Sec. 7. SURCHARGES
321 words·~1 min read·
/statute-compilations/comps-13755/sec-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 7 SURCHARGES ###
(a)In General All sales of coins minted under this Act shall include a surcharge as follows: ####
(1)A surcharge of $35 per coin for the $5 coin. ####
(2)A surcharge of $10 per coin for the $1 coin described under section 3(a)(2). ####
(3)A surcharge of $5 per coin for the half-dollar coin. ###
(b)Distribution Subject to section 5134(f) of title 31, United States Code, all surcharges received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to The American Legion for costs related to— ####
(1)promoting the importance of and caring for those who have served in uniform, ensuring they receive proper health care and disability benefits earned through military service; ####
(2)promoting the importance of, and caring for, those who are still serving in the Armed Forces; ####
(3)promoting the importance of maintaining the patriotic values, morals, culture, and citizenship of the United States; and ####
(4)promoting the importance of maintaining strong families, assistance for at-risk children, and activities that promote their healthy and wholesome development. ###
(c)Limitation Notwithstanding subsection (a), no surcharge may be included with respect to the issuance under this Act 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 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 subsection. ###
(d)Audit The recipient described under subsection
(b)shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with regard to the amounts received under subsection (b).