PUBLIC LAW 102-281—MAY 13, 1992 106 STAT. 145 ing per diem, as authorized by section 5703 of title 5, United States Code; (6) enter into contracts, grants, or other arrangements, or modifications thereof, to carry out the provisions of mis chapter, and such contracts or modifications thereof may, with the concurrence of two-thirds of the members of the Board, be entered into without performance or other bonds, and without regard to section 3709 of the Revised Statutes; (7) make advances, progress, and other payments which the Board deems necessary under this chapter without regard to the provisions of section 529 of title 31, United States Code; (8) rent office space; (9) conduct programs in addition to or in conjunction with the Fellowship program which shall further the Foundation's purpose of encouraging new discoveries in all fields of endeavor for the benefit of mankind; and (10) to make other necessary expenditures. (b) ANNUAL REPORT. —The Foundation shall submit to the President and to the Congress an annual report of its operations under this subtitle. TITLE V-J^AMES MADISON COINS Jj^^^_ Bill of Rights SEC. 501. SHORT TITLE. Commemorative Coin Act. This title may be cited as the "James Madison—Bill of Rights 31 USC 5112 Commemorative Coin Act". note. SEC. 502. COIN SPECIFICATIONS. (a) FIVE DOLLAR GOLD COINS.— (1) ISSUANCE.— The Secretary of the Treasury (hereafter in this title referred to as the "Secretary") shall mint and issue not more than 300,000 five dollar coins each of which shall— (A) weigh 8,359 grams; (B) have a diameter of.850 inches; and (C) be composed of 90 percent gold and 10 percent alloy. (2) DESIGN. — The design of the five dollar coins shall be emblematic of the first ten Amendments of the Constitution of the United States, known as the Bill of Rights. The Director of the United States Mint shall sponsor a nationwide open competition for the design of the five dollar coin beginning not later than 3 months after the date of the enactment of this Act. The Director of the United States Mint shall convene the Design Panel established under subsection (e) which shall select 10 designs to be submitted to the Secretary who shall select the final design. (b) ONE DOLLAR SILVER COINS. — (1) ISSUANCE.— The Secretary shall mint and issue not more than 900,000 one dollar coins each of which shall— (A) weigh 26.73 grams; (B) have a diameter of 1.5 inches; and (C) be composed of 90 percent silver and 10 percent copper. (2) DESIGN. —The obverse design of the one dollar coins shall be emblematic of James Madison, the fourth President of the United States. The reverse design shall be emblematic of James Madison's home, Montpelier, between the years 1751 and 1836.
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