Sec. 3055. Coin to commemorate 100th anniversary of the National Park Service
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The Secretary of the Treasury (in this section referred to as the Secretary ) shall mint and issue the following coins: Not more than 100,000 $5 coins, which shall— weigh 8.359 grams; have a diameter of 0.850 inches; and contain 90 percent gold and 10 percent alloy. Not more than 500,000 $1 coins, which shall— weigh 26.73 grams; have a diameter of 1.500 inches; and contain 90 percent silver and 10 percent copper. Not more than 750,000 half dollar coins, which shall— weigh 11.34 grams; have a diameter of 1.205 inches; and be minted to the specifications for half dollar coins, contained in section 5112(b) of title 31, United States Code.
The coins minted under this section shall be legal tender, as provided in section 5103 of title 31, United States Code. For purposes of sections 5134 and 5136 of title 31, United States Code, all coins minted under this section shall be considered to be numismatic items. The design of the coins minted under this section shall be emblematic of the 100th anniversary of the National Park Service. On each coin minted under this section there shall be— a designation of the face value of the coin; an inscription of the year 2016 ; and inscriptions of the words Liberty , In God We Trust , United States of America , and E Pluribus Unum .
The design for the coins minted under this section shall be— selected by the Secretary after consultation with— the National Park Service; the National Park Foundation; and the Commission of Fine Arts; and reviewed by the Citizens Coinage Advisory Committee. Coins minted under this section shall be issued in uncirculated and proof qualities. The Secretary may issue coins minted under this section only during the period beginning on January 1, 2016, and ending on December 31, 2016.
The coins issued under this section 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 (e)(1) with respect to the coins; and the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping). The Secretary shall make bulk sales of the coins issued under this section at a reasonable discount. The Secretary shall accept prepaid orders for the coins minted under this section before the issuance of such coins.
Sale prices with respect to prepaid orders under subparagraph
(A)shall be at a reasonable discount. All sales of coins minted under this section shall include a surcharge as follows: A surcharge of $35 per coin for the $5 coin. A surcharge of $10 per coin for the $1 coin. A surcharge of $5 per coin for the half dollar coin. Subject to section 5134(f) of title 31, United States Code, all surcharges which are received by the Secretary from the sale of coins issued under this section shall be promptly paid by the Secretary to the National Park Foundation for projects and programs that help preserve and protect resources under the stewardship of the National Park Service and promote public enjoyment and appreciation of those resources. Surcharges paid to the National Park Foundation pursuant to subparagraph
(A)may not be used for land acquisition. The National Park Foundation shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with regard to the amounts received by the Foundation under paragraph (2). Notwithstanding paragraph (1), no surcharge may be included with respect to the issuance under this section of any coin during a calendar year if, as of the time of such issuance, the issuance of such coin would result in the number of commemorative coin programs issued during such year to exceed the annual 2 commemorative coin program issuance limitation under section 5112(m)(1) of title 31, United States Code (as in effect on the date of the enactment of this Act). The Secretary of the Treasury may issue guidance to carry out this paragraph. The Secretary shall take such actions as may be necessary to ensure that— minting and issuing coins under this section will not result in any net cost to the United States Government; and no funds, including applicable surcharges, shall be disbursed to any recipient designated in subsection
(e)until the total cost of designing and issuing all of the coins authorized by this section (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping) is recovered by the United States Treasury, consistent with sections 5112(m) and 5134(f) of title 31, United States Code. The budgetary effects of this section, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this section, submitted for printing in the Congressional Record by the Chairman of the Committee on the Budget of the House of Representatives, provided that such statement has been submitted prior to the vote on passage.