II

103D CONGRESS

2D SESSION S. 1860

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

World Games.

IN THE SENATE OF THE UNITED STATES

FEBRUARY 23 (legislative day, FEBRUARY 22), 1994

Mr. DODD (for himself, Mr. LIEBERMAN, Mr. MITCHELL, Mr. DOLE, Mr.

KENNEDY, Mr. RIEGLE, Mr. D’AMATO, Mr. SARBANES, Mr. BOND, Mr.

SASSER, Mr. DOMENICI, Mr. KERRY, Mr. LUGAR, Mr. SIMON, and Mr.

STEVENS) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, 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,

3 SECTION 1. SHORT TITLE.

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

5 World Games Commemorative Coin Act’’.

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 800,000 $1 coins, which

2 shall weigh 26.73 grams, have a diameter of 1.500

3 inches, and shall 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 the 1995 Spe7 cial Olympics World Games. On each such coin there

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

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

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

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

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

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

14 title 31, United States Code.

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

16 5132(a)(1) of title 31, United States Code, all coins mint17 ed under this Act shall be considered to be numismatic

18 items.

19 SEC. 3. SOURCES OF BULLION.

20 The Secretary shall obtain silver for the coins minted

21 under this Act only from stockpiles established under the

22 Strategic and Critical Materials Stock Piling Act.

23 SEC. 4. SELECTION OF DESIGN.

24 The design for the coins authorized by this Act shall

25 be selected by the Secretary after consultation with the
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1 1995 Special Olympics World Games Organizing Commit2 tee, Inc. and the Commission of Fine Arts. As required

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

4 shall also be reviewed by the Citizens Commemorative

5 Coin Advisory Committee.

6 SEC. 5. ISSUANCE OF THE COINS.

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

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

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

10 United States Mint may be used to strike any particular

11 quality of the coins minted under this Act.

12 (c) COMMENCEMENT OF ISSUANCE.—The coins au13 thorized under this Act shall be available for issue not

14 later than January 15, 1995.

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

16 under this Act after December 31, 1995.

17 SEC. 6. SALE OF THE COINS.

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

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

20 of the face value of the coins, the surcharge provided in

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

22 designing and issuing such coins (including labor, mate23 rials, dies, use of machinery, overhead expenses, market24 ing, and shipping).
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1 (b) BULK SALES.—The Secretary shall make bulk

2 sales at a reasonable discount.

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

4 prepaid orders for the coins authorized under this Act

5 prior to the issuance of such coins. Sales under this sub6 section shall be at a reasonable discount.

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

8 a surcharge of $10 per coin.

9 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA10 TIONS.

11 No provision of law governing procurement or public

12 contracts shall be applicable to the procurement of goods

13 or services necessary for carrying out the provisions of this

14 Act. Nothing in this section shall relieve any person enter15 ing into a contract under the authority of this Act from

16 complying with any law relating to equal employment op17 portunity.

18 SEC. 8. DISTRIBUTION OF SURCHARGES.

19 The total surcharges collected by the Secretary from

20 the sale of the coins issued under this Act shall be prompt21 ly paid by the Secretary to the 1995 Special Olympics

22 World Games Organizing Committee, Inc. Such amounts

23 shall be used to—

24 (1) provide a world class sporting event for ath25 letes with mental retardation;
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1 (2) demonstrate to a global audience the ex2 traordinary talents, dedication, and courage of per3 sons with mental retardation; and

4 (3) underwrite the cost of staging and promot5 ing the 1995 Special Olympics World Games.

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 1995 Special Olympics World Games

10 Organizing Committee, Inc. as may be related to the ex11 penditure of amounts paid under section 8.

12 SEC. 10. FINANCIAL ASSURANCES.

13 (a) NO NET COST TO THE GOVERNMENT.—The Sec14 retary shall take all actions necessary to ensure that the

15 issuance of the coins authorized by this Act shall result

16 in no net cost to the United States Government.

17 (b) ADEQUATE SECURITY FOR PAYMENT RE18 QUIRED.—No coin shall be issued under this Act unless

19 the Secretary has received—

20 (1) full payment therefore;

21 (2) security satisfactory to the Secretary to in22 demnify the United States for full payment; or

23 (3) a guarantee of full payment satisfactory to

24 the Secretary from a depository institution whose

25 deposits are insured by the Federal Deposit Insur-
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1 ance Corporation or the National Credit Union Ad2 ministration Board.

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