Olympic Coin Act of 1982

Summary

Olympic Coin Act of 1982 - Title I: Olympic Coins - Provides for the minting of commemorative gold coins to honor and commemorate the 1984 Los Angeles Olympic Games. Sets forth minting specifications and limits the aggregate face value of all such coins. Requires the Secretary of the Treasury to determine the design of the coins. Declares that such coins are legal tender and terminates their minting after December 31, 1984. Directs the Secretary to enter into an agreement with the Los Angeles Olympic Organizing Committee which shall provide for the implementation of the purposes of this Act. Directs the Secretary to furnish such coins to the Organizing Committee at a price agreed to under such agreement. Requires delivery of all coins minted to the Committee for distribution and sale to the public. Sets the delivery date for each series of coins. States that proceeds received by the Committee from the commercial sale of such coins shall be used for the purpose of staging and promoting the 1984 Los Angeles Olympic Games and assisting the U.S. Olympic Committee and amateur athletics. Sets forth procedures and criteria for the Organizing Committee to follow in selecting a marketing organization for such coins. Establishes in the Treasury the Los Angeles Olympic Coin Fund for the deposit of sums received from the Organizing Committee and to carry out provisions of this title. Requires the Secretary to report to Congress on the sale of the coins minted under this title. Grants the Comptroller General access to all data relating to the use and funding of such coins. Exempts the Secretary from Federal laws governing procurement or public contracts for purposes of this title. Title II: Gold Medallions - Amends the American Arts Gold Medallion Act to allow the Secretary of the Treasury to provide for sales of gold medallions through dealers and, if appropriate, through the Department of the Treasury.

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1 official file

• Introduced in House

  summary · EN · 23 March 1982

  Open at official source

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