§ 37.116-1 - Presidential $1 Coin Act of 2005.

37.116-1 Presidential $1 Coin Act of 2005.

Cross Reference

Link to an amendment published at 83 FR 48701, Sept. 26, 2018.

This section implements Section 104 of the Presidential $1 Coin Act of 2005 (31 U.S.C. 5112(p)(1)), which seeks to remove barriers to the circulation of $1 coins. Section 104 requires that business operations performed on Government premises provide for accepting and dispensing of existing and proposed $1 coins as part of operations on and after January 1, 2008. Pub. L. 110-147 amended 31 U.S.C. 5112(p)(1)(A) to allow an exception from the $1 coin dispensing capability requirement for those vending machines that do not receive currency denominations greater than $1.

[72 FR 46362, Aug. 17, 2007, as amended at 73 FR 54016, Sept. 17, 2008]