PUBLIC LAW 102-281—MAY 13, 1992 106 STAT. 141 such coins. Sale prices with respect to such prepaid orders shall he at a reasonable discount. (d) SURCHARGES. —All sales of coins minted under this subtitle shall include a surcharge of $35 per coin for the five dollar coins, $7 per coin for the one dollar coins, and $1 per coin for the half dollar coins. SEC. 407. FINANCIAL ASSURANCES. (a) No NET COST TO THE GOVERNMENT.—The Secretary shall take such actions as may be necessary to ensure that minting and issuing coins under this subtitle will not result in any net cost to the United States Government. (b) PAYMENT FOR COINS.— ^A coin shall not be issued under this subtitle 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 or the National Credit Union Administration Board. SEC. 408. USE OF SURCHARGES. (a) IN GENERAL. — The surcharges that are received by the Secretary from the sale of coins minted under this subtitle shall be deposited in the Christopher Columbus Fellowship Fund and be available to the Christopher Columbus Fellowship Foundation. (b) AUDITS. —The Comptroller General shall have the right to examine such books, records, documents, and other data of the Christopher Columbus Fellowship Foundation as may be related to the expenditure of amounts paid under subsection (a). SEC. 409. 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 subtitle. (b) EQUAL EMPLOYMENT OPPORTUNITY.—Subsection (a) shall not relieve any person entering into a contract under the authority of this subtitle from complying with any law relating to equal employment opportunity. SEC. 410. COINAGE PROFIT FUND. (a) DEPOSITS. — All amounts received from the sale of coins issued under this subtitle shall be deposited in the coinage profit fund. (b) PAYMENTS.— The Secretary shall make the deposits of the amounts required under section 408(a) from the coinage profit fund. (c) EXPENDITURES.— The Secretary shall charge the coinage profit fund with all expenditures under this subtitle. SEC. 411. REPORTS TO CONGRESS. (a) REQUIRED.— Not later than 15 days after the last day of each month which begins before July 1, 1993, the Secretary shall submit a report describing in detail the activities carried out under this subtitle to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.
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