text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``50th Anniversary of the Texas 
  Western College Men's Basketball Championship Commemorative Coin Act''.
  
  SEC. 2. FINDINGS.
  
      The Congress finds the following:
              (1) On March 19, 1966, Texas Western College (the 
          ``Miners'') defeated the University of Kentucky in the National 
          Collegiate Athletic Association (``NCAA'') men's college 
          basketball final at Cole Field House in College Park, Maryland, 
          by a score of 72-65.
              (2) The 1966 Miners are still the only team from the State 
          of Texas to win a NCAA basketball championship.
              (3) This marked the first time an all-Black starting lineup 
          had won the NCAA championship;
              (4) After the 1966 championship, many college teams 
          throughout the South following the Miners' example began 
          recruiting Black athletes, ending years of segregation.
              (5) Immediately after the championship, between the years 
          of 1966 and 1985, the average number of Black players on 
          college teams nearly doubled.
              (6) Every southern conference team (including the 
          Southeastern Conference) followed the Miners' example, and all 
          basketball teams were integrated the following season.
              (7) The top-ranked University of Kentucky men's basketball 
          team was favored in the final over the third-ranked Texas 
          Western College squad.
              (8) Texas Western College was led by coach Don Haskins and 
          the University of Kentucky by coach Adolph Rupp.
              (9) Coach Haskins taught his team the ``swinging gate'' 
          defensive style he had learned as a player at Oklahoma 
          Agricultural and Mechanical College (now Oklahoma State 
          University) under legendary coach Henry Iba.
              (10) Texas Western College's journey to the 1966 NCAA 
          championship was depicted in the 2006 film titled ``Glory 
          Road''.
  
  SEC. 3. COIN SPECIFICATIONS.
  
      (a) Denominations.--The Secretary of the Treasury (hereafter in 
  this Act referred to as the ``Secretary'') shall mint and issue the 
  following coins:
              (1) $5 gold coins.--Not more than 50,000 $5 coins, which 
          shall--
                      (A) weigh 8.359 grams;
                      (B) have a diameter of 0.850 inches; and
                      (C) contain 90 percent gold and 10 percent alloy.
              (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
          shall--
                      (A) weigh 26.73 grams;
                      (B) have a diameter of 1.500 inches; and
                      (C) contain 90 percent silver.
              (3) Half-dollar clad coins.--Not more than 750,000 half-
          dollar coins which shall--
                      (A) weigh 11.34 grams;
                      (B) have a diameter of 1.205 inches; and
                      (C) be minted to the specifications for half-dollar 
                  coins contained in section 5112(b) of title 31, United 
                  States Code.
      (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 5134 and 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) In General.--The design of the coins minted under this Act 
  shall be emblematic of the game of basketball and shall be--
              (1) selected by the Secretary after consultation with the 
          Commission of Fine Arts and the National Collegiate Basketball 
          Hall of Fame; and
              (2) reviewed by the Citizens Coinage Advisory Committee.
      (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 ``2017''; and
              (3) inscriptions of the words ``Liberty'', ``In God We 
          Trust'', ``United States of America'', and ``E Pluribus Unum''.
  
  SEC. 5. ISSUANCE OF COINS.
  
      (a) Quality of Coins.--Coins minted under this Act shall be issued 
  in uncirculated and proof qualities.
      (b) Mint Facility.--Only 1 facility of the United States Mint may 
  be used to strike any particular quality of the coins minted under this 
  Act.
      (c) Period for Issuance.--The Secretary may issue coins minted 
  under this Act only during the 1-year period beginning on January 1, 
  2017.
  
  SEC. 6. SALE OF COINS.
  
      (a) Sale Price.--The coins issued under this Act shall be sold by 
  the Secretary at a price equal to the sum of--
              (1) the face value of the coins;
              (2) the surcharge provided in section 7(a) with respect to 
          such coins; and
              (3) the cost of designing and issuing the coins (including 
          labor, materials, dies, use of machinery, overhead expenses, 
          marketing, and shipping).
      (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
  issued under this Act at a reasonable discount.
      (c) Prepaid Orders.--
              (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) In General.--All sales of coins issued under this Act shall 
  include a surcharge of--
              (1) $35 per coin for the $5 coin;
              (2) $10 per coin for the $1 coin; and
              (3) $5 per coin for the half-dollar coin.
      (b) Distribution.--Subject to section 5134(f)(1) of title 31, 
  United States Code, all surcharges received by the Secretary from the 
  sale of coins issued under this Act shall be promptly paid by the 
  Secretary to the National Collegiate Basketball Hall of Fame to help 
  finance renovations of existing National Collegiate Basketball Hall of 
  Fame facilities.
      (c) Audits.--The National Collegiate Basketball Hall of Fame shall 
  be subject to the audit requirements of section 5134(f)(2) of title 31, 
  United States Code, with regard to the amounts received under 
  subsection (b).
      (d) 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.
  
  SEC. 8. FINANCIAL ASSURANCES.
  
      The Secretary shall take such actions as may be necessary to ensure 
  that--
              (1) minting and issuing coins under this Act will not 
          result in any net cost to the United States Government; and
              (2) no funds, including applicable surcharges, are 
          disbursed to any recipient designated in section 7 until the 
          total cost of designing and issuing all of the coins authorized 
          by this Act (including labor, materials, dies, use of 
          machinery, overhead expenses, marketing, and shipping) is 
          recovered by the United States Treasury, consistent with 
          sections 5112(m) and 5134(f) of title 31, United States Code.
target: 50th Anniversary of the Texas Western College Men's Basketball Championship Commemorative Coin Act Directs the Secretary of the Treasury to mint and issue not more than 50,000 $5 coins, 400,000 $1 coins, and 750,000 half-dollar coins emblematic of the game of basketball. Requires all sales of such coins to include specified surcharges, which shall be paid by the Secretary to the National Collegiate Basketball Hall of Fame to help finance renovations of existing National Collegiate Basketball Hall of Fame facilities. 
feat_title: 50th Anniversary of the Texas Western College Men's Basketball Championship Commemorative Coin Act