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Code · STATUTE-COMPILATIONS · Naismith Memorial Basketball Hall of Fame Commemorative Coin Act · Sec. 4

Sec. 4. DESIGN OF COINS

278 words·~1 min read·/statute-compilations/comps-15216/sec-4

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## SEC. 4 DESIGN OF COINS ###
(a)In General The design for the coins minted under this Act shall be— ####
(1)selected by the Secretary after consultation with the Commission of Fine Arts; and ####
(2)reviewed by the Citizens Coinage Advisory Committee. ###
(b)Designations and Inscriptions On each coin minted under this Act there shall be— ####
(1)a designation of the value of the coin; ####
(2)an inscription of the year “2020”; and ####
(3)inscriptions of the words “Liberty”, “In God We Trust”, “United States of America”, and “E Pluribus Unum”. ###
(c)Selection and Approval Process for Obverse Design ####
(1)In general The Secretary shall hold a competition to determine the design of the common obverse of the coins minted under this Act, with such design being emblematic of the game of basketball. ####
(2)Selection and approval Proposals for the design of coins minted under this Act may be submitted in accordance with the design selection and approval process developed by the Secretary in the sole discretion of the Secretary. ####
(3)Proposals As part of the competition described in this subsection, the Secretary may accept proposals from artists, engravers and other employees of the United States Mint, other Government employees, and members of the general public. ####
(4)Compensation The Secretary shall determine compensation for the winning design under this subsection, which shall be not less than $5,000. The Secretary shall take into account this compensation amount when determining the sale price described in section 6(a). ###
(d)Reverse Design The design on the common reverse of the coins minted under this Act shall depict a basketball.
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