National Park Service 100th Anniversary Commemorative Coin Act

To require the Secretary of the Treasury to mint coins commemorating the 100th anniversary of the establishment of the National Park Service, and for other purposes. 1. Short title This Act may be cited as the National Park Service 100th Anniversary Commemorative Coin Act 2. Findings Congress finds that— (1) in 1916, Congress established the National Park Service as a bureau within the Department of the Interior to administer the great national parks and monuments in the United States as a unified National Park System; (2) from 1916 to the present, the National Park System has grown from 37 park units with 6,000,000 acres of land in the western United States to more than 395 units with 84,000,000 acres of land in nearly every State and territory; (3) the responsibilities of the National Park Service have expanded to include— (A) managing national historic trails and national scenic trails; (B) administering wild and scenic rivers; (C) recognizing the most significant historic resources in the United States through the National Register of Historic Places and the National Historic Landmark program; (D) providing historic preservation grants; and (E) assisting communities in meeting their preservation, conservation, and recreation needs; (4) the National Park Service Organic Act of 1916 ( Public Law 64–408 to conserve the scenery and the natural and historic objects and the wild life therein and to provide for the enjoyment of the same in such manner and by such means as will leave them unimpaired for the enjoyment of future generations (5) the 100th anniversary of the National Park Service in 2016 will be an occasion to celebrate a century of American vision and achievement in identifying and preserving the special places in the United States for the benefit of all, and the culmination of 100 years of accomplishments by the employees, partners, and volunteers of the National Park Service; (6) 2016 also will mark the beginning of the 2d century of service of the dedicated employees, partners, and volunteers of the National Park Service to the people of the United States as environmental leaders and vigilant stewards of the treasured places and stories of the United States; (7) coins commemorating the 100th anniversary of the National Park Service will bring national and international attention to the National Park System and to the legacy Congress left in 1916 when it established a Federal agency to ensure the protection of the most treasured natural and cultural resources in the United States for all time; and (8) the proceeds from a surcharge on the sale of commemorative coins will assist the financing of the needs of the parks and programs of the National Park Service, helping to ensure that the great natural and cultural resources of the United States will endure for generations to come. 3. Coin specifications (a) Denominations (1) $5 gold coins The Secretary of the Treasury (referred to in this Act as the Secretary (A) weigh 8.359 grams; (B) have a diameter of 0.850 inches; and (C) contain 90 percent gold and 10 percent alloy. (2) $1 silver coins The Secretary shall mint and issue not more than 500,000 $1 coins, which shall— (A) weigh 26.73 grams; (B) have a diameter of 1.500 inches; and (C) contain 90 percent silver and 10 percent copper. (3) Half dollar clad coins The Secretary shall mint and issue not more than 750,000 half dollar clad coins, which shall— (A) weigh 11.34 grams; (B) have a diameter of 1.205 inches; and (C) be minted to the specifications for half dollar clad coins in section 5112(b) (b) Legal tender The coins minted under this Act shall be legal tender, as provided in section 5103 (c) Numismatic items For purposes of sections 5134 5136 4. Design of coins (a) Design requirements (1) In general The design of the coins minted under this Act shall be emblematic of the 100th anniversary of the National Park Service. (2) Designation and inscriptions On each coin minted under this Act there shall be— (A) a designation of the face value of the coin; (B) an inscription of the year 2016 (C) inscriptions of the words Liberty In God We Trust United States of America E Pluribus Unum (b) Selection The design for the coins minted under this Act shall be— (1) selected by the Secretary after consultation with— (A) the National Park Service; (B) the National Park Foundation; and (C) the Commission of Fine Arts; and (2) reviewed by the Citizens Coinage Advisory Committee. 5. Issuance of coins (a) Quality of coins Coins minted under this Act shall be issued in uncirculated and proof qualities. (b) Period for issuance The Secretary may issue coins minted under this Act only during the period beginning on January 1, 2016, and ending on December 31, 2016. 6. Sale of coins (a) Sale price The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of— (1) the face value of the coins; (2) the surcharge provided in section 7(a) with respect to the coins; and (3) the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping). (b) Bulk sales The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount. (c) Prepaid orders (1) In general The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins. (2) Discount Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount. 7. Surcharges (a) In general All sales of coins minted under this Act shall include— (1) a surcharge of $35 per coin for the $5 coin; (2) a surcharge of $10 per coin for the $1 coin; and (3) a surcharge of $5 per coin for the half dollar coin. (b) Distribution (1) In general Subject to section 5134(f) (2) Prohibition on land acquisition Surcharges paid to the National Park Foundation pursuant to paragraph (1) may not be used for land acquisition. (c) Audits The National Park Foundation shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with regard to the amounts received by the National Park Foundation under subsection (b). (d) Limitations Notwithstanding subsection (a), no surcharge may be included with respect to the issuance under this Act of any coin during a calendar year if, as of the time of such issuance, the issuance of such coin would result in the number of commemorative coin programs issued during such year to exceed the 2 commemorative coin program issuance limitation under section 5112(m)(1)

Summary: National Park Service 100th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue gold, silver, and half-dollar clad coins in commemoration of the 100th anniversary of the establishment of the National Park Service (NPS). Authorizes the issuance of coins under this Act only for a one-year period, beginning on January 1, 2016. Requires all sales of coins minted under this Act to include a surcharge of $35 per gold coin, $10 per silver coin, and $5 per half-dollar clad coin. Requires all of the surcharges received from the sale of such coins to be paid to the National Park Foundation for projects and programs to help preserve and protect resources under the stewardship of the NPS and to promote public enjoyment and appreciation of those resources. Prohibits the surcharges paid to the Foundation from being used for land acquisition.