MEI Product Information for the $1 Coin
***** Amendment to $1 Coin
Law *****
The House of Representatives and the
Senate have passed an amendment to section 5112(p)(1)(A) of title 31,
United States Code, which revises the requirement that all vending machines
operated by federal agencies and instrumentalities accept and dispense $1
coins. The amendment exempts from such dispensing requirement
any vending machines that do not receive currency denominations higher than $1.
Having passed in both the House (Nov
13) and Senate (Dec 17), this bill now awaits the signature of the President
before becoming law. [Last Updated: Dec 18, 2007]
Current information can be accessed at the website
below.
http://www.govtrack.us/congress/bill.xpd?bill=h110-3703#votes
ORIGINAL LAW: $1 Coin
Acceptance and Dispensing at Government Facilities, Land and Subsidized
Facilities
The Presidential $1 Coin Act of 2005
requires that vending machines be able to ACCEPT
AND DISPENSE the $1 coins by January 1, 2008.
·
This includes coin mechs on any premises owned by the United
States or under the control of any agency or instrumentality of the United
States. In addition to those on
government land, it also includes vending machines on the property of transit
systems receiving subsidies from the Federal Government (mass transit,
interstate highways, airports) and those located at organizations that receive
any subsidy or disbursement of federal money (every public school, almost every
university and college, all public housing, ...).
·
The federal law was effective January 1, 2006, with a two
year implementation period. This makes all 3‑tube products unacceptable
in those accounts starting January 1, 2008.
·
The law also requires that signs and notices denoting such
capability be displayed on the vending machines.
The
official law is: PRESIDENTIAL $1
COIN ACT OF 2005
Public Law
109-145
109th
Congress
Below is a direct link to the law.
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=109_cong_public_laws&docid=f:publ145.109
___________________________________________________________________________________________
Presidential $1 Coin Stickers can be
ordered from the website below (US Mint Presidential $1 Coin program
information and collateral materials website). The stickers are under the category “Other Organizations.”
https://materials.usmint.gov/$1coin/
Presidential
$1 Coin Sticker
Color
(3" x 3"). Durable sticker for various uses -– examples include
vending machines that accept $1 coins (subject to Informational Materials Terms
of Use).
Presidential
$1 Coin Sticker (Small)
Color
(1.5" x 1.5"). Durable sticker for various uses -– examples include
vending machines that accept $1 coins (subject to Informational Materials Terms
of Use).
Please see reverse side for MEI solutions to the
Presidential $1 Coin Law
