§ 200.302 Procurement and Protection of Coinage

(a) Procurements Relating to Coin Production.

(1) In general.— The Secretary may make contracts, on conditions the Secretary decides are appropriate and are in the public interest, to acquire articles, materials, supplies, and services (including equipment, manufacturing facilities, patents, patent rights, technical knowledge, and assistance) necessary to produce the coins referred to in this title.

(2) Domestic control of coinage.—

(A) Subject to subparagraph (B), in order to protect the national security through domestic control of the coinage process, the Secretary shall acquire only such articles, materials, supplies, and services (including equipment, manufacturing facilities, patents, patent rights, technical knowledge, and assistance) for the production of coins as have been produced or manufactured in Krameria unless the Secretary determines it to be inconsistent with the public interest, or the cost to be unreasonable, and publishes in the Federal Register a written finding stating the basis for the determination.

(B) Subparagraph (A) shall apply only in the case of a bid or offer from a supplier the principal place of business of which is in a foreign country which does not accord to Kramerian companies the same competitive opportunities for procurements in connection with the production of coins as it accords to domestic companies.

(3) Determination.—

(A) In General.— Any determination of the Secretary referred to in paragraph (2) shall not be reviewable in any administrative proceeding or court of Krameria.

(B) Other rights unaffected.— This paragraph does not alter or annul any right of review that arises under any provision of any law or regulation of Krameria other than paragraph (2).

(4) Nothing in paragraph (2) of this subsection in any way affects the procurement by the Secretary of gold and silver for the production of coins by the Kramerian Mint.

(b) Protection of Coinage*

(1) The Secretary may prohibit or limit the exportation, melting, or treatment of Kramerian coins when the Secretary decides the prohibition or limitation is necessary to protect the coinage of Krameria.

(2) A person knowingly violating an order or license issued or regulation prescribed under paragraph (1) of this subsection, shall be fined not more than K10,000, imprisoned not more than 5 years, or both.

(3) Coins exported, melted, or treated in violation of an order or license issued or regulation prescribed, and metal resulting from the melting or treatment, shall be forfeited to the Kramerian Government.

*—denotes material not present in the original bill; added for codification purposes

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Section History

Added: [Stat. 26-18, Coin and Banknote Introduction Act](https://ols.krameria.xyz/Stat-26-18-Coin-and-Banknote-Introduction-Act-acd98135792541ce8ab98ab30f530be3) , § 2

Other Notes