I

103D CONGRESS

2D SESSION H. R. 3879

To authorize the minting of coins to commemorate the 1995 Special Olympics

World Games.

IN THE HOUSE OF REPRESENTATIVES

FEBRUARY 23, 1994

Ms. DELAURO (for herself, Mrs. KENNELLY, Mr. GEJDENSON, Mrs. JOHNSON

of Connecticut, Mr. FRANKS of Connecticut, Mr. SHAYS, Mr. WISE, Ms.

EDDIE BERNICE JOHNSON of Texas, Mrs. MEEK, Mr. DURBIN, Mr.

KOPETSKI, Mr. VOLKMER, Mr. MCCLOSKEY, Mr. POSHARD, Mr. HAMBURG, Mr. SABO, Mr. SCOTT, Mr. COPPERSMITH, Mr. FIELDS of Louisiana, Mr. TORRES, Mr. FAZIO, Ms. VELA ́ZQUEZ, Ms. PELOSI, Mr. OLVER,

Mr. HOYER, Mrs. MORELLA, Ms. KAPTUR, Mrs. SCHROEDER, Ms.

SLAUGHTER, Mr. BLACKWELL, Mr. PETE GEREN of Texas, Mr. GEPHARDT, Mr. CRAMER, Mr. VISCLOSKY, Mr. TORRICELLI, Mr. REED, Mr.

KREIDLER, Mr. MURPHY, Mr. FRANK of Massachusetts, Mr. MILLER of

California, Mr. FOGLIETTA, Mr. SERRANO, Mr. BISHOP, Mr. ENGEL, Mr.

FARR of California, Ms. ESHOO, Ms. WOOLSEY, Mrs. LOWEY, Mr.

SKAGGS, Ms. WATERS, Ms. ENGLISH of Arizona, Mr. PASTOR, Mr.

CLEMENT, Ms. ROYBAL-ALLARD, Mr. SAWYER, Mrs. UNSOELD, Ms.

SHEPHERD, Mrs. CLAYTON, Mr. LEWIS of Georgia, Mr. BACCHUS of

Florida, Mr. BORSKI, Mr. HOLDEN, Mr. LEACH, and Mr. KLECZKA) introduced the following bill; which was referred to the Committee on

Banking, Finance and Urban Affairs

A BILL

To authorize the minting of coins to commemorate the 1995

Special Olympics World Games.

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

2 This Act may be cited as the ‘‘1995 Special Olympics

3 World Games Commemorative Coin Act’’.

4 SEC. 2. COIN SPECIFICATIONS.

5 (a) ONE DOLLAR SILVER COINS.—

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

7 (hereafter in this Act referred to as the ‘‘Secretary’’)

8 shall issue not more than 800,000 $1 coins, which

9 shall weigh 26.73 grams, have a diameter of 1.500

10 inches, and shall contain 90 percent silver and 10

11 percent copper.

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

13 under this Act shall be emblematic of the 1995 Spe14 cial Olympics World Games. On each such coin there

15 shall be a designation of the value of the coin, an

16 inscription of the year ‘‘1995’’, and inscriptions of

17 the words ‘‘Liberty’’, ‘‘In God We Trust’’, ‘‘United

18 States of America’’, and ‘‘E Pluribus Unum’’.

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

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

21 title 31, United States Code.

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

23 5132(a)(1) of title 31, United States Code, all coins mint24 ed under this Act shall be considered to be numismatic

25 items.
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1 SEC. 3. SOURCES OF BULLION.

2 The Secretary shall obtain silver for the coins minted

3 under this Act only from stockpiles established under the

4 Strategic and Critical Materials Stock Piling Act.

5 SEC. 4. SELECTION OF DESIGN.

6 The design for the coins authorized by this Act shall

7 be selected by the Secretary after consultation with the

8 1995 Special Olympics World Games Organizing Commit9 tee, Inc. and the Commission of Fine Arts. As required

10 by section 5135 of title 31, United States Code, the design

11 shall also be reviewed by the Citizens Commemorative

12 Coin Advisory Committee.

13 SEC. 5. ISSUANCE OF THE COINS.

14 (a) QUALITY OF COINS.—The coins authorized under

15 this Act may be issued in uncirculated and proof qualities.

16 (b) MINT FACILITY.—Not more than 1 facility of the

17 United States Mint may be used to strike any particular

18 quality of the coins minted under this Act.

19 (c) COMMENCEMENT OF ISSUANCE.—The coins au20 thorized under this Act shall be available for issue not

21 later than January 15, 1995.

22 (d) SUNSET PROVISION.—No coins shall be minted

23 under this Act after December 31, 1995.

24 SEC. 6. SALE OF THE COINS.

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

26 shall be sold by the Secretary at a price equal to the sum
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1 of the face value of the coins, the surcharge provided in

2 subsection (d) with respect to such coins, and the cost of

3 designing and issuing such coins (including labor, mate4 rials, dies, use of machinery, overhead expenses, market5 ing, and shipping).

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

7 sales at a reasonable discount.

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

9 prepaid orders for the coins authorized under this Act

10 prior to the issuance of such coins. Sales under this sub11 section shall be at a reasonable discount.

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

13 a surcharge of $10 per coin.

14 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA15 TIONS.

16 No provision of law governing procurement or public

17 contracts shall be applicable to the procurement of goods

18 or services necessary for carrying out the provisions of this

19 Act. Nothing in this section shall relieve any person enter20 ing into a contract under the authority of this Act from

21 complying with any law relating to equal employment op22 portunity.

23 SEC. 8. DISTRIBUTION OF SURCHARGES.

24 The total surcharges collected by the Secretary from

25 the sale of the coins issued under this Act shall be prompt-
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1 ly paid by the Secretary to the 1995 Special Olympics

2 World Games Organizing Committee, Inc. Such amounts

3 shall be used to—

4 (1) provide a world class sporting event for ath5 letes with mental retardation;

6 (2) demonstrate to a global audience the ex7 traordinary talents, dedication, and courage of per8 sons with mental retardation; and

9 (3) underwrite the cost of staging and promot10 ing the 1995 Special Olympics World Games.

11 SEC. 9. AUDITS.

12 The Comptroller General of the United States shall

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

14 and other data of the 1995 Special Olympics World Games

15 Organizing Committee, Inc. as may be related to the ex16 penditure of amounts paid under section 8.

17 SEC. 10. FINANCIAL ASSURANCES.

18 (a) NO NET COST TO THE GOVERNMENT.—The Sec19 retary shall take all actions necessary to ensure that the

20 issuance of the coins authorized by this Act shall result

21 in no net cost to the United States Government.

22 (b) ADEQUATE SECURITY FOR PAYMENT RE23 QUIRED.—No coin shall be issued under this Act unless

24 the Secretary has received—

25 (1) full payment therefor;
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1 (2) security satisfactory to the Secretary to in2 demnify the United States for full payment; or

3 (3) a guarantee of full payment satisfactory to

4 the Secretary from a depository institution whose

5 deposits are insured by the Federal Deposit Insur6 ance Corporation or the National Credit Union Ad7 ministration Board.

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