One Dollar Coin and Community Development Act of 1994

Summary

One Dollar Coin and Community Development Act of 1994 - Amends Federal monetary law to prescribe specifications for and design of dollar coins, including a golden color. Proscribes any issuance of one dollar notes after the date that dollar coins are first placed in circulation. Prescribes guidelines for the redemption of one dollar notes. Directs the Secretary of the Treasury to establish: (1) a coinage metal fund; and (2) a circulating coinage reserve fund. Authorizes the Secretary to lend excess amounts in the circulating coinage reserve fund to the Community Development Institutions Fund to enable it to provide financial assistance. Mandates that earnings on investments of the circulating coinage reserve fund be paid into the general fund of the Treasury. Abolishes the coinage profit fund. Transfers the balance of its account to the circulating coinage reserve fund.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 October 1994

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• Introduced in House (PDF)

  Introduced in House · EN · 4 October 1994

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• Introduced in House

  summary · EN · 4 October 1994

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