I

103D CONGRESS

1ST SESSION H. R. 3372

To provide for the minting of coins in commemoration of the 50th Anniversary

of the Liberation of Guam and the Northern Mariana Islands, and

for other purposes.

IN THE HOUSE OF REPRESENTATIVES

OCTOBER 26, 1993

Mr. UNDERWOOD (for himself, Mr. ABERCROMBIE, Mr. DE LUGO, Mr. EDWARDS of California, Mr. FALEOMAVAEGA, Mr. FROST, Mr. GALLEGLY,

Ms. NORTON, Mr. KING, Mr. LIPINSKI, Mrs. MEEK, Mrs. MINK, Mr.

MURPHY, and Mr. SERRANO) 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 in commemoration of

the 50th Anniversary of the Liberation of Guam and

the Northern Mariana Islands, and for other purposes.

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 ‘‘Guam and the North5 ern Marianas Commemorative Coin Act’’.
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1 SEC. 2. COIN SPECIFICATIONS.

2 (a) ISSUANCE.—The Secretary of the Treasury (here3 after in this Act referred to as the ‘‘Secretary’’) shall issue

4 not more than 1,500,000 one dollar coins which shall—

5 (1) weigh 26.73 grams;

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

7 (3) contain 90 percent silver and 10 percent

8 copper.

9 (b) DESIGN.—The design of the coins authorized

10 under subsection (a) shall be emblematic of the heroism

11 of the American forces that liberated Guam and the

12 Northern Mariana Islands in World War II. On each such

13 coin there shall be a designation of the value of the coin,

14 an inscription of the years ‘‘1944–1994’’, and inscriptions

15 of the words ‘‘Mariana Islands’’, ‘‘Liberty’’, ‘‘In God We

16 Trust’’, ‘‘United States of America’’, and ‘‘E Pluribus

17 Unum’’.

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

19 Act shall be legal tender as provided in section 5103 of

20 title 31, United States Code.

21 (d) NUMISMATIC ITEMS.—The coins issued under

22 this Act shall be considered numismatic items for purposes

23 of section 5134 of title 31, United States Code.
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1 SEC. 3. SOURCES OF BULLION.

2 The Secretary shall obtain silver for the coins minted

3 under this title from stockpiles established under the Stra4 tegic and Critical Minerals Stock Piling Act.

5 SEC. 4. SELECTION OF DESIGN.

6 The design for each coin authorized under this Act

7 shall be selected by the Secretary after consultation with

8 the Delegate from Guam to Congress and the Resident

9 Representative of the Commonwealth of the Northern

10 Mariana Islands.

11 SEC. 5. SALE OF COINS.

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

13 shall be sold by the Secretary at a price equal to the face

14 value, plus the cost of designing and issuing such coins

15 (including labor, materials, dies, use of machinery, over16 head expenses, marketing and shipping), and the sur17 charge provided for in subsection (d).

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

19 sales at a reasonable account.

20 (c) PREPAID ORDERS.—The Secretary shall accept

21 prepaid orders for the coins issued under this Act prior

22 to the issuance of such coins. Sales under this subsection

23 shall be at a reasonable discount.

24 (d) SURCHARGE REQUIRED.—All sales of coins is25 sued under this Act shall include a surcharge of $10 per

26 coin.
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1 SEC. 6. USE OF SURCHARGES.

2 The surcharges received by the Secretary from the

3 sale of the coins issued under this Act shall be made avail4 able or paid to the Secretary of the Interior for the follow5 ing purposes:

6 (1) AMOUNTS TO BE MADE AVAILABLE FOR

7 THE CONSTRUCTION OF A VISITORS CENTER AND

8 MUSEUM ON GUAM.—The Secretary of the Treasury

9 shall make available to the Secretary of the Interior

10 all funds from such surcharges as may be necessary

11 to construct a visitors center and museum at the

12 War in the Pacific National Historical Park on

13 Guam.

14 (2) AMOUNTS TO BE MADE AVAILABLE FOR

15 THE CONSTRUCTION OF A VISITORS CENTER AND

16 MUSEUM ON SAIPAN.—The Secretary of the Treas17 ury shall make available to the Secretary of the Inte18 rior all funds from such surcharges as may be nec19 essary to construct a visitors center and museum at

20 the American Memorial Park on Saipan.

21 SEC. 7. ISSUANCE OF THE COINS.

22 (a) PERIOD FOR ISSUANCE.—The Secretary shall

23 make every effort to issue the coins under this Act by July

24 21, 1994. The coins shall be made available for issue dur25 ing the 1-year period beginning on the date the coins are

26 first issued.
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1 (b) PROOF AND UNCIRCULATED COINS.—The coins

2 authorized under this Act shall be issued in uncirculated

3 and proof qualities.

4 SEC. 8. GENERAL WAIVER OF PROCUREMENT REGULA5 TIONS.

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

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

8 contracts shall be applicable to the procurement of goods

9 or services required to carry out this Act.

10 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub11 section (a) shall not relieve any person entering into a con12 tract under the authority of this Act from complying with

13 any law relating to equal employment opportunity.

14 SEC. 9. FINANCIAL ASSURANCE.

15 (a) NO NET COST TO THE GOVERNMENT.—The Sec16 retary shall take such actions as may be necessary to en17 sure that the minting and issuance of the coins referred

18 to in section 2 shall not result in any net cost to the Fed19 eral Government.

20 (b) PAYMENT FOR COINS.—No coin shall be issued

21 under this Act unless the Secretary has received—

22 (1) full payment for such coin;

23 (2) security satisfactory to the Secretary to in24 demnify the United States for full payment; or
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1 (3) a guarantee of full payment satisfactory to

2 the Secretary from a depository institution whose

3 deposits are insured by the Federal Government.

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