PUBLIC LAW 100-378—AUG. 1, 1988
102 STAT. 889
SEC. 7. FINANCIAL ASSURANCES.
(a) No N E T COST TO THE GOVERNMENT.—The Secretary shall take such actions as may be necessary to ensure that minting and issuing coins under this Act will not result in any net cost to the United States Government. (b) PAYMENT FOR COINS.—A coin shall not be issued under this Act unless the Secretary has received— (1) full payment for the coin; (2) security satisfactory to the Secretary to indemnify the United States for full payment; or (3) a guarantee of full payment satisfactory to the Secretary from a depository institution whose deposits are insured by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration Board. SEC. 8. REDUCTION OF NATIONAL DEBT.
An amount equal to the amount of all surcharges that are received by the Secretary from the sale of coins minted under this Act shall be deposited in the general fund of the Treasury and shall be used for the sole purpose of reducing the national debt. SEC. 9. GENERAL WAIVER OF PROCUREMENT REGULATIONS.
(a) IN GENERAL.—Except as provided in subsection (b), no provision of law governing procurement or public contracts shall be applicable to the procurement of goods and services necessary for carrying out the provisions of this Act. OJ) EQUAL EMPLOYMENT OPPORTUNITY.—Subsection (a) shall not relieve any person entering into a contract under the authority of this Act from complying with any law relating to equal employment opportunity. SEC. 10. AMENDMENTS TO THE FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION RECAPITALIZATION ACT OF 1987.
(a) IN GENERAL.—Section 306(h)(1) of the Federal Savings and Loan Insurance Corporation Recapitalization Act of 1987 (12 U.S.C. 1730 note) is amended by striking out "1-year" and inserting in lieu thereof "2-year". (b) CLERICAL AMENDMENT,—The heading for section 306(h) of the Federal Savings and Loan Insurance Corporation Recapitalization Act of 1987 (12 U.S.C. 1730 note) is amended by striking out " 1 YEAR" and inserting in lieu thereof "2-YEAR". SECTION 11. SUNSET.
All provisions of this Act, other than section 10, shall be repealed on the day after the date of enactment of this Act, and no person shall be liable for not complying with such provisions (other than section 10) while they are in effect. Approved August 1, 1988. LEGISLATIVE HISTORY—H.R. 3251: SENATE REPORTS: No. 100-383 (Coram, on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD: Vol. 133 (1987): Sept. 29, considered and passed House. Vol. 134 (1988): June 15, considered and passed Senate, amended. June 23, House concurred in certain Senate amendments, in another with an amendment; and disagreed to others. July 12, Senate receded and concurred in House amendment with an amendment. July 13, House concurred in Senate amendment.
�
