I
103D CONGRESS
1ST SESSION
H. R. 982
To provide for the minting of coins to commemorate the World University
Games.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 18, 1993
Mr. LAFALCE (for himself, Mr. PAXON, Mr. QUINN, Ms. SLAUGHTER, and
Mr. HOUGHTON) introduced the following bill; which was referred to the
Committee on Banking, Finance and Urban Affairs
A BILL
To provide for the minting of coins to commemorate the
World University Games.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘World University
Games Commemorative Coin Act of 1993’’.
SEC. 2. COIN SPECIFICATIONS.
(a) FIVE-DOLLAR GOLD COINS.—
(1) ISSUANCE.—The Secretary of the Treasury
(hereinafter in this Act referred to as the ‘‘Sec-
retary’’) shall issue not more than 200,000 five-dol-
lar coins which shall—
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent
alloy.
(2) DESIGN.—The design of such five-dollar
coins shall be emblematic of the participation of
American athletes in the World University Games.
On each such coin there shall be a designation of the
value of the coin, an inscription of the year ‘‘1993’’,
and inscriptions of the words ‘‘Liberty’’, ‘‘In God
We Trust’’, ‘‘United States of America’’, and ‘‘E
Pluribus Unum’’.
(b) ONE-DOLLAR SILVER COINS.—
(1) ISSUANCE.—The Secretary shall issue not
more than 750,000 one-dollar coins which shall—
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 per-
cent copper.
(2) DESIGN.—The design of such dollar coins
shall be emblematic of the participation of American
athletes in the World University Games. On each
such coin there shall be a designation of the value
of the coin, an inscription of the year ‘‘1993’’, and
inscriptions of the words ‘‘Liberty’’, ‘‘In God We
Trust’’, ‘‘United States of America’’, and ‘‘E
Pluribus Unum’’.
(c) LEGAL TENDER.—The coins issued under this
Act shall be legal tender, as provided in section 5103 of
title 31, United States Code.
SEC. 3. SOURCES OF BULLION.
(a) SILVER BULLION.—The Secretary shall obtain
silver for the coins minted under this Act only from stock-
piles established under the Strategic and Critical Mate-
rials Stock Piling Act (50 U.S.C. 98 et seq.).
(b) GOLD BULLION.—The Secretary shall obtain gold
for the coins minted under this Act pursuant to the au-
thority of the Secretary under existing law.
SEC. 4. SELECTION OF DESIGN.
The design for each coin authorized by this Act shall
be selected by the Secretary, after consultation with the
Greater Buffalo Athletic Corporation and the Commission
of Fine Arts. As required under section 5135 of title 31,
United States Code, the design shall also be reviewed by
the Citizens Commemorative Advisory Committee.
SEC. 5. SALE OF THE COINS.
(a) SALE PRICE.—The coins issued under this Act
shall be sold by the Secretary at a price equal to the face
value, plus the cost of designing and issuing such coins
(including labor, materials, dies, use of machinery, and
overhead expenses).
(b) BULK SALES.—The Secretary shall make bulk
sales at a reasonable discount.
(c) PREPAID ORDERS AT A DISCOUNT.—The Sec-
retary shall accept prepaid orders for the coins prior to
the issuance of such coins. Sales under this subsection
shall be at a reasonable discount.
(d) SURCHARGE REQUIRED.—All sales shall include
a surcharge of $35 per coin for the five-dollar coins and
$7 per coin for the one-dollar coins.
SEC. 6. ISSUANCE OF THE COINS.
(a) GOLD COINS.—The five-dollar coins authorized
under this Act shall be issued in uncirculated and proof
qualities and shall be struck at the United States Bullion
Depository at West Point.
(b) SILVER COINS.—The one-dollar coins authorized
under this Act may be issued in uncirculated and proof
qualities, except that not more than 1 facility of the Unit-
ed States Mint may be used to strike each such quality.
(c) COMMENCEMENT OF ISSUANCE.—The coins au-
thorized and minted under this Act may be issued begin-
ning on July 1, 1993.
(d) TERMINATION OF AUTHORITY.—Coins may not
be minted under this Act after June 30, 1994.
SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA-
TIONS.
No provision of law governing procurement or public
contracts shall be applicable to the procurement of goods
or services necessary for carrying out the provisions of this
Act. Nothing in this section shall relieve any person enter-
ing into a contract under the authority of this Act from
complying with any law relating to equal employment op-
portunity.
SEC. 8. DISTRIBUTION OF SURCHARGES.
All surcharges which are received by the Secretary
from the sale of coins issued under this Act shall be
promptly paid by the Secretary to the Greater Buffalo
Athletic Corporation. Such amounts shall be used by the
Greater Buffalo Athletic Corporation to support local or
community amateur athletic programs, to erect facilities
for the use of such athletes, and to underwrite the cost
of sponsoring the World University Games.
SEC. 9. AUDITS.
The Comptroller General shall have the right to ex-
amine such books, records, documents, and other data of
the Greater Buffalo Athletic Corporation as may be relat-
ed to the expenditures of amounts paid under section 8.
SEC. 10. NUMISMATIC PUBLIC ENTERPRISE FUND.
The coins issued under this Act are subject to the
provisions section 5134 of title 31, United States Code,
relating to the Numismatic Public Enterprise Fund.
SEC. 11. FINANCIAL ASSURANCES.
It is the sense of the Congress that this coin program
should be self-sustaining and should be administered in
a manner that results in no net cost to the Numismatic
Public Enterprise Fund.
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