< Back to H.R. 5840 (112th Congress, 2011–2013)

Text of the National Park Service 100th Anniversary Commemorative Coin Act

This bill was introduced on May 18, 2012, in a previous session of Congress, but was not enacted. The text of the bill below is as of May 18, 2012 (Introduced).

Source: GPO

I

112th CONGRESS

2d Session

H. R. 5840

IN THE HOUSE OF REPRESENTATIVES

May 18, 2012

(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.

1.

Short title

This Act may be cited as the National Park Service 100th Anniversary Commemorative Coin Act.

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.

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.

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.

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.

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.

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.