1.This Act may be cited as
the National Infantry Museum and
Soldier Center Commemorative Coin Act of 2008
.
2.
(a)The Secretary of the Treasury (hereafter in this Act
referred to as the Secretary
) shall mint and issue not more than
350,000 $1 coins in commemoration of the legacy of the United States Army
Infantry and the establishment of the National Infantry Museum and Soldier
Center, 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)The coins minted under this Act shall be legal tender, as
provided in section 5103 of title 31, United States Code.
(c)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.
3.
(a)
(1)The design of the coins minted under this Act shall be
emblematic of the courage, pride, sacrifice, sense of duty, and history of the
United States Infantry.
(2)Designation and
inscriptionsOn each coin minted under this Act, there shall
be—
(A)a designation of
the value of the coin;
(B)an inscription of
the year 2012
; and
(C)inscriptions of
the words Liberty
, In God We Trust
, United
States of America
, and E Plurbus Unum
.
(b)The
design for the coins minted under this Act shall be—
(1)selected by the
Secretary, after consultation with the National Infantry Foundation and the
Commission of Fine Arts; and
(2)reviewed by the
Citizens Coinage Advisory Committee.
4.
(a)Coins minted under this Act shall be issued in uncirculated
and proof qualities.
(b)
(1)Only 1 facility of the United States Mint may be used to
strike any particular quality of the coins minted under this Act.
(2)Use of the
United States Mint at West Point, New YorkIt is the sense of
Congress that the coins minted under this Act should be struck at the United
States Mint at West Point, New York, to the greatest extent possible.
(c)The Secretary may issue coins under this Act only during
the calendar year beginning on January 1, 2012.
5.
(a)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 6 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)The Secretary shall make bulk sales of the coins issued
under this Act at a reasonable discount.
(c)
(1)The Secretary shall accept prepaid orders for the coins
minted under this Act before the issuance of such coins.
(2)Sale
prices with respect to prepaid orders under paragraph (1) shall be at a
reasonable discount.
6.
(a)All sales of coins issued under this Act shall include a
surcharge of $10 per coin.
(b)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 paid to the
National Infantry Foundation for the purpose of establishing an endowment to
support the maintenance of the National Infantry Museum and Soldier Center
following its completion.
(c)The
Comptroller General of the United States shall have the right to examine such
books, records, documents, and other data of the National Infantry Foundation
as may be related to the expenditures of amounts paid under subsection
(b).
(d)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 (as in effect on the date of the enactment of this Act). The Secretary of
the Treasury may issue guidance to carry out this subsection.