To require the Secretary of the Treasury to mint coins in commemoration of the quadricentennial of the City of Santa Fe, New Mexico.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Santa Fe Quadricentennial 
Commemorative Coin Act''.

SEC. 2. FINDINGS.

    The Congress finds as follows:
            (1) Santa Fe, New Mexico, the site of native occupation 
        centuries before European incursions, was officially elevated 
        from a plaza established in 1608 to a villa and capital city in 
        1610 and has been the meeting place and home of many cultures.
            (2) The Palace of the Governors, built in the early 17th 
        century, served as the governor's quarters and seat of 
        government under 3 flags and is the oldest continuously used 
        public building in the United States.
            (3) La Fiesta de Santa Fe, a cultural, religious, and 
        social celebration, commemorating the resettlement of Santa Fe 
        by General Don Diego de Vargas in 1692 continues today as an 
        attraction for tourists and locals alike.
            (4) At the nexus of 3 historically important trails, Santa 
        Fe brought people and goods together over the Santa Fe Trail to 
        and from Missouri, California, and Mexico City.
            (5) Commerce on the Santa Fe Trail brought a much needed 
        boost to the American Midwest's economy during the recession of 
        the early 19th century.
            (6) Santa Fe was the rendezvous place for traders, mountain 
        men, and ``Forty-Niners'' on route to California and is today 
        home to a multicultural citizenry and world class art market.
            (7) The Santa Fe area has long attracted tourists, artists, 
        and writers, and is a center of market activity for arts and 
        culture year round, culminating in the world-renowned Indian 
        Market, Spanish Colonial Art Market, and International Folk Art 
        Market.
            (8) New Mexico is the home to the oldest and continuously 
        inhabited indigenous communities in North America.
            (9) Native communities now residing in New Mexico include 
        the following: Acoma Pueblo; Alamo Navajo Chapter; Canoncito 
        Navajo Chapter; Cochiti Pueblo; Isleta Pueblo; Jemez Pueblo; 
        Jicarilla Apache Tribe; Laguna Pueblo; Mescalero Apache Tribe; 
        Nambe Pueblo; Picuris Pueblo; Pojoaque Pueblo; Ramah Navajo 
        Chapter; San Felipe Pueblo; San Ildefonso Pueblo; San Juan 
        Pueblo; Sandia Pueblo; Santa Ana Pueblo; Santa Clara Pueblo; 
        Santo Domingo Pueblo; Taos Pueblo; Tesuque Pueblo; Zia Pueblo; 
        and Zuni Pueblo.
            (10) Many other native communities or groups disappeared or 
        were moved after European contact.
            (11) The Pueblo Revolt of 1680 is known to be one of the 
        first ``American Revolutions'' when the Pueblo people ousted 
        Spanish colonists from New Mexico.
            (12) The Santa Fe area has long attracted tourists, 
        artists, and writers: the classic novel Ben Hur was written, in 
        part, by then Governor Lew Wallace, in the Palace of the 
        Governors.
            (13) A commemorative coin will help to foster an 
        understanding and appreciation of New Mexico, its history and 
        culture, and the importance of Santa Fe and New Mexico to the 
        history of the United States and the world.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--In commemoration of the quadricentennial of the 
establishment of the City of Santa Fe, New Mexico, the Secretary of the 
Treasury (hereafter in this Act referred to as the ``Secretary'') shall 
mint and issue the following coins:
            (1) $5 gold coins.--Not more than 100,000 $5 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) $1 silver coins.--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.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--All coins minted under this Act shall be 
considered to be numismatic items.
    (d) Domestic Source of Bullion.--Gold and silver for coins minted 
under this Act shall be acquired in the manner provided in subsections 
(a)(3) and (b)(1) of section 5116 of title 31, United States Code.

SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall be emblematic of the settlement of Santa Fe, New 
        Mexico, the oldest capital city in the United States.
            (2) Designation and inscriptions.--On each coin minted 
        under this Act there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of the year ``2010''; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum'' on the obverse or reverse.
    (b) Selection.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with the 
        Commission of Fine Arts; and
            (2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act 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 
Act.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the 1-year period beginning on January 1, 
2010.

SEC. 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 
        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 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.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins issued under this Act shall 
include a surcharge of--
            (1) $35 per coin for the $5 coin; and
            (2) $10 per coin for the $1 coin.
    (b) Distribution.--Subject to section 5134(f)(1), title 31, United 
States Code, all surcharges received by the Secretary from the sale of 
coins issued under this Act shall be promptly paid by the Secretary as 
follows:
            (1) \1/2\ to santa fe 400th anniversary committee.--50 
        percent of the surcharges received by the Secretary shall be 
        paid to the Santa Fe 400th Anniversary Committee, Inc., to 
        support programs to promote the understanding of the legacies 
        of Santa Fe.
            (2) \1/2\ to the secretary of the interior.--50 percent of 
        the surcharges received by the Secretary shall be paid to the 
        Secretary of the Interior for the following purposes:
                    (A) Sustaining the ongoing mission of preserving 
                Santa Fe.
                    (B) Enhancing national and international programs.
                    (C) Improving infrastructure and archaeological 
                research activities.
                    (D) Conducting other programs to support the 
                quadricentennial of the establishment of Santa Fe.
    (c) Audits.--The Santa Fe 400th Anniversary Committee, Inc., and 
the Secretary of the Interior shall be subject to the audit 
requirements of section 5134(f)(2) of title 31, United States Code.

Summary: Santa Fe Quadricentennial Commemorative Coin Act - Instructs the Secretary of the Treasury, in commemoration of the quadricentennial of the City of Santa Fe, New Mexico, to issue $5 gold coins and $1 silver coins emblematic of the settlement of Santa Fe, New Mexico, the oldest capital city in the United States.

Permits issuance of such coins only during calendar 2010.

 Requires the Secretary to pay 50% of surcharges received from such coin sales to: (1) the Santa Fe 400th Anniversary Committee, Inc.; and (2) the Secretary of the Interior to sustain the ongoing mission of preserving Santa Fe, including educational programs, infrastructure and archaeological research activities, and other programs to support the quadricentennial of the establishment of Santa Fe.