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Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Jefferson Commemorative Coin Act of
1993''.

SEC. 2. COIN SPECIFICATIONS.

(a) One-Dollar Silver Coins.--
(1) Issuance.--The Secretary of the Treasury (hereafter in
this Act referred to as the ''Secretary'') shall issue not more
than 600,000 one-dollar coins, which shall weigh 26.73 grams,
have a diameter of 1.500 inches, and contain 90 percent silver
and 10 percent copper.
(2) Design.--The design of the coins issued under this Act
shall be emblematic of a Jefferson profile and frontal view of
his home Monticello. On each 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) 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.

The Secretary shall obtain silver for the coins minted under this
Act only from stockpiles established under the Strategic and Critical
Minerals Stock Piling Act (50 U.S.C. 98 et seq.).

SEC. 4. SELECTION OF DESIGN.

Subject to section 2(a)(2), the design for the coins authorized by
this Act shall be selected by the Secretary after consultation with the
Executive Director of the Thomas Jefferson Memorial Foundation and the
Commission of Fine Arts. As required by section 5135 of title 31,
United States Code, the design shall also be reviewed by the Citizens
Commemorative 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 during the period beginning on July 4, 1993, and ending
on July 4, 1994.

SEC. 6. SALE OF COINS.

(a) Sale Price.--The coins authorized under this Act shall be sold
by the Secretary at a price equal to the sum of the face value of the
coins, the surcharge provided in subsection (c) with respect to such
coins, and the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses, marketing,
and shipping).
(b) Prepaid Orders.--The Secretary shall accept prepaid orders for
the coins authorized under this Act prior to the issuance of such
coins. Sale prices with respect to such prepaid orders shall be at a
reasonable discount.
(c) Surcharges.--All sales shall include a surcharge of $10 per
coin.

SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

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 entering into a contract under the authority of this
Act from complying with any law relating to equal employment
opportunity.

SEC. 8. DISTRIBUTION OF SURCHARGES.

All surcharges received by the Secretary from the sale of coins
issued under this Act shall be promptly paid by the Secretary--
(1) in the case of surcharges received in connection with
the sale of the first 500,000 coins issued, to the Jefferson
Endowment Fund, to be used--
(A) to establish and maintain an endowment to be a
permanent source of support for Monticello and its
historic furnishings; and
(B) for the Jefferson Endowment Fund's educational
programs, including the International Center for
Jefferson Studies; and
(2) in the case of surcharges received in connection with
the sale of all other such coins, to the Corporation for
Jefferson's Poplar Forest, to be used for the restoration and
maintenance of Poplar Forest.

SEC. 9. AUDITS.

The Comptroller General of the United States shall have the right
to examine such books, records, documents, and other data of the
entities specified in section 8, as may be related 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 of
section 5134 of title 31, United States Code, the Numismatic Public
Enterprise Fund.

SEC. 11. FINANCIAL ASSURANCES.

It is the sense of the Congress that this coin program shall be
self-sustaining, and should be administered to result in no net cost to
the Numismatic Public Enterprise Fund.

Passed the Senate May 27 (legislative day, April 19), 1993.

Attest:

WALTER J. STEWART,

Secretary.
A:
Jefferson Commemorative Coin Act of 1993 - Directs the Secretary of the Treasury to issue one-dollar silver coins emblematic of Thomas Jefferson and his home, Monticello.
Mandates that all surcharges received from the sale of such coins be paid to the Jefferson Endowment Fund and to the Corporation for Jefferson's Poplar Forest.
Expresses the sense of the Congress that the coin program shall be self-sustaining and that its administration should result in no net cost to the Numismatic Public Enterprise Fund.