H.R. 5733: Glacier National Park Commemorative Coin Act

HR 5733 IH (Introduced in House)

To require the Secretary of the Treasury to mint and issue coins commemorating the 100th anniversary of the establishment of Glacier National Park, and for other purposes.

April 8, 2008

Mr. REHBERG introduced the following bill; which was referred to the Committee on Financial Services

To require the Secretary of the Treasury to mint and issue coins commemorating the 100th anniversary of the establishment of Glacier National Park, 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 `Glacier National Park Commemorative Coin Act’.

SEC. 2. FINDINGS.

The Congress finds the following:

(1) On May 11, 1910, President William Howard Taft signed a bill establishing Glacier National Park; the Nation’s 10th national park.

(2) In 1931, members of the Rotary Clubs of Alberta and Montana suggested joining Glacier National Park with its adjacent cross-border Canadian national park, Waterton Lakes National Park, as a symbol of peace and friendship between the two nations.

(3) In 1932, the United States and Canadian governments agreed to jointly designate the two parks as Waterton-Glacier International Peace Park, the world’s first.

(4) Both parks are biosphere reserves, and were named as a World Heritage Site in 1995, highlighting the importance of the parks, not just to the United States and Canada, but to the entire world.

(5) Glacier National Park’s rugged and soaring mountains, pristine forests, watchable wildlife, alpine meadows, and spectacular lakes have inspired generations of people to explore and experience nature.

(6) Known as `The Crown of the Continent’, Glacier National Park, with its awe-inspiring beauty, majesty and grandeur, is an incredible national treasure.

(7) 2010 will mark the 100th anniversary of the establishment of Glacier National Park.

SEC. 3. COIN SPECIFICATIONS.

(a) Denomination- In commemoration of the 100th anniversary of the establishment of Glacier National Park, the Secretary of the Treasury (hereafter in this Act referred to as the `Secretary’) shall mint and issue not more than 200,000 $1 coins, 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.

SEC. 4. DESIGN OF COINS.

(a) Design Requirements-

(1) IN GENERAL- The design of the coins minted under this Act shall be emblematic of Glacier National Park, its natural features, and wildlife.

(2) DESIGNATION AND INSCRIPTIONS- On each coin minted under this Act there shall be–

(A) a designation of the value of the coin;

(B) an inscription of the year `2010′; 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 the Glacier National Park Fund and 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 under this Act only during the calendar year beginning on January 1, 2010.

SEC. 6. SALE OF COINS.

(a) Sale Price- Notwithstanding any other provision of law, the coins issued under this Act shall be sold by the Secretary at a price equal to–

(1) the face value of the coins;

(2) the surcharge provided in section 7(a) 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 at a Discount-

(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 of $10 per coin.

(b) Distribution- Subject to section 5134(f) of title 31, United States Code, the surcharges received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to the Glacier National Park Fund of Whitefish, Montana, for use in–

(1) supporting the celebration, preservation, and promotion of Glacier National Park; and

(2) maintaining and expanding the infrastructure and facilities of Glacier National Park.

(c) Audits- The Glacier National Park Fund of Whitefish, Montana, shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code.