,i #aafth ,,congress #ast ,session ,h4 ,r4 #edf ,,in ,,the ,,house ,,of ,,representatives ,january #ae1 #bjai,mr4 ,palazzo 7for himself and ,mr4 ,harris7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means1 and in addition to the ,committee on ,homeland ,security1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to provide for the issuance of revenue bonds to fund construction of a physical border barrier and related technology1 roads1 and lighting along the ,united ,states border with ,mexico4 #a4 ,short title ,this ,act may be cited as the ,border ,bonds for ,america ,act of #bjai4 #b4 ,border bonds 7a7 ,issuance ,the ,secretary of the ,treasury shall1 pursuant to subchapter ,i of chapter #ca of title #ca1 ,united ,states ,code1 issue bonds1 to be known as ,border ,bonds4 7b7 ,transfer of revenue ,proceeds from the issuance of ,border ,bonds shall be transferred to the ,border ,trust ,fund as provided in section #ieab7;b7 of the ,internal ,revenue ,code of #aihf4 7c7 ,terms and conditions 7#a7 ,term ,a bond issued under subsection 7a7 shall have a term of #cj years4 7#b7 ,face amount limitation ,the face amount of bonds issued under subsection 7a7 in any fiscal year shall not exceed #e1jjj1jjj1jjj4 7#c7 ,other terms ,the bonds authorized by this subsection shall be in such form and denominations1 and shall be subject to such terms and conditions of issue1 conversion1 redemption1 maturation1 payment1 and rate of interest as the ,secretary may prescribe1 except that no interest shall be payable with respect to such a bond before the date that is #aj years after the date of the enactment of this subsection4 7#d7 ,sunset ,no bonds may be issued under subsection 7a7 later than #cj years after the date of the enactment of this ,act4 #c4 ,accepting gifts ,section #caac of title #ca1 ,united ,states ,code1 is amended by adding at the end the following new subsection3 7f7 ,the ,secretary of the ,treasury may accept for the ,government a gift of money made only on the condition that it be transferred to the ,border ,bonds ,trust ,fund as provided in section #ieab7;b7 of the ,internal ,revenue ,code of #aihf4 4 #d4 ,border ,bonds ,trust ,fund ,chapter #ih of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #ieab4 ,border ,bonds ,trust ,fund 7a7 ,creation of trust fund ,there is established in the ,treasury of the ,united ,states a trust fund to be known as the ,border ,bonds ,trust ,fund1 consisting of such amounts as may be apportioned or credited to such ,trust ,fund as provided in this section or section #ifjb7;b74 7b7 ,transfers to trust fund ,there are hereby appropriated to the ,trust ,fund amounts equivalent to-- 7#a7 proceeds from the issuance of ,border ,bonds under section #b of the ,border ,bonds for ,america ,act of #bjai1 and 7#b7 gifts accepted under section #caac of title #ca1 ,united ,states ,code4 7c7 ,expenditures from trust fund ,amounts in the ,trust ,fund shall be available1 without further appropriation1 to construct reinforced fencing and provide for the installation of additional physical barriers1 roads1 lighting1 cameras1 and sensors to gain operational control of the southwest border under section #ajb of the ,illegal ,immigration ,reform and ,immigrant ,responsibility ,act of #aiif 7#h ,u4,s4,c4 #aajc note74 4