I

103D CONGRESS

1ST SESSION S. 216

IN THE HOUSE OF REPRESENTATIVES

JUNE 8, 1993

Referred to the Committee on Banking, Finance and Urban Affairs

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’’.

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 ‘‘Sec10 retary’’) shall issue not more than 200,000 five-dol11 lar coins which shall—

12 (A) weigh 8.359 grams;

13 (B) have a diameter of 0.850 inches; and
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1 (C) contain 90 percent gold and 10 percent

2 alloy.

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

4 coins shall be emblematic of the participation of

5 American athletes in the World University Games.

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

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

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

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

10 Pluribus Unum’’.

11 (b) ONE-DOLLAR SILVER COINS.—

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

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

14 (A) weigh 26.73 grams;

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

16 (C) contain 90 percent silver and 10 per17 cent copper.

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

19 shall be emblematic of the participation of American

20 athletes in the World University Games. On each

21 such coin there shall be a designation of the value

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

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

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

25 Pluribus Unum’’.
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1 (c) LEGAL TENDER.—The coins issued under this

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

3 title 31, United States Code.

4 SEC. 3. SOURCES OF BULLION.

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

6 silver for the coins minted under this Act only from stock7 piles established under the Strategic and Critical Mate8 rials Stock Piling Act (50 U.S.C. 98 et seq.).

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

10 for the coins minted under this Act pursuant to the au11 thority of the Secretary under existing law.

12 SEC. 4. SELECTION OF DESIGN.

13 The design for each coin authorized by this Act shall

14 be selected by the Secretary, after consultation with the

15 Greater Buffalo Athletic Corporation and the Commission

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

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

18 the Citizens Commemorative Advisory Committee.

19 SEC. 5. SALE OF THE COINS.

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

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

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

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

24 overhead expenses).
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1 (b) BULK SALES.—The Secretary shall make bulk

2 sales at a reasonable discount.

3 (c) PREPAID ORDERS AT A DISCOUNT.—The Sec4 retary shall accept prepaid orders for the coins prior to

5 the issuance of such coins. Sales under this subsection

6 shall be at a reasonable discount.

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

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

9 $7 per coin for the one-dollar coins.

10 SEC. 6. ISSUANCE OF THE COINS.

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

12 under this Act shall be issued in uncirculated and proof

13 qualities and shall be struck at the United States Bullion

14 Depository at West Point.

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

16 under this Act may be issued in uncirculated and proof

17 qualities, except that not more than 1 facility of the Unit18 ed States Mint may be used to strike each such quality.

19 (c) COMMENCEMENT OF ISSUANCE.—The coins au20 thorized and minted under this Act may be issued begin21 ning on July 1, 1993.

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

23 be minted under this Act after June 30, 1994.
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1 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA2 TIONS.

3 No provision of law governing procurement or public

4 contracts shall be applicable to the procurement of goods

5 or services necessary for carrying out the provisions of this

6 Act. Nothing in this section shall relieve any person enter7 ing into a contract under the authority of this Act from

8 complying with any law relating to equal employment op9 portunity.

10 SEC. 8. DISTRIBUTION OF SURCHARGES.

11 All surcharges which are received by the Secretary

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

13 promptly paid by the Secretary to the Greater Buffalo

14 Athletic Corporation. Such amounts shall be used by the

15 Greater Buffalo Athletic Corporation to support local or

16 community amateur athletic programs, to erect facilities

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

18 of sponsoring the World University Games.

19 SEC. 9. AUDITS.

20 The Comptroller General shall have the right to ex21 amine such books, records, documents, and other data of

22 the Greater Buffalo Athletic Corporation as may be relat23 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.

Passed the Senate May 27 (legislative day, April

19), 1993.

Attest: WALTER J. STEWART,

Secretary.