[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1299 Engrossed in Senate (ES)]
112th CONGRESS
2d Session
S. 1299
_______________________________________________________________________
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the centennial of the establishment of Lions Clubs International.
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 ``Lions Clubs International Century of
Service Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds as follows:
(1) Lions Clubs International is the world's largest
service club organization founded in 1917 by Chicago business
leader Melvin Jones. Lions Clubs International empowers
volunteers to serve their communities, meet humanitarian needs,
encourage peace and promote international understanding through
Lions clubs.
(2) Today, Lions Clubs International has over 1.35 million
members in more than 45,000 clubs globally, extending its
mission of service throughout the world every day.
(3) In 1945, Lions Clubs International became one of the
first nongovernmental organizations invited to assist in
drafting the United Nations Charter and has enjoyed a special
relationship with the United Nations ever since.
(4) In 1968, Lions Clubs International Foundation was
established to assist with global and large-scale local
humanitarian projects and has since then awarded more than $700
million to fund five unique areas of service: preserving sight,
combating disability, promoting health, serving youth and
providing disaster relief.
(5) In 1990, the Lions Clubs International Foundation
launched the SightFirst program to build comprehensive eye care
systems to fight the major causes of blindness and care for the
blind or visually impaired. Thanks to the generosity of Lions
worldwide, over $415 million has been raised, resulting in the
prevention of serious vision loss in 30 million people and
improved eye care for hundreds of millions of people.
(6) On June 7, 2017, Lions Clubs International will
celebrate 100 years of community service to men, women, and
children in need throughout the world.
SEC. 3. COIN SPECIFICATIONS.
(a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue not
more than 400,000 $1 coins in commemoration of the centennial of the
founding of the Lions Clubs International, 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 the centennial of the Lions Clubs
International.
(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 ``2017''; 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) chosen by the Secretary after consultation with Lions
Clubs International Special Centennial Planning Committee 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) Mint Facility.--Only one 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 calendar year beginning on January 1, 2017.
SEC. 6. SALE OF COINS.
(a) Sale Price.--The coins issued under this Act shall be sold by
the 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.
SEC. 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 promptly paid by the Secretary to
the Lions Clubs International Foundation for the purposes of--
(1) furthering its programs for the blind and visually
impaired in the United States and abroad;
(2) investing in adaptive technologies for the disabled;
and
(3) investing in youth and those affected by a major
disaster.
(c) Audits.--The Comptroller General of the United States shall
have the right to examine such books, records, documents, and other
data of the Lions Clubs International Foundation 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 program issuance limitation under section 5112(m)(1) of title 31,
United States Code. The Secretary may issue guidance to carry out this
subsection.
Passed the Senate July 26, 2012.
Attest:
Secretary.
112th CONGRESS
2d Session
S. 1299
_______________________________________________________________________
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the centennial of the establishment of Lions Clubs International.