Page:United States Statutes at Large Volume 106 Part 1.djvu/179

 PUBLIC LAW 102-281—MAY 13, 1992 106 STAT. 147 (b) SILVER.— The Secretary shall obtain silver for minting coins under this title only from stockpiles established under the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98 et seq.). SEC. 504. ISSUANCE OF COINS. (a) FIVE DOLLAR COINS.—The five dollar coins minted under New York, this title may be issued in uncirculated and proof qualities and shall be struck at the United States Mint at West Point, New York. (b) ONE DOLLAR COINS AND HALF DOLLAR COINS.—The one dollar and half dollar coins minted under this title may be issued in uncirculated and proof qualities, except that not more than one facility of the United States Mint may be used to strike any particular combination of denomination and quaUty. (c) COMMENCEMENT OF ISSUANCE.— The coins authorized and minted under this title may be issued beginning on January 1, 1993. (d) TERMINATION OF AUTHORITY. —Coins may not be minted under this title after December 31, 1993. SEC. 505. SALE OF COINS. (a) IN GENERAL. —Notwithstanding any other provision of law, the Secretary shall sell the coins minted under this title at a price at least equal to the face value, plus the cost of minting and issuing the coins (including labor, materials, overhead, distribution, and promotional expenses). (b) BULK SALES. —The Secretary shall make any bulk sales of the coins minted under this title at a reasonable discount. (c) PREPAID ORDERS.— The Secretary shall accept prepaid orders for the coins minted under this title prior to the issuance of such coins. Sale prices with respect to such prepaid orders shall be at a reasonable discount. (d) SURCHARGES. — All sales of coins minted under this title shall include a surcharge of $30 per coin for the five dollar coins, $6 per coin for the one dollar coins, and $3 per coin for the half dollar coins. SEC. 506. FINANCIAL ASSURANCES. (a) No NET COST TO THE GOVERNMENT. —The Secretary shall take such actions as may be necessary to ensure that minting and issuing coins under this title will not result in any net cost to the United States Government. (b) PAYMENT FOR COINS. —^A coin shall not be issued under this title unless the Secretary has received— (1) full payment for the coin; (2) security satisfactory to the Secretary to indemnify the United States for full payment; or (3) a guarantee of full payment satisfactory to the Secretary from a depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration Board. (c) REPORTS TO CONGRESS.— Not later than fifteen days afl»r the last day of each month, the Secretary shall transmit to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report detailing activities carried out under this title during such month. The report shall include a review of all marketing activities and a financial statement which

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