I 
109TH CONGRESS 
1ST SESSION H. R. 4076 
To authorize the Secretary of the Treasury to issue Disaster Recovery Bonds 
for disaster relief and recovery efforts. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 18, 2005 
Mr. YOUNG of Alaska introduced the following bill; which was referred to the 
Committee on Ways and Means, and in addition to the Committee on 
Transportation and Infrastructure, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To authorize the Secretary of the Treasury to issue Disaster 
Recovery Bonds for disaster relief and recovery efforts. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Disaster Recovery Act 
of 2005’’. 
SEC. 2. DISASTER RECOVERY BONDS AND TRUST FUND. 
(a) AUTHORITY
TO ISSUE DISASTER RECOVERY 
BONDS.—Section 3102 of title 31, United States Code,
is amended by adding at the end the following new sub-
section: 
‘‘(f) DISASTER RECOVERY BONDS.— 
‘‘(1) IN GENERAL.—The Secretary is authorized 
to issue bonds under this section, to be known as 
‘Disaster Recovery Bonds’. 
‘‘(2) FORM.—The bonds authorized by para-
graph (1) shall be in such form and denominations, 
and shall be subject to such terms and conditions of 
issue, conversion, redemption, maturation, payment, 
and rate of interest as the Secretary may prescribe. 
‘‘(3) MARKETING.—The Secretary shall carry 
out a program to encourage sales of Disaster Recov-
ery Bonds, including activities to facilitate the pur-
chase of such bonds through payroll deductions and 
incremental stamp programs.’’. 
(b) DISASTER RECOVERY TRUST FUND.— 
(1) ESTABLISHMENT OF TRUST FUND.—There 
is established in the Treasury of the United States 
a trust fund to be known as the ‘‘Disaster Recovery 
Trust Fund’’, consisting of such amounts as may be 
appropriated, credited, or transferred to such Trust 
Fund as provided in this section or other provision 
of law.
(2) TRANSFERS TO TRUST FUND.—There are 
hereby appropriated to the Disaster Recovery Trust 
Fund amounts equivalent to all revenues derived 
from the sale and issuance of Disaster Recovery 
Bonds issued under section 3102 of title 31, United 
States Code. 
(3) EXPENDITURES FROM TRUST FUND.— 
(A) IN GENERAL.—Amounts in the Dis-
aster Recovery Trust Fund shall be available 
only as provided for in appropriation Acts and 
only for purposes of making expenditures to 
carry out relief and recovery efforts related to 
a major disaster declared by the President 
under section 401 of the Robert T. Stafford 
Disaster Relief and Emergency Assistance Act. 
(B) LIMITATIONS.— 
(i) PER DISASTER LIMITATION.—Not 
more than 50 percent of the balance of the 
trust fund shall be available for any single 
disaster. For purposes of this clause, the 
balance of the trust fund shall be deter-
mined as of the beginning of the calendar 
year in which such disaster is declared. 
(ii) ANNUAL LIMITATION.—Not more 
than 75 percent of the balance of the trust
fund shall be available for disasters de-
clared in single calendar year. For pur-
poses of this clause, the balance of the 
trust fund shall be determined as of the 
beginning of such calendar year. 
Æ