[Congressional Record Volume 161, Number 49 (Tuesday, March 24, 2015)]
[Senate]
[Pages S1830-S1831]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BOYS TOWN CENTENNIAL COMMEMORATIVE COIN ACT
Mrs. CAPITO. Mr. President, I ask unanimous consent that the
Committee on Banking, Housing, and Urban Affairs be discharged from
further consideration of S. 301, and the Senate proceed to its
immediate consideration.
The PRESIDING OFFICER. Without objection, it is so ordered.
The clerk will report the bill by title.
The legislative clerk read as follows:
A bill (S. 301) to require the Secretary of the Treasury to
mint coins in commemoration of the centennial of Boys Town,
and for other purposes.
There being no objection, the Senate proceeded to consider the bill.
Mrs. CAPITO. Mr. President, I ask unanimous consent that the bill be
read a third time and passed, and the
[[Page S1831]]
motion to reconsider be considered made and laid upon the table.
The PRESIDING OFFICER. Without objection, it is so ordered.
The bill (S. 301) was ordered to be engrossed for a third reading,
was read the third time, and passed, as follows:
S. 301
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 ``Boys Town Centennial
Commemorative Coin Act''.
SEC. 2. FINDINGS.
Congress finds that--
(1) Boys Town is a nonprofit organization dedicated to
saving children and healing families, nationally
headquartered in the village of Boys Town, Nebraska;
(2) Father Flanagan's Boys Home, known as ``Boys Town'',
was founded on December 12, 1917, by Servant of God Father
Edward Flanagan;
(3) Boys Town was created to serve children of all races
and religions;
(4) news of the work of Father Flanagan spread worldwide
with the success of the 1938 movie, ``Boys Town'';
(5) after World War II, President Truman asked Father
Flanagan to take his message to the world, and Father
Flanagan traveled the globe visiting war orphans and advising
government leaders on how to care for displaced children;
(6) Boys Town has grown exponentially, and now provides
care to children and families across the country in 11
regions, including California, Nevada, Texas, Nebraska, Iowa,
Louisiana, North Florida, Central Florida, South Florida,
Washington, DC, New York, and New England;
(7) the Boys Town National Hotline provides counseling to
more than 150,000 callers each year;
(8) the Boys Town National Research Hospital is a national
leader in the field of hearing care and research of Usher
Syndrome;
(9) Boys Town programs impact the lives of more than
2,000,000 children and families across America each year; and
(10) December 12th, 2017, will mark the 100th anniversary
of Boys Town, Nebraska.
SEC. 3. COIN SPECIFICATIONS.
(a) $5 Gold Coins.--The Secretary of the Treasury (referred
to in this Act as the ``Secretary'') shall mint and issue not
more than 50,000 $5 coins in commemoration of the centennial
of the founding of Father Flanagan's Boys Town, 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) $1 Silver Coins.--The Secretary shall mint and issue
not more than 350,000 $1 coins in commemoration of the
centennial of the founding of Father Flanagan's Boys Town,
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.
(c) Half Dollar Clad Coins.--The Secretary shall mint and
issue not more than 300,000 half dollar clad coins in
commemoration of the centennial of the founding of Father
Flanagan's Boys Town, each of which shall--
(1) weigh 11.34 grams;
(2) have a diameter of 1.205 inches; and
(3) be minted to the specifications for half dollar coins
contained in section 5112(b) of title 31, United States Code.
(d) Legal Tender.--The coins minted under this Act shall be
legal tender, as provided in section 5103 of title 31, United
States Code.
(e) 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) In General.--The design of the coins minted under this
Act shall be emblematic of the 100 years of Boys Town, one of
the largest nonprofit child care agencies in the United
States.
(b) Designation and Inscriptions.--On each coin minted
under this Act, there shall be--
(1) a designation of the value of the coin;
(2) an inscription of the year ``2017''; and
(3) inscriptions of the words ``Liberty'', ``In God We
Trust'', ``United States of America'', and ``E Pluribus
Unum''.
(c) Selection.--The design for the coins minted under this
Act shall be--
(1) selected by the Secretary, after consultation with the
National Executive Director of Boys Town and the Commission
of Fine Arts; and
(2) reviewed by the Citizens of 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 1 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 period beginning on January 1,
2017, and ending on December 31, 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; and
(2) 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 as follows:
(1) A surcharge of $35 per coin for the $5 coin.
(2) A surcharge of $10 per coin for the $1 coin.
(3) A surcharge of $5 per coin for the half dollar 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 paid to
Boys Town to carry out Boys Town's cause of caring for and
assisting children and families in underserved communities
across America.
SEC. 8. FINANCIAL ASSURANCES.
The Secretary shall take such actions as may be necessary
to ensure that--
(1) minting and issuing coins under this Act will not
result in any net cost to the Federal Government; and
(2) no funds, including applicable surcharges, shall be
disbursed to any recipient designated in section 7 until the
total cost of designing and issuing all of the coins
authorized by this Act (including labor, materials, dies, use
of machinery, overhead expenses, marketing, and shipping) is
recovered by the United States Treasury, consistent with
sections 5112(m) and 5134(f) of title 31, United States Code.
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