Page:United States Statutes at Large Volume 96 Part 1.djvu/265

 PUBLIC LAW 97-220—JULY 22, 1982

96 STAT. 223

SALES WITHIN THE UNITED STATES

SEC. 3. (a) Notwithstanding any other provision of the law, the 31 USC 5112 coins issued under this Act shall be sold within the United States ^°^^(including United States military and diplomatic establishments outside the United States) by the Secretary under such regulations as he may prescribe and at a price equal to face value, plus the cost of issuing such coins (including labor, materials, dies, use of machinery, and overhead expenses). (b) The Secretary shall make bulk sales at a reasonable discount to reflect the lower costs of such sales. (c) The Secretary shall accept prepaid orders for the coins prior to the issuance of such coins. Sales under this subsection shall be at a reasonable discount to reflect the benefit of prepayment. (d) All sales shall include a surcharge, established by the Secretary, of not less than $10 per coin for one-dollar coins and not less than $50 per coin for ten-dollar coins. INTERNATIONAL SALES

SEC. 4. (a) The Secretary shall assign the rights to market the 31 USC 5112 coins outside the United States (excluding United States military ^°^^and diplomatic establishments outside the United States) to a marketing organization selected under section 5. (b) The marketing organization assigned the rights under this section shall pay a price determined under sections 3(b) and (d). SELECTION OF INTERNATIONAL MARKETERS

SEC. 5. (a) As soon as possible after the effective date of this Act, a 31 USC 5112 committee consisting of the Secretary of the Treasury, the executive ^°*®' director of the United States Olympic Committee, and the president of the Los Angeles Olympic Organizing Committee, shall solicit, in accordance with procedures specified by the Secretary of the Treasury, proposals from marketing organizations to carry out a marketing agreement. Such procedures shall include the publication of evaluation criteria that will serve as a basis for selecting one or more marketing organizations. Such criteria shall include— (1) the financial resources and coin marketing experience of the marketing organization; (2) the estimated proceeds from the sale or other disposition of the coins; and (3) the commitment of the marketing organization to purchase a certain minimum number of such coins or to pay the surcharge on such coins; and (4) the terms and conditions for the marketing of the coins, including— (A) proper and equitable distribution of the coins, and (B) accurate and otherwise appropriate advertising materials to be used in promoting the coins. (b) Within forty-five days after the effective date of this Act, the committee shall consider all proposals received from marketing organizations under subsection (a) and select by majority vote one or more marketing organizations which offer the terms for marketing of the coins most favorable in accordance with the published evaluation criteria. Any marketing organization selected shall be acceptable to the Secretary of the Treasury.

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