1. Short title
This Act may be cited as the “National Park Service 100th Anniversary Commemorative Coin Act”.
National Park Service 100th Anniversary Commemorative Coin Act
A BILL
To require the Secretary of the Treasury to mint coins commemorating the 100th anniversary of the establishment of the National Park Service, and for other purposes.
2. Findings
Congress finds that—
in 1916, Congress established the National Park Service as a bureau within the Department of the Interior to administer the great national parks and monuments in the United States as a unified National Park System;
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 every State and territory;
the responsibilities of the National Park Service have expanded to include—
managing national historic trails and national scenic trails;
administering wild and scenic rivers;
recognizing the most significant historic resources in the United States through the National Register of Historic Places and the National Historic Landmark program;
providing historic preservation grants; and
assisting communities in meeting their preservation, conservation, and recreation needs;
the National Park Service Organic Act of 1916 (Public Law 64–408, 39 Stat. 535), which established the National Park Service, remains the preeminent law guiding the management of parks and articulating the core mission of the National Park Service, “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”;
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 the special places in the United States for the benefit of all, and the culmination of 100 years of accomplishments by the employees, partners, and volunteers of the National Park Service;
2016 also will mark the beginning of the 2d century of service of the dedicated employees, partners, and volunteers of the National Park Service to the people of the United States as environmental leaders and vigilant stewards of the treasured places and stories of the United States;
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 the most treasured natural and cultural resources in the United States for all time; and
the proceeds from a surcharge on the sale of commemorative coins will assist the financing of the needs of the parks and programs of the National Park Service, helping to ensure that the great natural and cultural resources of the United States will endure for generations to come.
3. Coin specifications
Denominations—
$5 gold coins— The Secretary of the Treasury (referred to in this Act as the Secretary) shall mint and issue not more than 100,000 $5 coins, which shall—
weigh 8.359 grams;
have a diameter of 0.850 inches; and
contain 90 percent gold and 10 percent alloy.
$1 silver coins— The Secretary shall mint and issue not more than 500,000 $1 coins, which shall—
weigh 26.73 grams;
have a diameter of 1.500 inches; and
contain 90 percent silver and 10 percent copper.
Half dollar clad coins— The Secretary shall mint and issue not more than 750,000 half dollar clad coins, which shall—
weigh 11.34 grams;
have a diameter of 1.205 inches; and
be minted to the specifications for half dollar clad coins in section 5112(b) of title 31, United States Code.
Legal tender— The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
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
Design requirements—
In general— The design of the coins minted under this Act shall be emblematic of the 100th anniversary of the National Park Service.
Designation and inscriptions— On each coin minted under this Act there shall be—
a designation of the face value of the coin;
an inscription of the year 2016; and
inscriptions of the words Liberty, In God We Trust, United States of America, and E Pluribus Unum.
Selection— The design for the coins minted under this Act shall be—
selected by the Secretary after consultation with—
the National Park Service;
the National Park Foundation; and
the Commission of Fine Arts; and
reviewed by the Citizens Coinage Advisory Committee.
5. Issuance of coins
6. Sale of coins
Sale price— The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of—
the face value of the coins;
the surcharge provided in section 7(a) with respect to the coins; and
the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
Bulk sales— The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
Prepaid orders—
In general— The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.
Discount— Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
7. Surcharges
In general— All sales of coins minted under this Act shall include—
a surcharge of $35 per coin for the $5 coin;
a surcharge of $10 per coin for the $1 coin; and
a surcharge of $5 per coin for the half dollar coin.
Distribution—
In general— Subject to section 5134(f) of title 31, United States Code, all surcharges that 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.
Prohibition on land acquisition— Surcharges paid to the National Park Foundation pursuant to paragraph (1) may not be used for land acquisition.
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 National Park Foundation under subsection (b).
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 2 commemorative coin program 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.