Sec. 7. SURCHARGES
329 words·~1 min read·
/statute-compilations/comps-16982/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 issued under this Act shall include— ####
(1)a surcharge of $35 per coin for the $5 coins; ####
(2)a surcharge of $10 per coin for the $1 coins; and ####
(3)a surcharge of $5 per coin for the half-dollar coin. ###
(b)Distribution ####
(1)In general Except as provided in paragraph (2), 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 equally to the National Underground Railroad Freedom Center in Cincinnati, Ohio, and The Harriet Tubman Home, Inc. in Auburn, New York, for the purpose of accomplishing and advancing their missions. ####
(2)Exception Notwithstanding section 5134(f)(1) of title 31, United States Code, if an entity described in paragraph
(1)of this subsection raises funds from private sources in an amount that is less than the total amount of the proceeds of the surcharge derived from the sale of the coins issued under this Act, the Secretary shall promptly pay to the other entity the proceeds of such surcharge. ###
(c)Audits The National Underground Railroad Freedom Center in Cincinnati, Ohio, and The Harriet Tubman Home, Inc. in Auburn, New York, 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). ###
(d)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 2 commemorative coin program issuance limitation under section 5112(m)(1) of title 31, United States Code. The Secretary of the Treasury may issue guidance to carry out this subsection.