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S. 3712 (112th): Boys Town Centennial Commemorative Coin Act

The text of the bill below is as of Dec 28, 2012 (Introduced).


II

112th CONGRESS

2d Session

S. 3712

IN THE SENATE OF THE UNITED STATES

December 28, 2012

introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To authorize the minting of a coin in honor of the Centennial of Boys Town, and for other purposes.

1.

Short title

This Act may be cited as the Boys Town Centennial Commemorative Coin Act.

2.

Findings

Congress finds that—

(1)

Boys Town is a nonprofit organization dedicated to saving children and healing families, nationally headquartered in the village of Boys Town, Nebraska;

(2)

Father Flanagan’s Boys Home, known as Boys Town, was founded on December 12, 1917, by Servant of God Father Edward Flanagan;

(3)

Boys Town was created to serve children of all races and religions;

(4)

news of Father Flanagan’s work spread worldwide with the success of the 1938 movie, Boys Town;

(5)

after World War II, President Truman asked Father Flanagan to take his message to the world, and he traveled the globe visiting war orphans and advising government leaders on how to care for displaced children;

(6)

Boys Town has grown exponentially, and now provides care to children and families across the country in 11 regions, including California, Nevada, Texas, Nebraska, Iowa, Louisiana, North Florida, Central Florida, South Florida, Washington, DC, New York, and New England;

(7)

the Boys Town National Hotline provides counseling to more than 150,000 callers each year;

(8)

the Boys Town National Research Hospital is a national leader in the field of hearing care and research into Usher Syndrome;

(9)

each year, Boys Town programs impact the lives of more than 2,000,000 children and families across America; and

(10)

December 12th, 2017, will mark the 100th Anniversary of Boys Town, Nebraska.

3.

Coin specifications

(a)

$1 silver coins

The Secretary of the Treasury (in this Act referred to as the Secretary) shall mint and issue not more than 350,000 $1 coins in commemoration of the centennial of the founding of Father Flanagan’s Boys Town, each of which shall—

(1)

weigh 26.73 grams;

(2)

have a diameter of 1.500 inches; and

(3)

contain 90 percent silver and 10 percent copper.

(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)

In general

The design of the coins minted under this Act shall be emblematic of the 100 years of one of the largest nonprofit child care agencies in the United States, Boys Town.

(b)

Designation 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 2017; and

(3)

inscriptions of the words Liberty, In God We Trust, United States of America, and E Pluribus Unum.

(c)

Selection

The design for the coins minted under this Act shall be—

(1)

selected by the Secretary, after consultation with the Executive Director of Boys Town and the Commission of Fine Arts; and

(2)

reviewed by the Citizens of 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)

Mint facility

Only 1 facility of the United States Mint may be used to strike any particular quality of the coins minted under this Act.

(c)

Period for issuance

The Secretary may issue coins under this Act only during the period beginning on January 1, 2017, and ending on December 31, 2018.

6.

Sale of coins

(a)

Sale price

The coins issued under this Act shall be sold by Secretary at a price equal to the sum of—

(1)

the face value of the coins;

(2)

the surcharge provided in section 7 with respect to such 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 issued under this Act shall include a surcharge of $10 per 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 paid to Boys Town, which funds will be made available to promote and provide for the cause of Boys Town, to care and assist children and families in underserved communities across America.

(c)

Audits

The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of Father Flanagan’s Boys Town as may be related to the expenditures of amounts paid 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 programs issuance limitation under section 5112(m)(1) of title 31, United States Code (as in effect on the date of enactment of this Act). The Secretary may issue guidance to carry out this subsection.