Page:United States Statutes at Large Volume 102 Part 3.djvu/324

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PUBLIC LAW 100-000—MMMM. DD, 1988

102 STAT. 2276

PUBLIC LAW 100-467—OCT. 3, 1988 OJ) USE OF THE UNITED STATES MINT.—The Secretary may not use

more than 1 facility of the United States Mint to strike each such quality of the coins referred to in section 1(a). (c) COMMENCEMENT OF AUTHORITY TO SELL COINS.—The Secretary

may begin selling the coins referred to in section 1(a) on January 1, 1990. (d) TERMINATION OF AUTHORITY TO MINT COINS.—The Secretary

may not mint the coins referred to in section 1(a) after December 31, 1990. 31 USC 5112

SEC. 5. SALE OF COINS.

(a) IN GENERAL.—Subject to subsections (b) and (c), and notwithstanding any other provision of law, the Secretary shall sell the coins referred to in section 1(a) at a price equal to— (1) the face value of such coins; and (2) the cost of designing, minting, dies, use of machinery, and overhead expenses. (b) BULK SALES.—The Secretary shall make any bulk sales of the coins referred to in section 1(a) at a reasonable discount to reflect the lower costs of such sales. (c) PREPAID ORDERS.—Before January 1, 1990, the Secretary shall accept prepaid orders for the coins referred to in section 1(a). The Secretary shall make sales with respect to such prepaid orders at a reasonable discount to reflect the benefit to the Federal Government of prepayment. (d) SURCHARGES.—The Secretary shall include a surcharge of $7 per coin on all sales of the coins referred to in section 1(a). 31 USC 5112

SEC. 6. FINANCIAL ASSURANCES.

(a) No NET COST TO THE GOVERNMENT.—The Secretary shall take such actions as may be necessary to ensure that the minting and issuance of the coins referred to in section 1(a) shall result in no net costs to the Federal Government. (b) PAYMENT FOR THE COINS.—The Secretary may not sell a coin referred to in section 1(a) unless the Secretary has received— (1) full payment for such coin; (2) security satisfactory to the Secretary to indemnify the Federal Government for full payment; or (3) a guarantee of full payment satisfactory to the Secretary from a depository institution whose deposits are insured by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration Board. 31 USC 5112

SEC. 7. PROCUREMENT OF GOODS AND SERVICES.

(a) IN GENERAL.—Except as provided in subsection (b), 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. (b) EQUAL EMPLOYMENT OPPORTUNITY.— Subsection (a) shall not apply with respect to any law relating to equal employment opportunity.