National Park Service 100th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue gold, silver, and half-dollar clad coins in commemoration of the 100th anniversary of the establishment of the National Park Service (NPS).
Authorizes the issuance of coins under this Act only for a one-year period, beginning on January 1, 2016.
Requires all sales of coins minted under this Act to include a surcharge of $35 per gold coin, $10 per silver coin, and $5 per half-dollar clad coin.
Requires all of the surcharges received from the sale of such coins to be paid to the National Park Foundation for projects and programs to help preserve and protect resources under the stewardship of the NPS and to promote public enjoyment and appreciation of those resources.
Prohibits the surcharges paid to the Foundation from being used for land acquisition.
[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5840 Introduced in House (IH)]
112th CONGRESS
2d Session
H. R. 5840
To provide for the issuance of coins to commemorate the 100th
anniversary of the establishment of the National Park Service, and for
other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 18, 2012
Mr. Duncan of Tennessee (for himself and Ms. Kaptur) introduced the
following bill; which was referred to the Committee on Financial
Services
_______________________________________________________________________
A BILL
To provide for the issuance of coins to commemorate the 100th
anniversary of the establishment of the National Park Service, and for
other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``National Park Service 100th
Anniversary Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) In 1916, Congress established the National Park Service
as a bureau within the Department of the Interior to administer
America's great national parks and monuments as a unified
National Park System.
(2) From 1916 to the present, the National Park System has
grown from 37 park units with 6,000,000 acres of land in the
western United States to more than 395 units with 84,000,000
acres of land in nearly all States and territories.
(3) The responsibilities of the National Park Service have
grown to include--
(A) managing national historic trails and national
scenic trails;
(B) administering wild and scenic rivers;
(C) recognizing America's most significant historic
resources through the National Register of Historic
Places and the National Historic Landmark program;
(D) providing historic preservation grants; and
(E) assisting communities in meeting their
preservation, conservation, and recreation needs.
(4) The National Park Service Organic Act of 1916, which
established the National Park Service, remains the preeminent
law guiding the management of parks and articulating the
Service's core mission, ``to conserve the scenery and the
natural and historic objects and the wild life therein and to
provide for the enjoyment of the same in such manner and by
such means as will leave them unimpaired for the enjoyment of
future generations''.
(5) The 100th anniversary of the National Park Service in
2016 will be an occasion to celebrate a century of American
vision and achievement in identifying and preserving our
Nation's special places for the benefit of everyone and the
culmination of 100 years of accomplishment by the National Park
Service's employees, partners, and volunteers. It will also
mark the beginning of the organization's second century of
service to the American people as environmental leaders and
vigilant stewards of the Nation's treasured places and stories.
(6) Coins commemorating the 100th anniversary of the
National Park Service will bring national and international
attention to the National Park System and to the legacy
Congress left in 1916 when it established a Federal agency to
ensure the protection of our Nation's most treasured natural
and cultural resources for all time.
(7) The proceeds from a surcharge on the sale of
commemorative coins will assist the financing of the needs of
the National Park Service's parks and programs, helping to
ensure that our Nation's great natural and cultural resources
will endure for generations to come.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue the
following coins:
(1) $5 gold coins.--Not more than 100,000 $5 coins, which
shall--
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent alloy.
(2) $1 silver coins.--Not more than 500,000 $1 coins, which
shall--
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent
copper.
(3) Half dollar clad coins.--Not more than 750,000 half
dollar coins, which shall--
(A) weigh 11.34 grams;
(B) have a diameter of 1.205 inches; and
(C) be minted to the specifications for half dollar
coins, contained in section 5112(b) of title 31, United
States Code.
(b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of sections 5134 and 5136 of
title 31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.
SEC. 4. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the 100th anniversary of the
National Park Service.
(2) Designation and inscriptions.--On each coin minted
under this Act there shall be--
(A) a designation of the face value of the coin;
(B) an inscription of the year ``2016''; and
(C) inscriptions of the words ``Liberty'', ``In God
We Trust'', ``United States of America'', and ``E
Pluribus Unum''.
(b) Selection.--The design for the coins minted under this Act
shall be--
(1) selected by the Secretary after consultation with--
(A) the National Park Service;
(B) the National Park Foundation; and
(C) the Commission of Fine Arts; and
(2) reviewed by the Citizens Coinage Advisory Committee.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the period beginning on January 1, 2016, and
ending on December 31, 2016.
SEC. 6. SALE OF COINS.
(a) Sale Price.--The coins issued under this Act shall be sold by
the Secretary at a price equal to the sum of--
(1) the face value of the coins;
(2) the surcharge provided in section 7(a) with respect to
the coins; and
(3) the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
issued under this Act at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of such
coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.
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.
(3) A surcharge of $5 per coin for the half dollar coin.
(b) Distribution.--
(1) 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 Act 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.
(2) Prohibition on land acquisition.--Surcharges paid to
the National Park Foundation pursuant to paragraph (1) may not
be used for land acquisition.
(c) 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
subsection (b).
(d) Limitations.--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 (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.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line