Sec. 3055. COIN TO COMMEMORATE 100TH ANNIVERSARY OF THE NATIONAL PARK SERVICE
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## SEC. 3055 COIN TO COMMEMORATE 100TH ANNIVERSARY OF THE NATIONAL PARK SERVICE **[**[31 U.S.C. 5112 note](/us/usc/t31/s5112)**]** ###
(a)Coin Specifications ####
(1)Denominations The Secretary of the Treasury (in this section referred to as the “Secretary”) shall mint and issue the following coins: #####
(A)$5 GOLD COINS Not more than 100,000 $5 coins, which shall— ######
(i)weigh 8.359 grams; ######
(ii)have a diameter of 0.850 inches; and ######
(iii)contain 90 percent gold and 10 percent alloy. #####
(B)$1 SILVER COINS Not more than 500,000 $1 coins, which shall— ######
(i)weigh 26.73 grams; ######
(ii)have a diameter of 1.500 inches; and ######
(iii)contain 90 percent silver and 10 percent copper. #####
(C)Half dollar clad coins Not more than 750,000 half dollar coins, which shall— ######
(i)weigh 11.34 grams; ######
(ii)have a diameter of 1.205 inches; and ######
(iii)be minted to the specifications for half dollar coins, contained in section 5112(b) of title 31, United States Code. ####
(2)Legal tender The coins minted under this section shall be legal tender, as provided in section 5103 of title 31, United States Code. ####
(3)Numismatic items 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. ###
(b)Design of Coins ####
(1)Design requirements #####
(A)In general The design of the coins minted under this section shall be emblematic of the 100th anniversary of the National Park Service. #####
(B)Designation and inscriptions On each coin minted under this section there shall be— ######
(i)a designation of the face value of the coin; ######
(ii)an inscription of the year “2016”; and ######
(iii)inscriptions of the words “Liberty”, “In God We Trust”, “United States of America”, and “E Pluribus Unum”. ####
(2)Selection The design for the coins minted under this section shall be— #####
(A)selected by the Secretary after consultation with— ######
(i)the National Park Service; ######
(ii)the National Park Foundation; and ######
(iii)the Commission of Fine Arts; and #####
(B)reviewed by the Citizens Coinage Advisory Committee. ###
(c)Issuance of Coins ####
(1)Quality of coins Coins minted under this section shall be issued in uncirculated and proof qualities. ####
(2)Period for issuance The Secretary may issue coins minted under this section only during the period beginning on January 1, 2016, and ending on December 31, 2016. ###
(d)Sale of Coins ####
(1)Sale price The coins issued under this section shall be sold by the Secretary at a price equal to the sum of— #####
(A)the face value of the coins; #####
(B)the surcharge provided in subsection (e)(1) with respect to the coins; and #####
(C)the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping). ####
(2)Bulk sales The Secretary shall make bulk sales of the coins issued under this section at a reasonable discount. ####
(3)Prepaid orders #####
(A)In general The Secretary shall accept prepaid orders for the coins minted under this section before the issuance of such coins. #####
(B)Discount Sale prices with respect to prepaid orders under subparagraph
(A)shall be at a reasonable discount. ###
(e)Surcharges ####
(1)In general All sales of coins minted under this section shall include a surcharge as follows: #####
(A)A surcharge of $35 per coin for the $5 coin. #####
(B)A surcharge of $10 per coin for the $1 coin. #####
(C)A surcharge of $5 per coin for the half dollar coin. ####
(2)Distribution #####
(A)In general 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. #####
(B)Prohibition on land acquisition Surcharges paid to the National Park Foundation pursuant to subparagraph
(A)may not be used for land acquisition. ####
(3)Audits 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). ####
(4)Limitations 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. ###
(f)Financial Assurances The Secretary shall take such actions as may be necessary to ensure that— ####
(1)minting and issuing coins under this section will not result in any net cost to the United States Government; and ####
(2)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. ###
(g)Budget Compliance 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.
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Sec. 3055
COIN TO COMMEMORATE 100TH ANNIVERSARY OF THE NATIONAL PARK SERVICE
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