[Congressional Bills 103th Congress]
[From the U.S. Government Printing Office]
[H.R. 3372 Introduced in House (IH)]
103d CONGRESS
1st Session
H. R. 3372
To provide for the minting of coins in commemoration of the 50th
Anniversary of the Liberation of Guam and the Northern Mariana Islands,
and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 26, 1993
Mr. Underwood (for himself, Mr. Abercrombie, Mr. de Lugo, Mr. Edwards
of California, Mr. Faleomavaega, Mr. Frost, Mr. Gallegly, Ms. Norton,
Mr. King, Mr. Lipinski, Mrs. Meek, Mrs. Mink, Mr. Murphy, and Mr.
Serrano) 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 in commemoration of the 50th
Anniversary of the Liberation of Guam and the Northern Mariana Islands,
and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Guam and the Northern Marianas
Commemorative Coin Act''.
SEC. 2. COIN SPECIFICATIONS.
(a) Issuance.--The Secretary of the Treasury (hereafter in this Act
referred to as the ``Secretary'') shall issue not more than 1,500,000
one dollar coins which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; and
(3) contain 90 percent silver and 10 percent copper.
(b) Design.--The design of the coins authorized under subsection
(a) shall be emblematic of the heroism of the American forces that
liberated Guam and the Northern Mariana Islands in World War II. On
each such coin there shall be a designation of the value of the coin,
an inscription of the years ``1944-1994'', and inscriptions of the
words ``Mariana Islands'', ``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.
(d) Numismatic Items.--The coins issued under this Act shall be
considered numismatic items for purposes of section 5134 of title 31,
United States Code.
SEC. 3. SOURCES OF BULLION.
The Secretary shall obtain silver for the coins minted under this
title from stockpiles established under the Strategic and Critical
Minerals Stock Piling Act.
SEC. 4. SELECTION OF DESIGN.
The design for each coin authorized under this Act shall be
selected by the Secretary after consultation with the Delegate from
Guam to Congress and the Resident Representative of the Commonwealth of
the Northern Mariana Islands.
SEC. 5. SALE OF 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, overhead expenses, marketing and shipping), and the
surcharge provided for in subsection (d).
(b) Bulk Sales.--The Secretary shall make bulk sales at a
reasonable account.
(c) Prepaid Orders.--The Secretary shall accept prepaid orders for
the coins issued under this Act prior to the issuance of such coins.
Sales under this subsection shall be at a reasonable discount.
(d) Surcharge Required.--All sales of coins issued under this Act
shall include a surcharge of $10 per coin.
SEC. 6. USE OF SURCHARGES.
The surcharges received by the Secretary from the sale of the coins
issued under this Act shall be made available or paid to the Secretary
of the Interior for the following purposes:
(1) Amounts to be made available for the construction of a
visitors center and museum on guam.--The Secretary of the
Treasury shall make available to the Secretary of the Interior
all funds from such surcharges as may be necessary to construct
a visitors center and museum at the War in the Pacific National
Historical Park on Guam.
(2) Amounts to be made available for the construction of a
visitors center and museum on saipan.--The Secretary of the
Treasury shall make available to the Secretary of the Interior
all funds from such surcharges as may be necessary to construct
a visitors center and museum at the American Memorial Park on
Saipan.
SEC. 7. ISSUANCE OF THE COINS.
(a) Period for Issuance.--The Secretary shall make every effort to
issue the coins under this Act by July 21, 1994. The coins shall be
made available for issue during the 1-year period beginning on the date
the coins are first issued.
(b) Proof and Uncirculated Coins.--The coins authorized under this
Act shall be issued in uncirculated and proof qualities.
SEC. 8. GENERAL WAIVER OF PROCUREMENT REGULATIONS.
(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 or services required to carry out this Act.
(b) Equal Employment Opportunity.--Subsection (a) shall not relieve
any person entering into a contract under the authority of this Act
from complying with any law relating to equal employment opportunity.
SEC. 9. FINANCIAL ASSURANCE.
(a) No Net Cost to the Government.--The Secretary shall take such
actions as may be necessary to ensure that the minting and issuance of
the coins referred to in section 2 shall not result in any net cost to
the Federal Government.
(b) Payment for Coins.--No coin shall be issued under this Act
unless the Secretary has received--
(1) full payment for such coin;
(2) security satisfactory to the Secretary to indemnify 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 Government.
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