numismatic

9 Public Enterprise Fund.

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