103D CONGRESS

1ST SESSION S. 216

AN ACT

To provide for the minting of coins to

commemorate the World University Games.
103D CONGRESS

1ST SESSION S. 216

AN ACT

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’’.
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1 SEC. 2. COIN SPECIFICATIONS.

2 (a) FIVE-DOLLAR GOLD COINS.—

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

4 (hereinafter in this Act referred to as the ‘‘Sec5 retary’’) shall issue not more than 200,000 five-dol6 lar coins which shall—

7 (A) weigh 8.359 grams;

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

9 (C) contain 90 percent gold and 10 percent

10 alloy.

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

12 coins shall be emblematic of the participation of

13 American athletes in the World University Games.

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

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

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

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

18 Pluribus Unum’’.

19 (b) ONE-DOLLAR SILVER COINS.—

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

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

22 (A) weigh 26.73 grams;

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

24 (C) contain 90 percent silver and 10 per25 cent copper.
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1 (2) DESIGN.—The design of such dollar coins

2 shall be emblematic of the participation of American

3 athletes in the World University Games. On each

4 such coin there shall be a designation of the value

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

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

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

8 Pluribus Unum’’.

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

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

11 title 31, United States Code.

12 SEC. 3. SOURCES OF BULLION.

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

14 silver for the coins minted under this Act only from stock15 piles established under the Strategic and Critical Mate16 rials Stock Piling Act (50 U.S.C. 98 et seq.).

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

18 for the coins minted under this Act pursuant to the au19 thority of the Secretary under existing law.

20 SEC. 4. SELECTION OF DESIGN.

21 The design for each coin authorized by this Act shall

22 be selected by the Secretary, after consultation with the

23 Greater Buffalo Athletic Corporation and the Commission

24 of Fine Arts. As required under section 5135 of title 31,
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1 United States Code, the design shall also be reviewed by

2 the Citizens Commemorative Advisory Committee.

3 SEC. 5. SALE OF THE COINS.

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

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

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

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

8 overhead expenses).

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

10 sales at a reasonable discount.

11 (c) PREPAID ORDERS AT A DISCOUNT.—The Sec12 retary shall accept prepaid orders for the coins prior to

13 the issuance of such coins. Sales under this subsection

14 shall be at a reasonable discount.

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

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

17 $7 per coin for the one-dollar coins.

18 SEC. 6. ISSUANCE OF THE COINS.

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

20 under this Act shall be issued in uncirculated and proof

21 qualities and shall be struck at the United States Bullion

22 Depository at West Point.

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

24 under this Act may be issued in uncirculated and proof
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1 qualities, except that not more than 1 facility of the Unit2 ed States Mint may be used to strike each such quality.

3 (c) COMMENCEMENT OF ISSUANCE.—The coins au4 thorized and minted under this Act may be issued begin5 ning on July 1, 1993.

6 (d) TERMINATION OF AUTHORITY.—Coins may not

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

8 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA9 TIONS.

10 No provision of law governing procurement or public

11 contracts shall be applicable to the procurement of goods

12 or services necessary for carrying out the provisions of this

13 Act. Nothing in this section shall relieve any person enter14 ing into a contract under the authority of this Act from

15 complying with any law relating to equal employment op16 portunity.

17 SEC. 8. DISTRIBUTION OF SURCHARGES.

18 All surcharges which are received by the Secretary

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

20 promptly paid by the Secretary to the Greater Buffalo

21 Athletic Corporation. Such amounts shall be used by the

22 Greater Buffalo Athletic Corporation to support local or

23 community amateur athletic programs, to erect facilities

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

25 of sponsoring the World University Games.
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1 SEC. 9. AUDITS.

2 The Comptroller General shall have the right to ex3 amine such books, records, documents, and other data of

4 the Greater Buffalo Athletic Corporation as may be relat5 ed to the expenditures of amounts paid under section 8.

6 SEC. 10. NUMISMATIC PUBLIC ENTERPRISE FUND.

7 The coins issued under this Act are subject to the

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

9 relating to the Numismatic Public Enterprise Fund.

10 SEC. 11. FINANCIAL ASSURANCES.

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

12 should be self-sustaining and should be administered in

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

14 Public Enterprise Fund.

Passed the Senate May 27 (legislative day, April

19), 1993.

Attest:

Secretary.