To provide a complete substitute.

SA 2675. Mr. McCONNELL (for Mr. Pryor) proposed an amendment to the
bill H.R. 358, to require the Secretary of the Treasury to mint coins
in commemoration of the 50th anniversary of the desegregation of the
Little Rock Central High School in Little Rock, Arkansas, and for other
purposes; as follows:

Strike all after the enacting clause and insert the
following:

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Little Rock Central High
School Desegregation 50th Anniversary Commemorative Coin
Act''.

SEC. 2. FINDINGS.

Congress finds the following:
(1) September 2007, marks the 50th anniversary of the
desegregation of Little Rock Central High School in Little
Rock, Arkansas.
(2) In 1957, Little Rock Central High was the site of the
first major national test for the implementation of the
historic decision of the United States Supreme Court in
Brown, et al. v. Board of Education of Topeka, et al., 347
U.S. 483 (1954).
(3) The courage of the ``Little Rock Nine'' (Ernest Green,
Elizabeth Eckford, Melba Pattillo, Jefferson Thomas, Carlotta
Walls, Terrence Roberts, Gloria Ray, Thelma Mothershed, and
Minnijean Brown) who stood in the face of violence, was
influential to the Civil Rights movement and changed American
history by providing an example on which to build greater
equality.
(4) The desegregation of Little Rock Central High by the 9
African American students was recognized by Dr. Martin Luther
King, Jr. as such a significant event in the struggle for
civil rights that in May 1958, he attended the graduation of
the first African American from Little Rock Central High
School.
(5) A commemorative coin will bring national and
international attention to the lasting legacy of this
important event.

SEC. 3. COIN SPECIFICATIONS.

(a) Denominations.--The Secretary of the Treasury
(hereinafter in this Act referred to as the ``Secretary'')
shall mint and issue not more than 500,000 $1 coins each of
which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; and
(3) contain 90 percent silver and 10 percent copper.
(b) Legal Tender.--The coins minted under this Act shall be
legal tender, as provided in section 5103 of title 31, United
States Code.
(c) Numismatic Items.--For purposes of section 5136 of
title 31, United States Code, all coins minted under this Act
shall be considered to be numismatic items.

SEC. 4. DESIGN OF COINS.

(a) Design Requirements.--The design of the coins minted
under this Act shall be emblematic of the desegregation of
the Little Rock Central High School and its contribution to
civil rights in America.
(b) Designation and Inscriptions.--On each coin minted
under this Act there shall be--
(1) a designation of the value of the coin;
(2) an inscription of the year ``2007''; and
(3) inscriptions of the words ``Liberty'', ``In God We
Trust'', ``United States of America'', and ``E Pluribus
Unum''.
(c) Selection.--The design for the coins minted under this
Act shall be--
(1) selected by the Secretary after consultation with the
Commission of Fine Arts; and

[[Page S13407]]

(2) reviewed by the Citizens Coinage Advisory Committee
established under section 5135 of title 31, United States
Code.

SEC. 5. ISSUANCE OF COINS.

(a) Quality of Coins.--Coins minted under this Act shall be
issued in uncirculated and proof qualities.
(b) Commencement of Issuance.--The Secretary may issue
coins minted under this Act beginning January 1, 2007, except
that the Secretary may initiate sales of such coins, without
issuance, before such date.
(c) Termination of Minting Authority.--No coins shall be
minted under this Act after December 31, 2007.

SEC. 6. SALE OF COINS.

(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 sum of the face value of
the coins, the surcharge required under section 7(a) for the
coins, and the cost of designing and issuing such coins
(including labor, materials, dies, use of machinery, overhead
expenses, and marketing).
(b) Bulk Sales.--The Secretary shall make bulk sales of the
coins issued under this Act at a reasonable discount.
(c) Prepaid Orders at a Discount.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of
such coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.

SEC. 7. SURCHARGES.

(a) Surcharge Required.--All sales shall include a
surcharge of $10 per coin.
(b) Distribution.--Subject to section 5134(f) of title 31,
United States Code, and subsection (d), 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
Secretary of the Interior for the protection, preservation,
and interpretation of resources and stories associated with
Little Rock Central High School National Historic Site,
including the following:
(1) Site improvements at Little Rock Central High School
National Historic Site.
(2) Development of interpretive and education programs and
historic preservation projects.
(3) Establishment of cooperative agreements to preserve or
restore the historic character of the Park Street and Daisy
L. Gatson Bates Drive corridors adjacent to the site.
(c) Limitation.--Notwithstanding subsection (a), no
surcharge may be included with respect to the issuance under
this Act of any coin during a calendar year if, as of the
time of such issuance, the issuance of such coin would result
in the number of commemorative coin programs issued during
such year to exceed the annual 2 commemorative coin program
issuance limitation under section 5112(m)(1) of title 31,
United States Code (as in effect on the date of the enactment
of this Act). The Secretary of the Treasury may issue
guidance to carry out this subsection.
(d) Creditable Funds.--Notwithstanding any other provision
of the law and recognizing the unique partnership nature of
the Department of Interior and the Little Rock School
District at the Little Rock Central High School National
Historic Site and the significant contributions made by the
Little Rock School District to preserve and maintain the
historic character of the high school, any non-Federal funds
expended by the school district (regardless of the source of
the funds) for improvements at the Little Rock Central High
School National Historic Site, to the extent such funds were
used for the purposes described in paragraph (1), (2), or (3)
of subsection (b), shall be deemed to meet the requirement of
funds from private sources of section 5134(f)(1)(A)(ii) of
title 31, United States Code, with respect to the Secretary
of the Interior.
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