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Week Ending July 1, 2005

HR 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.
 

BRIEF

  The coin would commemorate the fiftieth anniversary of the desegregation of Little Rock Central High School in Arkansas. Moreso the coin would emphasize that the desegregation implemented the landmark civil rights court decision of Brown vs. Board of Education of Topeka (KS) and the nine African-American students who stood the front line and faced danger.

   Five hundred thousand $1 coins would be minted of 90 percent silver, 10 percent copper and would be distributed beginning January 1, 2007.

   Because commemorative coins are prohibited by law to cost the taxpayers anything, the coins will be sold at face value of the coin plus a $10 per coin surcharge. Revenue above the cost of designing and minting and distributing the coins would go to improve the high schools as a National Historic Site, develop educational programs and improve two roadways leading to the site.

    The profits would be transferred to the Department of Interior to be spent on the project.

Sponsor: Representative Vic Snyder (R-AR-2^nd)

Vote: Passed House by voice vote (June 27, 2005)

Cost to the taxpayers: The CBO calculates that the coin could produce $5 million in surcharges

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