| Home > 106th Congressional Bills > S. 1468 (is) To authorize the minting and issuance of Capitol Visitor Center Commemorative coins, and for other purposes. [Introduced in Senate] ...
S. 1468 (is) To authorize the minting and issuance of Capitol Visitor Center Commemorative coins, and for other purposes. [Introduced in Senate] ...
106th CONGRESS 1st Session S. 1468 _______________________________________________________________________ AN ACT To authorize the minting and issuance of Capitol Visitor Center Commemorative coins, 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 ``United States Capitol Visitor Center Commemorative Coin Act of 1999''. SEC. 2. FINDINGS. Congress finds that-- (1) Congress moved to Washington, District of Columbia, and first convened in the Capitol building in the year 1800; (2) the Capitol building is now the greatest visible symbol of representative democracy in the world; (3) the Capitol building has approximately 5,000,000 visitors annually and suffers from a lack of facilities necessary to properly serve them; (4) the Capitol building and persons within the Capitol have been provided with excellent security through the dedication and sacrifice of the United States Capitol Police; (5) Congress has appropriated $100,000,000, to be supplemented with private funds, to construct a Capitol Visitor Center to provide continued high security for the Capitol and enhance the educational experience of visitors to the Capitol; (6) Congress would like to offer the opportunity for all persons to voluntarily participate in raising funds for the Capitol Visitor Center; and (7) it is appropriate to authorize coins commemorating the first convening of the Congress in the Capitol building with proceeds from the sale of the coins, less expenses, being deposited for the United States Capitol Preservation Commission with the specific purpose of aiding in the construction, maintenance, and preservation of a Capitol Visitor Center. SEC. 3. COIN SPECIFICATIONS. (a) Denominations.--The Secretary of the Treasury (hereafter in this Act referred to as the ``Secretary'') shall mint and issue the following coins: (1) Bimetallic coins.--Not more than 200,000 $10 bimetallic coins of gold and platinum, in accordance with such specifications as the Secretary determines to be appropriate. (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. (3) Half dollar.--Not more than 750,000 half dollar clad coins, each of which-- (A) shall weigh 11.34 grams; (B) have a diameter of 1.205 inches; and (C) be minted to the specifications for half dollar coins contained in section 5112(b) of title 31, United States Code. (b) $5 Gold Coins.--If the Secretary determines that the minting and issuance of bimetallic coins under subsection (a)(1) is not feasible, the Secretary may mint and issue instead not more than 100,000 $5 coins, which shall-- (1) weigh 8.359 grams; (2) have a diameter of 0.850 inches; and (3) contain 90 percent gold and 10 percent alloy. (c) Waiver.--Each of the mintage levels specified in subsection (a) may be waived in accordance with section 5112(m)(2)(B) of title 31, United States Code. (d) Legal Tender.--The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code. SEC. 4. SOURCES OF BULLION. (a) Platinum and Gold.--The Secretary shall obtain platinum and gold for minting coins under this Act from available sources. (b) Silver.--The Secretary may obtain silver for minting coins under this Act from stockpiles established under the Strategic and Critical Materials Stock Piling Act, and from other available sources. SEC. 5. DESIGN OF COINS. (a) Design Requirements.-- (1) In general.--The design of the coins minted under this Act shall be emblematic of the first meeting of the United States Congress in the United States Capitol Building. (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 ``2000''; and (C) inscriptions of the words ``Liberty'', ``In God We Trust'', ``United States of America'', and ``E Pluribus Unum''. (b) Selection.--The design for the coins minted under this Act shall be-- (1) selected by the Secretary, after consultation with the United States Capitol Preservation Commission (in this Act referred to as the ``Commission'') and the Commission of Fine Arts; and (2) reviewed by the Citizens Commemorative Coin Advisory Committee. SEC. 6. 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 combination of denomination and quality of the coins minted under this Act. (c) First Use of Year 2000 Date.--The coins minted under this Act shall be the first commemorative coins of the United States to be issued bearing the inscription of the year ``2000''. (d) Promotion Consultation.--The Secretary shall-- (1) consult with the Commission in order to establish a role for the Commission or an entity designated by the Commission in the promotion, advertising, and marketing of the coins minted under this Act; and (2) if the Secretary determines that such action would be beneficial to the sale of coins minted under this Act, enter into a contract with the Commission or an entity referred to in paragraph (1) to carry out the role established under paragraph (1). SEC. 7. SALE OF COINS. (a) Sale Price.--The coins minted 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 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 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. (d) Surcharges.--All sales under this Act shall include a surcharge established by the Secretary, in an amount equal to not more than-- (1) $50 per coin for the $10 coin or $35 per coin for the $5 coin; (2) $10 per coin for the $1 coin; and (3) $3 per coin for the half dollar coin. SEC. 8. DISTRIBUTION OF SURCHARGES. All surcharges received by the Secretary from the sale of coins minted under this Act shall be deposited in the Capitol Preservation Fund in accordance with section 5134(f) of title 31, United States Code, and shall be made available to the Commission for the purpose of aiding in the construction, maintenance, and preservation of a Capitol Visitor Center. Passed the Senate July 30, 1999. Attest: Secretary. 106th CONGRESS 1st Session S. 1468 _______________________________________________________________________ AN ACT To authorize the minting and issuance of Capitol Visitor Center Commemorative coins, and for other purposes.
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