Olympic Commemorative Silver Dollar Act

Summary

Olympic Commemorative Silver Dollar Act - Directs the Secretary of the Treasury to issue one-dollar silver coins emblematic of the 1984 Los Angeles Summer Olympic Games. Declares such coins legal tender. Requires sale to the public at a surcharge of at least $10 per coin, plus the costs of issuance. Requires deposit of all amounts received from the sale of such coins in the coinage profit fund. Charges all expenditures under this Act to such fund. Requires the Secretary to pay specified nonrefundable amounts to: (1) the U.S. Olympic Committee to train U.S. Olympic athletes, to support amateur athletic programs, and to erect training facilities; and (2) the Los Angeles Olympic Organizing Committee to stage and promote the games. Authorizes the Comptroller General to examine the records of both committees relative to the expenditure of such amounts. Requires the Secretary to report to Congress not later than 45 days after each calendar quarter on the activities carried out under this Act during such quarter. Terminates the issuance of the coins after December 31, 1985.

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1 official file

• Introduced in House

  summary · EN · 5 April 1982

  Open at official source

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