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118050 1 (1982-04-06)

handle is hein.gao/gaobacsuq0001 and id is 1 raw text is: 

                                        FOR RELlASE ON DEIVERY
                                        Expected at 9:30 a.m.
                                        Tuesday, April 6, 1932


           UNITED STATES GENERAL ACCOUNTING OFFICE
                   WASIIINGTON, D.C. 20548

                        STATEMENT OF

                J. DEXTER PEACH, DIRECTOR
                ENERGY AND MINERAL[. DIVISION

                        BEFORE THE
        SUBCOMMITTEE ON CONSUMER AFFAIPS AND COINAGE

                          OF THE
    HOUSE COMMITTYEE ON BANKING, FINANCE AND URBAN AFFAIRS

                            ON
            1984 OLYMPIC COMMEMORATIVE COINAGE


Mr. Chairman and Members of the Subcommittee:

     We appreciate the opportunity to comment on legislative

proposals: to mint coins to commemorate the 1984 Los Angeles Summer

Olynpic Games and to help finance these-Games and amateur athletics

witljout the use of tax revenues. Certainly, we have no objection

to a well designed coinage program and believe such a program

can provide important financial support for the 1984 Summer

Olympic Games and U.S. amateur athletics.

     In the final analysis, decisions on the ultimate size and

nature of an Olympic coinage program are policy judgments for

the Congress.  Our testimony today, however, does raise several

important issues and provides useful information which I believe

the Congress should carefully consideir in evaluating the various

lcgislative proposals for a coinage program.  In addition, we

also discuss ontions foir revising existing )egislative proposals

to I. olv  the ik'.t I, r I e .



                                                    III11I

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