,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dide  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bd1 #bjad ,mr4 
,b5tivolio introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means1 & 9 addition to ! ,committees on
 ,appropriations & ,transportation &    
,infra/ructure1 = a p]iod to be         
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to au?orize !      
,secret>y ( ! ,treasury to issue        
,transportation ,bonds to fund          
transportation projects 9 ea* ,/ate1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,repair+ ,our ,ag+ 
,roads ,act4  #b4 ,transportation ,bonds
 & ,tru/ ,funds  7a7 ,au?ority ,to issue
 ,transportation ,bonds ,section #cajb (
 title #ca1 ,unit$ ,/ates ,code1 is     
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7f7 ,transportation ,bonds 
7#a7 ,9 g5]al ,! ,secret>y is au?oriz$  
to issue bonds "u ?is section1 to be    

kn[n z ,transportation ,bonds4          
,transportation ,bonds %all be issu$ =  
ea* ( ! #ej ,/ates & %all be sep>ately  
id5tifi$ ) respect to ea* ,/ate4  7#b7  
,limitation ,! aggregate am\nt (        
,transportation ,bonds issu$ ) respect  
to ea* ,/ate %all n exce$               
#b1jjj1jjj1jjj4  7#c7 ,=m ,except z     
provid$ 9 p>agraph 7#c71 ! bonds        
au?oriz$ by p>agraph 7#a7 %all be 9 su* 
=m & d5om9ations1 & %all be subject to  
su* t]ms & conditions ( issue1          
conv]sion1 r$emption1 maturation1       
paym5t1 & rate ( int]e/ z ! ,secret>y   
may prescribe4  7#d7 ,maximum rate (    
int]e/ ,! rate ( int]e/ on any bond     
au?oriz$ by p>agraph 7#a7 %all n exce$ !
 rate ( int]e/ :i* is #j4be p]c5tage    
po9ts less ?an ! rate ( int]e/ :i* w\ld 
apply ) respect to an o!rwise           
sub/antially id5tical bond au?oriz$ "u  
subsection 7a74  4  7b7 ,transportation 
,tru/ ,funds  7#a7 ,e/abli%m5t ( ,tru/  
funds ,!re is e/abli%$ 9 ! ,treasury ( !
 ,unit$ ,/ates #ej sep>ate tru/ funds1  

consi/+ ( su* am\nts z may be           
appropriat$1 cr$it$1 or transf]r$ to ea*
 su* tru/ fund z provid$ 9 ?is section  
or o!r provision ( law4 ,su* tru/ funds 
%all be e/abli%$ ) respect to ea* ( !   
#ej ,/ates & ea* %all be kn[n z ! ,/ate 
,transportation ,tru/ ,fund 7:]e ! "n ( 
! correspond+ ,/ate is sub/itut$ =      
,/ate74 ,= purposes ( ?is subsection1   
any ref]5ce to ea* ,/ate ,transportation
 ,tru/ ,fund %all be treat$ z a ref]5ce 
to ea* ( ! #ej tru/ funds e/abli%$ "u   
?is p>agraph4  7#b7 ,transf]s to tru/   
funds ,!re are h]eby appropriat$ to ea* 
,/ate ,transportation ,tru/ ,fund am\nts
 equival5t to all rev5ues d]iv$ f ! sale
 & issuance ( ,transportation ,bonds    
issu$ "u section #cajb ( title #ca1     
,unit$ ,/ates ,code1 ) respect to !     
correspond+ ,/ate4  7#c7 ,exp5ditures f 
tru/ funds ,am\nts 9 ea* ,/ate          
,transportation ,tru/ ,fund %all be     
available1 )\t ne$ ( fur!r              
appropriation1 = mon?ly disbursem5t to !
 correspond+ ,/ate ) respect to su*     

,tru/ ,fund4 ,su* mon?ly disbursem5ts   
%all be us$ by ! correspond+ ,/ate only 
= purposes ( mak+ exp5ditures to        
con/ruct or improve transportation      
infra/ructure 9 ! correspond+ ,/ate4    
7c7 ,prev5tion ( ,/ate p>ticipation 9   
,transportation ,bonds program  7#a7 ,9 
g5]al ,! ,secret>y ( ! ,treasury %all n 
issue any ,transportation ,bond "u      
section #cajb7;f7 ( title #ca1 ,unit$   
,/ates ,code1 z add$ by subsection 7a71 
to any ,/ate or political subdivision   
!re(4  7#b7 ,d5ial ( ,/ate b5efit f     
indirect acquisitions ,appropriations to
 any ,/ate ,transportation ,tru/ ,fund  
"u subsection 7b77#b7 %all be r$uc$ by !
 am\nt ( any rev5ues d]iv$ f ! sale or  
issuance ( any ,transportation ,bond to 
any p]son if su* bond 0 acquir$ by su*  
p]son ) funds provid$ directly or       
indirectly by any ,/ate or political    
subdivision !re(4  #c4 ,(fsett+ r$uction
 9 discretion>y sp5d+  7a7 ,calculation 
,on ! la/ day ( ! fir/ qu>t] dur+ :i*   
,transportation ,bonds are issu$ "u     

section #cajb7;f7 ( title #ca1 ,unit$   
,/ates ,code 7z add$ by subsection 7a771
 & on ! la/ day ( ea* qu>t] !reaft]1 !  
,secret>y ( ! ,treasury %all calculate !
 doll> am\nt ( bonds issu$ dur+ any su* 
qu>t]4  7b7 ,rescission ,on ! fir/ day (
 ! qu>t] imm$iately foll[+ any qu>t] )  
respect to :i* a calculation is made "u 
subsection 7a71 !re is h]eby resc9d$ an 
am\nt equal to ! calculat$ doll> am\nt  
(--  7#a7 ! budget au?ority provid$ =   
any discretion>y acc\nt 9 any           
appropriation ,act = ! fiscal ye> 9 :i* 
su* fir/ day occurs2 &  7#b7 ! budget   
au?ority provid$ 9 any advance          
appropriation = any discretion>y acc\nt 
9 any prior ye> appropriation ,act4  7c7
 ,proportionate application ,any        
rescission made by subsection 7b7 %all  
be appli$ proportionately--  7#a7 to ea*
 discretion>y acc\nt & ea* item ( budget
 au?ority describ$ 9 su* subsection2 &  
7#b7 )9 ea* su* acc\nt & item1 to ea*   
program1 project1 & activity 7)         
programs1 projects1 & activities z      

del9eat$ 9 ! appropriation ,act or      
accompany+ reports = ! relevant fiscal  
ye> cov]+ su* acc\nt or item1 or =      
acc\nts & items n includ$ 9             
appropriation ,acts1 z del9eat$ 9 ! mo/ 
rec5tly submitt$ ,presid5t's budget74