PUBLIC LAW 100-141—OCT. 28, 1987 SEC. 4. SELECTION OF DESIGN.
.
101 STAT. 833 -
31 USC 5112
The design for each coin authorized by this Act shall be selected by the Secretary after consultation with the United States Olympic Committee and the Commission of Fine Arts. SEC. 5. SALE OF THE COINS.
31 USC 5112
(a) SALE PRICE.—Notwithstanding any other provision of law, the
,^
coins issued under this Act shall be sold by the Secretary at a price equal to the face value, plus the cost of designing and issuing such coins (including labor, materials, dies, use of machinery, and overhead expenses). (b) BULK SALES.—The Secretary shall make bulk sales at a reasonable discount to reflect the lower costs of such sales. (c) PREPAID ORDERS AT A DISCOUNT.—The Secretary shall accept prepaid orders for the coins prior to the issuance of such coins. Sales under this subsection shall be at a reasonable discount to reflect the benefit of prepayment. (d) SURCHARGE REQUIRED.—All sales shall include a surcharge of $35 per coin for the five dollar coins and $7 per coin for the one dollar coins.
- ,. •
SEC. 6. ISSUANCE OF THE COINS.
,,.,.,.i:
31 USC 5112
(a) GOLD COINS.—The five dollar coins authorized under this Act New York. shall be issued in uncirculated and proof qualities and shall be struck at the United States Bullion Depository at West Point. -- • (b) SILVER COINS.—The one dollar coins authorized under this Act may be issued in uncirculated and proof qualities, except that not more than one facility of the United States Mint may be used to strike each such quality. (c) SUNSET PROVISION.—No coins shall be minted under this Act after June 30, 1989. SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.
31 USC 5112
No provision of law governing procurement or public contracts shall be applicable to the procurement of goods or services necessary for carrying out the provisions of this Act. Nothing in this section shall relieve any person entering into a contract under the authority of this Act from complying with any law relating to equal employment opportunity. SEC. 8. DISTRIBUTION OF SURCHARGES.
31 USC 5112
All surcharges which are received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to the United States Olympic Committee. Such amounts shall be used by the United States Olympic Committee solely to train United States Olympic athletes, to support local or community amateur athletic programs, and to erect facilities for the training of such athletes. SEC. 9. AUDITS.
31 USC 5112
The Comptroller General shall have the right to examine such books, records, documents, and other data of the United States Olympic Committee as may be related to the expenditure of amounts paid under section 8. SEC. 10. COINAGE PROFIT FUND.
Notwithstanding any other provision of law—
31 USC 5112
�
