B-206273: Sep 2, 1983

GAO WOULD NOT OBJECT TO TREASURY'S USE OF PUBLIC FUNDS FOR THE STAGING OF MEDIA EVENTS AND RECEPTIONS AND THE COSTS OF AN OCCASIONAL DONATION OF AN OLYMPIC COIN IF (1) THESE EXPENDITURES ARE DEEMED NECESSARY TO FULFILL THE STATUTORY RESPONSIBILITIES OF THE TREASURY DEPARTMENT UNDER THE OLYMPIC COMMEMORATIVE COIN ACT. (3) PROMOTIONAL EXPENSES ARE RECOUPED FROM PROCEEDS OF THE SALE OF COINS. TWO TYP...

B-206273: Sep 2, 1983

GAO was asked to review the authority of the Bureau of the Mint to spend funds under the Olympic Commemorative Coin Act to promote the sale of Olympic coins. Under the act, the Secretary of the Treasury was directed to issue gold and silver coins to commemorate the 1984 Summer Olympics. The coins were to be sold at a premium price and were not to result in a net cost to the Government. The net pro...