Border control trust fund

There is established a Border Control Trust Fund (Fund) under the control of the Commissioner. The fees collected under section 702 shall be deposited into the Fund. Amounts deposited into the Fund and the earnings thereon shall be expended by the Commissioner exclusively on (1) measures, personnel, structures, and devices to deter and prevent illegal entry of persons and contraband into the United States by land or by sea, (2) construction and operation of facilities to expedite lawful border traffic and reduce, where practical, extensive delays in the time required for lawful entry of goods and persons, and (3) financial and other assistance to State and local law enforcement agencies that have entered into cooperative arrangements with the Immigration and Naturalization Service. Not less than 80 percent of the sum of (a) amounts deposited into the Fund during a fiscal year and (b) the earnings of the Fund during that fiscal year shall be expended during that or the subsequent fiscal year.