(2) DESIGNATION
AND
INSCRIPTIONS.—On
each coin minted under this title there shall be—
(A) a designation of the value of the coin;
(B) an inscription of the years 1847–
1997’’; and
(C) inscriptions of the words ‘‘Liberty’’,
‘‘In God We Trust’’, ‘‘United States of Amer-
ica’’, and ‘‘E Pluribus Unum’’.
(3) OBVERSE OF COIN.—The obverse of each
coin minted under this title shall bear the likeness
of Thomas A. Edison.
(b) DESIGN COMPETITION.—Before the end of the 3-
month period beginning on the date of the enactment of
this Act, the Secretary shall conduct an open design com-
petition for the design of the obverse and the reverse of
the coins minted under this title.
(c) SELECTION.—The design for the coins minted
under this title shall be—
(1) selected by the Secretary after consultation
with the Commission of Fine Arts; and
(2) reviewed by the Citizens Commemorative
Coin Advisory Committee.
SEC. 104. ISSUANCE OF COINS.
(a) QUALITY OF COINS.—Coins minted under this
title shall be issued in uncirculated and proof qualities.
(b) MINT FACILITY.—Only 1 facility of the United
States Mint may be used to strike any particular quality
of the coins minted under this title.
(c) COMMENCEMENT OF ISSUANCE.—The Secretary
may issue coins minted under this title beginning January
1, 1997.
(d) TERMINATION
OF MINTING AUTHORITY.—No
coins may be minted under this title after December 31,
1997.
SEC. 105. SALE OF COINS.
(a) SALE PRICE.—The coins issued under this title
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 subsection (d)
with respect to such 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 title at a reasonable
discount.
(c) PREPAID ORDERS.—
(1) IN GENERAL.—The Secretary shall accept
prepaid orders for the coins minted under this title
before the issuance of such coins.
(2) DISCOUNT.—Sale prices with respect to pre-
paid orders under paragraph (1) shall be at a rea-
sonable discount.
(d) SURCHARGES.—All sales of coins minted under
this title shall include a surcharge of—
(1) $14 per coin for the $1 coin; and
(2) $7 per coin for the half dollar coin.
SEC. 106. GENERAL WAIVER OF PROCUREMENT REGULA-
TIONS.
(a) IN GENERAL.—Except as provided in subsection
(b), no provision of law governing procurement or public
contracts shall be applicable to the procurement of goods
and services necessary for carrying out the provisions of
this title.
(b) EQUAL
EMPLOYMENT
OPPORTUNITY.—Sub-
section (a) shall not relieve any person entering into a con-
tract under the authority of this title from complying with
any law relating to equal employment opportunity.
SEC. 107. DISTRIBUTION OF SURCHARGES.
(a) IN GENERAL.—The first $7,000,000 of the sur-
charges received by the Secretary from the sale of coins
issued under this title shall be promptly paid by the Sec-
retary as follows:
(1) 1⁄7 to the Museum of Arts and History, in
the city of Port Huron, Michigan for the endowment
and construction of a special museum on Thomas A.
Edison’s life in Port Huron.
(2) 1⁄7 to the Edison Birthplace Association, In-
corporated, in Milan, Ohio, to assist in such associa-
tion’s efforts to raise an endowment as a permanent
source of support for the repair and maintenance of
the Thomas A. Edison birthplace, a national historic
landmark.
(3) 1⁄7 to the National Park Service for use in
protecting, restoring, and cataloguing historic docu-
ments and objects at Thomas A. Edison’s ‘‘invention
factory’’ in West Orange, New Jersey.
(4) 1⁄7 to the Edison Plaza Museum in Beau-
mont, Texas, for expanding educational programs on
Thomas A. Edison and for the repair and mainte-
nance of the museum.
(5) 1⁄7 to the Edison Winter Home and Mu-
seum in Fort Myers, Florida, for historic preserva-
tion, restoration, and maintenance of Thomas A.
Edison’s historic home and chemical laboratory.
(6) 1⁄7 to Greenfield Village in Dearborn, Michi-
gan, for use in maintaining and expanding displays
and educational programs associated with Thomas
A. Edison.
(7) 1⁄7 to the Edison Memorial Tower in Edi-
son, New Jersey, for the preservation, restoration,
and expansion of the tower and museum.
(b) EXCESS PAYABLE TO THE NATIONAL NUMIS-
MATIC COLLECTION.—After payment of the amount re-
quired under subsection (a), the Secretary shall pay the
remaining surcharges to the National Museum of Amer-
ican History, Washington, D.C., for the support of the Na-
tional Numismatic Collection at the museum.
(c) AUDITS.—The Comptroller General of the United
States shall have the right to examine such books, records,
documents, and other data of any organization which re-
ceives any payment from the Secretary under this section,
as may be related to the expenditures of amounts paid
under this section.
SEC. 108. FINANCIAL ASSURANCES.
(a) NO NET COST TO THE GOVERNMENT.—The Sec-
retary shall take such actions as may be necessary to en-
sure that minting and issuing coins under this title will
not result in any net cost to the United States Govern-
ment.
(b) PAYMENT FOR COINS.—A coin shall not be issued
under this title unless the Secretary has received—
(1) full payment for the coin;
(2) security satisfactory to the Secretary to in-
demnify the United States for full payment; or
(3) a guarantee of full payment satisfactory to
the Secretary from a depository institution whose
deposits are insured by the Federal Deposit Insur-
ance Corporation or the National Credit Union Ad-
ministration Board.
TITLE II—CIRCULATING COINS
SEC. 201. REDESIGN OF HALF DOLLAR CIRCULATING COINS
FOR 1997.
Section 5112(d) of title 31, United States Code, is
amended by inserting after the 6th sentence the following
new sentence: ‘‘The obverse side of half dollar coins mint-
ed after December 31, 1996, and before January 1, 1998,
shall have the same likeness of Thomas Alva Edison as
the commemorative coins minted under title I of the
Thomas Alva Edison Sesquicentennial Commemorative
Coin Act.’’.
Æ