[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 4001 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 4001

To require the Secretary of the Treasury to mint coins in commemoration 
of the Centennial of Marine Corps Aviation, and to support construction 
                  of the Marine Corps Heritage Center.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            December 2, 2010

  Mr. Webb (for himself and Mr. Thune) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of the Treasury to mint coins in commemoration 
of the Centennial of Marine Corps Aviation, and to support construction 
                  of the Marine Corps Heritage Center.

    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 ``Marine Corps Aviation Centennial 
Commemorative Coin Act''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) the year 2012 is the 100th Anniversary of the birth of 
        Marine Corps Aviation;
            (2) Marine Corps Aviation's value to the individual Marine 
        and the Marine Corps as a whole has centered on a number of 
        long-established and essential hallmark qualities;
            (3) such essential qualities, including adaptability, 
        agility, and being of one mind, have been seen during past 
        campaign successes, are witnessed during today's combat 
        operations, and are key planning factors for future aircraft 
        and aviation capabilities;
            (4) Marine Corps Aviation, as an essential element of the 
        Marine Corps Air Ground Task Force, is critical to the 
        continuing success of our Nation's expeditionary ``Force in 
        Readiness'';
            (5) in 2001, the Congress authorized the construction of 
        the Marine Corps Heritage Center, the purpose of which is to 
        provide a multipurpose facility to be used for historical 
        displays for the public viewing, curation, and storage of 
        artifacts, research facilities, classrooms, offices, and 
        associated activities, consistent with the mission of the 
        Marine Corps;
            (6) the initial portion of the Marine Corps Heritage Center 
        opened on November 10, 2006;
            (7) the United States should pay tribute to the Marine 
        Corps Aviation Centennial and to the United States Marine 
        Corps, by minting and issuing a commemorative $10 gold coin; 
        and
            (8) the surcharge proceeds from the sale of a commemorative 
        coin, which would have no net costs to the taxpayers, would 
        raise valuable funding for the continuing construction of the 
        Marine Corps Heritage Center.

SEC. 3. COIN SPECIFICATIONS.

    (a) $10 Gold Coins.--The Secretary of the Treasury (hereafter in 
this Act referred to as the ``Secretary'') shall mint and issue not 
more than 100,000 $10 coins, each of which shall--
            (1) weigh 8.359 grams;
            (2) have a diameter of 0.850 inches; and
            (3) contain 90 percent gold and 10 percent alloy.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.

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 warrior ethos of the United 
        States Marine Corps.
            (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 ``2013''; 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 
        Marine Corps Historical Division 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 minted 
under this Act only during the one-year period beginning on January 1, 
2013.

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 subsection (b) 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) Surcharges.--All sales of coins issued under this Act shall 
include a surcharge of $35 per coin.
    (c) Bulk Sales.--The Secretary shall make bulk sales of coins 
issued under this Act at a reasonable discount.
    (d) Prepaid Orders.--
            (1) In general.--The Secretary shall accept prepaid orders 
        for coins minted under this Act before the issuance of such 
        coins.
            (2) Discount.--Sale prices with respect to prepaid orders 
        under paragraph (1) should be at a reasonable discount.

SEC. 7. DISTRIBUTION OF SURCHARGES.

    (a) 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 Marine Corps Heritage Foundation for the purposes of construction 
of the Marine Corps Heritage Center, as authorized by section 1 of 
Public Law 106-398 (114 Stat. 1654).
    (b) Audit.--The Marine Corps Heritage 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 under subsection (a).
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