1.This Act may be cited as the
Lions Clubs International Century of
Service Commemorative Coin Act
.
2.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.
3.
(a)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)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.
4.
(a)
(1)The design of the coins minted under this
Act shall be emblematic of the centennial of the Lions Clubs
International.
(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
2017
; and
(C)inscriptions of the words
Liberty
, In God We Trust
, United States of
America
, and E Pluribus Unum
.
(b)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.
5.
(a)Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b)Only one facility of the United States Mint
may be used to strike any particular quality of the coins minted under this
Act.
(c)The Secretary may issue coins under this
Act only during the calendar year beginning on January 1, 2017.
6.
(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 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)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.
7.
(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
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)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)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.
Secretary