Appendix - Funds Appropriated to the President

[Appendix]
[Detailed Budget Estimates by Agency]
[Funds Appropriated to the President]
[From the U.S. Government Publishing Office, www.gpo.gov]

[[Page 71]]

FUNDS APPROPRIATED TO THE PRESIDENT

UNANTICIPATED NEEDS

Federal Funds

General and special funds:

Unanticipated Needs

For expenses necessary to enable the President to meet unanticipated
needs, in furtherance of the national interest, security, or defense
which may arise at home or abroad during the current fiscal year;
$1,000,000. (Executive Office Appropriations Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0037-0-1-802 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Reserved for future allocation.... 1 1 1
--------- --------- ----------

10.00 Total obligations (object class
92.0)......................... 1 1 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1 1 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 1 1 1
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 1 1 1
73.20 Total outlays (gross)............. -1 -1 -1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1 1 1
--------- --------- ----------

87.00 Total outlays (gross)........... 1 1 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 1 1 1
90.00 Outlays........................... 1 1
---------------------------------------------------------------------------

These funds enable the President to meet unanticipated needs in
furtherance of the national interest, security, or defense.

Unanticipated Needs for Natural Disasters

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0033-0-1-453 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 14 4 4
22.00 New budget authority (gross)...... -12
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 2 4 4
23.95 New obligations...................
24.40 Unobligated balance available, end
of year: Uninvested balance..... 4 4 4
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

41.00 Transferred to other accounts... -27
42.00 Transferred from other accounts. 4
--------- --------- ----------

43.00 Appropriation (total)......... -24
Permanent:

60.05 Appropriation (indefinite)...... 11
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... -12
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations...................
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -12
90.00 Outlays...........................
---------------------------------------------------------------------------

This account was established by P.L. 103-211, the Emergency
Supplemental Appropriations Act of 1994. The supplemental was enacted in
response to the January 17, 1994, Northridge earthquake. The account
provides the Administration flexibility to fund disaster response
requirements which were not yet identified at the time the supplemental
was enacted. Funds are available for any natural disaster, although most
have been used to respond to the Northridge earthquake.

A total of $545 million was released in 1994 and 1995. In 1995, $6.7
million was released to FEMA to support research and development efforts
to develop better methods to repair earthquake-damaged buildings. In
addition, $5 million was released to Interior to support the January
1994 California earthquake historic preservation assistance.

FEDERAL DRUG CONTROL PROGRAMS

Federal Funds

General and special funds:

High Intensity Drug Trafficking Areas Program

(including transfer of funds)

For necessary expenses of the Office of National
Drug Control Policy's High Intensity Drug Trafficking Areas
Program, $103,000,000 for drug control activities consistent
with the approved strategy for each of the designated High
Intensity Drug Trafficking Areas, of which no less than
[$55,000,000] $52,000,000 shall be transferred to State and
local entities for drug control activities; and of which up
to [$48,000,000] $51,000,000 may be transferred to Federal
agencies and departments at a rate to be determined by the
Director: Provided, That the funds made available under this
head shall be obligated within 90 days of the date of
enactment of this Act. (Executive Office Appropriations Act,
1996.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Federal Activities................ 48 48
00.02 Grants to State and local law
enforcement agencies............ 56 55 55
--------- --------- ----------

10.00 Total obligations............... 56 103 103
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 56 103 103
23.95 New obligations................... -56 -103 -103
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 107 103 103
41.00 Transferred to other accounts..... -51
--------- --------- ----------

43.00 Appropriation (total)........... 56 103 103
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 56 103 103
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 34 59 76
73.10 New obligations................... 56 103 103
73.20 Total outlays (gross)............. -31 -86 -103

[[Page 72]]

74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 59 76 76
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 29 65 65
86.93 Outlays from current balances..... 2 21 38
--------- --------- ----------

87.00 Total outlays (gross)........... 31 86 103
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 56 103 103
90.00 Outlays........................... 31 86 103
---------------------------------------------------------------------------

The High Intensity Drug Trafficking Areas (HIDTA) Program was
established by the Anti-Drug Abuse Act of 1988 to provide assistance to
Federal and State and local law enforcement entities operating in those
areas most adversely affected by drug trafficking. Since January 1990,
the Director of the Office of National Drug Control Policy has
designated seven areas as HIDTAs: New York, Los Angeles, Miami, Houston,
Baltimore/Washington, DC metropolitan area, Puerto Rico/Virgin Islands,
and the Southwest Border.

Funds made available under the HIDTA program are disbursed at the
discretion of the Director of the Office of National Drug Control Policy
for joint local, State, and Federal initiatives.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1070-0-1-802 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
25.2 Other services.................... 56 48 48
41.0 Grants, subsidies, and
contributions................... 55 55
--------- --------- ----------

99.9 Total obligations............... 56 103 103
---------------------------------------------------------------------------

Special Forfeiture Fund

(including transfer of funds)

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-5001-0-2-802 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 22
Receipts:
02.02 Forfeited cash and proceeds from
sale of forfeited property...... 4 22
--------- --------- ----------

04.00 Total: Balances and collections... 4 22 22
Appropriation:
05.01 Special forfeiture fund........... -4
07.99 Total balance, end of year........ 22 22
---------------------------------------------------------------------------

Program and Financing (in millions of dollars)

New budget authority (gross), detail:
40.00 Appropriation..................... 25
40.25 Appropriation (special fund,
indefinite)..................... 4
41.00 Transferred to other accounts..... -29
--------- --------- ----------

43.00 Appropriation (total)...........
--------- --------- ----------

70.00 Total new budget authority
(gross).......................
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

Net budget authority and outlays:
90.00 Outlays...........................
---------------------------------------------------------------------------

The Anti-Drug Abuse Act of 1988 established the Special Forfeiture
Fund, to be administered by the Director of the Office of National Drug
Control Policy. The Special Forfeiture Fund supports high-priority drug
control programs, as defined by the Director of the Office of National
Drug Control Policy. This Fund, which began operation in 1990, receives
deposits from the Department of Justice Assets Forfeiture Fund and the
Department of the Treasury Assets Forfeiture Fund. The monies in the
Fund are transferred to the drug control agencies in accordance with the
priorities articulated in the National Drug Control Strategy.
Obligations directly incurred by ONDCP will be reflected in account
11X1457.

INTERNATIONAL SECURITY ASSISTANCE

Federal Funds

General and special funds:

Economic Support Fund and International Fund for Ireland

For necessary expenses to carry out the provisions of chapter 4 of
part II, [$2,340,000,000] $2,408,000,000, to remain available until
[September 30, 1997] expended [: Provided, That of the funds
appropriated under this heading, not less than $1,200,000,000 shall be
available only for Israel, which sum shall be available on a grant basis
as a cash transfer and shall be disbursed within thirty days of
enactment of this Act or by October 31, 1995, whichever is later:
Provided further, That not less than $815,000,000 shall be available
only for Egypt, which sum shall be provided on a grant basis, and of
which sum cash transfer assistance may be provided, with the
understanding that Egypt will undertake significant economic reforms
which are additional to those which were undertaken in previous fiscal
years, and of which not less than $200,000,000 shall be provided as
Commodity Import Program assistance: Provided further, That the Egyptian
pound equivalent of $85,000,000 generated from funds made available by
this paragraph or generated from funds appropriated under this heading
in prior appropriations Acts, may be made available to the United States
pursuant to the United States-Egypt Economic, Technical and Related
Assistance Agreements of 1978, for the following activities under such
Agreements: the Egyptian pound equivalent of $50,000,000 may be made
available to replenish the existing endowment for the American
University in Cairo, and the Egyptian pound equivalent of $35,000,000
may be made available for projects and programs, including establishment
of an endowment, which promote the preservation and restoration of
Egyptian antiquities: Provided further, That in exercising the authority
to provide cash transfer assistance for Israel and Egypt, the President
shall ensure that the level of such assistance does not cause an adverse
impact on the total level of non-military exports from the United States
to each such country: Provided further, That it is the sense of the
Congress that the recommended levels of assistance for Egypt and Israel
are based in great measure upon their continued participation in the
Camp David Accords and upon the Egyptian-Israeli peace treaty: Provided
further, That none of the funds appropriated under this heading shall be
made available for Zaire]. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1037-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 2,729 2,578 2,408
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 502 218
22.00 New budget authority (gross)...... 2,334 2,360 2,408
22.10 Resources available from
recoveries of prior year
obligations..................... 111
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 2,947 2,578 2,408
23.95 New obligations................... -2,729 -2,578 -2,408

[[Page 73]]

24.40 Unobligated balance available, end
of year: Uninvested balance..... 218
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 2,344 2,360 2,408
41.00 Transferred to other accounts..... -14
42.00 Transferred from other accounts... 3
--------- --------- ----------

43.00 Appropriation (total)........... 2,333 2,360 2,408
50.00 Reappropriation................... 1
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 2,334 2,360 2,408
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 2,897 2,764 2,746
73.10 New obligations................... 2,729 2,578 2,408
73.20 Total outlays (gross)............. -2,739 -2,596 -2,545
73.30 Obligated balance transferred, net -10
73.40 Adjustments in expired accounts... -1
73.45 Adjustments in unexpired accounts. -111
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 2,764 2,746 2,609
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1,466 1,490 1,502
86.93 Outlays from current balances..... 1,273 1,106 1,043
--------- --------- ----------

87.00 Total outlays (gross)........... 2,739 2,596 2,545
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 2,334 2,360 2,408
90.00 Outlays........................... 2,739 2,596 2,545
---------------------------------------------------------------------------

This account is used to provide economic assistance to selected
countries in support of U.S. efforts to promote stability and U.S.
security interests in strategic regions of the world.

Object Classification (in millions of dollars)

Direct obligations:

25.2 Other services.................. 3 3 3
41.0 Grants, subsidies, and
contributions................. 2,638 2,575 2,405
--------- --------- ----------

99.0 Subtotal, direct obligations.. 2,641 2,578 2,408
41.0 Allocation Account--Direct
Obligations: Grants, subsidies,
and contributions............... 88
--------- --------- ----------

99.9 Total obligations............... 2,729 2,578 2,408
---------------------------------------------------------------------------

Foreign Military Financing Program

For expenses necessary for grants to enable the President to carry
out the provisions of section 23 of the Arms Export Control Act,
[$3,208,390,000] $3,228,250,000: Provided, That [of the funds
appropriated by this paragraph not less than $1,800,000,000 shall be
available for grants only for Israel, and not less than $1,300,000,000
shall be available for grants only for Egypt: Provided further, That the
funds appropriated by this paragraph for Israel shall be disbursed
within thirty days of enactment of this Act or by October 31, 1995,
whichever is later: Provided further, That to the extent that the
Government of Israel requests that funds be used for such purposes,
grants made available for Israel by this paragraph shall, as agreed by
Israel and the United States, be available for advanced weapons systems,
of which not less than $475,000,000 shall be available for the
procurement in Israel of defense articles and defense services,
including research and development: Provided further, That] funds made
available under this paragraph shall be nonrepayable notwithstanding any
requirement in section 23 of the Arms Export Control Act[: Provided
further, That, for the purpose only of providing support for the Warsaw
Initiative Program, of the funds appropriated by this Act under the
headings ``Assistance for Eastern Europe and the Baltic States'' and
``Assistance for the New Independent States of the Former Soviet
Union'', up to a total of $20,000,000 may be transferred,
notwithstanding any other provision of law, to the funds appropriated
under this paragraph: Provided further, That none of the funds made
available under this heading shall be available for any non-NATO country
participating in the Partnership for Peace Program except through the
regular notification procedures of the Committees on Appropriations].
For the cost, as defined in section 502 of the Congressional Budget
Act of 1974, of direct loans authorized by section 23 of the Arms Export
Control Act as follows: cost of direct loans, [$64,400,000] $40,000,000:
Provided, That these funds are available to subsidize gross obligations
for the principal amount of direct loans of not to exceed [$544,000,000]
$370,028,000: Provided further, That the rate of interest charged on
such loans shall be not less than the current average market yield on
outstanding marketable obligations of the United States of comparable
maturities[: Provided further, That funds appropriated under this
heading shall be made available for Greece and Turkey only on a loan
basis, and the principal amount of direct loans for each country shall
not exceed the following: $224,000,000 only for Greece and $320,000,000
only for Turkey].
None of the funds made available under this heading shall be
available to finance the procurement of defense articles, defense
services, or design and construction services that are not sold by the
United States Government under the Arms Export Control Act unless the
foreign country proposing to make such procurements has first signed an
agreement with the United States Government specifying the conditions
under which such procurements may be financed with such funds: Provided,
That [all country and funding level increases in allocations shall be
submitted through the regular notification procedures of section 515 of
this Act: Provided further, That] funds made available under this
heading shall be obligated upon apportionment in accordance with
paragraph (5)(C) of title 31, United States Code, section 1501(a):
[Provided further, That none of the funds appropriated under this
heading shall be available for Zaire, Sudan, Peru, Liberia, and
Guatemala: Provided further, That none of the funds appropriated or
otherwise made available for use under this heading may be made
available for Colombia or Bolivia until the Secretary of State certifies
that such funds will be used by such country primarily for
counternarcotics activities:] Provided further, That funds made
available under this heading may be used, notwithstanding any other
provision of law, for demining activities, and may include activities
implemented through nongovernmental and international organizations:
Provided further, That not more than $100,000,000 of the funds made
available under this heading shall be available for use in financing the
procurement of defense articles, defense services, or design and
construction services that are not sold by the United States Government
under the Arms Export Control Act to countries other than Israel and
Egypt: Provided further, That only those countries for which assistance
was justified for the ``Foreign Military Sales Financing Program'' in
the fiscal year 1989 congressional presentation for security assistance
programs may utilize funds made available under this heading for
procurement of defense articles, defense services or design and
construction services that are not sold by the United States Government
under the Arms Export Control Act: Provided further, That, subject to
the regular notification procedures of the Committees on Appropriations,
funds made available under this heading for the cost of direct loans may
also be used to supplement the funds available under this heading for
grants, and funds made available under this heading for grants may also
be used to supplement the funds available under this heading for the
cost of direct loans: Provided further, That funds appropriated under
this heading shall be expended at the minimum rate necessary to make
timely payment for defense articles and services: Provided further, That
the Department of Defense shall conduct during the current fiscal year
nonreimbursable audits of private firms whose contracts are made
directly with foreign governments and are financed with funds made
available under this heading (as well as subcontractors thereunder) as
requested by the Defense Security Assistance Agency: Provided further,
That not more than $23,250,000 of the funds appropriated under this
heading may be obligated for necessary expenses, including the purchase
of passenger motor vehicles for replacement only for use outside of the
United States, for the general costs of administering military
assistance and sales[: Provided further, That not more than $355,000,000
of funds realized pursuant to section 21(e)(1)(A) of the Arms Export
Control Act may be obligated for expenses incurred by the Department of
Defense during fiscal year 1996 pursuant to section 43(b) of the Arms
Export Control Act, except that this limitation may be exceeded only
through the regular notification procedures of the Committees on
Appropriations]. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1996.)

[[Page 74]]

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Country programs.................. 3,133 3,185 3,205
00.02 Administrative costs.............. 22 23 23
--------- --------- ----------

10.00 Total obligations............... 3,155 3,208 3,228
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3,155 3,208 3,228
23.95 New obligations................... -3,155 -3,208 -3,228
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 3,152 3,208 3,228
42.00 Transferred from other accounts. 2
--------- --------- ----------

43.00 Appropriation (total)......... 3,154 3,208 3,228
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 3,155 3,208 3,228
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,217 1,436 1,342
73.10 New obligations................... 3,155 3,208 3,228
73.20 Total outlays (gross)............. -2,933 -3,302 -3,217
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,436 1,342 1,353
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1,925 1,963 1,972
86.93 Outlays from current balances..... 1,007 1,339 1,245
86.97 Outlays from new permanent
authority....................... 1
--------- --------- ----------

87.00 Total outlays (gross)........... 2,933 3,302 3,217
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 3,156 3,208 3,228
90.00 Outlays........................... 2,933 3,302 3,217
---------------------------------------------------------------------------

Summary of Budget Authority and Outlays

[In millions of dollars]

1995 actual 1996 est. 1997 est.
Enacted/requested:
Budget Authority.................. 3,156 3,208 3,228
Outlays........................... 2,934 3,302 3,217
Supplemental proposal:
Budget Authority.................. 140
Outlays........................... 25 67
------------------------------------
Total:
Budget Authority.................. 3,156 3,348 3,228
Outlays........................... 2,934 3,327 3,284
====================================

The foreign military financing (FMF) program enables selected
friendly and allied countries to improve their ability to defend
themselves by financing their acquisition of U.S. military articles,
services, and training. This account provides the grant financing
portion of the FMF program. Credit financing, in the form of direct
loans, is provided in the FMF loan program account.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1082-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
25.2 Other services.................... 22 23 23
41.0 Grants, subsidies, and
contributions................... 3,133 3,185 3,205
--------- --------- ----------

99.9 Total obligations............... 3,155 3,208 3,228
---------------------------------------------------------------------------

International Military Education and Training

For necessary expenses to carry out the provisions of section 541 of
the Foreign Assistance Act of 1961, [$39,000,000] $45,000,000: Provided,
That up to $100,000 of the funds appropriated under this heading may be
made available for grant financed military education and training for
any high income country on the condition that that country agrees to
fund from its own resources the transportation cost and living
allowances of its students: Provided further, That the civilian
personnel for whom military education and training may be provided under
this heading may also include members of national legislatures who are
responsible for the oversight and management of the military, and may
also include individuals who are not members of a government [Provided
further, That none of the funds appropriated under this heading shall be
available for Zaire and Guatemala: Provided further, That funds
appropriated under this heading for grant financed military education
and training for Indonesia may only be available for expanded military
education and training]. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations................. 26 39 45
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 26 39 45
23.95 New obligations................... -26 -39 -45
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 26 39 45
42.00 Transferred from other accounts... 1
--------- --------- ----------

43.00 Appropriation (total)........... 26 39 45
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 26 39 45
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 26 23 31
73.10 New obligations................... 26 39 45
73.20 Total outlays (gross)............. -27 -31 -46
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 23 31 30
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 13 20 23
86.93 Outlays from current balances..... 13 13 23
--------- --------- ----------

87.00 Total outlays (gross)........... 27 31 46
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 26 39 45
90.00 Outlays........................... 27 31 46
---------------------------------------------------------------------------

This assistance provides grant military education and training to
military and civilian students from foreign countries. In addition to
helping these countries move toward self-sufficiency in defending
themselves, this program also exposes foreign students to American
democratic values, particularly military respect for civilian rule and
for individual and human rights.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1081-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
26.0 Supplies and materials............ 3 4 5
41.0 Grants, subsidies, and
contributions................... 22 34 39
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------

99.9 Total obligations............... 26 39 45
---------------------------------------------------------------------------

[[Page 75]]

military-to-military contact program

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations................. 11
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 12
23.95 New obligations................... -11
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 12
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 5
73.10 New obligations................... 11
73.20 Total outlays (gross)............. -6 -5
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 5
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 6
86.93 Outlays from current balances..... 5
--------- --------- ----------

87.00 Total outlays (gross)........... 6 5
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 12
90.00 Outlays........................... 6 5
---------------------------------------------------------------------------

This assistance finances expenses associated with direct contacts
between U.S. military and the military establishments of Eastern Europe
and the Baltic and Pacific regions. These contacts are designed to
promote the development of foreign military that are non-political,
loyal to civilian constitutional authority, structured for defensive
needs, and respectful of human and individual rights.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1084-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
11.7 Personnel compensation: Military
personnel....................... 2
21.0 Travel and transportation of
persons......................... 7
25.2 Other services.................... 1
99.5 Below reporting threshold......... 1
--------- --------- ----------

99.9 Total obligations............... 11
---------------------------------------------------------------------------

Peacekeeping Operations

For necessary expenses to carry out the provisions of section 551 of
the Foreign Assistance Act of 1961, $70,000,000[: Provided, That none of
the funds appropriated under this paragraph shall be obligated or
expended except as provided through the regular notification procedures
of the Committees on Appropriations] (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1032-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 74 70 70
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 74 70 70
23.95 New obligations................... -74 -70 -70
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 75 70 70
40.75 Reduction pursuant to P.L. 104-19. -3
41.00 Transferred to other accounts..... -1
42.00 Transferred from other accounts... 3
--------- --------- ----------

43.00 Appropriation (total)........... 74 70 70
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 74 70 70
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 36 29 28
73.10 New obligations................... 74 70 70
73.20 Total outlays (gross)............. -81 -71 -70
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 29 28 28
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 50 48 48
86.93 Outlays from current balances..... 31 23 22
--------- --------- ----------

87.00 Total outlays (gross)........... 81 71 70
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 74 70 70
90.00 Outlays........................... 81 71 70
---------------------------------------------------------------------------

This account funds U.S. assistance to international efforts to
monitor and maintain the peace in areas of special concern to the United
States and to other related programs carried out in furtherance of the
national security interests of the United States. In 1997, contributions
are planned for the Multinational Force and Observers in the Sinai,
Europe, Africa and other regional programs, and other activities.

Assistance for Relocation of Facilities in Israel

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1088-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

New budget authority (gross), detail:
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 2
68.49 Portion applied to liquidate
contract authority............ -2
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total).....................
--------- --------- ----------

70.00 Total new budget authority
(gross).......................
----------------------------------------------------------------------------

Change in unpaid obligations:
72.49 Unpaid obligations, start of year:
Obligated balance: Contract
authority....................... 4 4
73.10 New obligations...................
73.20 Total outlays (gross)............. -2
74.49 Unpaid obligations, end of year:
Obligated balance: Contract
authority....................... 4
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 2
--------- --------- ----------

87.00 Total outlays (gross)........... 2
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.00 Offsetting collections (cash)
from: Federal sources......... -2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -2
90.00 Outlays...........................
---------------------------------------------------------------------------

Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Unfunded balance, start of year......... 4 4
Collections applied to liquidate
contract authority..................... -2
Cancellation of Contract Authority...... -2
--------- --------- ----------

Unfunded balance, end of year........... 4
---------------------------------------------------------------------------

This account shows financial transactions related to the
construction of two airfields in Israel that were part of the Camp David
agreement.

[[Page 76]]

Nonproliferation and Disarmament Fund

For necessary expenses for a ``Nonproliferation and Disarmament
Fund'', $20,000,000, to remain available until expended, to promote
bilateral and multilateral activities: Provided, That such funds may be
used pursuant to the authorities contained in section 504 of the FREEDOM
Support Act: Provided further, That such funds may also be used for such
countries other than the new independent states of the former Soviet
Union and international organizations when it is in the national
security interest of the United States to do so: Provided further, That
funds appropriated under this heading may be made available
notwithstanding any other provision of law: Provided further, That funds
appropriated under this heading shall be subject to the regular
notification procedures of the Committees on Appropriations. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1071-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Education and training............ 1 2 3
00.02 Destruction and conversion
assistance...................... 4 5 8
00.03 Enforcement/interdiction
assistance...................... 2 8 7
00.04 Safeguards/verification assistance 4 4
--------- --------- ----------

10.00 Total obligations............... 7 19 22
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 1 4 5
22.00 New budget authority (gross)...... 10 20 20
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 11 24 25
23.95 New obligations................... -7 -19 -22
24.40 Unobligated balance available, end
of year: Uninvested balance..... 4 5 3
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 10 20 20
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 9 13 19
73.10 New obligations................... 7 19 22
73.20 Total outlays (gross)............. -3 -13 -14
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 13 19 27
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1 5 5
86.93 Outlays from current balances..... 2 8 9
--------- --------- ----------

87.00 Total outlays (gross)........... 3 13 14
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 10 20 20
90.00 Outlays........................... 3 13 14
---------------------------------------------------------------------------

This account is used to provide financial and technical assistance
to support nonproliferation and disarmament efforts in foreign
countries, including education and training, elimination of weapons of
mass destruction, and development of export control capabilities in
foreign countries.

Credit accounts:

Foreign Military Financing Loan Program Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loan subsidy............... 43 64 40
--------- --------- ----------

10.00 Total obligations............... 43 64 40
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 43 64 40
23.95 New obligations................... -43 -64 -40
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 48 64 40
41.00 Transferred to other accounts..... -5
--------- --------- ----------

43.00 Appropriation (total)........... 43 64 40
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 43 64 40
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 194 190 162
73.10 New obligations................... 43 64 40
73.20 Total outlays (gross)............. -47 -92 -77
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 190 162 125
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 4 3
86.93 Outlays from current balances..... 47 88 74
--------- --------- ----------

87.00 Total outlays (gross)........... 47 92 77
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 43 64 40
90.00 Outlays........................... 47 92 77
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records the subsidy costs associated with the direct loans obligated for
foreign military financing committed in 1992 and beyond, as well as the
administrative expenses of this program. The foreign military financing
credit program provides loans that finance sales of defense articles,
defense services, and design and construction services to foreign
countries and international organizations. The subsidy amounts are
estimated on a present value basis; the administrative expenses are
estimated on a cash basis.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1085-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct loan levels................ 558 544 370
--------- --------- ----------

1159 Total direct loan levels........ 558 544 370
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 7.67 11.76 10.81
--------- --------- ----------

1329 Weighted average subsidy rate... 7.67 11.76 10.81
Direct loan subsidy budget authority:
1330 Subsidy budget authority.......... 43 64 40
--------- --------- ----------

1339 Total subsidy budget authority.. 43 64 40
Direct loan subsidy outlays:
1340 Subsidy outlays................... 47 92 77
--------- --------- ----------

1349 Total subsidy outlays........... 47 92 77
---------------------------------------------------------------------------

Foreign Military Financing Direct Loan Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loans...................... 558 544 370
00.02 Interest on Treasury borrowing.... 55 65 111
--------- --------- ----------

10.00 Total obligations............... 613 609 481
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New financing authority (gross)... 613 609 481
23.95 New obligations................... -613 -609 -481
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 523 468 346
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 94 179 173

[[Page 77]]

68.10 Change in orders on hand from
Federal sources............... -4 -28 -38
68.47 Portion applied to debt
reduction..................... -10
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total)..................... 90 141 135
--------- --------- ----------

70.00 Total new financing authority
(gross)....................... 613 609 481
----------------------------------------------------------------------------

Change in unpaid obligations:
Unpaid obligations, start of year:

72.90 Obligated balance: Fund balance. 1,502 1,797 1,598
72.95 Orders on hand from Federal
sources....................... 194 190 162
--------- --------- ----------

72.99 Total unpaid obligations,
start of year............... 1,696 1,987 1,760
73.10 New obligations................... 613 609 481
73.20 Total financing disbursements
(gross)......................... -322 -836 -978
Unpaid obligations, end of year:

74.90 Obligated balance: Fund balance:
Uninvested balance............ 1,797 1,598 1,139
74.95 Orders on hand from Federal
sources....................... 190 162 124
--------- --------- ----------

74.99 Total unpaid obligations, end
of year..................... 1,987 1,760 1,263
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 322 836 978
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources............... -47 -94 -78
88.40 Non-Federal sources........... -47 -85 -95
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -94 -179 -173
88.95 Change in receivables from program
accounts........................ 4 28 38
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 523 458 346
90.00 Financing disbursements........... 228 657 805
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4122-0-3-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 558 544 370
--------- --------- ----------

1150 Total direct loan obligations... 558 544 370
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 273 539 1,272
1231 Disbursements: Direct loan
disbursements................... 266 743 829
1251 Repayments: Repayments and
prepayments..................... -10 -22
--------- --------- ----------

1290 Outstanding, end of year........ 539 1,272 2,079
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from direct loans for foreign military financing obligated in
1992 and beyond. The foreign military financing credit program provides
loans that finance sales of defense articles, defense services, and
design and construction services to foreign countries and international
organizations. The amounts in this account are a means of financing and
are not included in budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 11-4122-0-3-152 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 357 500
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 273 539 1,272 2,079
1402 Interest receivable............. 4 9 18 30
1405 Allowance for subsidy cost (-).. -27 -71 -171 -260
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 250 477 1,119 1,849
1901 Other Federal assets: Other assets 1,339 1,488 2,008 1,831
------------ -------------- ------------ -------------
1999 Total assets.................... 1,946 2,465 3,127 3,680
LIABILITIES:
2103 Federal liabilities: Debt......... 413 788 923 1,771
2207 Non-Federal liabilities: Other.... 1,533 1,677 2,204 1,909
------------ -------------- ------------ -------------
2999 Total liabilities............... 1,946 2,465 3,127 3,680
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1,946 2,465 3,127 3,680
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4122-0-3-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
33.0 Investments and loans............. 558 544 370
43.0 Interest and dividends............ 55 65 111
99.0 Subtotal, reimbursable obligations 613 609 481
--------- --------- ----------

99.9 Total obligations............... 613 609 481
---------------------------------------------------------------------------

Foreign Military Loan Liquidating Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct program: Guarantee claims.. 72 56 50
--------- --------- ----------

10.00 Total obligations (object class
33.0)......................... 72 56 50
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 72 56 50
23.95 New obligations................... -72 -56 -50
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 39 24 11
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 442 301 242
68.27 Capital transfer to general fund -117 -21 -4
68.47 Portion applied to debt
reduction..................... -292 -247 -199
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total)..................... 33 33 39
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 72 56 50
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 433 11
73.10 New obligations................... 72 56 50
73.20 Total outlays (gross)............. -494 -67 -50
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 11
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 72 56 50
86.98 Outlays from permanent balances... 422 11
--------- --------- ----------

87.00 Total outlays (gross)........... 494 67 50
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
Non-Federal sources:
88.40 Non-Federal sources--Claims. -150 -39 -39
88.40 Non-Federal sources--FFB
Loans..................... -292 -247 -199
88.40 Non-Federal sources--Debt
Reduction................. -15 -4
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -442 -301 -242
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -370 -244 -192
90.00 Outlays........................... 52 -233 -192
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 8,627 7,911 6,968
1231 Disbursements: Direct loan
disbursements................... 461 30 9
1251 Repayments: Repayments and
prepayments..................... -1,115 -935 -856

[[Page 78]]

1261 Adjustments: Capitalized interest. 32
1263 Write-offs for default: Direct
loans........................... -94 -39 -39
--------- --------- ----------

1290 Outstanding, end of year........ 7,911 6,968 6,082
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 7,146 6,610 6,168
2251 Repayments and prepayments........ -527 -436 -392
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -9 -7 -2
--------- --------- ----------

2290 Outstanding, end of year........ 6,610 6,168 5,773
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 5,949 5,501 5,192
----------------------------------------------------------------------------

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year...... 5
2331 Disbursements for guaranteed
loan claims................... 26 10 23
2351 Repayments of loans receivable..
2364 Other adjustments, net.......... -31 -10 -23
--------- --------- ----------

2390 Outstanding, end of year......
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records all cash flows to and from the Government resulting from direct
loans obligated and loan guarantees for foreign military financing
committed prior to 1992. This account is shown on a cash basis and
reflects the transactions resulting from loans provided to finance sales
of defense articles, defense services, and design and construction
services to foreign countries and international organizations. All new
foreign military financing credit activity in 1992 and beyond (including
modifications of direct loans or loan guarantees that resulted from
obligations or commitments in any year) is recorded in corresponding
program and financing accounts.

Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
0111 Revenue........................... -125 -105 -69 -65
0112 Expense........................... -342 -365 -291 -273
------------ -------------- ------------ -------------
0119 Net income or loss (-)............ -467 -470 -360 -338
------------ -------------- ------------ -------------
0199 Net income or loss................ -467 -470 -360 -338
-----------------------------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

1601 Direct loans, gross............. 8,623 7,911 6,968 6,082
1602 Interest receivable............. 500 579 510 445
1604 Direct loans and interest
receivable, net............... 9,123 8,490 7,478 6,527
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 9,123 8,490 7,478 6,527
1701 Defaulted guaranteed loans,
gross......................... 4
1702 Interest receivable............. 1
1704 Defaulted guaranteed loans and
interest receivable, net...... 5
------------ -------------- ------------ -------------
1799 Value of assets related to
loan guarantees............. 5
------------ -------------- ------------ -------------
1999 Total assets.................... 9,561 8,501 7,478 6,527
LIABILITIES:
Federal liabilities:

2102 Interest payable................ 60 56 49 45
2103 Debt............................ 3,785 3,493 3,047 2,828
2105 Other........................... 4,150 4,333 3,856 3,296
------------ -------------- ------------ -------------
2999 Total liabilities............... 7,995 7,882 6,952 6,169
NET POSITION:
3100 Appropriated capital.............. 433 11
3300 Cumulative results of operations.. 1,133 608 526 358
------------ -------------- ------------ -------------
3999 Total net position.............. 1,566 619 526 358
------------ -------------- ------------ -------------
4999 Total liabilities and net position 9,561 8,501 7,478 6,527
-----------------------------------------------------------------------------------------------

Military Debt Reduction Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Payment to liquidating account.... 15 4
00.02 Interest on debt to Treasury...... 1 1
--------- --------- ----------

10.00 Total obligations............... 16 5
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New financing authority (gross)... 16 5
23.95 New obligations................... -16 -5
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 12 3
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 4 2
--------- --------- ----------

70.00 Total new financing authority
(gross)....................... 16 5
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 16 5
73.20 Total financing disbursements
(gross)......................... -16 -5
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 16 5
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources............... -3 -1
88.40 Non-Federal sources: Interest
and fee revenue on loans.... -1 -1
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -4 -2
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 12 3
90.00 Financing disbursements........... 12 3
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 15
1232 Disbursements: Purchase of loans
assets from the public.......... 15 4
--------- --------- ----------

1290 Outstanding, end of year........ 15 19
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from restructuring foreign military loans.

[[Page 79]]

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 15 4
1405 Allowance for subsidy cost (-).. -3 -1
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 12 3
------------ -------------- ------------ -------------
1999 Total assets.................... 12 3
LIABILITIES:
2103 Federal liabilities: Debt......... 12 15
------------ -------------- ------------ -------------
2999 Total liabilities............... 12 15
------------ -------------- ------------ -------------
4999 Total liabilities and net position 12 15
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
41.0 Grants, subsidies, and
contributions................... 15 4
43.0 Interest and dividends............ 1 1
99.0 Subtotal, reimbursable obligations 16 5
--------- --------- ----------

99.9 Total obligations............... 16 5
---------------------------------------------------------------------------

General Fund Receipt Accounts (in millions of dollars)

----------------------------------------------------------------------------
1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
11-146800 Interest on foreign
military credit sales............... 263 244 211
11-296800 Repayment of loans, foreign
military credit sales............... 674 634 613
--------- --------- ----------

General Fund Offsetting receipts from
the public............................. 937 878 824
---------------------------------------------------------------------------

INTERNATIONAL DEVELOPMENT ASSISTANCE

Multilateral Assistance

Federal Funds

General and special funds:

International Financial Institutions

[contribution to the international bank for reconstruction and
development]

[For payment to the International Bank for Reconstruction and
Development by the Secretary of the Treasury, for the United States
share of the paid-in share portion of the increases in capital stock for
the General Capital Increase, $28,189,963, to remain available until
expended: Provided, That not more than twenty-one days prior to the
obligation of each such sum, the Secretary shall submit a certification
to the Committees on Appropriations that the Bank has not approved any
loans to Iran since October 1, 1994, or the President of the United
States certifies that withholding of these funds is contrary to the
national interest of the United States.]

contribution to the global environment facility

For payment [to the International Bank for Reconstruction and
Development] by the Secretary of the Treasury, for the United States
contribution to the Global Environment Facility (GEF), [$35,000,000]
$100,000,000, to remain available until [September 30, 1997] expended.

[limitation on callable capital subscriptions]

[The United States Governor of the International Bank for
Reconstruction and Development may subscribe without fiscal year
limitation to the callable capital portion of the United States share of
increases in capital stock in an amount not to exceed $911,475,013.]
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0077-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid in capital................... 23 28
00.02 Global environment trust fund..... 90 35 100
--------- --------- ----------

10.00 Total obligations (object class
33.0)......................... 113 63 100
----------------------------------------------------------------------------

Budgetary resources available for obligation:
Unobligated balance available, start of year:

21.40 Appropriation................... 1,948 1,948 1,948
21.47 Authority to borrow............. 5,715 5,715 5,715
--------- --------- ----------

21.99 Total unobligated balance,
start of year............... 7,663 7,663 7,663
22.00 New budget authority (gross)...... 113 63 100
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 7,776 7,726 7,763
23.95 New obligations................... -113 -63 -100
Unobligated balance available, end of year:

24.40 Appropriation................... 1,948 1,948 1,948
24.47 Authority to borrow............. 5,715 5,715 5,715
--------- --------- ----------

24.99 Total unobligated balance, end
of year....................... 7,663 7,663 7,663
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 113 63 100
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 83 153 177
73.10 New obligations................... 113 63 100
73.20 Total outlays (gross)............. -43 -40 -46
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 153 177 231
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 2 6 9
86.93 Outlays from current balances..... 41 34 37
--------- --------- ----------

87.00 Total outlays (gross)........... 43 40 46
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 113 63 100
90.00 Outlays........................... 43 40 46
---------------------------------------------------------------------------

The International Bank for Reconstruction and Development (World
Bank) finances development projects in less developed countries. By
applying banking principles to the achievement of development goals, it
promotes increased economic productivity and helps developing economies
meet more of the basic needs of their people.

The IBRD also plays a vital role in providing policy advice to
borrowing countries, assisting in donor coordination and promoting co-
financing.

The IBRD made new commitments of $16.9 billion during its 1995
fiscal year; IBRD gross disbursements were $12.7 billion. Since its 1945
establishment, the IBRD has made loans totalling $266.3 billion.

Full funding of capital subscriptions for the U.S. share of a $74.8
billion general capital increase has been provided by 1989-96
appropriations.

The Global Environment Facility (GEF) is the world's leading
institution for protecting the global environment and avoiding economic
disruption from climate change, depletion of the ozone layer, extinction
of species, and damage to fish populations. Through its leadership role
on the GEF Council as a major donor, the United States has succeeded in
establishing a detailed GEF Operational Strategy that focuses available
resources on a cost-effective mixture of long- and short-term responses
to these global environmental problems. Operated by an independent
Secretariat, the GEF coordinates work implemented through the World
Bank, the United Nations Development Programme, and the United Nations
Environment Programme. GEF programs place emphasis on strong local
participation to ensure successful implementation. Following U.S.
strategic guidance, the GEF will have prepared

[[Page 80]]
a workplan in April 1996 that brings total cumulative commitments to
$1.3 billion (including workplan approvals that later require a final
approval).

GEF participation forms the main pillar of U.S. influence in ongoing
international negotiations on environment, especially the Framework
Convention on Climate Change and Convention on Biological Diversity. The
GEF induces increased environmental protection by the developing
countries that pose the biggest long-term threat to the global
environment. Also, the GEF is the pioneer in starting to harness private
capital flows for investment in environmentally sound development.

The 1997 request consists of $100 million for the third of four U.S.
installments to the $2 billion replenishment of the GEF.

contribution to the international development association

For payment to the International Development Association by the
Secretary of the Treasury, [$700,000,000] $934,503,100, for the United
States contribution to the tenth replenishment, to remain available
until expended. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0073-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 1,165 710 935
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 10
22.00 New budget authority (gross)...... 1,175 700 935
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 1,175 710 935
23.95 New obligations................... -1,165 -710 -935
24.40 Unobligated balance available, end
of year: Uninvested balance..... 10
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 1,175 700 935
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 3,649 3,752 3,202
73.10 New obligations................... 1,165 710 935
73.20 Total outlays (gross)............. -1,063 -1,260 -1,161
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 3,752 3,202 2,976
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 64 86
86.93 Outlays from current balances..... 1,063 1,196 1,076
--------- --------- ----------

87.00 Total outlays (gross)........... 1,063 1,260 1,161
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 1,175 700 935
90.00 Outlays........................... 1,063 1,260 1,161
---------------------------------------------------------------------------

The International Development Association (IDA), a member of the
World Bank Group, provides development financing on highly concessional
terms to the world's poorest and least creditworthy nations. These
countries are primarily in Sub-Saharan Africa and South Asia, but also
in Latin America, Eastern Europe, and the former Soviet Union. IDA
places special emphasis on poverty alleviation, environmental
protection, and economic reform and growth. IDA is the largest source of
multilateral lending that is extended on concessional terms to
developing countries. Projects have to meet the same economic,
financial, and environmental standards as other World Bank projects.

During its fiscal year 1995, IDA made new commitments of $5.7
billion; IDA's gross disbursements were $5.7 billion. Since its
establishment, IDA has made commitments totalling $90.1 billion (as of
June 30, 1995).

The Tenth Replenishment of IDA provides donor country resources of
about $18 billion. The United States has pledged $3.75 billion (20.86
percent share of all donor contributions) to the replenishment. The 1997
request consists of $934.5 million to clear unmet U.S. commitments.

contribution to the international finance corporation

For payment to the International Finance Corporation by the
Secretary of the Treasury, [$60,900,000] $6,656,000, for the United
States share of the increase in subscriptions to capital stock, to
remain available until expended[: Provided, That of the amount
appropriated under this heading not more than $5,269,000 may be expended
for the purchase of such stock in fiscal year 1996]. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0078-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 69 61 7
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 69 61 7
23.95 New obligations................... -69 -61 -7
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 69 61 7
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 48 81 90
73.10 New obligations................... 69 61 7
73.20 Total outlays (gross)............. -36 -52 -61
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 81 90 36
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 10 5 1
86.93 Outlays from current balances..... 26 47 59
--------- --------- ----------

87.00 Total outlays (gross)........... 36 52 61
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 69 61 7
90.00 Outlays........................... 36 52 61
---------------------------------------------------------------------------

The International Finance Corporation (IFC), a member of the World
Bank Group, was established in 1956 to further economic development by
encouraging the growth of private enterprise in developing countries.
IFC provides and mobilizes loans and equity investments for promising
ventures, and provides technical assistance. The IFC is now playing an
important role in the former Soviet Union and Eastern Europe's
transition to free markets and private enterprise, due to the IFC's
special expertise in foreign investment, capital markets development,
and privatization.

During World Bank FY 1995 the Corporation approved 213 new
investments totalling $5.5 billion and net investments for the IFC's own
account were $2.9 billion. IFC's disbursed loan and equity portfolio
(for its own account) was $7.3 billion as of June 30, 1995.

The 1997 request includes budget authority of $6.7 million to clear
outstanding unmet commitments on the U.S. share of the $1.0 billion
General Capital Increase.

[[Page 81]]

contribution to multilateral investment guarantee agency

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0084-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)......
23.95 New obligations...................
----------------------------------------------------------------------------

New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 22 22 22
73.10 New obligations...................
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 22 22 22
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

The Multilateral Investment Guarantee Agency (MIGA) is an
international development institution affiliated with the World Bank
Group. MIGA is designed to encourage the flow of foreign private
investment to and among developing countries by: (1) issuing guarantees
against noncommercial risks and (2) carrying out a wide range of
investment promotion activities. Authorization and full funding of U.S.
membership was provided in 1988.

During World Bank FY 1995, the MIGA issued 54 guarantees, with a
maximum contingent liability of $672 million, to facilitate aggregate
direct investment of $2.5 billion. There are no claims pending against
MIGA.

contribution to the inter-american development bank

For payment to the Inter-American Development Bank by the Secretary
of the Treasury, for the United States share of the paid-in share
portion of the increase in capital stock, [$25,952,110] $25,610,667, and
for the United States share of the increase in the resources of the Fund
for Special Operations, [$10,000,000] $31,411,000, to remain available
until expended.

limitation on callable capital subscriptions

The United States Governor of the Inter-American Development Bank
may subscribe without fiscal year limitation to the callable capital
portion of the United States share of such capital stock in an amount
not to exceed [$1,523,767,142] $1,503,718,910. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0072-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid-in capital................... 28 26 26
00.02 Fund for Special Operations....... 21 10 31
--------- --------- ----------

10.00 Total obligations (object class
33.0)......................... 50 36 57
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 3,798 3,798 3,798
22.00 New budget authority (gross)...... 50 36 57
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 3,848 3,834 3,855
23.95 New obligations................... -50 -36 -57
24.40 Unobligated balance available, end
of year: Uninvested balance..... 3,798 3,798 3,798
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 50 36 57
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 346 271 190
73.10 New obligations................... 50 36 57
73.20 Total outlays (gross)............. -125 -117 -106
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 271 190 141
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 14 8 11
86.93 Outlays from current balances..... 111 109 95
--------- --------- ----------

87.00 Total outlays (gross)........... 125 117 106
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 50 36 57
90.00 Outlays........................... 125 117 106
---------------------------------------------------------------------------

The Inter-American Development Bank (IDB) promotes the economic and
social development of Latin America and the Caribbean through loans and
technical assistance. Since its inception in 1960, the Bank has lent
over $77.3 billion.

The Bank lends money through: (1) the Ordinary Capital window that
lends at market-based rates; (2) the Fund for Special Operations (FSO)
which makes loans on concessional terms to the region's poorest nations;
and (3) the Inter-American Investment Corporation (IIC), which makes
loans and equity investments for small and medium sized private
enterprises.

The 1997 request includes: (1) budget authority of $25.6 million for
paid-in capital subscriptions and $1,503.7 million in program
limitations for callable capital subscriptions for payments on the U.S.
contribution to the IDB's eighth general capital increase; and (2)
budget authority of $31.4 million for the U.S. payment to the Eighth
Replenishment of the FSO.

contribution to the asian development bank

For payment to the Asian Development Bank by the Secretary of the
Treasury for the United States share of the paid-in portion of the
increase in capital stock, $13,221,596, to remain available until
expended.

limitation on callable capital subscriptions

The United States Governor of the Asian Development Bank may
subscribe without fiscal year limitation to the callable capital portion
of the United States share of such capital stock in an amount not to
exceed $647,858,204.

contribution to the asian development fund

For the United States contribution by the Secretary of the Treasury
to the increases in resources of the Asian Development Fund, as
authorized by the Asian Development Bank Act, as amended (Public
Law 89-369), $100,000,000, to remain available until expended. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0076-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid-in capital................... 13 13
00.02 Asian development fund............ 168 100 100
--------- --------- ----------

10.00 Total obligations (object class
33.0)......................... 168 113 113
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 748 748 748
22.00 New budget authority (gross)...... 168 113 113
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 916 861 861
23.95 New obligations................... -168 -113 -113
24.40 Unobligated balance available, end
of year: Uninvested balance..... 748 748 748
----------------------------------------------------------------------------

[[Page 82]]

New budget authority (gross), detail:
40.00 Appropriation..................... 168 113 113
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 622 744 729
73.10 New obligations................... 168 113 113
73.20 Total outlays (gross)............. -47 -128 -131
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 744 729 711
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 3 4 4
86.93 Outlays from current balances..... 43 124 127
--------- --------- ----------

87.00 Total outlays (gross)........... 47 128 131
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 168 113 113
90.00 Outlays........................... 46 128 131
---------------------------------------------------------------------------

The Asian Development Bank fosters sustainable economic development,
poverty alleviation, and cooperation in the Asia/Pacific region. The
Bank lends at market-based rates through its ordinary capital window,
and on highly concessional terms to the region's poorer nations through
the Asian Development Fund (ADF). In 1995, the Bank lent $4.0 billion of
its ordinary capital resources and extended loans and grants of $1.5
billion from its ADF resources for development projects. Since its
founding in 1966, the ADB has loaned over $39.2 billion and the ADF has
loaned over $17.5 billion. The Bank has made cumulative equity
investments of $354 million.

The 1997 request includes: (1) budget authority of $13.2 million for
paid-in capital subscriptions and $647.9 million in program limitations
for callable capital subscriptions for the second of six installments on
the U.S. subscription to the ADB's fourth general capital increase; and
(2) $100 million in budget authority to partially clear outstanding
unmet commitments on the U.S. share of the $4.2 billion replenishment of
ADF resources.

contribution to the african development bank

For payment to the African Development Bank by the
Secretary of the Treasury for the United States share of the
paid-in portion of the increase in capital stock,
$16,000,000, to remain available until expended.

limitation on callable capital subscriptions

The United States Governor of the African
Development Bank may subscribe without fiscal year
limitation to the callable capital portion of the United
States share of such capital stock in an amount not to
exceed $112,000,000.

contribution to the african development fund

For the United States contribution by the Secretary
of the Treasury to the increase in resources of the African
Development Fund, as authorized by the Foreign Operations,
Export Financing and Related Programs 1995 Appropriations
and 1994 Supplemental Appropriations Act (Public Law 103-
306), $50,000,000, to remain available until expended.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0079-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid-in Capital................... 16
00.02 African development fund.......... 62 50
--------- --------- ----------

10.00 Total obligations (object class
33.0)......................... 62 66
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 62 66
23.95 New obligations................... -62 -66
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 62 66
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 448 492 438
73.10 New obligations................... 62 66
73.20 Total outlays (gross)............. -19 -54 -66
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 492 438 438
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 3
86.93 Outlays from current balances..... 19 54 63
--------- --------- ----------

87.00 Total outlays (gross)........... 19 54 66
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 62 66
90.00 Outlays........................... 19 54 66
---------------------------------------------------------------------------

The African Development Bank (AFDB) lends at market-based rates for
economic development of countries on the African continent. The United
States joined the AFDB in 1983 when membership was open to non-regional
countries. In 1995, the AFDB financed 11 new projects worth $683
million. Since its inception in 1963, the AFDB has financed 714 projects
worth over $19.4 billion.

The African Development Fund (AFDF), the concessional lending
affiliate of the African Development Bank, makes loans to the poorest
African nations. AFDF operations have been interrupted since the end of
1993 when resources from the last AFDF replenishment had been exhausted
and prior to conclusion of negotiations on a seventh replenishment of
the AFDF. By the end of 1993 and since its inception in 1974, cumulative
AFDF lending totaled $10.2 billion for development projects.

The 1997 request includes: (1) budget authority of $16 million for
paid-in capital subscriptions and $112 million in program limitations
for callable capital subscriptions on the U.S. share of the AFDB's fifth
general capital increase; and (2) $50 million in budget authority for
the first installment on the U.S. share of the seventh replenishment of
AFDF resources.

contribution to the european bank for reconstruction and development

For payment to the European Bank for Reconstruction and Development
by the Secretary of the Treasury, [$70,000,000] $11,916,447, for the
United States share of the paid-in share portion of the initial capital
subscription, to remain available until expended[: Provided, That of the
amount appropriated under this heading not more than $54,600,000 may be
expended for the purchase of such stock in fiscal year 1996].

limitation on callable capital subscriptions

The United States Governor of the European Bank for Reconstruction
and Development may subscribe without fiscal year limitation to the
callable capital portion of the United States share of such capital
stock in an amount not to exceed [$163,333,333] $27,805,043. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.)

[[Page 83]]

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0088-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 69 70 12
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 69 70 12
23.95 New obligations................... -69 -70 -12
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 69 70 12
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 10 62 35
73.10 New obligations................... 69 70 12
73.20 Total outlays (gross)............. -17 -97 -31
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 62 35 16
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 7 47 8
86.93 Outlays from current balances..... 10 51 23
--------- --------- ----------

87.00 Total outlays (gross)........... 17 97 31
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 69 70 12
90.00 Outlays........................... 17 97 31
---------------------------------------------------------------------------

The European Bank for Reconstruction and Development (EBRD) supports
market-oriented economic reform and democratic pluralism through
predominately private sector lending and investments in the nations of
Eastern Europe and the former Soviet Union. The United States and other
shareholders signed the articles of agreement of the EBRD on May 29,
1990, and the Bank officially began operating on April 15, 1991. The
capitalization of the EBRD is ECU 10 billion (approximately $12 billion
equivalent at then-prevailing exchange rates). Paid-in contributions
constitute 30 percent of total capital, with the remainder callable. At
the end of 1994, the EBRD had approved 223 loans and investments
totalling $5.6 billion.

The 1997 request consists of $11.9 million in budget authority for
paid-in capital subscriptions and $27.8 million in program limitations
for callable capital subscriptions to clear outstanding unmet
commitments on the $1.2 billion U.S. share of the initial
capitalization.

North American Development Bank

For payment to the North American Development Bank by the Secretary
of the Treasury, for the United States share of the paid-in portion of
the capital stock, $56,250,000, to remain available until expended.

limitation on callable capital subscriptions

The United States Governor of the North American Development Bank
may subscribe without fiscal year limitation to the callable capital
portion of the United States share of the capital stock of the North
American Development Bank in an amount not to exceed $318,750,000.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1008-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 56 56 56
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 56 56 56
23.95 New obligations................... -56 -56 -56
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 56 56
Permanent:

65.00 Advance appropriation (definite) 56
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 56 56 56
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 2
73.10 New obligations................... 56 56 56
73.20 Total outlays (gross)............. -54 -58 -56
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 56 56
86.97 Outlays from new permanent
authority....................... 54
86.98 Outlays from permanent balances... 2
--------- --------- ----------

87.00 Total outlays (gross)........... 54 58 56
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 56 56 56
90.00 Outlays........................... 54 58 56
---------------------------------------------------------------------------

The North American Development Bank (NADBank) provides $2-3 billion
in financing for high priority environmental infrastructure projects in
the border region and, more broadly within the United States for NAFTA-
related community adjustment and investment. NADBank operations provide
significant direct benefits to U.S. citizens, particularly those in the
border states. The NADBank's capital shares ($450 million in paid-in and
$2.55 billion in callable capital) will be contributed equally by the
United States and Mexico over a four-year period.

The NADBank will finance environmental infrastructure projects that
have been certified by the U.S.-Mexican Border Environment Cooperation
Commission (BECC), a new institution designed to assist border states
and local communities in coordinating border clean-up. Communities on
both sides of the border have long been plagued by problems such as raw
sewage dumped in boundary waters, unsafe drinking water, and inadequate
municipal waste disposal. Based on its paid-in and callable capital, the
NADBank will be able to provide partial guarantees of private sector
financing and borrow in capital markets to provide loans to help finance
the projects certified by the BECC.

In addition, 10 percent of the U.S. and Mexican shares of NADBank
will be available for NAFTA-related community adjustment and investment
in both countries, which need not be in the border region. The U.S.
community adjustment program will offer financing directly and through
existing federal credit programs, such as the Small Business
Administration. An Advisory Committee, which includes low income
community representatives and non-governmental organizations, helps
ensure broad public participation in the community adjustment window of
the NADBank.

The 1997 request consists of $56.25 million in budget authority for
paid-in capital subscription and $318.8 million in program limitations
for callable capital subscription with respect to the U.S. subscription
to NADBank initial capitalization.

Contribution to Bank for Economic Cooperation and Development in the
Middle East and North Africa

For payment to the Bank for Economic Cooperation and
Development in the Middle East and North Africa by the
Secretary of the Treasury, for the United States share of
the paid-in portion of the capital stock, $52,500,000, to
remain available until expended.

limitation on callable capital subscriptions

The United States Governor of the Bank for Economic
Cooperation and Development in the Middle East and North
Africa may subscribe

[[Page 84]]
without fiscal year limitation to the callable capital
portion of the United States share of the capital stock of
the Bank for Economic Cooperation and Development in the
Middle East and North Africa in an amount not to exceed
$157,500,000.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1028-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 52
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 52
23.95 New obligations................... -52
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 52
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 52
73.20 Total outlays (gross)............. -52
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 52
--------- --------- ----------

87.00 Total outlays (gross)........... 52
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 52
90.00 Outlays........................... 52
---------------------------------------------------------------------------

The Bank for Economic Cooperation and Development in the Middle East
and North Africa (MEDB) is a key element of the Middle East peace
process. As the first major regional institution including Israel and
her neighbors, the MEDB will lend at market-based rates to foster
regional integration and private sector-led growth in the Middle East
and North Africa.

The MEDB has a three-fold mandate to: (1) support the private
sector; (2) assist with the privatization of state-owned enterprises;
and (3) support regional integration in particular through
infrastructure projects. The Bank is chartered to work as a ``merchant
bank,'' coordinating closely with private sources of finance and
catalyzing additional investment into the region.

Contribution to Enterprise for the Americas Multilateral Investment Fund

For payment to the Enterprise for the Americas Multilateral
Investment Fund by the Secretary of the Treasury, for the United States
contribution to the Fund to be administered by the Inter-American
Development Bank, [$53,750,000] $27,500,000; to remain available until
expended. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0089-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 75 54 28
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 75 54 28
23.95 New obligations................... -75 -54 -28
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 75 54 28
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 163 217 227
73.10 New obligations................... 75 54 28
73.20 Total outlays (gross)............. -21 -43 -63
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 217 227 192
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 4 3 1
86.93 Outlays from current balances..... 17 40 61
--------- --------- ----------

87.00 Total outlays (gross)........... 21 43 63
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 75 54 28
90.00 Outlays........................... 21 43 63
---------------------------------------------------------------------------

The Multilateral Investment Fund (MIF) is a component of the
Enterprise for the Americas Initiative, a program to unlock the
potential for domestic and foreign investment and encourage market-based
capital flows. The MIF, administered by the Inter-American Development
Bank, is a multilateral fund which provides grants and loans to support
investment sector reforms. Special consideration is given to reforms
that encourage private foreign direct investment and promote
privatization. Grants and loans are used for technical assistance to
identify and resolve investment constraints, for investment in human
capital, and for business infrastructure and development.

The 1997 request for the MIF is $27.5 million for partial payment of
the fifth and final installment on the U.S. share of MIF resources.

International Organizations and Programs

For necessary expenses to carry out the provisions of section 301 of
the Foreign Assistance Act of 1961, and of section 2 of the United
Nations Environment Program Participation Act of 1973, [$285,000,000]
$325,000,000: Provided, That [none of the funds appropriated under this
heading shall be made available for the United Nations Fund for Science
and Technology: Provided further, That funds appropriated under this
heading may be made available for the International Atomic Energy Agency
only if the Secretary of State determines (and so reports to the
Congress) that Israel is not being denied its right to participate in
the activities of that Agency: Provided further, That none of the funds
appropriated under this heading that are made available to the United
Nations Population Fund (UNFPA) shall be made available for activities
in the People's Republic of China: Provided further, That not more than
$30,000,000 of the funds appropriated under this heading may be made
available to the UNFPA: Provided further, That not more than one-half of
this amount may be provided to UNFPA before March 1, 1996, and that no
later than February 15, 1996, the Secretary of State shall submit a
report to the Committees on Appropriations indicating the amount UNFPA
is budgeting for the People's Republic of China in 1996: Provided
further, That any amount UNFPA plans to spend in the People's Republic
of China in 1996 above $7,000,000, shall be deducted from the amount of
funds provided to UNFPA after March 1, 1996 pursuant to the previous
provisos: Provided further, That with respect to any funds appropriated
under this heading that are made available to UNFPA, UNFPA shall be
required to maintain such funds in a separate account and not commingle
them with any other funds: Provided further, That] notwithstanding any
other provision of law, funds may be made available to the Korean
Peninsula Energy Development Organization (KEDO) [for administrative
expenses and heavy fuel oil costs associated with the Agreed Framework:
Provided further, That no funds may be provided for KEDO for funding for
administrative expenses and heavy fuel oil costs beyond the total amount
included for KEDO in the fiscal year 1996 congressional presentation:
Provided further, That no funds may be made available under this Act to
KEDO unless the President determines and certifies in writing to the
Committees on Appropriations that (a) in accordance with section 1 of
the Agreed Framework, KEDO has designated a Republic of Korea company,
corporation or entity for the purpose of negotiating a prime contract to
carry out construction of the light water reactors provided for in the
Agreed Framework;

[[Page 85]]
and (b) the Democratic People's Republic of Korea is maintaining the
freeze on its nuclear facilities as required in the Agreed Framework;
and (c) the United States is taking steps to assure that progress is
made on (1) the North-South dialogue, including efforts to reduce
barriers to trade and investment, such as removing restrictions on
travel, telecommunications services and financial transactions; and (2)
implementation of the January 1, 1992, Joint Declaration on the
Denuclearization of the Korean Peninsula: Provided further, That a
report on the specific efforts with regard to subsections (a), (b) and
(c) of the preceding proviso shall be submitted by the President to the
Committees on Appropriations six months after the date of enactment of
this Act, and every six months thereafter]. (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 359 285 325
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 359 285 325
23.95 New obligations................... -359 -285 -325
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 374 285 325
40.75 Reduction pursuant to P.L. 104-50. -15
--------- --------- ----------

43.00 Appropriation (total)........... 359 285 325
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 359 285 325
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 246 107 84
73.10 New obligations................... 359 285 325
73.20 Total outlays (gross)............. -496 -308 -313
73.40 Adjustments in expired accounts... -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 107 84 96
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 326 214 244
86.93 Outlays from current balances..... 170 94 71
--------- --------- ----------

87.00 Total outlays (gross)........... 496 308 313
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 359 285 325
90.00 Outlays........................... 496 308 313
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1005-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 38 36 34
1251 Repayments: Repayments and
prepayments..................... -2 -2 -2
--------- --------- ----------

1290 Outstanding, end of year........ 36 34 32
---------------------------------------------------------------------------

In addition to its assessed payments, the United States contributes
to voluntary funds of over 25 international organizations and programs
involved in a wide range of sustainable development, humanitarian, and
scientific activities. Any funds made available for UNFPA will not be
used for activities in the People's Republic of China and will be
maintained in a separate account and not commingled with any other
funds.

Credit accounts:

Debt Restructuring

For the cost, as defined in section 502 of the Congressional Budget
Act of 1974, of modifying direct loans and loan guarantees, as the
President may determine, for which funds have been appropriated or
otherwise made available for programs within the International Affairs
Budget Function 150, including the cost of selling, reducing, or
canceling amounts, through debt buybacks and swaps, owed to the United
States as a result of concessional loans made to eligible Latin American
and Caribbean countries, pursuant to part IV of the Foreign Assistance
Act of 1961[, $10,000,000]; of modifying direct loans extended to least
developed countries, as authorized under Title I of the Agricultural
Trade Development and Assistance Act of 1954, as amended; and of
modifying concessional loans authorized under Title I of the
Agricultural Trade Development and Assistance Act of 1954, as amended,
as authorized under subsection (a) under the heading, ``Debt Reduction
for Jordan'' in Title VI of Public Law 103-306, $47,000,000, to remain
available until expended. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0091-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
01.01 Debt Restructuring Subsidy: ``Debt
Reduction For the Poorest''
Program......................... 15 22
01.02 Jordan Debt Forgiveness........... 275 25
01.03 Debt Restructuring Subsidy: Bosnia
and Herzegovina................. 3
01.05 Reestimate of EAI Program Subsidy. 26
01.06 Interest on EAI Reestimate........ 2
--------- --------- ----------

10.00 Total obligations (object class
41.0)......................... 275 46 47
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 11 15 11
22.00 New budget authority (gross)...... 280 41 47
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 291 56 58
23.95 New obligations................... -275 -46 -47
24.90 Unobligated balance available, end
of year: Fund balance........... 15 11 11
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 280 10 47
42.00 Transferred from other accounts. 3
--------- --------- ----------

43.00 Appropriation (total)......... 280 13 47
Permanent:

60.05 Appropriation (indefinite)...... 28
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 280 41 47
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 275 46 47
73.20 Total outlays (gross)............. -275 -46 -47
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 275 13 47
86.93 Outlays from current balances..... 5
86.97 Outlays from new permanent
authority....................... 28
--------- --------- ----------

87.00 Total outlays (gross)........... 275 46 47
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 280 41 47
90.00 Outlays........................... 275 46 47
---------------------------------------------------------------------------

For the poorest and most heavily indebted countries, debt reduction
will be undertaken in concert with the Paris Club of creditor nations to
implement commitments made by G-7 heads of state at recent Economic
Summits. The Administration anticipates that $22 million in
appropriations will permit debt reduction under Naples Terms for
qualifying countries. As part of the $22 million, the Administration
will be seeking appropriations of $1.8 million, as well as the necessary
authorization, to modify credits extended or guaranteed by the Commodity
Credit Corporation for Honduras.

For Jordan, $25 million would be needed for the third stage of debt
forgiveness proposed as a result of the historic peace agreement signed
between the Hashemite Kingdom of Jordan and the Government of Israel in
1994. This request would further the commitment made by the United
States to Jordan

[[Page 86]]
in support of these peace efforts. The face value to be forgiven stands
at about $63 million.

For Latin America and the Caribbean, the Administration proposes
that debt reduction be effected at zero budget cost through buybacks and
swaps of eligible debt, linked to commitment of local currency payments
to support environment or child survival projects. The Administration
will be seeking new authority for no-cost buybacks and swaps of P.L. 480
debt, and the approval of the appropriators for this program.

For debt reduction for the poorest countries, resulting cash flows
have been recorded in the debt reduction financing accounts for the
Export-Import Bank, the foreign military loans, and for the Agency for
International Development. Appropriate adjustments have been made to
these agencies' liquidating accounts. For Jordan debt forgiveness,
appropriate adjustments have been recorded in P.L. 480 financing and
liquidating accounts.

Agency for International Development

Federal Funds

General and special funds:

sustainable development accounts

For expenses necessary [to enable the President] to carry out [the
provisions] sections 103-106 of the Foreign Assistance Act of 1961, [and
for other purposes,] $1,006,000,000, to remain available until
[September 30, 1996, unless otherwise specified herein, as follows]
expended:

[Child Survival and Disease Programs]

[Of the funds appropriated in title II of this Act, and under the
heading ``International Organizations and Programs'' in title IV of this
Act, not less than $484,000,000 shall be made available for programs for
child survival, assistance to combat tropical and other diseases, and
related activities: Provided, That this amount shall be made available
for such activities as (1) immunization programs, (2) oral rehydration
programs, (3) health and nutrition programs, and related education
programs, which address the needs of mothers and children, (4) water and
sanitation programs, (5) assistance for displaced and orphaned children,
(6) programs for the prevention, treatment, and control of, and research
on, tuberculosis, HIV/AIDS, polio, malaria and other diseases, and (7) a
contribution on a grant basis to the United Nations Children's Fund
(UNICEF).]

[development assistance]

[(including transfer of funds)]

[For necessary expenses to carry out the provisions of sections 103
through 106 and chapter 10 of part I of the Foreign Assistance Act of
1961, title V of the International Security and Development Cooperation
Act of 1980 (Public Law 96-533) and the provisions of section 401 of the
Foreign Assistance Act of 1969, $1,675,000,000, to remain available
until September 30, 1997: Provided, That of the amount appropriated
under this heading, up to $20,000,000 may be made available for the
Inter-American Foundation and shall be apportioned directly to that
agency: Provided further, That of the amount appropriated under this
heading, up to $11,500,000 may be made available for the African
Development Foundation and shall be apportioned directly to that agency:
Provided further, That of the funds appropriated under title II of this
Act that are administered by the Agency for International Development
and made available for family planning assistance, not less than 65
percent shall be made available directly to the agency's central Office
of Population and shall be programmed by that office for family planning
activities: Provided further, That the President shall seek to ensure
that funds made available under this heading for sub-Saharan Africa are
in substantially the same proportion to the total amount appropriated
and made available by this Act for development assistance as the
proportion of funds made available for development assistance for sub-
Saharan Africa was to the total amount appropriated for development
assistance in Public Law 103-306: Provided further, That up to
$25,000,000 of the funds appropriated under this heading may be made
available for necessary expenses to carry out the provisions of section
667 of the Foreign Assistance Act: Provided further, That the President
shall seek to ensure that the percentage of funds made available under
this heading for the activities of private and voluntary organizations
and cooperatives is at least equal to the percentage of funds made
available pursuant to corresponding authorities in law for the
activities of private and voluntary organizations and cooperatives in
fiscal year 1995:] Provided [further], That none of the funds made
available in this Act nor any unobligated balances from prior
appropriations may be made available to any organization or program
which, as determined by the President of the United States, supports or
participates in the management of a program of coercive abortion or
involuntary sterilization: Provided further, That none of the funds made
available under this heading may be used to pay for the performance of
abortion as a method of family planning or to motivate or coerce any
person to practice abortions; and that in order to reduce reliance on
abortion in developing nations, funds shall be available only to
voluntary family planning projects which offer, either directly or
through referral to, or information about access to, a broad range of
family planning methods and services: Provided further, That in awarding
grants for natural family planning under section 104 of the Foreign
Assistance Act of 1961 no applicant shall be discriminated against
because of such applicant's religious or conscientious commitment to
offer only natural family planning; and, additionally, all such
applicants shall comply with the requirements of the previous proviso:
Provided further, That for purposes of this or any other Act authorizing
or appropriating funds for foreign operations, export financing, and
related programs, the term ``motivate'', as it relates to family
planning assistance, shall not be construed to prohibit the provision,
consistent with local law, of information or counseling about all
pregnancy options: Provided further, That nothing in this paragraph
shall be construed to alter any existing statutory prohibitions against
abortion under section 104 of the Foreign Assistance Act of 1961[:
Provided further, That, notwithstanding section 109 of the Foreign
Assistance Act of 1961, of the funds appropriated under this heading not
to exceed a total of $30,000,000 may be transferred to ``International
Organizations and Programs'' for a contribution to the International
Fund for Agricultural Development (IFAD), and that any such transfer of
funds shall be subject to the regular notification procedures of the
Committees on Appropriations: Provided further, That not less than
$650,000 of the funds made available under this heading should be made
available for support of the United States Telecommunications Training
Institute].

[cyprus]

[Of the funds appropriated under the headings ``Development
Assistance'' and ``Economic Support Fund'', not less than $15,000,000
shall be made available for Cyprus to be used only for scholarships,
administrative support of the scholarship program, bicommunal projects,
and measures aimed at reunification of the island and designed to reduce
tensions and promote peace and cooperation between the two communities
on Cyprus.]

[burma]

[Of the funds appropriated by this Act to carry out the provisions
of chapter 8 of part I and chapter 4 of part II of the Foreign
Assistance Act of 1961, not less than $2,380,000 shall be made available
to support activities in Burma, along the Burma-Thailand border, and for
activities of Burmese student groups and other organizations located
outside Burma, for the purposes of fostering democracy in Burma,
supporting the provision of medical supplies and other humanitarian
assistance to Burmese located in Burma or displaced Burmese along the
borders, and for other purposes: Provided, That of this amount, not less
than $200,000 shall be made available to support newspapers,
publications, and other media activities promoting democracy inside
Burma: Provided further, That of this amount, not less than $380,000
shall be made available for crop substitution activities in cooperation
with the Kachin people of Burma: Provided further, That funds made
available under this heading may be made available notwithstanding any
other provision of law: Provided further, That provision of such funds
shall be made available subject to the regular notification procedures
of the Committees on Appropriations.]

[private and voluntary organizations]

[None of the funds appropriated or otherwise made available by this
Act for development assistance may be made available to any

[[Page 87]]
United States private and voluntary organization, except any cooperative
development organization, which obtains less than 20 per centum of its
total annual funding for international activities from sources other
than the United States Government: Provided, That the requirements of
the provisions of section 123(g) of the Foreign Assistance Act of 1961
and the provisions on private and voluntary organizations in title II of
the ``Foreign Assistance and Related Programs Appropriations Act, 1985''
(as enacted in Public Law 98-473) shall be superseded by the provisions
of this section, except that the authority contained in the last
sentence of section 123(g) may be exercised by the Administrator with
regard to the requirements of this paragraph.]
[Funds appropriated or otherwise made available under title II of
this Act should be made available to private and voluntary organizations
at a level which is equivalent to the level provided in fiscal year
1995. Such private and voluntary organizations shall include those which
operate on a not-for-profit basis, receive contributions from private
sources, receive voluntary support from the public and are deemed to be
among the most cost-effective and successful providers of development
assistance.] (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

[International Fund for Ireland]

[For necessary expenses to carry out the provisions of part I of the
Foreign Assistance Act of 1961, up to $19,600,000, which shall be
available for the United States contribution to the International Fund
for Ireland and shall be made available in accordance with the
provisions of the Anglo-Irish Agreement Support Act of 1986 (Public Law
99-415): Provided, That such amount shall be expended at the minimum
rate necessary to make timely payment for projects and activities:
Provided further, That funds made available under this heading shall
remain available until September 30, 1997.] (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1021-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Functional development assistance. 1,311 1,754 1,006
--------- --------- ----------

10.00 Total obligations............... 1,311 1,754 1,006
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 155 110
22.00 New budget authority (gross)...... 1,228 1,644 1,006
22.10 Resources available from
recoveries of prior year
obligations..................... 38
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 1,421 1,754 1,006
23.95 New obligations................... -1,311 -1,754 -1,006
24.40 Unobligated balance available, end
of year: Uninvested balance..... 110
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 1,303 1,644 1,006
40.35 Appropriation rescinded......... -77
--------- --------- ----------

43.00 Appropriation (total)......... 1,226 1,644 1,006
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 2
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 1,228 1,644 1,006
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,697 1,510 2,071
73.10 New obligations................... 1,311 1,754 1,006
73.20 Total outlays (gross)............. -1,456 -1,193 -1,274
73.30 Obligated balance transferred, net -3
73.40 Adjustments in expired accounts... -1
73.45 Adjustments in unexpired accounts. -38
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,510 2,071 1,803
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 100 116 86
86.93 Outlays from current balances..... 1,356 1,077 1,188
--------- --------- ----------

87.00 Total outlays (gross)........... 1,456 1,193 1,274
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 1,226 1,644 1,006
90.00 Outlays........................... 1,454 1,193 1,274
---------------------------------------------------------------------------

Sustainable Development Assistance Program.--This program provides
economic resources to developing countries with the aim of bringing the
benefits of development to the poor. The program promotes broad-based,
self-sustaining economic growth, supports initiatives intended to:
stabilize population growth, protect the environment and foster
increased democratic participation in developing countries. The program
is concentrated in those areas in which the United States has special
expertise and which promise the greatest opportunity for the poor to
better their lives.

Object Classification (in millions of dollars)

Direct obligations:

22.0 Transportation of things........ 3 4 3
23.1 Rental payments to GSA.......... 5
23.2 Rental payments to others....... 4
25.1 Advisory and assistance services 72 85 57
25.2 Other services.................. 213 246 166
25.3 Purchases of goods and services
from Government accounts...... 16
26.0 Supplies and materials.......... 7 10 5
41.0 Grants, subsidies, and
contributions................. 1,013 1,384 775
--------- --------- ----------

99.0 Subtotal, direct obligations.. 1,308 1,754 1,006
41.0 Allocation Account--Direct
Obligations: Grants, subsidies,
and contributions............... 3
--------- --------- ----------

99.9 Total obligations............... 1,311 1,754 1,006
---------------------------------------------------------------------------

Assistance for Eastern Europe and the Baltic States

(a) For necessary expenses to carry out the provisions of the
Foreign Assistance Act of 1961 and the Support for East European
Democracy (SEED) Act of 1989, [$324,000,000] $475,000,000, to remain
available until [September 30, 1997] expended, which shall be available,
notwithstanding any other provision of law, for economic assistance and
for related programs for Eastern Europe and the Baltic States.
(b) Funds appropriated under this heading or in prior appropriations
Acts that are or have been made available for an Enterprise Fund may be
deposited by such Fund in interest-bearing accounts prior to the Fund's
disbursement of such funds for program purposes. The Fund may retain for
such program purposes any interest earned on such deposits without
returning such interest to the Treasury of the United States and without
further appropriation by the Congress. Funds made available for
Enterprise Funds shall be expended at the minimum rate necessary to make
timely payment for projects and activities.
(c) Funds appropriated under this heading shall be considered to be
economic assistance under the Foreign Assistance Act of 1961 for
purposes of making available the administrative authorities contained in
that Act for the use of economic assistance. (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1010-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 404 384 475
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 113 63

[[Page 88]]

22.00 New budget authority (gross)...... 349 321 475
22.10 Resources available from
recoveries of prior year
obligations..................... 5
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 467 384 475
23.95 New obligations................... -404 -384 -475
24.40 Unobligated balance available, end
of year: Uninvested balance..... 63
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 359 324 475
41.00 Transferred to other accounts..... -10 -3
--------- --------- ----------

43.00 Appropriation (total)........... 349 321 475
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 349 321 475
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 812 879 868
73.10 New obligations................... 404 384 475
73.20 Total outlays (gross)............. -332 -395 -379
73.45 Adjustments in unexpired accounts. -5
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 879 868 964
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 13 16 24
86.93 Outlays from current balances..... 319 379 355
--------- --------- ----------

87.00 Total outlays (gross)........... 332 395 379
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 349 321 475
90.00 Outlays........................... 332 395 379
---------------------------------------------------------------------------

Summary of Budget Authority and Outlays

[In millions of dollars]

1995 actual 1996 est. 1997 est.
Enacted/requested:
Budget Authority.................. 349 321 475
Outlays........................... 332 395 379
Supplemental proposal:
Budget Authority.................. 200
Outlays........................... 74 126
------------------------------------
Total:
Budget Authority.................. 349 521 475
Outlays........................... 332 469 505
====================================

This account provides funds to support democracy and economic
restructuring in Central and Eastern European countries, including the
new Baltic republics, consistent with the objectives of the Support for
East European Democracy (SEED) Act. All SEED programs support one or
more of the following strategic objectives: promoting broad-based
economic growth (with an emphasis on privatization, legal and regulatory
reform and support for the emerging private sector); encouraging
democratic reforms; and improving the quality of life (including
protecting the environment and providing humanitarian assistance).

Object Classification (in millions of dollars)

Direct obligations:

11.8 Personnel compensation: Special
personal services payments.... 2 2 2
21.0 Travel and transportation of
persons....................... 1 1 1
25.1 Advisory and assistance services 42 40 50
25.2 Other services.................. 127 125 151
41.0 Grants, subsidies, and
contributions................. 222 216 271
--------- --------- ----------

99.0 Subtotal, direct obligations.. 394 384 475
41.0 Allocation Account--Direct
Obligations: Grants, subsidies,
and contributions............... 10
--------- --------- ----------

99.9 Total obligations............... 404 384 475
---------------------------------------------------------------------------

Assistance for the New Independent States of the Former Soviet Union

(a) For necessary expenses to carry out the provisions of chapter 11
of part I of the Foreign Assistance Act of 1961 and the FREEDOM Support
Act, for assistance for the new independent states of the former Soviet
Union and for related programs, [$641,000,000] $640,000,000, to remain
available until [September 30, 1997] expended: Provided, That the
provisions of section 498B(j) of the Foreign Assistance Act of 1961
shall apply to funds appropriated by this paragraph.
[(b) None of the funds appropriated under this heading shall be
transferred to the Government of Russia--]
[(1) unless that Government is making progress in implementing
comprehensive economic reforms based on market principles, private
ownership, negotiating repayment of commercial debt, respect for
commercial contracts, and equitable treatment of foreign private
investment; and]
[(2) if that Government applies or transfers United States
assistance to any entity for the purpose of expropriating or seizing
ownership or control of assets, investments, or ventures.]
[(c) Funds may be furnished without regard to subsection (b) if the
President determines that to do so is in the national interest.]
[(d) None of the funds appropriated under this heading shall be made
available to any government of the new independent states of the former
Soviet Union if that government directs any action in violation of the
territorial integrity or national sovereignty of any other new
independent state, such as those violations included in the Helsinki
Final Act: Provided, That such funds may be made available without
regard to the restriction in this subsection if the President determines
that to do so is in the national security interest of the United States:
Provided further, That the restriction of this subsection shall not
apply to the use of such funds for the provision of assistance for
purposes of humanitarian, disaster and refugee relief.]
[(e) None of the funds appropriated under this heading for the new
independent states of the former Soviet Union shall be made available
for any state to enhance its military capability: Provided, That this
restriction does not apply to demilitarization or nonproliferation
programs.]
[(f) Funds appropriated under this heading shall be subject to the
regular notification procedures of the Committees on Appropriations.]
[(g) Funds made available in this Act for assistance to the new
independent states of the former Soviet Union shall be subject to the
provisions of section 117 (relating to environment and natural
resources) of the Foreign Assistance Act of 1961.]
[(h) Funds appropriated under this heading may be made available for
assistance for Mongolia.]
[(i) Funds made available in this Act for assistance to the new
independent states of the former Soviet Union shall be provided to the
maximum extent feasible through the private sector, including small- and
medium-size businesses, entrepreneurs, and others with indigenous
private enterprises in the region, intermediary development
organizations committed to private enterprise, and private voluntary
organizations: Provided, That grantees and contractors should, to the
maximum extent possible, place in key staff positions specialists with
prior on the ground expertise in the region of activity and fluency in
one of the local languages.]
[(j) In issuing new task orders, entering into contracts, or making
grants, with funds appropriated under this heading or in prior
appropriations Acts, for projects or activities that have as one of
their primary purposes the fostering of private sector development, the
Coordinator for United States Assistance to the New Independent States
and the implementing agency shall encourage the participation of and
give significant weight to contractors and grantees who propose
investing a significant amount of their own resources (including
volunteer services and in-kind contributions) in such projects and
activities.]
[(k) Of the funds made available under this heading, not less than
$225,000,000 shall be made available for Ukraine, with the

[[Page 89]]
understanding that Ukraine will undertake significant economic reforms
which are additional to those which were undertaken in previous fiscal
years, and of which not less than $50,000,000 (from this or any other
Act) shall be made available to improve energy self-sufficiency and
improve safety at nuclear reactors, and of which $2,000,000 should be
made available to conduct or implement an assessment of the energy
distribution grid that provides recommendations leading to increased
access to power by industrial, commercial and residential users, and of
which not less than $22,000,000 shall be made available to support the
development of small and medium enterprises, including independent
broadcast and print media.]
[(l) Of the funds made available under this heading, $5,000,000
should be made available for a project to screen, diagnose, and treat
victims of breast cancer associated with the 1985 incident at the
Chernobyl reactor in Ukraine.]
[(m) Of the funds made available by this Act, not less than
$85,000,000 shall be made available for Armenia.]
[(n) Of the funds made available by this or any other Act,
$30,000,000 should be made available for Georgia.]
[(o)(1) Effective ninety days after the date of enactment of this
Act, none of the funds appropriated under this heading may be made
available for Russia unless the President determines and certifies in
writing to the Committees on Appropriations that the Government of
Russia has terminated implementation of arrangements to provide Iran
with technical expertise, training, technology, or equipment necessary
to develop a nuclear reactor or related nuclear research facilities or
programs.]
[(2) Subparagraph (1) shall not apply if the President determines
that making such funds available is important to the national security
interest of the United States. Any such determination shall cease to be
effective six months after being made unless the President determines
that its continuation is important to the national security interest of
the United States.]
[(p) Of the funds appropriated under this heading, $20,000,000
should be provided for hospital partnership programs, medical assistance
to directly reduce the incidence of infectious diseases such as
diphtheria or tuberculosis, and a program to reduce the adverse impact
of contaminated drinking water.]
[(q) Of the funds appropriated under this heading and under the
heading ``Assistance for Eastern Europe and the Baltic States'', not
less than $12,600,000 shall be made available for law enforcement
training and exchanges, and investigative and technical assistance
activities related to international criminal activities.]
[(r) Support should be provided from funds appropriated under this
heading for a ballot security project to promote public review by
Russian citizens over the conduct of parliamentary and presidential
elections in Russia: Provided, That the Secretary of State may waive
this provision with regard to any election upon notification to the
Committees on Appropriations that the Government of Russia has blocked
implementation of a ballot security project.]
[(s) Of the funds appropriated under this heading, not less than
$50,000,000 should be provided to the Western NIS and Central Asian
Enterprise Funds: Provided, That obligation of these funds shall be
consistent with sound business practices.]
[(t) The President shall establish a Trans-Caucasus Enterprise Fund
to encourage regional peace through economic cooperation: Provided, That
the President shall seek other bilateral and multilateral investors in
the Fund: Provided further, That of the funds made available under this
heading, not less than $15,000,000 shall be made available for a United
States investment in the Trans-Caucasus Enterprise Fund.]
[(u)] (b) Funds appropriated under this heading or in prior
appropriations Acts that are or have been made available for an
Enterprise Fund may be deposited by such Fund in interest-bearing
accounts prior to the disbursement of such funds by the Fund for program
purposes. The Fund may retain for such program proposes any interest
earned on such deposits without returning such interest to the Treasury
of the United States and without further appropriation by the Congress.
Funds made available for Enterprise Funds shall be expended at the
minimum rate necessary to make timely payment for projects and
activities.
[(v) Section 5421(d)(3)(B) of title 22, United States Code, is
amended by adding at the end thereof the following: ``: Provided, That,
as to Enterprise Funds established with respect to more than one host
country, such Enterprise Fund may, in lieu of the appointment of
citizens of the host countries to its Board of Directors, establish an
advisory council for the host region comprised of citizens of each of
the host countries or establish separate advisory councils for each of
the host countries (hereinafter in this section referred to as the
`Advisory Councils'), with which the Enterprise Fund's policies and
proposed activities and such host country citizens shall satisfy the
experience and expertise requirements of this clause.''.]
[(w)] (c) Notwithstanding any other provision of law, assistance may
be provided for the Government of Azerbaijan for humanitarian purposes,
if the President determines that humanitarian assistance provided in
Azerbaijan through nongovernmental organizations is not adequately
addressing the suffering of refugees and internally displaced persons.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1093-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 731 820 600
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 308 232
22.00 New budget authority (gross)...... 612 588 600
22.10 Resources available from
recoveries of prior year
obligations..................... 43
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 963 820 600
23.95 New obligations................... -731 -820 -600
24.40 Unobligated balance available, end
of year: Uninvested balance..... 232
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 850 641 640
40.35 Appropriation rescinded......... -32
41.00 Transferred to other accounts... -213 -53 -40
--------- --------- ----------

43.00 Appropriation (total)......... 605 588 600
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 7
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 612 588 600
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,538 1,390 1,463
73.10 New obligations................... 731 820 600
73.20 Total outlays (gross)............. -837 -747 -721
73.45 Adjustments in unexpired accounts. -43
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,390 1,463 1,342
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 95 50 51
86.93 Outlays from current balances..... 735 697 670
86.97 Outlays from new permanent
authority....................... 7
--------- --------- ----------

87.00 Total outlays (gross)........... 837 747 721
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -7
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 605 588 600
90.00 Outlays........................... 830 747 721
---------------------------------------------------------------------------

This account provides funds for a program of assistance to the
independent states that emerged from the former Soviet Union. These
funds support U.S. foreign policy goals of consolidating improved U.S.
security; building a lasting partnership with the New Independent
States; and providing access to each other's markets, resources, and
expertise.

Object Classification (in millions of dollars)

Direct obligations:

11.8 Personnel compensation: Special
personal services payments.... 4 4 4

[[Page 90]]

21.0 Travel and transportation of
persons....................... 1 1 1
25.1 Advisory and assistance services 82 94 55
25.2 Other services.................. 234 270 240
26.0 Supplies and materials.......... 2 2
31.0 Equipment....................... 1 1
41.0 Grants, subsidies, and
contributions................. 375 448 300
--------- --------- ----------

99.0 Subtotal, direct obligations.. 699 820 600
41.0 Allocation Account--Direct
Obligations: Grants, subsidies,
and contributions............... 32
--------- --------- ----------

99.9 Total obligations............... 731 820 600
---------------------------------------------------------------------------

Development Fund for Africa

For necessary expenses to carry out the provisions
of chapter 10 of part I of the Foreign Assistance Act of
1961, $704,000,000, to remain available until expended:
Provided, That notwithstanding section 496(n)(2) of the
Foreign Assistance Act of 1961, the transfer authority in
section 109 of the Foreign Assistance Act may be used to
transfer funds made available by this Act between the
``Development Fund for Africa'' and ``Sustainable
Development Assistance'' accounts.

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Development Grants................ 828 141 704
--------- --------- ----------

10.00 Total obligations............... 828 141 704
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 85 141
22.00 New budget authority (gross)...... 781 704
22.10 Resources available from
recoveries of prior year
obligations..................... 103
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 969 141 704
23.95 New obligations................... -828 -141 -704
24.40 Unobligated balance available, end
of year: Uninvested balance..... 141
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 802 704
40.35 Appropriation rescinded........... -21
--------- --------- ----------

43.00 Appropriation (total)........... 781 704
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 781 704
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,921 1,892 1,369
73.10 New obligations................... 828 141 704
73.20 Total outlays (gross)............. -754 -664 -507
73.45 Adjustments in unexpired accounts. -103
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,892 1,369 1,566
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 20 35
86.93 Outlays from current balances..... 734 664 472
--------- --------- ----------

87.00 Total outlays (gross)........... 754 664 507
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 781 704
90.00 Outlays........................... 754 664 507
---------------------------------------------------------------------------

The Development Fund for Africa account provides development
assistance to sub-Saharan African countries. This account is designed to
enhance the Agency for International Development's (USAID's)
effectiveness in meeting Africa's development requirements. These
resources finance both project and non-project assistance to address
shared development program and policy objectives in reform-oriented
African countries. These funds also support initiatives intended to
promote economic growth, stabilize population growth, protect the
environment and foster increased democratic participation.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1014-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
25.1 Advisory and assistance services.. 22 4 19
25.2 Other services.................... 67 11 57
26.0 Supplies and materials............ 4 1 3
41.0 Grants, subsidies, and
contributions................... 735 125 625
--------- --------- ----------

99.9 Total obligations............... 828 141 704
---------------------------------------------------------------------------

Sahel Development Program

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1012-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Development Grants................ 1 1
--------- --------- ----------

10.00 Total obligations (object class
41.0)......................... 1 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 2 1
22.00 New budget authority (gross)......
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 2 1
23.95 New obligations................... -1 -1
24.40 Unobligated balance available, end
of year: Uninvested balance..... 1
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 16 12 8
73.10 New obligations................... 1 1
73.20 Total outlays (gross)............. -4 -5 -4
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 12 8 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 4 5 4
--------- --------- ----------

87.00 Total outlays (gross)........... 4 5 4
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 4 5 4
---------------------------------------------------------------------------

The Sahel Development account provided assistance to African
countries.

American Schools and Hospitals Abroad

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1013-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 32 19 10
73.10 New obligations...................
73.20 Total outlays (gross)............. -12 -9 -4
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 19 10 6
----------------------------------------------------------------------------

[[Page 91]]

Outlays (gross), detail:
86.93 Outlays from current balances..... 12 9 4
--------- --------- ----------

87.00 Total outlays (gross)........... 12 9 4
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 12 9 4
---------------------------------------------------------------------------

Funding for American Schools and Hospitals Abroad as a separate
account ceased in 1994. Financing of key institutions that meet
important foreign policy and developmental criteria will be done within
the regular economic and development assistance accounts.

Sub-Saharan Africa Disaster Assistance

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1040-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)......
----------------------------------------------------------------------------

New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 24 14 8
73.10 New obligations...................
73.20 Total outlays (gross)............. -10 -6 -6
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 14 8 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 10 6 6
--------- --------- ----------

87.00 Total outlays (gross)........... 10 6 6
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 10 6 6
---------------------------------------------------------------------------

In 1993 this account provided funding for timely relief,
rehabilitation and reconstruction for disasters in Africa. Since 1994
these activities have been funded under the International Disaster
Assistance Program.

International Disaster Assistance

For necessary expenses for international disaster relief,
rehabilitation, and reconstruction assistance pursuant to section 491 of
the Foreign Assistance Act of 1961, as amended, [$181,000,000]
$190,000,000, to remain available until expended.

[humanitarian assistance to the former yugoslavia]

[Of the funds appropriated in title II of this Act, $40,000,000
should be available only for emergency humanitarian assistance to the
former Yugoslavia, of which amount not less than $6,000,000 shall be
available only for humanitarian assistance to Kosova.] (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.).

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct Program.................... 205 204 190
--------- --------- ----------

10.00 Total obligations............... 205 204 190
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 32 23
22.00 New budget authority (gross)...... 191 181 190
22.10 Resources available from
recoveries of prior year
obligations..................... 6
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 229 204 190
23.95 New obligations................... -205 -204 -190
24.40 Unobligated balance available, end
of year: Uninvested balance..... 23
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 170 181 190
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 21
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 191 181 190
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 135 213 289
73.10 New obligations................... 205 204 190
73.20 Total outlays (gross)............. -121 -129 -162
73.45 Adjustments in unexpired accounts. -6
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 213 289 317
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 23 45 48
86.93 Outlays from current balances..... 98 84 114
--------- --------- ----------

87.00 Total outlays (gross)........... 121 129 162
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -21
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 170 181 190
90.00 Outlays........................... 101 129 162
---------------------------------------------------------------------------

Funds for the International Disaster Assistance Program provide
relief, rehabilitation, and reconstruction assistance to foreign
countries struck by disasters such as famines, floods, hurricanes and
earthquakes, and support assistance in disaster preparedness, prevention
and mitigation as well as the longer term recovery efforts managed by
the Office of Transition Initiatives. It also includes assistance for
rehabilitation and resettlement of displaced Kurds in Northern Iraq
assisted prior to FY 1996 under ``Operation Provide Comfort'' funded by
the Department of Defense.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1035-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
11.8 Personnel compensation: Special
personal services payments...... 4 4 4
21.0 Travel and transportation of
persons......................... 1 1 1
22.0 Transportation of things.......... 8 8 7
23.3 Communications, utilities, and
miscellaneous charges........... 1 1 1
25.1 Advisory and assistance services.. 4 4 4
25.2 Other services.................... 8 8 7
26.0 Supplies and materials............ 7 7 6
31.0 Equipment......................... 1 1
41.0 Grants, subsidies, and
contributions................... 171 170 160
--------- --------- ----------

99.9 Total obligations............... 205 204 190
---------------------------------------------------------------------------

Operating Expenses of the Agency for International Development

For necessary expenses to carry out the provisions of section 667,
[$465,750,000: Provided, That of this amount not more than $1,475,000
may be made available to pay for printing costs: Provided further, That
none of the funds appropriated by this Act for programs administered by
the Agency for International Development (AID) may be used to finance
printing costs of any report or study (except feasibility, design, or
evaluation reports or studies) in excess of $25,000 without the approval
of the Administrator of the Agency or the Administrator's designee:
Provided further, That notwithstanding any other provision of law, none
of the funds appropriated or otherwise made available by this Act may be
made available for expenses nec

[[Page 92]]
essary to relocate the Agency for International Development, or any part
of that agency, to the building at the Federal Triangle in Washington,
District of Columbia] $495,000,000, to remain available until expended.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Direct program.................... 521 491 501
00.02 Direct Obligations--Accrued
Separation Liability TF......... 2 2 3
00.03 Reimbursable program.............. 8 6 6
--------- --------- ----------

10.00 Total obligations............... 531 499 510
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 22 27 9
22.00 New budget authority (gross)...... 521 472 501
22.10 Resources available from
recoveries of prior year
obligations..................... 16 9 9
22.30 Unobligated balance expiring...... -1
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 558 508 519
23.95 New obligations................... -531 -499 -510
24.40 Unobligated balance available, end
of year: Uninvested balance..... 27 9 9
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 518 466 495
40.35 Appropriation rescinded......... -6
--------- --------- ----------

43.00 Appropriation (total)......... 512 466 495
50.00 Reappropriation................. 2
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 8 6 6
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 521 472 501
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 166 177 185
73.10 New obligations................... 531 499 510
73.20 Total outlays (gross)............. -503 -482 -489
73.45 Adjustments in unexpired accounts. -16 -9 -9
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 177 185 197
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 378 345 366
86.93 Outlays from current balances..... 117 131 117
86.97 Outlays from new permanent
authority....................... 8 6 6
--------- --------- ----------

87.00 Total outlays (gross)........... 503 482 489
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.00 Offsetting collections (cash)
from: Federal sources......... -8 -6 -6
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 513 466 495
90.00 Outlays........................... 496 476 483
---------------------------------------------------------------------------

These funds cover the appropriated dollar costs of managing Agency
for International Development (USAID) programs, including salaries and
other expenses of direct hire personnel. USAID currently maintains
resident staff in more than 80 foreign countries as well as a
headquarters in Washington which supports field programs and manages
regional and worldwide activities.

Object Classification (in millions of dollars)

Direct obligations:

Personnel compensation:
11.1 Full-time permanent........... 180 175 164
11.3 Other than full-time permanent 6 6 5
11.5 Other personnel compensation.. 9 9 9
11.8 Special personal services
payments.................... 46 48 49
--------- --------- ----------

11.9 Total personnel compensation 241 238 227
12.1 Civilian personnel benefits..... 54 53 52
21.0 Travel and transportation of
persons....................... 23 26 28
22.0 Transportation of things........ 12 11 13
23.1 Rental payments to GSA.......... 8 3 23
23.2 Rental payments to others....... 37 33 31
23.3 Communications, utilities, and
miscellaneous charges......... 16 20 18
24.0 Printing and reproduction....... 1 1 1
25.1 Advisory and assistance services 2 2 2
25.2 Other services.................. 49 46 42
25.3 Purchases of goods and services
from Government accounts...... 21 5 20
25.4 Operation and maintenance of
facilities.................... 6 5 5
25.7 Operation and maintenance of
equipment..................... 12 15 12
25.8 Subsistence and support of
persons....................... 1
26.0 Supplies and materials.......... 9 7 7
31.0 Equipment....................... 29 20 18
32.0 Land and structures............. 1 4 1
41.0 Grants, subsidies, and
contributions................. 1 1 1
42.0 Insurance claims and indemnities 1 1 1
--------- --------- ----------

99.0 Subtotal, direct obligations.. 523 491 503
99.0 Reimbursable obligations.......... 6 6 6
99.5 Below reporting threshold......... 2 2 1
--------- --------- ----------

99.9 Total obligations............... 531 499 510
---------------------------------------------------------------------------

Personnel Summary

1001 Full-time equivalent employment. 3,328 3,152 2,843
1005 Full-time equivalent of overtime
and holiday hours............. 17 16 14
1011 Exempt Full-time equivalent
employment.................... 32 32 32
Reimbursable:
2001 Total compensable workyears: Full-
time equivalent employment...... 10 6 5
---------------------------------------------------------------------------

Payment to the Foreign Service Retirement and Disability Fund

For payment to the ``Foreign Service Retirement and Disability
Fund'', as authorized by the Foreign Service Act of 1980, [$43,914,000]
$43,826,000. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1036-0-1-153 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 45 44 44
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 45 44 44
23.95 New obligations................... -45 -44 -44
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 45 44 44
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 45 44 44
73.20 Total outlays (gross)............. -45 -44 -44
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 45 44 44
--------- --------- ----------

87.00 Total outlays (gross)........... 45 44 44
----------------------------------------------------------------------------

[[Page 93]]

Net budget authority and outlays:
89.00 Budget authority.................. 45 44 44
90.00 Outlays........................... 45 44 44
---------------------------------------------------------------------------

The appropriation requested is to finance the 1996 installment of
the unfunded liability created by the addition of the Agency for
International Development (USAID). Foreign Service personnel to the
foreign service retirement system and by subsequent salary increases and
changes in legislation affecting benefits.

Operating Expenses of the Agency for International Development Office of
Inspector General

For necessary expenses to carry out the provisions of section 667,
[$30,200,000] $30,000,000, to remain available until [September 30,
1997] expended, which sum shall be available for the Office of the
Inspector General of the Agency for International Development. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct program.................... 36 30 30
--------- --------- ----------

10.00 Total obligations............... 36 30 30
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 4 8 8
22.00 New budget authority (gross)...... 39 30 30
22.10 Resources available from
recoveries of prior year
obligations..................... 4
22.30 Unobligated balance expiring...... -3
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 44 38 38
23.95 New obligations................... -36 -30 -30
24.40 Unobligated balance available, end
of year: Uninvested balance..... 8 8 8
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 39 30 30
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 17 12 12
73.10 New obligations................... 36 30 30
73.20 Total outlays (gross)............. -36 -30 -30
73.40 Adjustments in expired accounts... -1
73.45 Adjustments in unexpired accounts. -4
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 12 12 12
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 28 21 21
86.93 Outlays from current balances..... 8 8 8
--------- --------- ----------

87.00 Total outlays (gross)........... 36 30 30
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 39 30 30
90.00 Outlays........................... 36 30 30
---------------------------------------------------------------------------

The funds cover the costs of operations of the Office of the
Inspector General, Agency for International Development, and include
salaries, expenses, and support costs of the Inspector General's
personnel as well as costs associated with providing for the physical
security of Agency personnel at overseas missions.

Object Classification (in millions of dollars)

Personnel compensation:

11.1 Full-time permanent............. 14 14 15
11.8 Special personal services
payments...................... 3 2 2
--------- --------- ----------

11.9 Total personnel compensation.. 17 16 17
12.1 Civilian personnel benefits....... 4 4 4
21.0 Travel and transportation of
persons......................... 3 2 1
22.0 Transportation of things.......... 1 1 1
23.1 Rental payments to GSA............ 1 1 1
23.2 Rental payments to others......... 2 2 2
25.2 Other services.................... 4 1 1
25.7 Operation and maintenance of
equipment....................... 1 1 1
31.0 Equipment......................... 2 1 1
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------

99.9 Total obligations............... 36 30 30
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Total compensable workyears:
1001 Full-time equivalent employment... 225 234 230
1005 Full-time equivalent of overtime
and holiday hours............... 1 1 1
---------------------------------------------------------------------------

Public enterprise funds:

Property Management Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4175-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 2 2 7
22.00 New budget authority (gross)...... 5
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 7 7
23.95 New obligations...................
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2 7 7
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 5
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 2 1
73.10 New obligations...................
73.20 Total outlays (gross)............. 1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total outlays (gross)............. -1
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -5
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1 -5
---------------------------------------------------------------------------

This Fund, as authorized by Public Law 101-513, is maintained for
the deposit of proceeds from the sale of overseas property acquired by
the Agency for International Development (USAID). The proceeds are
available to construct or otherwise acquire outside the United States
(1) essential living quarters, office space, and necessary supporting
facilities for use of USAID personnel, and (2) schools (including
dormitories and boarding facilities) and hospitals for use of USAID
personnel, U.S. Government personnel, and their dependents. In addition,
the proceeds may be used to equip, staff, operate, and maintain such
schools and hospitals.

[[Page 94]]

Intragovernmental funds:

Advance Acquisition of Property--Revolving Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4590-0-4-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 2 2 2
22.00 New budget authority (gross)......
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 2 2 2
23.95 New obligations...................
24.90 Unobligated balance available, end
of year: Fund balance........... 2 2 2
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

A revolving fund to finance the acquisition and rehabilitation at
minimal cost of U.S. Government-owned excess property for purchase by
friendly countries and eligible organizations, for use in conjunction
with economic development programs. Excess property, most of it obtained
from the Department of Defense, includes heavy construction equipment,
vehicles, heavy machinery, electrical generating equipment, and medical
equipment and supplies. The program is self-financed from service fees
and reimbursements by equipment purchasers ultimately funded from
development assistance appropriations to the Agency for International
Development.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4590-0-4-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 2 2 2 2
------------ -------------- ------------ -------------
1999 Total assets.................... 2 2 2 2
NET POSITION:
3300 Cumulative results of operations.. 2 2 2 2
------------ -------------- ------------ -------------
3999 Total net position.............. 2 2 2 2
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 2 2 2
-----------------------------------------------------------------------------------------------

Assistance for the New Independent States of the Former Soviet Union:
Ukraine Export Credit Insurance Program Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Administrative expenses........... 1
00.02 Guaranty Loan Subsidy............. 16
--------- --------- ----------

10.00 Total obligations............... 1 16
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 16
22.00 New budget authority (gross)...... 17
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 17 16
23.95 New obligations................... -1 -16
24.90 Unobligated balance available, end
of year: Fund balance........... 16
----------------------------------------------------------------------------

New budget authority (gross), detail:
42.00 Transferred from other accounts... 17
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1 2
73.10 New obligations................... 1 16
73.20 Total outlays (gross)............. -15 -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 15 2
--------- --------- ----------

87.00 Total outlays (gross)........... 15 2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 17
90.00 Outlays........................... 15 2
---------------------------------------------------------------------------

This program provides U.S. exporters with trade credit insurance to
finance exports of U.S. agricultural supplies and inputs to Ukraine.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 106
--------- --------- ----------

2159 Total loan guarantee levels..... 106
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 14.71 0.00
--------- --------- ----------

2329 Weighted average subsidy rate... 14.71 0.00
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 16
--------- --------- ----------

2339 Total subsidy budget authority.. 16
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 14 2
--------- --------- ----------

2349 Total subsidy outlays........... 14 2
---------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
25.1 Advisory and assistance services.. 1
41.0 Grants, subsidies, and
contributions................... 16
--------- --------- ----------

99.9 Total obligations............... 1 16
---------------------------------------------------------------------------

Assistance for the New Independent States of the Former Soviet Union:
Ukraine Export Credit Insurance Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Default claims.................... 8
--------- --------- ----------

10.00 Total obligations............... 8
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 17
22.00 New financing authority (gross)... 17 4
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 17 21
23.95 New obligations................... -8
24.90 Unobligated balance available, end
of year: Fund balance........... 17 13
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 17 4
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 8

[[Page 95]]

73.20 Total financing disbursements
(gross)......................... -8
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 8
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources............... -14 -2
88.25 Interest on uninvested funds.. -1
88.40 Non-Federal sources........... -3 -1
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -17 -4
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -17 4
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2131 Guaranteed loan commitments exempt
from limitation................. 106
--------- --------- ----------

2150 Total guaranteed loan
commitments................... 106
2199 Guaranteed amount of guaranteed
loan commitments................ 106
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 90
2231 Disbursements of new guaranteed
loans........................... 90 16
2251 Repayments and prepayments........ -43
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -8
--------- --------- ----------

2290 Outstanding, end of year........ 90 55
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 90 55
----------------------------------------------------------------------------

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year......
2331 Disbursements for guaranteed
loan claims................... 8
--------- --------- ----------

2390 Outstanding, end of year...... 8
---------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4345-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 17 13
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:

1501 Defaulted guaranteed loans
receivable, gross............. 8
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............ 8
------------ -------------- ------------ -------------
1999 Total assets.................... 17 21
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 17 13
------------ -------------- ------------ -------------
2999 Total liabilities............... 17 13
NET POSITION:
3300 Cumulative results of operations.. 8
------------ -------------- ------------ -------------
3999 Total net position.............. 8
------------ -------------- ------------ -------------
4999 Total liabilities and net position 17 21
-----------------------------------------------------------------------------------------------

debt reduction, financing account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Payment to liquidating acct-HG
debt............................ 17 6
00.02 Interest on Treasury borrowing-EAI
debt............................ 22 23 15
00.12 Interest on Treasury borrowing--HG
debt............................ 1 1
--------- --------- ----------

10.00 Total obligations............... 22 41 22
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... -7 49
22.00 New financing authority (gross)... 78 41 22
22.60 Redemption of debt................ -47
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 71 43 22
23.95 New obligations................... -22 -41 -22
24.90 Unobligated balance available, end
of year: Fund balance........... 49
----------------------------------------------------------------------------

New financing authority (gross), detail:
Authority to borrow (indefinite):

67.15 Authority to borrow
(indefinite)-EAI debt......... 20
67.15 Authority to borrow
(indefinite)-HG debt.......... 13 5
--------- --------- ----------

67.90 Authority to borrow (total)..... 20 13 5
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 58 90 57
68.47 Portion applied to debt
reduction..................... -62 -40
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total)..................... 58 28 17
--------- --------- ----------

70.00 Total new financing authority
(gross)....................... 78 41 22
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 22 41 22
73.20 Total financing disbursements
(gross)......................... -22 -41 -22
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 22 41 22
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
Federal sources:
88.00 Federal sources-EAI
reestimate................ -28
88.00 Federal sources-HG
restructuring............. -4 -1
Interest on uninvested funds:
88.25 Interest on uninvested
funds-EAI debt............ -3 -2
88.25 Interest on uninvested
funds-HG debt............. -1 -1
88.40 Repayments of principal-EAI
debt........................ -58 -54 -53
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -58 -90 -57
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 20 -49 -35
90.00 Financing disbursements........... -36 -49 -35
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 500 453 447
1233 Disbursements: Purchase of loans
assets from a liquidating
account......................... 51 47
1251 Repayments: Repayments and
prepayments..................... -47 -54 -53
1263 Write-offs for default: Direct
loans........................... -3 -4
--------- --------- ----------

1290 Outstanding, end of year........ 453 447 437
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from restructuring loans administered by the Agency for
International Development.

[[Page 96]]

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 45
Investments in US securities:
Receivables, net:
1106 Receivables, net from
program account........... 28
1106 Interest receivable--
Treasury.................. 2
Net value of assets related to
post-1991 direct loans
receivable:

Direct loans receivable, gross:
1401 Direct loans receivable,
gross-EAI................... 500 453 396 339
1401 Direct loans receivable,
gross-HG.................... 51 98
Allowance for subsidy cost (-):
1405 Allowance for subsidy cost
(-)-EAI..................... -210 -187 -167 -153
1405 Allowance for subsidy cost
(-)-HG...................... -4 -5
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 290 266 276 279
------------ -------------- ------------ -------------
1999 Total assets.................... 318 313 276 279
LIABILITIES:
Federal liabilities:

2101 Accounts payable................ 318
Debt:
2103 Debt-EAI...................... 313 229 186
2103 Debt-HG....................... 47 93
------------ -------------- ------------ -------------
2999 Total liabilities............... 318 313 276 279
------------ -------------- ------------ -------------
4999 Total liabilities and net position 318 313 276 279
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
41.0 Grants, subsidies, and
contributions................... 17 6
43.0 Interest and dividends............ 22 24 16
--------- --------- ----------

99.9 Total obligations............... 22 41 22
---------------------------------------------------------------------------

Loan Guarantee to Israel Financing Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 172 242 351
22.00 New financing authority (gross)... 70 109 117
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 242 351 468
24.90 Unobligated balance available, end
of year: Fund balance........... 242 351 468
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 70 109 117
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations...................
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross).........................
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -14 -22 -27
88.40 Non-Federal sources: Fees and
premiums.................... -56 -87 -90
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -70 -109 -117
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -70 -109 -117
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 2,000 2,000 2,000
2112 Uncommitted loan guarantee
limitation......................
--------- --------- ----------

2150 Total guaranteed loan
commitments................... 2,000 2,000 2,000
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 3,563 5,346 7,286
2231 Disbursements of new guaranteed
loans........................... 1,783 1,940 2,000
--------- --------- ----------

2290 Outstanding, end of year........ 5,346 7,286 9,286
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 5,346 7,286 9,286
---------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 172 242 351 468
------------ -------------- ------------ -------------
1999 Total assets.................... 172 242 351 468
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 172 242 351 468
------------ -------------- ------------ -------------
2999 Total liabilities............... 172 242 351 468
-----------------------------------------------------------------------------------------------

Housing Guaranty Program Account

For the cost, as defined in section 502 of the Congressional Budget
Act of 1974, of guaranteed loans authorized by sections 221 and 222 of
the Foreign Assistance Act of 1961, [$4,000,000] $5,000,000, to remain
available until [September 30, 1997] expended: Provided, That these
funds are available to subsidize loan principal, 100 percent of which
shall be guaranteed, pursuant to the authority of such sections. In
addition, for administrative expenses to carry out guaranteed loan
programs, [$7,000,000] $6,000,000, to remain available until expended,
all of which may be transferred to and merged with the appropriation for
Operating Expenses of the Agency for International Development: Provided
further, That commitments to guarantee loans under this heading may be
entered into notwithstanding the second and third sentences of section
222(a) and, with regard to programs for Eastern Europe and programs for
the benefit of South Africans disadvantaged by apartheid, section 223(j)
of the Foreign Assistance Act of 1961: Provided further, That none of
the funds appropriated under this heading shall be obligated except
through the regular notification procedures of the Committees on
Appropriations. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1996.)

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 8
Receipts:
02.01 AID-housing guarantees, Downward
reestimates of subsidies........ 8
--------- --------- ----------

04.00 Total: Balances and collections... 8 8
07.99 Total balance, end of year........ 8 8
---------------------------------------------------------------------------

[[Page 97]]

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Guaranteed loan subsidy........... 19 4 5
00.09 Administrative expenses........... 8 7 6
--------- --------- ----------

10.00 Total obligations............... 27 11 11
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 27 11 11
23.95 New obligations................... -27 -11 -11
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 27 11 11
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 45 47 34
73.10 New obligations................... 27 11 11
73.20 Total outlays (gross)............. -24 -24 -21
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 47 34 24
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 6 5 5
86.93 Outlays from current balances..... 18 19 16
--------- --------- ----------

87.00 Total outlays (gross)........... 24 24 21
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 27 11 11
90.00 Outlays........................... 24 24 21
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 148 41 41
--------- --------- ----------

2159 Total loan guarantee levels..... 148 41 41
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 12.83 9.87 11.83
--------- --------- ----------

2329 Weighted average subsidy rate... 12.83 9.87 11.83
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 19 4 5
--------- --------- ----------

2339 Total subsidy budget authority.. 19 4 5
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 16 17 14
--------- --------- ----------

2349 Total subsidy outlays........... 16 17 14
---------------------------------------------------------------------------

The Housing Guaranty program extends guaranties to U.S. private
investors who make loans to developing countries to assist them in
formulating and executing sound housing and community development
policies that meet the needs of lower income groups.

As required by the Federal Credit Reform Act of 1990, this account
records, for the Housing Guaranty program, the subsidy costs associated
with the loan guarantees committed in 1992 and beyond, as well as
administrative expenses of this program. The subsidy amounts are
estimated on a present value basis; the administrative expenses are
estimated on a cash basis.

Object Classification (in millions of dollars)

Personnel compensation:

11.1 Full-time permanent............. 2 3 3
11.3 Other than full-time permanent.. 1
--------- --------- ----------

11.9 Total personnel compensation.. 3 3 3
25.1 Advisory and assistance services.. 1
25.3 Purchases of goods and services
from Government accounts........ 1 1
41.0 Grants, subsidies, and
contributions................... 19 4 5
99.5 Below reporting threshold......... 4 3 2
--------- --------- ----------

99.9 Total obligations............... 27 11 11
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 23 25 26
---------------------------------------------------------------------------

Housing and Other Credit Guaranty Programs Guaranteed Loan Financing
Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Payment of downward reestimate to
receipt account................. 1 7
--------- --------- ----------

10.00 Total obligations (object class
24.4)......................... 1 7
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 48 67 70
22.00 New financing authority (gross)... 20 10 12
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 68 77 82
23.95 New obligations................... -1 -7
24.90 Unobligated balance available, end
of year: Fund balance........... 67 70 82
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 20 10 12
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 2 2 2
73.10 New obligations................... 1 7
73.20 Total financing disbursements
(gross)......................... -1 -7
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance:
Uninvested balance.............. 2 2 2
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 1 7
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -17 -4 -5
88.25 Interest on uninvested funds.. -1 -3 -4
88.40 Non-Federal sources: Fees and
premiums.................... -2 -3 -3
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -20 -10 -12
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -19 -3 -12
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4344-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2131 Guaranteed loan commitments exempt
from limitation................. 148 41 42
--------- --------- ----------

2150 Total guaranteed loan
commitments................... 148 41 42
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 59 179 310
2231 Disbursements of new guaranteed
loans........................... 120 131 112
2261 Adjustments: Terminations for
default that result in loans
receivable......................
--------- --------- ----------

[[Page 98]]

2290 Outstanding, end of year........ 179 310 422
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 179 310 422
----------------------------------------------------------------------------

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year......
2331 Disbursements for guaranteed
loan claims...................
--------- --------- ----------

2390 Outstanding, end of year......
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from loan guarantees under the Agency for International
Development (USAID) Housing Guaranty program committed in 1992 and
beyond. The amounts in this account are a means of financing and are not
included in the budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4344-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 5 28 58 60
Investments in US securities:
1106 Accounts receivable from
program accounts............ 41 43 43 31
------------ -------------- ------------ -------------
1999 Total assets.................... 46 71 101 91
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 5 28 58 60
------------ -------------- ------------ -------------
2999 Total liabilities............... 5 28 58 60
NET POSITION:
3100 Appropriated capital.............. 41 43 43 31
------------ -------------- ------------ -------------
3999 Total net position.............. 41 43 43 31
------------ -------------- ------------ -------------
4999 Total liabilities and net position 46 71 101 91
-----------------------------------------------------------------------------------------------

Housing and Other Credit Guaranty Programs Liquidating Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.03 Claim payments.................... 1 1 1
00.04 Acquired security on collateral... 56 54 68
00.05 Interest on borrowing............. 11 9 7
--------- --------- ----------

10.00 Total obligations............... 68 64 76
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 68 64 76
23.95 New obligations................... -68 -64 -76
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 9 7 38
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 59 72 63
68.47 Portion applied to debt
reduction..................... -15 -25
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total)..................... 59 57 38
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 68 64 76
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 7 6 5
73.10 New obligations................... 68 64 76
73.20 Total outlays (gross)............. -69 -66 -77
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance:
Uninvested balance.............. 6 5 4
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 67 64 76
86.98 Outlays from permanent balances... 1 1 1
--------- --------- ----------

87.00 Total outlays (gross)........... 69 66 77
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
88.00 Federal sources-receipts
resulting from debt
restructuring............... -17 -6
Non-Federal sources:
88.40 Recoveries of claims........ -31 -27 -29
88.40 Fees........................ -9 -9 -9
88.40 Interest & late pmt.
collections............... -19 -19 -19
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -59 -72 -63
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 9 -8 13
90.00 Outlays........................... 10 -6 14
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 2,037 2,009 1,964
2231 Disbursements of new guaranteed
loans........................... 34 27 50
2251 Repayments and prepayments........ -52 -47 -49
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -10 -25 -25
--------- --------- ----------

2290 Outstanding, end of year........ 2,009 1,964 1,940
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 2,009 1,964 1,940
----------------------------------------------------------------------------

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year...... 409 442 427
2331 Disbursements for guaranteed
loan claims................... 65 64 87
2351 Repayments of loans receivable.. -31 -44 -35
2361 Write-offs of loans receivable.. -1 -35 -39
--------- --------- ----------

2390 Outstanding, end of year...... 442 427 440
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records, for the Housing Guaranty program, all cash flows to and from
the Government resulting from direct loans obligated and loan guarantees
committed prior to 1992. This account is shown on a cash basis. All new
activity in this program in 1992 and beyond is recorded in corresponding
program and financing accounts.

Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
0111 Revenue........................... 59 59 58 58
0112 Expense........................... -178 -178 -196 -196
------------ -------------- ------------ -------------
0119 Net income or loss (-)............ -119 -119 -138 -138
------------ -------------- ------------ -------------
0199 Net income or loss................ -119 -119 -138 -138
-----------------------------------------------------------------------------------------------

[[Page 99]]

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 7 6 5 4
1206 Non-Federal assets: Receivables,
net............................. 1 1
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:

1701 Defaulted guaranteed loans,
gross......................... 409 442 428 441
1703 Allowance for estimated
uncollectible loans and
interest (-).................. -362 -403 -390 -402
1704 Defaulted guaranteed loans and
interest receivable, net...... 47 39 38 39
------------ -------------- ------------ -------------
1799 Value of assets related to
loan guarantees............. 47 39 38 39
1803 Other Federal assets: Property,
plant and equipment, net........ 1
------------ -------------- ------------ -------------
1999 Total assets.................... 56 46 43 43
LIABILITIES:
Federal liabilities:

2102 Interest payable................ 5 5 5 5
2103 Debt............................ 125 125 110 85
2105 Other........................... 3
Non-Federal liabilities:

2201 Accounts payable................ 2 15
2204 Liabilities for loan guarantees. 702 686 671 662
------------ -------------- ------------ -------------
2999 Total liabilities............... 837 831 786 752
NET POSITION:
3100 Appropriated capital.............. 108 159 159 172
3300 Cumulative results of operations.. -891 -944 -902 -881
------------ -------------- ------------ -------------
3999 Total net position.............. -783 -785 -743 -709
------------ -------------- ------------ -------------
4999 Total liabilities and net position 54 46 43 43
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
33.0 Investments and loans............. 56 54 68
42.0 Insurance claims and indemnities.. 1 1 1
43.0 Interest and dividends............ 11 9 7
99.0 Subtotal, reimbursable obligations 68 64 76
--------- --------- ----------

99.9 Total obligations............... 68 64 76
---------------------------------------------------------------------------

Micro and Small Enterprise Development Program Account

For the [subsidy] cost of direct loans and loan guarantees,
$1,500,000, [as authorized by section 108] to remain available until
September 30, 1998, for microenterprise and other development credit
programs in support of the objectives of chapter 1 of part I of the
Foreign Assistance Act of 1961, as amended: Provided, That such costs
shall be as defined in section 502 of the Congressional Budget Act of
1974: Provided further, That guarantees and direct loans for micro and
small enterprise development shall be in accordance with section 108 of
the Foreign Assistance Act of 1961, except that guarantees of loans made
under this heading in support of microenterprise activities may
guarantee up to 70 percent of the principal amount of any such loans
[notwithstanding section 108 of the Foreign Assistance Act of 1961]. In
addition, for administrative expenses to carry out programs under this
heading, $500,000, to remain available until September 30, 1998, all of
which may be transferred to and merged with the appropriation for
Operating Expenses of the Agency for International Development[:
Provided further, That funds made available under this heading shall
remain available until September 30, 1997]. (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Guaranty loan subsidy--
microenterprise credits......... 1 1 1
00.09 Administrative expenses........... 1 1
--------- --------- ----------

10.00 Total obligations............... 1 2 2
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2 2 2
23.95 New obligations................... -1 -2 -2
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 2 2 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 2 2 3
73.10 New obligations................... 1 2 2
73.20 Total outlays (gross)............. -1 -1 -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 2 3 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1 1 1
86.93 Outlays from current balances..... 1
--------- --------- ----------

87.00 Total outlays (gross)........... 1 1 2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 2 2 2
90.00 Outlays........................... 1 1 2
---------------------------------------------------------------------------

The Microenterprise and Other Development Credit Program account
supports private sector activities in developing countries by providing
direct loans and loan guarantees to support local micro and small
enterprises.

As required by the Federal Credit Reform Act of 1990, this account
records, for this program, the subsidy costs associated with the loan
guarantees committed in 1992 and beyond, as well as administrative
expenses of this program. The subsidy amounts are estimated on present
value basis; the administrative expenses are estimated on a cash basis.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct loan levels................ 2 1 1
--------- --------- ----------

1159 Total direct loan levels........ 2 1 1
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 10.20 12.75 12.20
--------- --------- ----------

1329 Weighted average subsidy rate... 10.20 12.75 12.20
----------------------------------------------------------------------------

Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 48 38 38
--------- --------- ----------

2159 Total loan guarantee levels..... 48 38 38
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 3.70 3.70 3.73
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 1 1 1
--------- --------- ----------

2339 Total subsidy budget authority.. 1 1 1
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 1 1 2
--------- --------- ----------

2349 Total subsidy outlays........... 1 1 2
----------------------------------------------------------------------------

Administrative expense data:
3510 Budget authority.................. 1 1
3590 Outlays from new authority........
---------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
41.0 Direct obligations: Grants,
subsidies, and contributions.... 1 1 1
99.5 Below reporting threshold......... 1 1
--------- --------- ----------

99.9 Total obligations............... 1 2 2
---------------------------------------------------------------------------

[[Page 100]]

Microenterprise and Other Development Credit Direct Loan Financing
Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loans...................... 1 3 1
--------- --------- ----------

10.00 Total obligations............... 1 3 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New financing authority (gross)... 1 3 1
23.95 New obligations................... -1 -3 -1
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 1 3
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 1
--------- --------- ----------

70.00 Total new financing authority
(gross)....................... 1 3 1
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 1 3 1
73.20 Total financing disbursements
(gross)......................... -3 -1
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 3 1
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

88.40 Offsetting collections (cash)
from: Interest received on
loans......................... -1
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 1 3
90.00 Financing disbursements........... 3
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4342-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........
1131 Direct loan obligations exempt
from limitation................. 1 1 1
--------- --------- ----------

1150 Total direct loan obligations... 1 1 1
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 1 1 4
1231 Disbursements: Direct loan
disbursements................... 3 1
1251 Repayments: Repayments and
prepayments..................... -1
--------- --------- ----------

1290 Outstanding, end of year........ 1 4 4
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from direct loans obligated under the Agency for International
Development (USAID) Microenterprise and Other Development Credit Direct
Loan program in 1992 and beyond (including modifications of direct loans
that resulted from obligations in any year). The amounts in this account
are a means of financing and are not included in the budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4342-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 1 1 4 4
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 1 1 4 4
------------ -------------- ------------ -------------
1999 Total assets.................... 1 1 4 4
LIABILITIES:
2201 Non-Federal liabilities: Accounts
payable......................... 1 1 4 4
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 1 4 4
-----------------------------------------------------------------------------------------------

Microenterprise and Other Development Guaranteed Loan Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Default claims.................... 1 1
--------- --------- ----------

10.00 Total obligations............... 1 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 1 1 3
22.00 New financing authority (gross)... 2 3 1
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 3 4 4
23.95 New obligations................... -1 -1
24.90 Unobligated balance available, end
of year: Fund balance........... 1 3 3
----------------------------------------------------------------------------

New financing authority (gross), detail:
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 1 2 2
68.10 Change in orders on hand from
Federal sources............... 1 1 -1
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total)..................... 2 3 1
--------- --------- ----------

70.00 Total new financing authority
(gross)....................... 2 3 1
----------------------------------------------------------------------------

Change in unpaid obligations:
72.95 Unpaid obligations, start of year:
Orders on hand from Federal
sources......................... 1 2 3
73.10 New obligations................... 1 1
73.20 Total financing disbursements
(gross)......................... -1 -2
74.95 Unpaid obligations, end of year:
Orders on hand from Federal
sources......................... 2 3 2
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 1 2
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

88.00 Offsetting collections (cash)
from: Federal sources:
Payments from program account. -1 -2 -2
88.95 Change in receivables from program
accounts........................ -1 -1 1
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -2
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4343-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2131 Guaranteed loan commitments exempt
from limitation................. 48 38 38
--------- --------- ----------

2150 Total guaranteed loan
commitments................... 48 38 38
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 22 26 45
2231 Disbursements of new guaranteed
loans........................... 4 20 36
2263 Adjustments: Terminations for
default that result in claim
payments........................ -1 -1
--------- --------- ----------

2290 Outstanding, end of year........ 26 45 80
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 13 23 40
----------------------------------------------------------------------------

[[Page 101]]

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year...... 1
2331 Disbursements for guaranteed
loan claims................... 1 1
--------- --------- ----------

2390 Outstanding, end of year...... 1 2
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from loan guarantees under the Agency for International
Development (USAID) Microenterprise and Other Development Guarantee
program committed in 1992 and beyond (including modifications of loan
guarantees that resulted from commitments in any year). The amounts in
this account are a means of financing and are not included in the budget
totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4343-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 1 2 3 3
Investments in US securities:
1106 Accounts receivable from
program account............. 1 2 3 2
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:

1501 Defaulted guaranteed loans
receivable, gross............. 1 1
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............ 1 1
------------ -------------- ------------ -------------
1999 Total assets.................... 2 4 7 6
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 1 2 4 4
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 2 4 4
NET POSITION:
3100 Appropriated capital.............. 1 2 3 2
------------ -------------- ------------ -------------
3999 Total net position.............. 1 2 3 2
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 4 7 6
-----------------------------------------------------------------------------------------------

Private Sector Revolving Fund Liquidating Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3 5
22.40 Capital transfer to general fund.. -2 -5
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 3 5
3 5
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 2 2
73.10 New obligations...................
73.20 Total outlays (gross)............. -2 -2
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance:
Uninvested balance.............. 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 2
86.98 Outlays from permanent balances... 2
--------- --------- ----------

87.00 Total outlays (gross)........... 2 2
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -3 -5
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -1 -3
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 8 7 3
1231 Disbursements: Direct loan
disbursements...................
1251 Repayments: Repayments and
prepayments..................... -1 -4
--------- --------- ----------

1290 Outstanding, end of year........ 7 3 3
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 19 19 19
2231 Disbursements of new guaranteed
loans...........................
2264 Adjustments: Other adjustments,
net............................. -17
--------- --------- ----------

2290 Outstanding, end of year........ 19 19 2
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 10 10 1
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records, for the private sector revolving fund, all cash flows to and
from the Government resulting from direct loans obligated and loan
guarantees committed under the Private Sector Loan Fund prior to 1992.
This account is shown on a cash basis. All new activity in this program
in 1992 and beyond is recorded in corresponding program and financing
accounts.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 2 2
1206 Non-Federal assets: Receivables,
net............................. 1
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:

1601 Direct loans, gross............. 7 7 3 3
1603 Allowance for estimated
uncollectible loans and
interest (-).................. -4 -3 -1 -1
1604 Direct loans and interest
receivable, net............... 3 4 2 2
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 3 4 2 2
------------ -------------- ------------ -------------
1999 Total assets.................... 6 6 2 2
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 5 2
------------ -------------- ------------ -------------
2999 Total liabilities............... 5 2
NET POSITION:
3100 Appropriated capital.............. 2 4 2 2
------------ -------------- ------------ -------------
3999 Total net position.............. 2 4 2 2
------------ -------------- ------------ -------------
4999 Total liabilities and net position 7 6 2 2
-----------------------------------------------------------------------------------------------

[[Page 102]]

Economic Assistance Loans--Liquidating Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 898 878
22.40 Capital transfer to general fund.. -898 -878
--------- --------- ----------

23.90 Total budgetary resources
available for obligation......
23.95 New obligations...................
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 898 878
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 13
73.10 New obligations...................
73.20 Total outlays (gross)............. -13
73.30 Obligated balance transferred, net 13
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance:
Uninvested balance.............. 13
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 13
--------- --------- ----------

87.00 Total outlays (gross)........... 13
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -898 -878
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -885 -878
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4103-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 13,765 13,279 12,680
1231 Disbursements: Direct loan
disbursements................... 11 13
Repayments:

Repayments and prepayments:
1251 Repayments and prepayments.... -443 -612 -616
1251 Repayments and prepayments.... -22
Write-offs for default:

Direct loans:
1263 Direct loans.................. -5
1263 Direct loans.................. -27
--------- --------- ----------

1290 Outstanding, end of year........ 13,279 12,680 12,064
---------------------------------------------------------------------------
\1\ Shows consolidation of amounts outstanding from the Economic
Support Fund, Functional Development Assistance Program, and the
Development Loans Revolving Fund.

The Economic Assistance Loans account consolidates liquidating
credit activity from four previous accounts: Economic Support Fund,
Functional Development Assistance Program, and the Development Loans
Revolving Fund. This was done to simplify presentation.

Trust Funds

Foreign Service National Separation Liability Trust Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-8342-0-7-602 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
12.1)........................... 4 3 3
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 5 3 3
23.95 New obligations................... -4 -3 -3
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 5 3 3
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 5 5 6
73.10 New obligations................... 4 3 3
73.20 Total outlays (gross)............. -2 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 5 6 8
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 2 1
--------- --------- ----------

87.00 Total outlays (gross)........... 2 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 5 3 3
90.00 Outlays........................... 2 1
---------------------------------------------------------------------------

This Fund is maintained to pay separation costs for Foreign Service
National employees of the Agency for International Development in those
countries in which such pay is legally required. The Fund, as authorized
by Public Law 102-138, is maintained by annual Government contributions
which are appropriated in several Agency accounts.

Miscellaneous Trust Funds, Aid

Proginancing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-9971-0-7-151 1995 actual95
actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
99.5)........................... 1 1 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Treasury balance. 2 2 2
22.00 New budget authority (gross)......
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 2 2 2
23.95 New obligations................... -1 -1 -1
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2 2 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 4 1 1
73.10 New obligations................... 1 1 1
73.20 Total outlays (gross)............. -3 -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1 1 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 3
--------- --------- ----------

87.00 Total outlays (gross)........... 3 1 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 3 1 1
---------------------------------------------------------------------------

Funds advanced by foreign countries are used to pay for procurement
in the United States of nonmilitary materials or services for programs
in those countries in accordance with bilateral agreements.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-9971-0-7-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 7 4 4 4
------------ -------------- ------------ -------------
1999 Total assets.................... 7 4 4 4
LIABILITIES:
2202 Non-Federal liabilities: Interest
payable......................... 1 1 1 1
------------ -------------- ------------ -------------

[[Page 103]]

2999 Total liabilities............... 1 1 1 1
NET POSITION:
3300 Cumulative results of operations.. 6 3 3 3
------------ -------------- ------------ -------------
3999 Total net position.............. 6 3 3 3
------------ -------------- ------------ -------------
4999 Total liabilities and net position 7 4 4 4
-----------------------------------------------------------------------------------------------

General Fund Receipt Account (in millions of dollars)

----------------------------------------------------------------------------
1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
72-146600 Interest on loans, AID..... 318
72-294100 Dollar repayments of loans,
Agency for International Development 539
--------- --------- ----------

General Fund Offsetting receipts from
the public............................. 857
---------------------------------------------------------------------------

OVERSEAS PRIVATE INVESTMENT CORPORATION

Federal Funds

Public enterprise funds:

Overseas Private Investment Corporation

noncredit account

The Overseas Private Investment Corporation is authorized to make,
without regard to fiscal year limitations, as provided by 31 U.S.C.
9104, such expenditures and commitments within the limits of funds
available to it and in accordance with law as may be necessary:
Provided, That the amount available for administrative expenses to carry
out the credit and insurance programs (including an amount for official
reception and representation expenses which shall not exceed $35,000)
shall not exceed [$26,000,000] $32,000,000: Provided further, That
project-specific transaction costs, including direct and indirect costs
incurred in claims settlements, and other direct costs associated with
services provided to specific investors or potential investors pursuant
to section 234 of the Foreign Assistance Act of 1961, shall not be
considered administrative expenses for the purposes of this heading.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1996.)

Unavailable Collections (in millions of dollars)

03.00 Offsetting Collections............ 114 176 127
04.00 Total: Balances and collections... 1,988 2,164 2,291
07.99 Total balance, end of year........ 1,988 2,164 2,291
---------------------------------------------------------------------------

These balances are reserves held for potential claims and are not
expected to be obligated.

Program and Financing (in millions of dollars)

Obligations by program activity:
Operating expenses:

00.01 Noncredit administrative expense 13 13 13
00.02 Insurance claim payments/
provisions.................... 22 11 12
00.03 Credit administration expenses.. 16 16 19
--------- --------- ----------

10.00 Total obligations............... 51 40 44
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 51 40 44
22.10 Resources available from
recoveries of prior year
obligations..................... 1 1
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 51 41 45
23.95 New obligations................... -51 -40 -44
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

41.00 Transferred to other accounts... -47 -16 -91
Permanent:

Spending authority from
offsetting collections:
68.00 Offsetting collections (cash). 229 232 262
68.27 Capital transfer to general
fund........................ -17
68.45 Portion not expected to be
obligated................... -114 -176 -127
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total)................... 98 56 135
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 51 40 44
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 51 81 85
73.10 New obligations................... 51 40 44
73.20 Total outlays (gross)............. -21 -35 -38
73.45 Adjustments in unexpired accounts. -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 81 85 90
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 20 26 29
86.98 Outlays from permanent balances... 1 9 8
--------- --------- ----------

87.00 Total outlays (gross)........... 21 35 38
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
88.00 Federal sources............... -16 -16 -19
88.20 Interest on U.S. securities... -145 -137 -157
88.40 Non-Federal sources........... -68 -79 -86
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -229 -232 -262
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -178 -192 -218
90.00 Outlays........................... -208 -197 -224
---------------------------------------------------------------------------

The Overseas Private Investment Corporation encourages the
participation of United States private capital and skills in the
economic and social development of developing countries and emerging
market economies. Its primary noncredit program is political risk
insurance against losses due to expropriation, inconvertibility, and
political violence damage.

Status of Funds (in millions of dollars)

0101 Par value....................... 1,916 2,022 2,169
0102 Unrealized discounts............ -14 -31
--------- --------- ----------

0199 Total balance, start of year.... 1,923 2,067 2,248
Cash income during the year:
Offsetting collections:

0280 Offsetting Collections.......... 229 232 262
Cash outgo during year:
0500 Overseas Private Investment
Corporation noncredit account... -21 -35 -38
0645 Balance transferred, net.......... -64 -16 -91
Unexpended balance, end of year:
0700 Treasury balance.................. 76 79 86
U.S. Securities:

0701 Par value....................... 2,022 2,169 2,295
0702 Unrealized discounts............ -31
--------- --------- ----------

0799 Total balance, end of year...... 2,067 2,248 2,381
---------------------------------------------------------------------------
INSURANCE PROGRAM ACTIVITY
[In millions 1994 actual 1995 actual 1996 est. 1997 est.
Aggregate insurance outstanding, start of year.. 11,992 16,177 21,297 24,072
Aggregate insurance issued during year.......... 6,060 8,605 9,100 9,400
Aggregate insurance reductions and consultations -1,874 -3,485 -6,325 -7,149
------------------------------------------------
Aggregate insurance outstanding, end of year.... 16,177 21,297 24,072 26,323
Net growth/(decline) of portfolio............... 4,185 5,120 2,775 2,251
Net growth rate of insurance portfolio.......... 34.90% 31.65% 13.03% 9.35%
------------------------------------------------

[[Page 104]]
------------
STATUS OF INSURANCE AUTHORITY

[In millions 1994 actual 1995 actual 1996 est. 1997 est.
Statutory authority limitation.................. 9,000 13,500 13,500 13,500
Maximum contingent liability, end of year....... 8,229 11,501 12,999 14,214
Estimated potential exposure to claims, end of
year........................................ 5,087 7,880 8,907 9,739
================================================

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 21 18 18 18
Investments in US securities:
1102 Treasury securities, par...... 2,043 2,201 2,300 2,400
1106 Receivables, net.............. 39 44 44 44
1206 Non-Federal assets: Receivables,
net............................. 2 14 14 14
Other Federal assets:

1803 Property, plant and equipment,
net........................... 8 9 9 9
1901 Other assets.................... 13
------------ -------------- ------------ -------------
1999 Total assets.................... 2,126 2,286 2,385 2,485
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 23 3 3 3
Non-Federal liabilities:

2201 Accounts payable................ 1 55 55 55
2207 Other........................... 107 84 84 84
------------ -------------- ------------ -------------
2999 Total liabilities............... 131 142 142 142
NET POSITION:
3300 Cumulative results of operations.. 1,995 2,144 2,243 2,343
------------ -------------- ------------ -------------
3999 Total net position.............. 1,995 2,144 2,243 2,343
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2,126 2,286 2,385 2,485
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 6 6 6
12.1 Civilian personnel benefits....... 2 2 2
21.0 Travel and transportation of
persons......................... 1 1 1
23.2 Rental payments to others......... 2 2 2
25.2 Other services.................... 2 2 2
25.3 Purchases of goods and services
from Government accounts........ 16 16 19
42.0 Insurance claims and indemnities.. 22 11 12
99.0 Subtotal, reimbursable obligations 51 40 44
--------- --------- ----------

99.9 Total obligations............... 51 40 44
---------------------------------------------------------------------------

Personnel Summary

Credit accounts:

Overseas Private Investment Corporation Program Account

For the cost of direct and guaranteed loans, $72,000,000, as
authorized by section 234 of the Foreign Assistance Act of 1961, to be
derived by transfer from the Overseas Private Investment Corporation
Noncredit Account: Provided, That such costs, including the cost of
modifying such loans, shall be as defined in section 502 of the
Congressional Budget Act of 1974: Provided further, That such sums shall
be available for direct loan obligations and loan guaranty commitments
incurred or made during fiscal years [1996] 1997 and [1997] 1998:
Provided further, That such sums shall remain available through fiscal
year [2003] 2005 for the disbursement of direct and guaranteed loans
obligated in fiscal year [1996] 1997, and through fiscal year [2004]
2006 for the disbursement of direct and guaranteed loans obligated in
fiscal year [1997] 1998. In addition, such sums as may be necessary for
administrative expenses to carry out the credit program may be derived
from amounts available for administrative expenses to carry out the
credit and insurance programs in the Overseas Private Investment
Corporation Noncredit Account and merged with said account. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loan subsidy............... 8 4
00.02 Guaranteed loan subsidy........... 59 98 68
00.03 Credit administrative expenses.... 16 16 19
--------- --------- ----------

10.00 Total obligations............... 75 122 91
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 21 42 8
22.00 New budget authority (gross)...... 97 88 91
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 118 130 99
23.95 New obligations................... -75 -122 -91
24.40 Unobligated balance available, end
of year: Uninvested balance..... 42 8 8
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 72
42.00 Transferred from other accounts... 97 16 91
--------- --------- ----------

43.00 Appropriation (total)........... 97 88 91
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 97 88 91
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 63 117 167
73.10 New obligations................... 75 122 91
73.20 Total outlays (gross)............. -22 -72 -90
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 117 167 168
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 15 16 19
86.93 Outlays from current balances..... 6 56 71
--------- --------- ----------

87.00 Total outlays (gross)........... 22 72 90
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 97 88 91
90.00 Outlays........................... 22 72 90
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct loan levels................ 15 200 80
--------- --------- ----------

1159 Total direct loan levels........ 15 200 80
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 0.00 4.00 5.00
--------- --------- ----------

1329 Weighted average subsidy rate... 0.00 4.00 5.00
Direct loan subsidy budget authority:
1330 Subsidy budget authority.......... 8 4
--------- --------- ----------

1339 Total subsidy budget authority.. 8 4
Direct loan subsidy outlays:
1340 Subsidy outlays................... 3 4 4
--------- --------- ----------

1349 Total subsidy outlays........... 3 4 4
----------------------------------------------------------------------------

Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 1,891 2,000 2,250
--------- --------- ----------

2159 Total loan guarantee levels..... 1,891 2,000 2,250

[[Page 105]]

Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 0.00 3.00 2.50
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 59 98 65
--------- --------- ----------

2339 Total subsidy budget authority.. 59 98 65
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 5 52 67
--------- --------- ----------

2349 Total subsidy outlays........... 5 52 67
----------------------------------------------------------------------------

Administrative expense data:
3510 Budget authority.................. 16 16 19
3590 Outlays........................... 13 16 19
---------------------------------------------------------------------------

The Overseas Private Investment Corporation encourages the
participation of United States private capital and skills in the
economic and social development of developing countries and emerging
market economies. Its primary credit program is investment financing
through loans and guaranteed loans.

As required by the Federal Credit Reform Act of 1990, the Program
Account records the subsidy costs associated with the direct loans
obligated and loan guarantees committed in 1992 and beyond (including
modifications of direct loans or loan guarantees that resulted from
obligations or commitments in any year), as well as administrative
expenses of this program. The subsidy amounts are estimated on a present
value basis; the administrative expenses are estimated on a cash basis.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 6 6 8
12.1 Civilian personnel benefits....... 2 2 3
21.0 Travel and transportation of
persons......................... 1 1 1
23.2 Rental payments to others......... 2 2 2
25.2 Other services.................... 3 3 3
41.0 Grants, subsidies, and
contributions................... 59 106 72
99.5 Below reporting threshold......... 2 2 2
--------- --------- ----------

99.9 Total obligations............... 75 122 91
---------------------------------------------------------------------------

Personnel Summary

Overseas Private Investment Corporation Direct Loan Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loans...................... 15 200 80
00.02 Interest on Treasury borrowing.... 2 3 5
--------- --------- ----------

10.00 Total obligations............... 17 203 85
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New financing authority (gross)... 17 203 85
23.95 New obligations................... -17 -203 -85
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 10 192 72
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 7 6 8
68.10 Change in orders on hand from
Federal sources............... 6 4
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total)..................... 7 12 12
--------- --------- ----------

70.00 Total new financing authority
(gross)....................... 17 203 85
----------------------------------------------------------------------------

Change in unpaid obligations:
Unpaid obligations, start of year:

72.90 Obligated balance: Fund balance. 68 38 173
72.95 Orders on hand from Federal
sources....................... 3 3 9
--------- --------- ----------

72.99 Total unpaid obligations,
start of year............... 71 41 182
73.10 New obligations................... 17 203 85
73.20 Total financing disbursements
(gross)......................... -47 -62 -75
Unpaid obligations, end of year:

74.90 Obligated balance: Fund balance:
Uninvested balance............ 38 173 179
74.95 Orders on hand from Federal
sources....................... 3 9 13
--------- --------- ----------

74.99 Total unpaid obligations, end
of year..................... 41 182 192
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 47 62 75
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources............... -4 -2 -4
Non-Federal sources:
88.40 Repayments of principal..... -1 -1 -1
88.40 Interest received on loans.. -2 -2 -2
88.40 Fees........................ -1 -1
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -7 -6 -8
88.95 Change in receivables from program
accounts........................ -6 -4
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 10 191 73
90.00 Financing disbursements........... 39 56 67
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4074-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........
1131 Direct loan obligations exempt
from limitation................. 15 200 80
--------- --------- ----------

1150 Total direct loan obligations... 15 200 80
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 8 53 114
1231 Disbursements: Direct loan
disbursements................... 46 62 75
1251 Repayments: Repayments and
prepayments..................... -1 -1 -1
--------- --------- ----------

1290 Outstanding, end of year........ 53 114 188
---------------------------------------------------------------------------
\1\ Enacted limitation was for both direct and guaranteed loans
combined. This level is the expected direct loan amount from that
limitation.

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from direct loans obligated in 1992 and beyond (including
modifications of direct loans that resulted from obligations in any
year). The amounts in this account are a means of financing and are not
included in the budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 71-4074-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 6 4 5 4
Investments in US securities:
1106 Receivables, net.............. 7 3 9 13
1206 Non-Federal assets: Receivables,
net............................. 3 6 6
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 9 53 114 188
1402 Interest receivable............. 1 2 3
1405 Allowance for subsidy cost (-).. -2 -6 -8 -6
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 7 48 108 185
------------ -------------- ------------ -------------
1999 Total assets.................... 20 58 128 208

[[Page 106]]

LIABILITIES:
Federal liabilities:

2101 Accounts payable................ 7 3 13 26
2102 Interest payable................ 1 2 3 5
2103 Debt............................ 12 49 108 171
2207 Non-Federal liabilities: Other.... 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 20 55 125 203
NET POSITION:
3300 Cumulative results of operations.. 3 3 5
------------ -------------- ------------ -------------
3999 Total net position.............. 3 3 5
------------ -------------- ------------ -------------
4999 Total liabilities and net position 20 58 128 208
-----------------------------------------------------------------------------------------------

Overseas Private Investment Corporation Guaranteed Loan Financing
Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.03 Default Claims.................... 1 10 20
00.04 Capitalized Costs................. 2 2 2
--------- --------- ----------

10.00 Total obligations............... 3 12 22
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 78 109 210
22.00 New financing authority (gross)... 34 113 147
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 112 222 357
23.95 New obligations................... -3 -12 -22
24.90 Unobligated balance available, end
of year: Fund balance........... 109 210 335
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 34 113 147
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 3 12 22
73.20 Total financing disbursements
(gross)......................... -3 -12 -22
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total financing disbursements
(gross)......................... 3 12 22
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -4 -58 -67
88.25 Interest on uninvested funds.. -5 -10
88.40 Non-Federal sources: Fees and
premiums.................... -36 -50 -70
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -40 -113 -147
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... -6
90.00 Financing disbursements........... -37 -101 -125
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4075-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2131 Guaranteed loan commitments exempt
from limitation................. 1,891 2,000 2,250
--------- --------- ----------

2150 Total guaranteed loan
commitments................... 1,891 2,000 2,250
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 387 948 2,550
2231 Disbursements of new guaranteed
loans........................... 575 1,627 1,765
2251 Repayments and prepayments........ -14 -25 -300
--------- --------- ----------

2290 Outstanding, end of year........ 948 2,550 4,015
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 948 2,550 4,015
----------------------------------------------------------------------------

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year...... 9 9 7
2331 Disbursements for guaranteed
loan claims................... 15
2351 Repayments of loans receivable.. -2
--------- --------- ----------

2390 Outstanding, end of year...... 9 7 22
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from loan guarantees committed in 1992 and beyond (including
modifications of loan guarantees that resulted from commitments in any
year). The amounts in this account are a means of financing and are not
included in the budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 71-4075-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 24 60 161 286
1206 Non-Federal assets: Receivables,
net............................. 2 4 6 19
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:

1501 Defaulted guaranteed loans
receivable, gross............. 9 7 7 20
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............ 9 7 7 20
------------ -------------- ------------ -------------
1999 Total assets.................... 35 71 174 325
LIABILITIES:
2103 Federal liabilities: Debt......... 4 4 4
Non-Federal liabilities:

2204 Liabilities for loan guarantees. 17 36 113 147
2207 Other........................... 8 19 23 29
------------ -------------- ------------ -------------
2999 Total liabilities............... 29 59 140 176
NET POSITION:
3300 Cumulative results of operations.. 6 12 34 149
------------ -------------- ------------ -------------
3999 Total net position.............. 6 12 34 149
------------ -------------- ------------ -------------
4999 Total liabilities and net position 35 71 174 325
-----------------------------------------------------------------------------------------------
\1\ Enacted limitation was for both direct and guaranteed loans
combined. This level is the expected guaranteed loan amount from that
limitation.

Overseas Private Investment Corporation Liquidating Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Expenses.......................... 1 4 4
00.12 Guaranty provisions/claim payments 15 15
--------- --------- ----------

10.00 Total obligations............... 1 19 19
----------------------------------------------------------------------------

Budgetary resources available for obligation:
Unobligated balance available, start of year:

21.90 Fund balance.................... 92 146 145
21.91 U.S. Securities: Par value...... 35 35 35
--------- --------- ----------

21.99 Total unobligated balance,
start of year............... 127 181 180
22.00 New budget authority (gross)...... 52 15 15
22.10 Resources available from
recoveries of prior year
obligations..................... 3 3 3
--------- --------- ----------

[[Page 107]]

23.90 Total budgetary resources
available for obligation...... 182 199 198
23.95 New obligations................... -1 -19 -19
Unobligated balance available, end of year:

24.90 Fund balance.................... 146 145 144
24.91 Par value....................... 35 35 35
--------- --------- ----------

24.99 Total unobligated balance, end
of year....................... 181 180 179
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 52 15 15
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 35 15 12
73.10 New obligations................... 1 19 19
73.20 Total outlays (gross)............. -18 -19 -19
73.45 Adjustments in unexpired accounts. -3 -3 -3
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 15 12 9
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 18 19 19
--------- --------- ----------

87.00 Total outlays (gross)........... 18 19 19
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
88.20 Interest on U.S. securities... -3 -3 -3
88.40 Non-Federal sources........... -49 -15 -15
--------- --------- ----------

88.90 Total, offsetting
collections (cash)........ -52 -18 -18
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -3 -3
90.00 Outlays........................... -34 1 1
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 39 28 23
1251 Repayments: Repayments and
prepayments..................... -11 -5 -6
1264 Write-offs for default: Other
adjustments, net................
--------- --------- ----------

1290 Outstanding, end of year........ 28 23 17
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 356 287 218
2251 Repayments and prepayments........ -50 -55 -54
2264 Adjustments: Other adjustments,
net............................. -19 -14 -7
--------- --------- ----------

2290 Outstanding, end of year........ 287 218 157
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 287 218 157
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records, for this program, all cash flows to and from the Government
resulting from direct loans obligated and loan guarantees committed
prior to 1992. This account is shown on a cash basis. All new activity
in this program in 1992 and beyond (including modifications of direct
loans or loan guarantees that resulted from obligations or commitments
in any year) is recorded in corresponding program, financing, and
noncredit accounts.

Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 17 52 53 53
0102 Expense........................... -1 -18 -2
------------ -------------- ------------ -------------
0109 Net income or loss (-)............ 16 34 51 53
-----------------------------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

1101 Fund balances with Treasury..... 39 92 146 145
Investments in US securities:
1102 Treasury securities, par...... 35 35 35 35
1106 Receivables, net.............. 1 1 1 1
1206 Non-Federal assets: Receivables,
net............................. 4 4 3 3
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:

1601 Direct loans, gross............. 39 28 23 17
1603 Allowance for estimated
uncollectible loans and
interest (-).................. -7 -7 -7 -7
1604 Direct loans and interest
receivable, net............... 32 21 16 10
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 32 21 16 10
1706 Foreclosed property............. 47 47 20 15
------------ -------------- ------------ -------------
1999 Total assets.................... 158 200 221 209
LIABILITIES:
2207 Non-Federal liabilities: Other.... 26 20 20 20
------------ -------------- ------------ -------------
2999 Total liabilities............... 26 20 20 20
NET POSITION:
3200 Invested capital.................. 50 50 50 50
3300 Cumulative results of operations.. 82 130 151 139
------------ -------------- ------------ -------------
3999 Total net position.............. 132 180 201 189
------------ -------------- ------------ -------------
4999 Total liabilities and net position 158 200 221 209
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
43.0 Interest and dividends............ 1 19 19
99.0 Subtotal, reimbursable obligations 1 19 19
---------------------------------------------------------------------------

Trade and Development Agency

Federal Funds

General and special funds:

trade and development agency

For necessary expenses to carry out [the provisions of] section 661
of the Foreign Assistance Act of 1961, $40,000,000[: Provided, That the
Trade and Development Agency may receive reimbursements from
corporations and other entities for the costs of grants for feasibility
studies and other project planning services, to be deposited as an
offsetting collection to this account and to be available for obligation
until September 30, 1997, for necessary expenses under this paragraph:
Provided further, That such reimbursements shall not cover, or be
allocated against, direct or indirect administrative costs of the
agency] to remain available for obligation until September 30, 1998, of
which not to exceed $5,000 shall be available for official reception and
representation expenses. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1996.)

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations................. 63 48 51
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Treasury balance. 14 8 12
22.00 New budget authority (gross)...... 57 50 45
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 71 58 57
23.95 New obligations................... -63 -48 -51
24.40 Unobligated balance available, end
of year: Uninvested balance..... 8 12 6
----------------------------------------------------------------------------

[[Page 108]]

New budget authority (gross), detail:
40.00 Appropriation..................... 40 40 40
42.00 Transferred from Assistance for
NIS............................. 17 10 5
--------- --------- ----------

43.00 Appropriation (total)........... 57 50 45
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 57 50 45
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 62 76 69
73.10 New obligations................... 63 48 51
73.20 Total outlays (gross)............. -48 -55 -52
73.40 Adjustments in expired accounts... -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 76 69 68
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 10 13 12
86.93 Outlays from current balances..... 38 42 40
--------- --------- ----------

87.00 Total outlays (gross)........... 48 55 52
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 57 50 45
90.00 Outlays........................... 48 55 52
---------------------------------------------------------------------------

These funds are for the costs of the U.S. Trade and Development
Agency (TDA), including program costs of grants for feasibility studies
and other project-related activities, and those of managing the TDA
programs, such as salaries and expenses of direct hire personnel and
obtaining the services of consultants. TDA finances these activities for
major projects in the developing world to foster economic development
and to encourage the use of U.S. technology, goods, and services in
project implementation.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 2 2 2
12.1 Civilian personnel benefits....... 1 1 1
25.1 Advisory and assistance services.. 1 1 1
41.0 Grants, subsidies, and
contributions................... 58 43 46
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------

99.9 Total obligations............... 63 48 51
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 33 38 38
---------------------------------------------------------------------------

Peace Corps

Federal Funds

General and special funds:

peace corps

For expenses necessary to carry out the provisions of the Peace
Corps Act (75 Stat. 612), [$205,000,000] $220,000,000, including the
purchase of not to exceed five passenger motor vehicles for
administrative purposes for use outside of the United States: Provided,
That none of the funds appropriated under this heading shall be used to
pay for abortions: Provided further, That funds appropriated under this
heading shall remain available until September 30, [1997] 1998. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1996.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
Direct program:

00.01 Africa Region................... 55 53 52
00.02 Asia Pacific Region............. 19 18 18
00.03 Europe, Central Asia, and
Mediterranean................. 29 27 28
00.04 Inter-American Region........... 29 31 30
00.05 Other Volunteer Support......... 100 95 97
--------- --------- ----------

00.91 Total direct program.......... 232 224 225
01.01 Reimbursable program.............. 8 8 7
--------- --------- ----------

10.00 Total obligations............... 240 232 232
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 7 6
22.00 New budget authority (gross)...... 239 226 232
22.10 Resources available from
recoveries of prior year
obligations..................... 2
22.30 Unobligated balance expiring...... -1
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 247 232 232
23.95 New obligations................... -240 -232 -232
24.40 Unobligated balance available, end
of year: Uninvested balance..... 6
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 219 205 220
42.00 Transferred from other accounts. 12 13 5
--------- --------- ----------

43.00 Appropriation (total)......... 231 218 225
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 8 8 7
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 239 226 232
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 63 61 59
73.10 New obligations................... 240 232 232
73.20 Total outlays (gross)............. -241 -234 -232
73.40 Adjustments in expired accounts... 1
73.45 Adjustments in unexpired accounts. -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 61 59 59
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 180 174 180
86.93 Outlays from current balances..... 54 51 45
86.97 Outlays from new permanent
authority....................... 8 8 7
--------- --------- ----------

87.00 Total outlays (gross)........... 241 234 232
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.00 Offsetting collections (cash)
from: Federal sources......... -8 -8 -7
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 231 218 225
90.00 Outlays........................... 234 226 225
---------------------------------------------------------------------------

Peace Corps operating expenses will provide direct and indirect
support for approximately 7,000 Americans engaged in voluntary services
in 93 countries worldwide in 1996. The Volunteers help fill the trained
manpower needs of developing countries and encourage self-sustaining
development of skilled manpower. Peace Corps promotes mutual
understanding between the peoples of the developing world and the United
States and focuses the attention of the American people on the concepts
of voluntarism and self-help at the grassroots level.

Africa Region.--The Africa Region will support 1,290 new trainees
and an average of 2,351 Volunteers during 1996. These Volunteers and
trainees will work in 32 sub-Saharan countries, in the areas of
agriculture, education, economic development, health, and environment.

[[Page 109]]

Asia Pacific Region.--In 1996 an average of 794 Volunteers will work
in this diverse region, with Peace Corps programs in 17 countries
ranging from Nepal to nations in the Pacific. This office will support
436 new trainees in programs mainly in the areas of education, health
and environment.

Europe, Central Asia, and Mediterranean.--In 1996 an average of
1,351 Volunteers will work in 20 countries in Eastern and Central
Europe, the former Soviet Unions, and North Africa. The region will
support 789 new trainees, who will work primarily in education, economic
development, and environment.

Inter-American Region.--An average of 1,795 Volunteers will work in
24 countries in the Caribbean, Central America, and South America, in
the areas of environment, agriculture, economic development, education,
and health. This office will also fund 922 new trainees in 1996.

Other Volunteer Support.--These activities fund a wide range of
Volunteer- and program-related costs, including medical support for
Volunteers, recruitment and placement, technical resources, domestic
programs, policy and direction, and related administration and
oversight.

Object Classification (in millions of dollars)

Direct obligations:

Personnel compensation:
11.1 Full-time permanent........... 46 45 44
11.3 Other than full-time permanent 1 1 1
11.5 Other personnel compensation.. 1 1 1
11.8 Trainees and volunteers....... 20 21 20
--------- --------- ----------

11.9 Total personnel compensation 68 68 66
12.1 Civilian personnel benefits..... 41 43 43
13.0 Benefits for former personnel... 1 1 1
21.0 Travel and transportation of
persons....................... 27 26 27
22.0 Transportation of things........ 3 3 4
23.1 Rental payments to GSA.......... 6 6 6
23.2 Rental payments to others....... 7 7 8
23.3 Communications, utilities, and
miscellaneous charges......... 7 7 7
24.0 Printing and reproduction....... 1 1 1
25.2 Other services.................. 40 37 37
25.6 Medical care.................... 13 12 12
26.0 Supplies and materials.......... 10 8 7
31.0 Equipment....................... 7 5 5
--------- --------- ----------

99.0 Subtotal, direct obligations.. 231 224 224
99.0 Reimbursable obligations.......... 7 7 6
99.5 Below reporting threshold......... 2 1 2
--------- --------- ----------

99.9 Total obligations............... 240 232 232
---------------------------------------------------------------------------

Personnel Summary

1001 Full-time equivalent employment. 1,160 1,202 1,207
1005 Full-time equivalent of overtime
and holiday hours............. 4 4 4
Reimbursable:
2001 Total compensable workyears: Full-
time equivalent employment...... 5 5 5
---------------------------------------------------------------------------

Peace Corps Miscellaneous Trust Funds

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............
Receipts:
02.01 Miscellaneous trust funds, Peace
Corps........................... 1 1 1
Appropriation:
05.01 Peace Corps miscellaneous trust
fund............................ -1 -1 -1
07.99 Total balance, end of year........
---------------------------------------------------------------------------

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations (object class
26.0)........................... 1 1 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 2 2 2
22.00 New budget authority (gross)...... 1 1 1
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 3 3 3
23.95 New obligations................... -1 -1 -1
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2 2 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 1 1 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 1 1 1
--------- --------- ----------

87.00 Total outlays (gross)........... 1 1 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 1 1 1
90.00 Outlays........................... 1 1 1
---------------------------------------------------------------------------

Miscellaneous contributions received by gift, devise, bequest, or
from foreign governments are used in furtherance of the program, as
authorized by 22 U.S.C. 2509(a)(3) (75 Stat. 612, as amended). Trust
funds also include a fund to pay separation costs for Foreign Service
National employees of the Peace Corps in those countries in which such
pay is legally authorized. The fund, as authorized by Public Law 102-
138, is maintained by annual Government contributions which are
appropriated in the Peace Corps salaries and expenses account.

Personnel Summary

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 3 3 3
---------------------------------------------------------------------------

Inter-American Foundation

Federal Funds

General and special funds:

inter-american foundation

For expenses necessary to carry out the functions of
the Inter-American Foundation in accordance with the
provisions of section 401 of the Foreign Assistance Act of
1969, and to make such contracts and commitments without
regard to fiscal year limitations, as provided by 31 U.S.C.
9104, $20,000,000.

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Development Grants................ 23 19 17
00.02 Development Research and
Evaluation...................... 1 1 1
00.03 In-country Support................ 4 4 3
00.04 Program Management and Operation.. 8 7 7
--------- --------- ----------

10.00 Total obligations............... 36 31 28
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 11 8 7
22.00 New budget authority (gross)...... 33 30 28
--------- --------- ----------

[[Page 110]]

23.90 Total budgetary resources
available for obligation...... 44 38 35
23.95 New obligations................... -36 -31 -28
24.90 Unobligated balance available, end
of year: Fund balance........... 8 7 7
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 31 20 20
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 2 10 8
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 33 30 28
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 27 28 18
73.10 New obligations................... 36 31 28
73.20 Total outlays (gross)............. -36 -41 -38
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 28 18 8
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 19 10 10
86.93 Outlays from current balances..... 14 21 14
86.97 Outlays from new permanent
authority....................... 2 3 3
86.98 Outlays from permanent balances... 7 11
--------- --------- ----------

87.00 Total outlays (gross)........... 36 41 38
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.00 Offsetting collections (cash)
from: Federal sources......... -2 -10 -8
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 31 20 20
90.00 Outlays........................... 33 31 30
---------------------------------------------------------------------------

Established by the 1969 Foreign Assistance Act, the Inter-American
Foundation supports grassroots development initiatives in Latin America
and the Caribbean with a direct impact on the lives and the capacity for
self reliance of people at the lowest economic levels. In addition to
appropriations and private gifts, the Foundation is funded by annual
transfers from the Social Progress Trust Fund administered by the Inter-
American Development Bank. In FY 1997, the IAF will adopt a new
strategic programming approach to help grassroots organizations gain
greater access to local public and private sector resources. Through its
resource mobilization initiative, IAF will shift away from grants for
individual projects to promote support for regional and country level
grassroots development networks and consortia. These new regional
structures build on local capacity and attract national and
international co-financing partners, increasing the self-sufficiency and
scale of grassroots development and lessen dependance on U.S.
development aid. Using the Grassroots Development Framework, the
Foundation will evaluate its results data collection system and make
improvements as indicated, it will also disseminate the results
assessment system to partner organizations in the region and other
donors and grassroots practioners in general.

Development Grants.--This activity includes the cost of all grants
made directly to grassroots membership and service organizations to
carry out development projects in Latin America and the Caribbean. In
1997, the Foundation plans to award approximately 160 grants and 190
grant supplements in 28 countries.

Development Research and Evaluation.--This activity funds grants and
fellowships for grassroots development research and for the evaluation
of the Foundation's projects.

In-country Support.--Resources associated with this activity are
used by local development professionals in Latin America and the
Caribbean to provide grantees with technical assistance and training
when necessary to conduct and assess the results of their projects.

Program Management and Operation.--This activity includes Foundation
expenses for salaries and benefits, travel expenses, rent, publication
costs and service contracts, and other support costs.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 4 4 4
12.1 Civilian personnel benefits....... 1 1 1
21.0 Travel and transportation of
persons......................... 1 1
23.2 Rental payments to others......... 1 1 1
25.1 Advisory and assistance services.. 5 4 4
41.0 Grants, subsidies, and
contributions................... 24 19 18
99.5 Below reporting threshold......... 1
--------- --------- ----------

99.9 Total obligations............... 36 31 28
---------------------------------------------------------------------------

Personnel Summary

African Development Foundation

Federal Funds

General and special funds:

african development foundation

For necessary expenses to carry out the provisions
of Title V of the International Security and Development
Cooperation Act of 1980, Public Law 96-533, and to make such
contracts and commitments without regard to fiscal year
limitations, as provided by 31 U.S.C. 9104, $12,500,000:
Provided, That when, with the permission of the President of
the Foundation, funds made available to a grantee are
invested pending disbursement, the resulting interest is not
required to be deposited in the United States Treasury if
the grantee uses the resulting interest for the purpose for
which the grant was made: Provided further, That this
provision applies with respect to both interest earned
before and interest earned after the enactment of this
provision: Provided further, That notwithstanding section
505(a)(2) of the African Development Foundation Act, in
exceptional circumstances the board of directors of the
Foundation may waive the $250,000 limitation contained in
that section with respect to a project: Provided further,
That the Foundation shall provide a report to the Committees
on Appropriations after each time such waiver authority is
exercised.

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Development Grants................ 9 5 7
00.02 Development Research and
Dissemination................... 1 1 1
00.03 In-country Support................ 2 2 2
00.04 Program Management and Operation.. 5 4 3
--------- --------- ----------

10.00 Total obligations............... 17 12 13
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 17 12 13
23.95 New obligations................... -17 -12 -13
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 17 12 13
----------------------------------------------------------------------------

[[Page 111]]

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 16 17 14
73.10 New obligations................... 17 12 13
73.20 Total outlays (gross)............. -16 -15 -14
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 17 14 14
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 7 5 6
86.93 Outlays from current balances..... 9 10 8
--------- --------- ----------

87.00 Total outlays (gross)........... 16 15 14
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 17 12 13
90.00 Outlays........................... 16 15 14
---------------------------------------------------------------------------

The African Development Foundation is a public corporation whose
mission is to help reduce poverty and promote sustainable development in
Africa by assisting grassroots organizations and communities. The
Foundation uses an innovative participatory methodology which expands
the capabilities of its grantees to assure positive development outcomes
for their constituents and surrounding grassroots communities in Africa.
Through small grants made directly to private organizations in Africa,
the Foundation promotes sustainable, self-reliant development and
demonstrates the efficiency of its participatory approach in a variety
of settings, from rural villages to the academic community.
Organizations receiving support from the Foundation are carefully
selected to assure that they are responsible for the design,
implementation, and management of their projects. The processes they use
for decisionmaking and problem solving are documented and disseminated
to parties interested in development.

Over the past year, the Foundation has taken significant steps to
reduce its operating costs and to streamline its operations, while
improving its focus and impact. In 1997, the Foundation plans to fund
projects in 16-18 African countries.

Development Grants.--Funds associated with this activity are used to
award grants to African grassroots organizations to fund self-directed
development projects.

Development Research and Dissemination.--This activity represents
grants awarded to African researchers to carry out practical research on
local development problems and to disseminate the lessons learned from
this research and from the Foundation's other development activities.

In-Country Support.--Funds included in this activity are used to
fund technical assistance and other support by African professionals to
Foundation-funded grant projects.

Program Management and Operation.--This activity includes expenses
for staff salaries and benefits, rent, travel, communications and other
support costs.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 2 2 2
12.1 Civilian personnel benefits....... 1 1
41.0 Grants, subsidies, and
contributions................... 12 7 9
99.5 Below reporting threshold......... 2 2 2
--------- --------- ----------

99.9 Total obligations............... 17 12 13
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 49 30 30
---------------------------------------------------------------------------

INTERNATIONAL MONETARY PROGRAMS

Federal Funds

General and special funds:

United States Quota, International Monetary Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0003-0-1-155 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.02 Valuation adjustment on IMF
reserve position................ 2,721
--------- --------- ----------

10.00 Total obligations (object class
33.0)......................... 2,721
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 11,232 15,827 15,827
22.00 New budget authority (gross)...... 2,721
22.10 Resources available from
recoveries of prior year
obligations..................... 4,596
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 18,549 15,827 15,827
23.95 New obligations................... -2,721
24.40 Unobligated balance available, end
of year: Uninvested balance..... 15,827 15,827 15,827
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 2,721
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 26,760 25,170 25,170
73.10 New obligations................... 2,721
73.20 Total outlays (gross)............. 284
73.45 Adjustments in unexpired accounts. -4,596
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 25,170 25,170 25,170
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... -284
--------- --------- ----------

87.00 Total outlays (gross)........... -284
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 2,721
90.00 Outlays........................... -284
---------------------------------------------------------------------------

As part of a general increase in IMF quota resources, the U.S. quota
was increased in December, 1992 to SDR 26,526.3 billion (about $39
billion). The increase in the U.S. quota involved no net budget outlays.
Similarly, use by the IMF of the quota commitment does not result in net
budget outlays, because the United States receives an increase in its
international monetary reserves corresponding to any transfer of dollars
under the U.S. quota subscription. The United States can use these
interest-bearing reserves automatically to meet a balance of payments
financing need.

Loans to International Monetary Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0074-0-1-155 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 6,260 6,260 6,260
22.00 New budget authority (gross)......
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 6,260 6,260 6,260
23.95 New obligations...................
24.40 Unobligated balance available, end
of year: Uninvested balance..... 6,260 6,260 6,260
----------------------------------------------------------------------------

New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

[[Page 112]]

Change in unpaid obligations:
73.10 New obligations...................
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

The General Arrangements to Borrow (GAB) were established in 1962 by
10 industrial countries, including the United States, as a means of
supplementing the IMF's resources when needed to forestall or cope with
an impairment of the international monetary system. GAB members agreed
in early 1983 to increase their financial commitments to the GAB from
approximately SDR 6.3 billion to SDR 17 billion, with the U.S. share
rising from $2.0 billion to SDR 4.250 billion, approximately $6.4
billion at the October 1995 exchange rate. Financing extended by the
United States under the GAB does not result in any net budget outlays
because the United States receives an increase in its international
reserve assets corresponding to any transfer to the IMF under the U.S.
credit line.

During 1994, no calls were made on the U.S. commitment under the
GAB, and no U.S. loans were outstanding at the end of the year.

Contribution To Enhanced Structural Adjustment Facility of the
International Monetary Fund

For payment to the Interest Subsidy Account of the
Enhanced Structural Adjustment Facility of the International
Monetary Fund, $7,000,000, to remain available until
expended.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0005-0-1-155 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Contribution for subsidy.......... 25 7
--------- --------- ----------

10.00 Total obligations (object class
41.0)......................... 25 7
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 25 7
23.95 New obligations................... -25 -7
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 25 7
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 110 116 97
73.10 New obligations................... 25 7
73.20 Total outlays (gross)............. -19 -19 -26
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 116 97 78
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 19 19 26
--------- --------- ----------

87.00 Total outlays (gross)........... 19 19 26
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 25 7
90.00 Outlays........................... 19 19 26
---------------------------------------------------------------------------

The Enhanced Structural Adjustment Facility (ESAF) was created in
1987 to enable the International Monetary Fund to provide balance of
payments assistance on concessional terms to low-income developing
countries with protracted payments problems. Borrowers must be prepared
to adopt multi-year economic and structural reform programs.

The resources of the ESAF are provided through loans to the ESAF
Trust and special interest subsidy contributions by member countries.
Nearly $7.5 billion in concessional loans have been committed under the
original facility. In 1994 the IMF membership agreed to a successor
ESAF, bringing the total loan amount available to roughly $15 billion.
Loans are disbursed over a three-year period with repayments ending 10
years from the date of disbursement. The interest subsidy contributions
underwrite a 0.5 percent concessional rate of interest.

The Congress approved $150 million for the U.S. contribution to the
initial ESAF interest subsidy account. The Administration offered to
contribute an additional $100 million to the interest subsidy account of
the enhanced ESAF, with outlays to occur over a 15-year period beginning
in Fiscal Year 1997. Congress authorized and appropriated $25 million in
Fiscal Year 1995. The Administration sought but did not receive $25
million in 1996. The Administration is seeking a reduced amount of $7
million, based on the minimum amount necessary to meet the outlay
commitments, for Fiscal Year 1997. It is also seeking authorization of
the remaining $75 million of the commitment.

MILITARY SALES PROGRAMS

Federal Funds

Public enterprise funds:

Special Defense Acquisition Fund

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations (Purchases of
defense items).................. 26 6 7
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 399 343 198
22.00 New budget authority (gross)......
22.10 Resources available from
recoveries of prior year
obligations..................... 7 2 2
22.40 Capital transfer to general fund.. -37 -142
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 369 203 200
23.95 New obligations................... -26 -6 -7
24.90 Unobligated balance available, end
of year: Fund balance........... 343 198 193
----------------------------------------------------------------------------

New budget authority (gross), detail:
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 245 178 166
68.27 Capital transfer to general fund -245 -178 -166
--------- --------- ----------

68.90 Spending authority from
offsetting collections
(total).....................
--------- --------- ----------

70.00 Total new budget authority
(gross).......................
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 251 111 65
73.10 New obligations................... 26 6 7
73.20 Total outlays (gross)............. -160 -49 -38
73.45 Adjustments in unexpired accounts. -7 -2 -2
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance:
Uninvested balance.............. 111 65 32
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 160 49 38
--------- --------- ----------

87.00 Total outlays (gross)........... 160 49 38
----------------------------------------------------------------------------

[[Page 113]]

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -245 -178 -166
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -245 -178 -166
90.00 Outlays........................... -86 -129 -128
---------------------------------------------------------------------------

This fund shows the financing transactions related to the transfer
of defense articles and services to foreign countries and international
organizations. This program is being phased out.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 11-4116-0-3-155 1994 actual 1995 actual 1996 est. 1997 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 650 454 253 225
Investments in US securities:
1106 Receivables, net.............. 26 25 25 25
1802 Other Federal assets: Inventories
and related properties.......... 286 204 85 52
------------ -------------- ------------ -------------
1999 Total assets.................... 962 683 363 302
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 8
Non-Federal liabilities:

2201 Accounts payable................ 8
2207 Other........................... 142 161 161 266
------------ -------------- ------------ -------------
2999 Total liabilities............... 158 161 161 266
NET POSITION:
3200 Invested capital.................. 804 522 202 36
------------ -------------- ------------ -------------
3999 Total net position.............. 804 522 202 36
------------ -------------- ------------ -------------
4999 Total liabilities and net position 962 683 363 302
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4116-0-3-155 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
25.2 Other services.................... 6 7
31.0 Equipment......................... 26
--------- --------- ----------

99.9 Total obligations............... 26 6 7
---------------------------------------------------------------------------

Trust Funds

Foreign Military Sales Trust Fund

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Encumbered future receipts, start
of year......................... -16,389 -18,788 -17,818
Receipts:
02.01 Deposits, advances, foreign
military sales.................. 12,469 13,020 12,230
--------- --------- ----------

04.00 Total: Balances and collections... -3,920 -5,768 -5,588
Appropriation:
05.01 Foreign military sales trust fund. -14,868 -12,050 -12,320
07.99 Total balance, end of year........ -18,788 -17,818 -16,478
---------------------------------------------------------------------------

Program and Financing (in millions of dollars)

Obligations by program activity:
Reimbursable activity:

00.01 Military personnel.............. 78 75 68
00.02 Operations and maintenance...... 239 230 208
00.03 Procurement..................... 12,653 10,138 9,123
00.04 Research, development, test, and
evaluation.................... 22 18 16
00.05 Special defense acquisition fund 245 178 166
00.06 Revolving and mgt funds......... 1,167 946 855
00.07 Construction...................... 113 110 99
00.08 Other............................. 351 355 355
--------- --------- ----------

10.00 Total obligations (object class
25.3)......................... 14,868 12,050 10,890
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 14,868 12,050 10,890
23.95 New obligations................... -14,868 -12,050 -10,890
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 12,469 13,020 12,230
60.49 Portion applied to liquidate
contract authority.............. -12,469 -13,020 -12,230
--------- --------- ----------

63.00 Appropriation (total)...........
66.15 Contract authority (indefinite)... 14,868 12,050 10,890
--------- --------- ----------

70.00 Total new budget authority
(gross)....................... 14,868 12,050 10,890
----------------------------------------------------------------------------

Change in unpaid obligations:
Unpaid obligations, start of year:

Obligated balance:
72.40 Appropriation................. 6,410 5,462 5,332
72.49 Contract authority............ 16,389 18,788 17,818
--------- --------- ----------

72.99 Total unpaid obligations,
start of year............... 22,799 24,250 23,150
73.10 New obligations................... 14,868 12,050 10,890
73.20 Total outlays (gross)............. -13,417 -13,150 -12,320
Unpaid obligations, end of year:

Obligated balance:
74.40 Appropriation................. 5,462 5,332 5,242
74.49 Contract authority............ 18,788 17,818 16,478
--------- --------- ----------

74.99 Total unpaid obligations, end
of year..................... 24,250 23,150 21,720
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 1,543 1,512 1,417
86.98 Outlays from permanent balances... 11,874 11,638 10,903
--------- --------- ----------

87.00 Total outlays (gross)........... 13,417 13,150 12,320
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 14,868 12,050 10,890
90.00 Outlays........................... 13,417 13,150 12,320
---------------------------------------------------------------------------

Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Unfunded balance, start of year......... 16,389 18,788 17,818
Contract authority...................... 14,468 12,050 10,890
Appropriation to liquidate contract
authority............................. -12,469 -13,020 -12,230
----------- ----------- ----------
Unfunded balance, end of year........... 18,788 17,818 16,478
----------------------------------------------------------------------------

This trust fund facilitates government-to-government sales of
defense articles, defense services, and design and construction
services. Estimates of sales used in this budget are (in millions of
dollars):

1995 actual 1996 est. 1997 est.
Estimates of new orders (sales)..... 9,054 9,781 9,523

Orders placed through this trust fund can be combined with
procurement for U.S. military departments. The savings are shared by the
United States and foreign governments. The net impact of foreign
military sales on the budget is (in thousands of dollars):

1995 actual 1996 est. 1997 est.
Obligations of the fund............. 14,868 12,050 10,890
Receipts from foreign governments
(appropriation)..................... -12,469 -13,020 -12,230
------------------------------------
Net budget authority............ 2,399 -970 -1,340
====================================
Payments from the fund (outlays).... 13,417 13,150 12,320
Receipts from foreign governments
(appropriation)..................... -12,469 -13,020 -12,230
------------------------------------
Net outlays..................... 947 130 90
====================================

[[Page 114]]

Kuwait Civil Reconstruction Trust Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8238-0-7-155 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
25.2)........................... 2
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 3 3
22.00 New budget authority (gross)......
22.30 Unobligated balance expiring...... -1
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 3 2
23.95 New obligations................... -2
24.40 Unobligated balance available, end
of year: Uninvested balance..... 3
----------------------------------------------------------------------------

New budget authority (gross), detail:
70.00 Total new budget authority (gross)
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 2
--------- --------- ----------

87.00 Total outlays (gross)...........
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

This trust fund was established to show the U.S. costs in helping
the Government of Kuwait survey and assess the cost of repairing its
civil infrastructure. The Government of Kuwait reimburses the United
States with its own funds for all incurred expenses. Any unused funds
will be returned to the Government of Kuwait.

SPECIAL ASSISTANCE FOR CENTRAL AMERICA

Federal Funds

General and special funds:

Demobilization and Transition Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1500-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 14 3
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 17 3
22.00 New budget authority (gross)......
--------- --------- ----------

23.90 Total budgetary resources
available for obligation...... 17 3
23.95 New obligations................... -14 -3
24.40 Unobligated balance available, end
of year: Uninvested balance..... 3
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 18 6 6
73.10 New obligations................... 14 3
73.20 Total outlays (gross)............. -26 -3 -3
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 6 6 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 26 3 3
--------- --------- ----------

87.00 Total outlays (gross)........... 26 3 3
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 26 3 3
---------------------------------------------------------------------------

Funds for this account were transferred from Foreign Military
Financing pursuant to P.L. 101-513, to support costs of demobilization,
retraining, relocation, and reemployment in civilian pursuits of former
combatants in the conflict in El Salvador.

Central American Reconciliation Assistance

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1038-0-1-152 1995 actual 1996 est. 1997 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)......
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1 1 1
73.10 New obligations...................
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1 1 1
----------------------------------------------------------------------------

Outlays (gross), detail:
87.00 Total outlays (gross).............
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

Funds for this account were transferred from the Department of
Defense in accordance with Public Law 101-14 in order to provide
humanitarian assistance to the Nicaraguan democratic resistance.
Adjustments to the account were made in Public Law 101-119 and Public
Law 101-215.

TITLE V--GENERAL PROVISIONS

Obligations During Last Month of Availability

Sec. 501. Except for the appropriations entitled ``International
Disaster Assistance'', and ``United States Emergency Refugee and
Migration Assistance Fund'', not more than 15 per centum of any
appropriation item made available by this Act shall be obligated during
the last month of availability.

Prohibition of Bilateral Funding for International Financial
Institutions

Sec. 502. None of the funds contained in title II of this Act may be
used to carry out the provisions of section 209(d) of the Foreign
Assistance Act of 1961.

Limitation on Residence Expenses

Sec. 503. Of the funds appropriated or made available pursuant to
this Act, not to exceed $126,500 shall be for official residence
expenses of the Agency for International Development during the current
fiscal year: Provided, That appropriate steps shall be taken to assure
that, to the maximum extent possible, United States-owned foreign
currencies are utilized in lieu of dollars.

Limitation on Expenses

Sec. 504. Of the funds appropriated or made available pursuant to
this Act, not to exceed $5,000 shall be for entertainment expenses of
the Agency for International Development during the current fiscal year.

Limitation on Representational Allowances

Sec. 505. Of the funds appropriated or made available pursuant to
this Act, not to exceed $95,000 shall be available for representation
allowances for the Agency for International Development during the
current fiscal year: Provided, That appropriate steps shall be taken to
assure that, to the maximum extent possible, United States-owned foreign
currencies are utilized in lieu of dollars: Provided further,

[[Page 115]]
That of the funds made available by this Act for general costs of
administering military assistance and sales under the heading ``Foreign
Military Financing Program'', not to exceed $2,000 shall be available
for entertainment expenses and not to exceed $50,000 shall be available
for representation allowances: Provided further, That of the funds made
available by this Act under the heading ``International Military
Education and Training'', not to exceed $50,000 shall be available for
entertainment allowances: Provided further, That of the funds made
available by this Act for the Inter-American Foundation, not to exceed
$2,000 shall be available for entertainment and representation
allowances: Provided further, That of the funds made available by this
Act for the Peace Corps, not to exceed a total of $4,000 shall be
available for entertainment expenses: Provided further, That of the
funds made available by this Act under the heading ``Trade and
Development Agency'', not to exceed $2,000 shall be available for
representation and entertainment allowances.

Prohibition on Financing Nuclear Goods

Sec. 506. None of the funds appropriated or made available (other
than funds for ``International Organizations and Programs'') pursuant to
this Act, for carrying out the Foreign Assistance Act of 1961, may be
used, except for purposes of nuclear safety, to finance the export of
nuclear equipment, fuel, or technology.

Prohibition Against Direct Funding for Certain Countries

Sec. 507. None of the funds appropriated or otherwise made available
pursuant to this Act shall be obligated or expended to finance directly
any assistance or reparations to Cuba, Iraq, Libya, North Korea, Iran,
[Serbia,] Sudan, or Syria, unless the President determines that to do so
is in the national interest of the United States: Provided, That for
purposes of this section, the prohibition on obligations or expenditures
shall include direct loans, credits, insurance and guarantees of the
Export-Import Bank or its agents.

Military Coups

Sec. 508. None of the funds appropriated or otherwise made available
pursuant to this Act shall be obligated or expended to finance directly
any assistance to any country whose duly elected Head of Government is
deposed by military coup or decree, unless the President determines that
to do so is in the national interest of the United States: Provided,
That assistance may be resumed to such country if the President
determines and reports to the Committees on Appropriations that
subsequent to the termination of assistance a democratically elected
government has taken office.

Transfers Between Accounts

Sec. 509. None of the funds made available by this Act may be
obligated under an appropriation account to which they were not
appropriated, except for transfers specifically provided for in this
Act, unless the President, prior to the exercise of any authority
contained in the Foreign Assistance Act of 1961 to transfer funds,
consults with and provides a written policy justification to the
Committees on Appropriations of the House of Representatives and the
Senate: Provided, That the exercise of such authority shall be subject
to the regular notification procedures of the Committees on
Appropriations, except for transfers specifically referred to in this
Act.

Deobligation/Reobligation Authority

Sec. 510. (a) Amounts certified pursuant to section 1311 of the
Supplemental Appropriations Act, 1955, as having been obligated against
appropriations heretofore made under the authority of the Foreign
Assistance Act of 1961 for the same general purpose as any of the
headings under title II of this Act are, if deobligated, hereby
continued available for the same period as the respective appropriations
under such headings or until September 30, [1996] 1997, whichever is
later, and for the same general purpose, and for countries within the
same region as originally obligated: Provided, That the Appropriations
Committees of both Houses of the Congress are notified fifteen days in
advance of the [deobligation and] reobligation of such funds in
accordance with regular notification procedures of the Committees on
Appropriations.
(b) Obligated balances of funds appropriated to carry out section 23
of the Arms Export Control Act as of the end of the fiscal year
immediately preceding the current fiscal year are, if deobligated,
hereby continued available during the current fiscal year for the same
purpose under any authority applicable to such appropriations under this
Act: Provided, That the authority of this subsection may not be used in
fiscal year [1996] 1997.

Availability of Funds

Sec. 511. No part of any appropriation contained in this Act shall
remain available for obligation after the expiration of the current
fiscal year unless expressly so provided in this Act: Provided, That
funds appropriated for the purposes of chapters 1, 8 and 11 of part I,
section 667, and chapter 4 of part II of the Foreign Assistance Act of
1961, as amended, and funds provided under the heading ``Assistance for
Eastern Europe and the Baltic States'', shall remain available until
expended if such funds are initially obligated before the expiration of
their respective periods of availability contained in this Act: Provided
further, That, notwithstanding any other provision of this Act, any
funds made available for the purposes of chapter 1 of part I and chapter
4 of part II of the Foreign Assistance Act of 1961 which are allocated
or obligated for cash disbursements in order to address balance of
payments or economic policy reform objectives, shall remain available
until expended: Provided further, That the report required by section
653(a) of the Foreign Assistance Act of 1961 shall designate for each
country, to the extent known at the time of submission of such report,
those funds allocated for cash disbursement for balance of payment and
economic policy reform purposes.

Limitation on Assistance to Countries in Default

Sec. 512. No part of any appropriation contained in this Act shall
be used to furnish assistance to any country which is in default during
a period in excess of one calendar year in payment to the United States
of principal or interest on any loan made to such country by the United
States pursuant to a program for which funds are appropriated under this
Act, unless the President determines that furnishing assistance to such
country is in the national interest of the United States: Provided, That
this section and section 620(q) of the Foreign Assistance Act of 1961
shall not apply to funds made available in this Act or during the
current fiscal year for Nicaragua, and for any narcotics-related
assistance for Colombia, Bolivia, and Peru authorized by the Foreign
Assistance Act of 1961 or the Arms Export Control Act.

[Commerce and Trade]

[Sec. 513. (a) None of the funds appropriated or made available
pursuant to this Act for direct assistance and none of the funds
otherwise made available pursuant to this Act to the Export-Import Bank
and the Overseas Private Investment Corporation shall be obligated or
expended to finance any loan, any assistance or any other financial
commitments for establishing or expanding production of any commodity
for export by any country other than the United States, if the commodity
is likely to be in surplus on world markets at the time the resulting
productive capacity is expected to become operative and if the
assistance will cause substantial injury to United States producers of
the same, similar, or competing commodity: Provided, That such
prohibition shall not apply to the Export-Import Bank if in the judgment
of its Board of Directors the benefits to industry and employment in the
United States are likely to outweigh the injury to United States
producers of the same, similar, or competing commodity, and the Chairman
of the Board so notifies the Committees on Appropriations.]
[(b) None of the funds appropriated by this or any other Act to
carry out chapter 1 of part I of the Foreign Assistance Act of 1961
shall be available for any testing or breeding feasibility study,
variety improvement or introduction, consultancy, publication,
conference, or training in connection with the growth or production in a
foreign country of an agricultural commodity for export which would
compete with a similar commodity grown or produced in the United States:
Provided, That this subsection shall not prohibit--
(1) activities designed to increase food security in developing
countries where such activities will not have a significant impact
in the export of agricultural commodities of the United States; or
(2) research activities intended primarily to benefit American
producers.]

[Surplus Commodities]

[Sec. 514. The Secretary of the Treasury shall instruct the United
States Executive Directors of the International Bank for Reconstruction
and Development, the International Development Association, the
International Finance Corporation, the Inter-American Development Bank,
the International Monetary Fund, the Asian Development Bank, the Inter-
American Investment Corporation, the North American Development Bank,
the European Bank for Reconstruction and

[[Page 116]]
Development, the African Development Bank, and the African Development
Fund to use the voice and vote of the United States to oppose any
assistance by these institutions, using funds appropriated or made
available pursuant to this Act, for the production or extraction of any
commodity or mineral for export, if it is in surplus on world markets
and if the assistance will cause substantial injury to United States
producers of the same, similar, or competing commodity.]

Notification Requirements

Sec. [515] 513. For the purposes of providing the Executive Branch
with the necessary administrative flexibility, none of the funds made
available under this Act for ``Development Assistance'', ``Development
Fund for Africa'', ``International organizations and programs'', ``Trade
and Development Agency'', ``International narcotics control'',
``Assistance for Eastern Europe and the Baltic States'', ``Assistance
for the New Independent States of the Former Soviet Union'', ``Economic
Support Fund'', ``Peacekeeping operations'', ``Operating expenses of the
Agency for International Development'', ``Operating expenses of the
Agency for International Development Office of Inspector General'',
``Nonproliferation and Disarmament Fund'', ``Anti-terrorism
assistance'', ``Foreign Military Financing Program'', ``International
military education and training'', ``Inter-American Foundation'',
``African Development Foundation'', ``Peace Corps'', ``Migration and
refugee assistance'', shall be available for obligation for strategic
objectives, activities, programs, projects, type of materiel assistance,
countries, or other operations not justified or in excess of the amount
justified to the Appropriations Committees for obligation under any of
these specific headings unless the Appropriations Committees of both
Houses of Congress are [previously] notified fifteen days in advance:
Provided, That the President shall not enter into any commitment of
funds appropriated for the purposes of section 23 of the Arms Export
Control Act for the provision of major defense equipment, other than
conventional ammunition, or other major defense items defined to be
aircraft, ships, missiles, or combat vehicles, not previously justified
to Congress or 20 per centum in excess of the quantities justified to
Congress unless the Committees on Appropriations are notified fifteen
days in advance of such commitment: Provided further, That this section
shall not apply to any reprogramming for a strategic objective, an
activity, program, or project under chapter 1 of part I of the Foreign
Assistance Act of 1961 of less than 10 per centum of the amount
previously justified to the Congress for obligation for such activity,
program, or project for the current fiscal year: Provided further, That
the requirements of this section or any similar provision of this or any
other Act [or] including any prior Act requiring notification in
accordance with the regular notification procedures of the Committees on
Appropriations may be waived if failure to do so would pose a
substantial risk to human health [or], welfare or the national interest
of the United States: Provided further, That in case of any such waiver,
notification to the Congress, or the appropriate congressional
committees, shall be provided as early as practicable, but in no event
later than three days after taking the action to which such notification
requirement was applicable, in the context of the circumstances
necessitating such waiver: Provided further, That any notification
provided pursuant to such a waiver shall contain an explanation of the
emergency circumstances.
Drawdowns made pursuant to section 506(a)(2) of the Foreign
Assistance Act of 1961 shall be subject to the regular notification
procedures of the Committees on Appropriations.

Limitation on Availability of Funds for International Organizations and
Programs

Sec. [516] 514. Notwithstanding any other provision of law or of
this Act, none of the funds provided for ``International Organizations
and Programs'' shall be available for the United States proportionate
share, in accordance with section 307(c) of the Foreign Assistance Act
of 1961, for any programs identified in section 307, or for Libya, Iran,
or, at the discretion of the President, Communist countries listed in
section 620(f) of the Foreign Assistance Act of 1961, as amended:
Provided, That, subject to the regular notification procedures of the
Committees on Appropriations, funds appropriated under this Act or any
previously enacted Act making appropriations for foreign operations,
export financing, and related programs, which are returned or not made
available for organizations and programs because of the implementation
of this section or any similar provision of law, shall remain available
for obligation through September 30, 1997.

[Economic Support Fund Assistance for Israel]

[Sec. 517. The Congress finds that progress on the peace process in
the Middle East is vitally important to United States security interests
in the region. The Congress recognizes that, in fulfilling its
obligations under the Treaty of Peace Between the Arab Republic of Egypt
and the State of Israel, done at Washington on March 26, 1979, Israel
incurred severe economic burdens. Furthermore, the Congress recognizes
that an economically and militarily secure Israel serves the security
interests of the United States, for a secure Israel is an Israel which
has the incentive and confidence to continue pursuing the peace process.
Therefore, the Congress declares that, subject to the availability of
appropriations, it is the policy and the intention of the United States
that the funds provided in annual appropriations for the Economic
Support Fund which are allocated to Israel shall not be less than the
annual debt repayment (interest and principal) from Israel to the United
States Government in recognition that such a principle serves United
States interests in the region.]

Prohibition on Funding for Abortions and Involuntary Sterilization

Sec. [518] 515. None of the funds made available to carry out part I
of the Foreign Assistance Act of 1961, as amended, may be used to pay
for the performance of abortions as a method of family planning or to
motivate or coerce any person to practice abortions. None of the funds
made available to carry out part I of the Foreign Assistance Act of
1961, as amended, may be used to pay for the performance of involuntary
sterilization as a method of family planning or to coerce or provide any
financial incentive to any person to undergo sterilizations. None of the
funds made available to carry out part I of the Foreign Assistance Act
of 1961, as amended, may be used to pay for any biomedical research
which relates in whole or in part, to methods of, or the performance of,
abortions or involuntary sterilization as a means of family planning.
None of the funds made available to carry out part I of the Foreign
Assistance Act of 1961, as amended, may be obligated or expended for any
country or organization if the President certifies that the use of these
funds by any such country or organization would violate any of the above
provisions related to abortions and involuntary sterilizations:
Provided, That none of the funds made available under this Act may be
used to lobby for or against abortion.

[Authorization of Population Planning]

[Sec. 518A. Notwithstanding section 526 of this Act, none of the
funds made available in this Act for population planning activities or
other population assistance pursuant to section 104(b) of the Foreign
Assistance Act or any other provision of law, or funds made available in
title IV of this Act as a contribution to the United Nations Population
Fund (UNFPA) may be obligated or expended prior to July 1, 1996, unless
such funding is expressly authorized by law: Provided, That if such
funds are not authorized by law prior to July 1, 1996, funds
appropriated in title II of this Act for population planning activities
or other population assistance may be made available for obligation and
expenditure in an amount not to exceed 65 percent of the total amount
appropriated or otherwise made available by Public Law 103-306 and
Public Law 104-19 for such activities for fiscal year 1995, and funds
appropriated in title IV of this Act as a contribution to the United
Nations Population Fund (UNFPA) may be made available for obligation and
expenditure in an amount not to exceed 65 percent of the total amount
appropriated or otherwise made available by Public Law 103-306 and
Public Law 104-19 for a contribution to UNFPA for fiscal year 1995:
Provided further, That, pursuant to the previous proviso, such funds may
be apportioned only on a monthly basis, beginning July 1, 1996 and
ending September 30, 1997, and such monthly apportionments may not
exceed 6.67 percent of the total available for such activities: Provided
further, That notwithstanding any other provision of this Act, funds
appropriated by this Act for the United Nations Population Fund (UNFPA)
shall remain available for obligation until September 30, 1997.]

[Reporting Requirement]

[Sec. 519. The President shall submit to the Committees on
Appropriations the reports required by section 25(a)(1) of the Arms
Export Control Act.]

[Special Notification Requirements]

[Sec. 520. None of the funds appropriated in this Act shall be
obligated or expended for Colombia, Dominican Republic, Guatemala,

[[Page 117]]
Haiti, Liberia, Nicaragua, Pakistan, Peru, Russia, Sudan, or Zaire
except as provided through the regular notification procedures of the
Committees on Appropriations: Provided, That this section shall not
apply to funds appropriated by this Act to carry out the provisions of
chapter 1 of part I of the Foreign Assistance Act of 1961 that are made
available for Nicaragua.]

Definition of Program, Project, and Activity

Sec. [521] 516. For the purpose of this Act, ``program, project, and
activity'' shall be defined at the Appropriations Act account level and
shall include all Appropriations and Authorizations Acts earmarks,
ceilings, and limitations with the exception that for the following
accounts: Economic Support Fund and Foreign Military Financing Program,
``program, project, and activity'' shall also be considered to include
country, regional, and central program level funding within each such
account; for the development assistance accounts of the Agency for
International Development ``program, project, and activity'' shall also
be considered to include central program level funding, either as (1)
justified to the Congress, or (2) allocated by the executive branch in
accordance with a report, to be provided to the Committees on
Appropriations within thirty days of enactment of this Act, as required
by section 653(a) of the Foreign Assistance Act of 1961.

Child Survival and Aids Activities

Sec. [522] 517. Up to $8,000,000 of the funds made available by this
Act for assistance for family planning, health, child survival, and
AIDS, may be used to reimburse United States Government agencies,
agencies of State governments, institutions of higher learning, and
private and voluntary organizations for the full cost of individuals
(including for the personal services of such individuals) detailed or
assigned to, or contracted by, as the case may be, the Agency for
International Development for the purpose of carrying out family
planning activities, child survival activities and activities relating
to research on, and the treatment and control of, acquired immune
deficiency syndrome in developing countries: Provided, That funds
appropriated by this Act that are made available for child survival
activities or activities relating to research on, and the treatment and
control of, acquired immune deficiency syndrome may be made available
notwithstanding any provision of law that restricts assistance to
foreign countries: Provided further, That funds appropriated by this Act
that are made available for family planning activities may be made
available notwithstanding section 512 of this Act and section 620(q) of
the Foreign Assistance Act of 1961.

Prohibition Against Indirect Funding to Certain Countries

Sec. [523] 518. None of the funds appropriated or otherwise made
available pursuant to this Act shall be obligated to finance indirectly
any assistance or reparations to Cuba, Iraq, Libya, Iran, Syria, North
Korea, or the People's Republic of China, unless the President of the
United States certifies that the withholding of these funds is contrary
to the national interest of the United States.

Reciprocal Leasing

Sec. [524] 519. Section 61(a) of the Arms Export Control Act is
amended by striking out [``1995''] ``1996'' and inserting in lieu
thereof [``1996''] ``1997''.

Notification on Excess Defense Equipment

Sec. [525] 520. Prior to providing excess Department of Defense
articles in accordance with section 516(a) of the Foreign Assistance Act
of 1961, the Department of Defense shall notify the Committees on
Appropriations to the same extent and under the same conditions as are
other committees pursuant to subsection (c) of that section[: Provided,
That before issuing a letter of offer to sell excess defense articles
under the Arms Export Control Act, the Department of Defense shall
notify the Committees on Appropriations in accordance with the regular
notification procedures of such Committees: Provided further, That such
Committees shall also be informed of the original acquisition cost of
such defense articles.].

[Authorization Requirement]

[Sec. 526. Funds appropriated by this Act may be obligated and
expended notwithstanding section 10 of Public Law 91-672 and section 15
of the State Department Basic Authorities Act of 1956.]

Opposition to Assistance to Terrorist Countries by International
Financial Institutions

Sec. [527] 521. (a) Instructions for United States Executive
Directors.--The Secretary of the Treasury [shall] should 521 instruct
the United States Executive Director of each international financial
institution designated in subsection (b), and the Administrator of the
Agency for International Development [shall] should instruct the United
States Executive Director of the International Fund for Agriculture
Development, to use the voice and vote of the United States to oppose
any loan or other use of the funds of the respective institution to or
for a country for which the Secretary of State has made a determination
under section 6(j) of the Export Administration Act of 1979.
(b) Definition.--For purposes of this section, the term
``international financial institution'' includes--
(1) the International Bank for Reconstruction and Development,
the International Development Association, and the International
Monetary Fund; and
(2) wherever applicable, the Inter-American Development Bank,
the Asian Development Bank, the African Development Bank, the
African Development Fund, and the European Bank for Reconstruction
and Development.

Prohibition on Bilateral Assistance to Terrorist Countries

Sec. [527A] 522. (a) [Notwithstanding any other provision of law,
funds] Funds appropriated for bilateral assistance under any heading of
this Act and funds appropriated under any such heading in a provision of
law enacted prior to enactment of this Act, shall not be made available
to any country which the President determines--
(1) grants sanctuary from prosecution to any individual or group
which has committed an act of international terrorism, or
(2) otherwise supports international terrorism.
(b) The President may waive the application of subsection (a) to a
country if the President determines that national security or
humanitarian reasons justify such waiver. The President shall publish
each waiver in the Federal Register and, at least fifteen days before
the waiver takes effect, shall notify the Committees on Appropriations
of the waiver (including the justification for the waiver) in accordance
with the regular notification procedures of the Committees on
Appropriations.

Commercial Leasing of Defense Articles

Sec. [528] 523. Notwithstanding any other provision of law, and
subject to the regular notification requirements of the Committees on
Appropriations, the authority of section 23(a) of the Arms Export
Control Act may be used to provide financing to Israel, Egypt and NATO
and major non-NATO allies for the procurement by leasing (including
leasing with an option to purchase) of defense articles from United
States commercial suppliers, not including Major Defense Equipment
(other than helicopters and other types of aircraft having possible
civilian application), if the President determines that there are
compelling foreign policy or national security reasons for those defense
articles being provided by commercial lease rather than by government-
to-government sale under such Act.

[Competitive Insurance]

[Sec. 528A. All Agency for International Development contracts and
solicitations, and subcontracts entered into under such contracts, shall
include a clause requiring that United States insurance companies have a
fair opportunity to bid for insurance when such insurance is necessary
or appropriate.]

[Stingers in the Persian Gulf Region]

[Sec. 529. Except as provided in section 581 of the Foreign
Operations, Export Financing, and Related Programs Appropriations Act,
1990, the United States may not sell or otherwise make available any
Stingers to any country bordering the Persian Gulf under the Arms Export
Control Act or chapter 2 of part II of the Foreign Assistance Act of
1961.]

Debt-for-Development

Sec. [530] 524. In order to enhance the continued participation of
nongovernmental organizations in economic assistance activities under
the Foreign Assistance Act of 1961, including endowments, debt-for-
development and debt-for-nature exchanges, a nongovernmental
organization which is a grantee or contractor of the Agency for
International Development may place in interest bearing accounts funds
made available under this Act or prior Acts or local currencies which
accrue to that organization as a result of economic assistance provided
under title II of this Act and any interest earned on such investment
may be used for the purpose for which the assistance was provided to
that organization.

[[Page 118]]

[Competitive Pricing for Sales of Defense Articles]

[Sec. 531A. (a) Costing Basis.--Section 22 of the Arms Export
Control Act (22 U.S.C. 2762) is amended by adding at the end the
following:
``(d) Competitive Pricing.--Procurement contracts made in
implementation of sales under this section for defense articles and
defense services wholly paid for from funds made available on a
nonrepayable basis shall be priced on the same costing basis with regard
to profit, overhead, independent research and development, bid and
proposal, and other costing elements, as is applicable to procurements
of like items purchased by the Department of Defense for its own
use.''.]
[(b) Effective Date and Implementing Regulations.--Section 22(d) of
the Arms Export Control Act, as added by subsection (a)--
(1) shall take effect on the 60th day following the date of the
enactment of this Act;
(2) shall be applicable only to contracts made in implementation
of sales made after such effective date; and
(3) shall be implemented by revised procurement regulations,
which shall be issued prior to such effective date.]
[(c) Direct Costs Allowable.--Direct costs associated with meeting a
foreign customer's additional or unique requirements will continue to be
allowable under such contracts. Loadings applicable to such direct costs
shall be permitted at the same rates applicable to procurement of like
items purchased by the Department of Defense for its own use.]

[Stockpiles of Defense Articles]

[Sec. 531B. (a) Limitation on Value of Additions.--Section 514(b)(1)
of the Foreign Assistance Act of 1961 (22 U.S.C. 2321h(b)(1)) is amended
by inserting ``or in the implementation of agreements with Israel''
after ``North Atlantic Treaty Organization''.]
[(b) Additions in Fiscal Years 1996 and 1997.--Section 514(b)(2) of
such Act (22 U.S.C. 2321h(b)(2)) is amended to read as follows:
``(2)(A) The value of such additions to stockpiles of defense
articles in foreign countries shall not exceed $50,000,000 for each of
the fiscal years 1996 and 1997.
``(B) Of the amount specified in subparagraph (A) for each of the
fiscal years 1996 and 1997, not more than $40,000,000 may be made
available for stockpiles in the Republic of Korea and not more than
$10,000,000 may be made available for stockpiles in Thailand.''.]
[(c) Location of Stockpiles of Defense Authorities.--Section 514(c)
of such Act (22 U.S.C. 2321h(c)) is amended to read as follows:
``(c) Location of Stockpiles of Defense Articles.--
``(1) Limitation.--Except as provided in paragraph (2), no
stockpile of defense articles may be located outside the boundaries
of a United States military base or a military base used primarily
by the United States.
``(2) Exceptions.--Paragraph (1) shall not apply with respect to
stockpiles of defense articles located in the Republic of Korea,
Thailand, any country that is a member of the North Atlantic Treaty
Organization, any country that is a major non-NATO ally, or any
other country the President may designate. At least 15 days before
designating a country pursuant to the last clause of the preceding
sentence, the President shall notify the congressional committees
specified in section 634A(a) in accordance with the procedures
applicable to reprogramming notifications under that section.''.]

[Separate Accounts]

[Sec. 532. (a) Separate Accounts for Local Currencies.--(1) If
assistance is furnished to the government of a foreign country under
chapters 1 and 10 of part I or chapter 4 of part II of the Foreign
Assistance Act of 1961 under agreements which result in the generation
of local currencies of that country, the Administrator of the Agency for
International Development shall--
(A) require that local currencies be deposited in a separate
account established by that government;
(B) enter into an agreement with that government which sets
forth--
(i) the amount of the local currencies to be generated, and
(ii) the terms and conditions under which the currencies so
deposited may be utilized, consistent with this section; and
(C) establish by agreement with that government the
responsibilities of the Agency for International Development and
that government to monitor and account for deposits into and
disbursements from the separate account.
(2) Uses of Local Currencies.--As may be agreed upon with the
foreign government, local currencies deposited in a separate account
pursuant to subsection (a), or an equivalent amount of local currencies,
shall be used only--
(A) to carry out chapters 1 or 10 of part I or chapter 4 of part
II (as the case may be), for such purposes as--
(i) project and sector assistance activities, or
(ii) debt and deficit financing; or
(B) for the administrative requirements of the United States
Government.
(3) Programming Accountability.--The Agency for International
Development shall take all appropriate steps to ensure that the
equivalent of the local currencies disbursed pursuant to subsection
(a)(2)(A) from the separate account established pursuant to subsection
(a)(1) are used for the purposes agreed upon pursuant to subsection
(a)(2).
(4) Termination of Assistance Programs.--Upon termination of
assistance to a country under chapters 1 or 10 of part I or chapter 4 of
part II (as the case may be), any unencumbered balances of funds which
remain in a separate account established pursuant to subsection (a)
shall be disposed of for such purposes as may be agreed to by the
government of that country and the United States Government.
(5) Conforming Amendments.--The provisions of this subsection shall
supersede the tenth and eleventh provisos contained under the heading
``Sub-Saharan Africa, Development Assistance'' as included in the
Foreign Operations, Export Financing, and Related Programs
Appropriations Act, 1989 and sections 531(d) and 609 of the Foreign
Assistance Act of 1961.]
[(b) Separate Accounts for Cash Transfers.--(1) If assistance is
made available to the government of a foreign country, under chapters 1
or 10 of part I or chapter 4 of part II of the Foreign Assistance Act of
1961, as cash transfer assistance or as nonproject sector assistance,
that country shall be required to maintain such funds in a separate
account and not commingle them with any other funds.
(2) Applicability of Other Provisions of Law.--Such funds may be
obligated and expended notwithstanding provisions of law which are
inconsistent with the nature of this assistance including provisions
which are referenced in the Joint Explanatory Statement of the Committee
of Conference accompanying House Joint Resolution 648 (H. Report No. 98-
1159).
(3) Notification.--At least fifteen days prior to obligating any
such cash transfer or nonproject sector assistance, the President shall
submit a notification through the regular notification procedures of the
Committees on Appropriations, which shall include a detailed description
of how the funds proposed to be made available will be used, with a
discussion of the United States interests that will be served by the
assistance (including, as appropriate, a description of the economic
policy reforms that will be promoted by such assistance).
(4) Exemption.--Nonproject sector assistance funds may be exempt
from the requirements of subsection (b)(1) only through the notification
procedures of the Committees on Appropriations.]

Compensation for United States Executive Directors to International
Financial Institutions

Sec. [533] 525. (a) No funds appropriated by this Act may be made as
payment to any international financial institution while the United
States Executive Director to such institution is compensated by the
institution at a rate which, together with whatever compensation such
Director receives from the United States, is in excess of the rate
provided for an individual occupying a position at level IV of the
Executive Schedule under section 5315 of title 5, United States Code, or
while any alternate United States Director to such institution is
compensated by the institution at a rate in excess of the rate provided
for an individual occupying a position at level V of the Executive
Schedule under section 5316 of title 5, United States Code.
(b) For purposes of this section, ``international financial
institutions'' are: the International Bank for Reconstruction and
Development, the Inter-American Development Bank, the Asian Development
Bank, the Asian Development Fund, the African Development Bank, the
African Development Fund, the International Monetary Fund, the North
American Development Bank, and the European Bank for Reconstruction and
Development.

Compliance With United Nations Sanctions Against Iraq

Sec. [534] 526. (a) Denial of Assistance.--None of the funds
appropriated or otherwise made available pursuant to this Act to carry
out the Foreign Assistance Act of 1961 (including title IV of

[[Page 119]]
chapter 2 of part I, relating to the Overseas Private Investment
Corporation) or the Arms Export Control Act may be used to provide
assistance to any country that is not in compliance with the United
Nations Security Council sanctions against Iraq, Serbia or Montenegro
unless the President determines and so certifies to the Congress that--
(1) such assistance is in the national interest of the United
States;
(2) such assistance will directly benefit the needy people in
that country; or
(3) the assistance to be provided will be humanitarian
assistance for foreign nationals who have fled Iraq and Kuwait.
(b) Import Sanctions.--If the President considers that the taking of
such action would promote the effectiveness of the economic sanctions of
the United Nations and the United States imposed with respect to Iraq,
Serbia, or Montenegro, as the case may be, and is consistent with the
national interest, the President may prohibit, for such a period of time
as he considers appropriate, the importation into the United States of
any or all products of any foreign country that has not prohibited--
(1) the importation of products of Iraq, Serbia, or Montenegro
into its customs territory, and
(2) the export of its products to Iraq, Serbia, or Montenegro,
as the case may be.

POW/MIA Military Drawdown

Sec. [535] 527. (a) Notwithstanding any other provision of law, the
President may direct the drawdown, without reimbursement by the
recipient, of defense articles from the stocks of the Department of
Defense, defense services of the Department of Defense, and military
education and training, of an aggregate value not to exceed $15,000,000
in fiscal year [1996] 1997, as may be necessary to carry out subsection
(b).
(b) Such defense articles, services and training may be provided to
Vietnam, Cambodia and Laos, under subsection (a) as the President
determines are necessary to support efforts to locate and repatriate
members of the United States Armed Forces and civilians employed
directly or indirectly by the United States Government who remain
unaccounted for from the Vietnam War, and to ensure the safety of United
States Government personnel engaged in such cooperative efforts and to
support United States Department of Defense-sponsored humanitarian
projects associated with the POW/MIA efforts. Any aircraft shall be
provided under this section only to Laos and only on a lease or loan
basis, but may be provided at no cost notwithstanding section 61 of the
Arms Export Control Act and may be maintained with defense articles,
services and training provided under this section.
(c) The President shall, within sixty days of the end of any fiscal
year in which the authority of subsection (a) is exercised, submit a
report to the Congress which identifies the articles, services, and
training drawn down under this section.

[Mediterranean Excess Defense Articles]

[Sec. 536. During fiscal year 1996, the provisions of section 573(e)
of the Foreign Operations, Export Financing, and Related Programs
Appropriations Act, 1990, shall be applicable, for the period specified
therein, to excess defense articles made available under sections 516
and 519 of the Foreign Assistance Act of 1961.]

[Cash Flow Financing]

[Sec. 537. For each country that has been approved for cash flow
financing (as defined in section 25(d) of the Arms Export Control Act,
as added by section 112(b) of Public Law 99-83) under the Foreign
Military Financing Program, any Letter of Offer and Acceptance or other
purchase agreement, or any amendment thereto, for a procurement in
excess of $100,000,000 that is to be financed in whole or in part with
funds made available under this Act shall be submitted through the
regular notification procedures to the Committees on Appropriations.]

Authorities for the Peace Corps, the Inter-American Foundation and the
African Development Foundation

Sec. [538] 528. Unless expressly provided to the contrary,
provisions of this or any other Act, including provisions contained in
prior Acts authorizing or making appropriations for foreign operations,
export financing, and related programs, shall not be construed to
prohibit activities authorized by or conducted under the Peace Corps
Act, the Inter-American Foundation Act, or the African Development
Foundation Act. The appropriate agency shall promptly report to the
Committees on Appropriations whenever it is conducting activities or is
proposing to conduct activities in a country for which assistance is
prohibited.

Impact on Jobs in the United States

Sec. [539] 529. None of the funds appropriated by this Act may be
obligated or expended to provide--
(a) any financial incentive to a business enterprise currently
located in the United States for the purpose of inducing such an
enterprise to relocate outside the United States if such incentive
or inducement is likely to reduce the number of employees of such
business enterprise in the United States because United States
production is being replaced by such enterprise outside the United
States;
(b) assistance for the purpose of establishing or developing in
a foreign country any export processing zone or designated area in
which the tax, tariff, labor, environment, and safety laws of that
country do not apply, in part or in whole, to activities carried out
within that zone or area, unless the President determines and
certifies that such assistance is not likely to cause a loss of jobs
within the United States; or
(c) assistance for any project or activity that contributes to
the violation of internationally recognized workers rights, as
defined in section 502(a)(4) of the Trade Act of 1974, of workers in
the recipient country, including any designated zone or area in that
country: Provided, That in recognition that the application of this
subsection should be commensurate with the level of development of
the recipient country and sector, the provisions of this subsection
shall not preclude assistance for the informal sector in such
country, micro and small-scale enterprise, and smallholder
agriculture.

Authority to Assist [Bosnia-Hercegovina] Bosnia and Herzegovina

Sec. [540] 530. (a) Congress finds as follows:
(1) The United Nations has imposed an embargo on the transfer of
arms to any country on the territory of the former Yugoslavia.
(2) The federated states of Serbia and Montenegro have a large
supply of military equipment and ammunition and the Serbian forces
fighting the government of [Bosnia-Hercegovina] Bosnia and
Herzegovina have more than one thousand battle tanks, armored
vehicles, and artillery pieces.
(3) Because the United Nations arms embargo is serving to
sustain the military advantage of the aggressor, the United Nations
should exempt the government of [Bosnia-Hercegovina] Bosnia and
Herzegovina from its embargo.
(b) Pursuant to a lifting of the United Nations arms embargo, or to
a unilateral lifting of the arms embargo by the President of the United
States, against [Bosnia-Hercegovina] Bosnia and Herzegovina, the
President is authorized to transfer, subject to prior notification of
the Committees on Appropriations, to the government of that nation,
without reimbursement, defense articles from the stocks of the
Department of Defense and defense services of the Department of Defense
of an aggregate value not to exceed $100,000,000 in fiscal year [1996]
1997: Provided, That the President certifies in a timely fashion to the
Congress that the transfer of such articles would assist that nation in
self-defense and thereby promote the security and stability of the
region.
(c) Within 60 days of any transfer under the authority provided in
subsection (b), and every 60 days thereafter, the President shall report
in writing to the Speaker of the House of Representatives and the
President pro tempore of the Senate concerning the articles transferred
and the disposition thereof.
(d) There are authorized to be appropriated to the President such
sums as may be necessary to reimburse the applicable appropriation,
fund, or account for defense articles provided under this section.

[Restrictions on the Termination of Sanctions Against Serbia and
Montenegro]

[Sec. 540A. (a) Restrictions.--Notwithstanding any other provision
of law, no sanction, prohibition, or requirement described in section
1511 of the National Defense Authorization Act for Fiscal Year 1994
(Public Law 103-160), with respect to Serbia or Montenegro, may cease to
be effective, unless--
(1) the President first submits to the Congress a certification
described in subsection (b); and
(2) the requirements of section 1511 of that Act are met.]
[(b) Certification.--A certification described in this subsection is
a certification that--
(1) there is substantial progress toward--

[[Page 120]]

(A) the realization of a separate identity for Kosova and
the right of the people of Kosova to govern themselves; or
(B) the creation of an international protectorate for
Kosova;
(2) there is substantial improvement in the human rights
situation in Kosova;
(3) international human rights observers are allowed to return
to Kosova; and
(4) the elected government of Kosova is permitted to meet and
carry out its legitimate mandate as elected representatives of the
people of Kosova.]
[(c) Waiver Authority.--The President may waive the application in
whole or in part, of subsection (a) if the President certifies to the
Congress that the President has determined that the waiver is necessary
to meet emergency humanitarian needs or to achieve a negotiated
settlement of the conflict in Bosnia-Herzegovina that is acceptable to
the parties.]
[(d) Expanded Authority.--Section 660(b) of the Foreign Assistance
Act of 1961 is amended--
(1) in paragraph (3), by striking ``or'';
(2) in paragraph (4), by striking the period at the end thereof
and inserting ``; or'';
(3) adding the following new paragraphs:
``(5) with respect to assistance, including training, relating
to sanctions monitoring and enforcement;
``(6) with respect to assistance provided to reconstitute
civilian police authority and capability in the post-conflict
restoration of host nation infrastructure for the purposes of
supporting a nation emerging from instability, and the provision of
professional public safety training, to include training in
internationally recognized standards of human rights, the rule of
law, anti-corruption, and the promotion of civilian police roles
that support democracy.''.]

Special Authorities

Sec. [541] 531. (a) Funds appropriated in title II of this Act that
are made available for Afghanistan, Lebanon, and Cambodia, and for
victims of war, displaced children, displaced Burmese, humanitarian
assistance for Romania, and humanitarian assistance for the peoples of
[Bosnia-Hercegovina] Bosnia and Herzegovina, Croatia, and Kosova, may be
made available notwithstanding any other provision of law: Provided,
That any such funds that are made available for Cambodia shall be
subject to the provisions of section 531(e) of the Foreign Assistance
Act of 1961 and section 906 of the International Security and
Development Cooperation Act of 1985: Provided further, That the
President shall terminate assistance to any country or organization that
he determines is cooperating, tactically or strategically, with the
Khmer Rouge in their military operations, or to the military of any
country which the President determines is not taking steps to prevent a
pattern or practice of commercial relations between its members and the
Khmer Rouge.
(b) Funds appropriated by this Act to carry out the provisions of
sections 103 through 106 of the Foreign Assistance Act of 1961 may be
used, notwithstanding any other provision of law, for the purpose of
supporting tropical forestry and energy programs aimed at reducing
emissions of greenhouse gases, and for the purpose of supporting
biodiversity conservation activities: Provided, That such assistance
shall be subject to sections 116, 502B, and 620A of the Foreign
Assistance Act of 1961.
(c) During fiscal year [1996] 1997, the President may use up to
[$40,000,000] $50,000,000 under the authority of section 451 of the
Foreign Assistance Act of 1961, notwithstanding the funding ceiling
contained in subsection (a) of that section.
(d) The Agency for International Development may employ personal
services contractors, notwithstanding any other provision of law, for
the purpose of administering programs for the West Bank and Gaza.

[Policy on Terminating the Arab League Boycott of Israel]

[Sec. 542. It is the sense of the Congress that--
(1) the Arab League countries should immediately and publicly
renounce the primary boycott of Israel and the secondary and
tertiary boycott of American firms that have commercial ties with
Israel; and
(2) the President should--
(A) take more concrete steps to encourage vigorously Arab
League countries to renounce publicly the primary boycotts of
Israel and the secondary and tertiary boycotts of American firms
that have commercial relations with Israel as a confidence-
building measure;
(B) take into consideration the participation of any
recipient country in the primary boycott of Israel and the
secondary and tertiary boycotts of American firms that have
commercial relations with Israel when determining whether to
sell weapons to said country;
(C) report to Congress on the specific steps being taken by
the President to bring about a public renunciation of the Arab
primary boycott of Israel and the secondary and tertiary
boycotts of American firms that have commercial relations with
Israel; and
(D) encourage the allies and trading partners of the United
States to enact laws prohibiting businesses from complying with
the boycott and penalizing businesses that do comply.]

Anti-Narcotics Activities

Sec. [543] 532. (a) Of the funds appropriated or otherwise made
available by this Act for ``Economic Support Fund'', assistance may be
provided to strengthen the administration of justice in countries in
Latin America and the Caribbean [in accordance] and in other regions
consistent with the provisions of section [534] 534(b) of the Foreign
Assistance Act of 1961, except that programs to enhance protection of
participants in judicial cases may be conducted notwithstanding section
660 of that Act.
(b) Funds made available pursuant to this section may be made
available notwithstanding [the third sentence of section 534(e)] section
534(c) and the second and third sentences of section 534(e) of the
Foreign Assistance Act of 1961. Funds made available pursuant to
subsection (a) for Bolivia, Colombia and Peru may be made available
notwithstanding section 534(c) and the second sentence of section 534(e)
of the Foreign Assistance Act of 1961.

Eligibility for Assistance

Sec. [544] 533. (a) Assistance Through Nongovernmental
Organizations.--Restrictions contained in this or any other Act with
respect to assistance for a country shall not be construed to restrict
assistance in support of programs of nongovernmental organizations from
funds appropriated by this Act to carry out the provisions of chapters 1
and 10 of part I of the Foreign Assistance Act of 1961: Provided, That
the President shall take into consideration, in any case in which a
restriction on assistance would be applicable but for this subsection,
whether assistance in support of programs of nongovernmental
organizations is in the national interest of the United States: Provided
further, That before using the authority of this subsection to furnish
assistance in support of programs of nongovernmental organizations, the
President shall notify the Committees on Appropriations under the
regular notification procedures of those committees, including a
description of the program to be assisted, the assistance to be
provided, and the reasons for furnishing such assistance: Provided
further, That nothing in this subsection shall be construed to alter any
existing statutory prohibitions against abortion or involuntary
sterilizations contained in this or any other Act.
(b) Public Law 480.--During fiscal year [1996] 1997, restrictions
contained in this or any other Act with respect to assistance for a
country shall not be construed to restrict assistance under the
Agricultural Trade Development and Assistance Act of 1954: Provided,
That none of the funds appropriated to carry out title I of such Act and
made available pursuant to this subsection may be obligated or expended
except as provided through the regular notification procedures of the
Committees on Appropriations.
(c) Exception.--This section shall not apply--
(1) with respect to section 620A of the Foreign Assistance Act
or any comparable provision of law prohibiting assistance to
countries that support international terrorism; or
(2) with respect to section 116 of the Foreign Assistance Act of
1961 or any comparable provision of law prohibiting assistance to
countries that violate internationally recognized human rights.

Earmarks

Sec. [544A] 534. (a) Funds appropriated by this Act which are
earmarked may be reprogrammed for other programs within the same account
notwithstanding the earmark if compliance with the earmark is made
impossible by operation of any provision of this or any other Act or,
with respect to a country with which the United States has an agreement
providing the United States with base rights or base access in that
country, if the President determines that the recipient for which funds
are earmarked has significantly reduced its military or economic
cooperation with the United States since enactment of

[[Page 121]]
the Foreign Operations, Export Financing, and Related Programs
Appropriations Act, 1991; however, before exercising the authority of
this subsection with regard to a base rights or base access country
which has significantly reduced its military or economic cooperation
with the United States, the President shall consult with, and shall
provide a written policy justification to the Committees on
Appropriations: Provided, That any such reprogramming shall be subject
to the regular notification procedures of the Committees on
Appropriations: Provided further, That assistance that is reprogrammed
pursuant to this subsection shall be made available under the same terms
and conditions as originally provided.
(b) In addition to the authority contained in subsection (a), the
original period of availability of funds appropriated by this Act and
administered by the Agency for International Development that are
earmarked for particular programs or activities by this or any other Act
shall be extended for an additional fiscal year if the Administrator of
such agency determines and reports promptly to the Committees on
Appropriations that the termination of assistance to a country or a
significant change in circumstances makes it unlikely that such
earmarked funds can be obligated during the original period of
availability: Provided, That such earmarked funds that are continued
available for an additional fiscal year shall be obligated only for the
purpose of such earmark.

Ceilings and Earmarks

Sec. [545] 535. Ceilings and earmarks contained in this Act shall
not be applicable to funds or authorities appropriated or otherwise made
available by any subsequent Act unless such Act specifically so directs.

Excess Defense Articles

Sec. [546] 536. (a) [The] During fiscal year 1997, the authority of
section 519 of the Foreign Assistance Act of 1961, as amended, may be
used [in fiscal year 1996] to provide nonlethal excess defense articles
to countries for which United States foreign assistance has been
requested and for which receipt of such articles was separately
justified for the fiscal year, without regard to the restrictions in
subsection (a) of section 519.
(b) [The] During fiscal year 1997, the authority of section 516 of
the Foreign Assistance Act of 1961, as amended, may be used [in fiscal
year 1996] to provide defense articles to Jordan, [Estonia, Latvia, and
Lithuania] Tunisia, Argentina, and to countries eligible to participate
in the Partnership for Peace and to receive assistance under P.L. 101-
179.
(c) Section 516(f) of the Foreign Assistance Act of
1961, as amended, is repealed,
(d) Section 31(d) of the Arms Export Control Act is
amended by deleting the words ``or pursuant to sales under
this Act.''

Prohibition on Publicity or Propaganda

Sec. [547] 537. No part of any appropriation contained in this Act
shall be used for publicity or propaganda purposes within the United
States not authorized before the date of enactment of this Act by the
Congress[: Provided, That not to exceed $750,000 may be made available
to carry out the provisions of section 316 of Public Law 96-533].

Use of American Resources

Sec. [548] 538. To the maximum extent possible, assistance provided
under this Act should make full use of American resources, including
commodities, products, and services.

[Prohibition of Payments to United Nations Members]

[Sec. 549. None of the funds appropriated or made available pursuant
to this Act for carrying out the Foreign Assistance Act of 1961, may be
used to pay in whole or in part any assessments, arrearages, or dues of
any member of the United Nations.]

[Consulting Services]

[Sec. 550. The expenditure of any appropriation under this Act for
any consulting service through procurement contract, pursuant to section
3109 of title 5, United States Code, shall be limited to those contracts
where such expenditures are a matter of public record and available for
public inspection, except where otherwise provided under existing law,
or under existing Executive order pursuant to existing law.]

[Private Voluntary Organizations--Documentation]

[Sec. 551. None of the funds appropriated or made available pursuant
to this Act shall be available to a private voluntary organization which
fails to provide upon timely request any document, file, or record
necessary to the auditing requirements of the Agency for International
Development.]

[Prohibition on Assistance to Foreign Governments That Export Lethal
Military Equipment to Countries Supporting International Terrorism]

[Sec. 552. (a) None of the funds appropriated or otherwise made
available by this Act may be available to any foreign government which
provides lethal military equipment to a country the government of which
the Secretary of State has determined is a terrorist government for
purposes of section 40(d) of the Arms Export Control Act. The
prohibition under this section with respect to a foreign government
shall terminate 12 months after that government ceases to provide such
military equipment. This section applies with respect to lethal military
equipment provided under a contract entered into after the date of
enactment of this Act.]
[(b) Assistance restricted by subsection (a) or any other similar
provision of law, may be furnished if the President determines that
furnishing such assistance is important to the national interests of the
United States.]
[(c) Whenever the waiver of subsection (b) is exercised, the
President shall submit to the appropriate congressional committees a
report with respect to the furnishing of such assistance. Any such
report shall include a detailed explanation of the assistance to be
provided, including the estimated dollar amount of such assistance, and
an explanation of how the assistance furthers United States national
interests.]

[Withholding of Assistance for Parking Fines Owed by Foreign Countries]

[Sec. 553. (a) In General.--Of the funds made available for a
foreign country under part I of the Foreign Assistance Act of 1961, an
amount equivalent to 110 percent of the total unpaid fully adjudicated
parking fines and penalties owed to the District of Columbia by such
country as of the date of enactment of this Act shall be withheld from
obligation for such country until the Secretary of State certifies and
reports in writing to the appropriate congressional committees that such
fines and penalties are fully paid to the government of the District of
Columbia.]
[(b) Definition.--For purposes of this section, the term
``appropriate congressional committees'' means the Committee on Foreign
Relations and the Committee on Appropriations of the Senate and the
Committee on International Relations and the Committee on Appropriations
of the House of Representatives.]

Limitation on Assistance for the PLO for the West Bank and Gaza

Sec. [554] 539. None of the funds appropriated by this Act may be
obligated for assistance for the Palestine Liberation Organization for
the West Bank and Gaza unless the President has exercised the authority
under section 583(a) of the Middle East Peace Facilitation Act of 1994
(part E of title V of Public Law 103-236) or any other legislation to
suspend or make inapplicable section 307 of the Foreign Assistance Act
of 1961 and that suspension is still in effect: Provided, That if the
President fails to make the certification under section 583(b)(2) of the
Middle East Peace Facilitation Act or to suspend the prohibition under
other legislation, funds appropriated by this Act may not be obligated
for assistance for the Palestine Liberation Organization for the West
Bank and Gaza.

Export Financing Transfer Authorities

Sec. [555] 540. Not to exceed 5 percent of any appropriation other
than for administrative expenses made available for fiscal year 1996 for
programs under title I of this Act may be transferred between such
appropriations for use for any of the purposes, programs and activities
for which the funds in such receiving account may be used, but no such
appropriation, except as otherwise specifically provided, shall be
increased by more than 25 percent by any such transfer: Provided, That
the exercise of such authority shall be subject to the regular
notification procedures of the Committees on Appropriations.

War Crimes Tribunals

Sec. [556] 541. If the President determines that doing so will
contribute to a just resolution of charges regarding genocide or other
violations of international humanitarian law, [the authority of] the
President may direct a drawdown pursuant to section 552(c) of the
Foreign Assistance Act of 1961, as amended, [may be used to pro

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vide] of up to $25,000,000 of commodities and services to the United
Nations War Crimes Tribunal established with regard to the former
Yugoslavia by the United Nations Security Council or such other
tribunals or commissions as the Council may establish to deal with such
violations, without regard to the ceiling limitation contained in
paragraph (2) thereof: Provided, That the determination required under
this section shall be in lieu of any determinations otherwise required
under section 552(c): Provided further, That 60 days after the date of
enactment of this Act, and every 180 days thereafter, the Secretary of
State shall submit a report to the Committees on Appropriations
describing the steps the United States Government is taking to collect
information regarding allegations of genocide or other violations of
international law in the former Yugoslavia and to furnish that
information to the United Nations War Crimes Tribunal for the former
Yugoslavia.

Nonlethal Excess Defense Articles

Sec. [557] 542. Notwithstanding section 519(f) of the Foreign
Assistance Act of 1961, during fiscal year [1996] 1997, funds available
to the Department of Defense may be expended for crating, packing,
handling and transportation of [nonlethal] excess defense articles
transferred under the authority of [section] sections 516 and 519 to
countries eligible to participate in the Partnership for Peace and to
receive assistance under Public Law 101-179.

Landmines

Sec. [558] 543. Notwithstanding any other provision of law, demining
equipment available to any department or agency and used in support of
the clearing of landmines for humanitarian purposes may be disposed of
on a grant basis in foreign countries, subject to such terms and
conditions as the President may prescribe[: Provided, That section
1365(c) of the National Defense Authorization Act for Fiscal Year 1993
(Public Law 102-484; 22 U.S.C., 2778 note) is amended by striking out
``During the four-year period beginning on October 23, 1992'' and
inserting in lieu thereof ``During the five-year period beginning on
October 23, 1992''].

[Clarification of Restrictions]

[Sec. 559. (a) In General.--Section 620E of the Foreign Assistance
Act of 1961 (22 U.S.C. 2375) is amended--
(1) in subsection (e)--
(A) by striking the words ``No assistance'' and inserting
the words ``No military assistance'';
(B) by striking the words ``in which assistance is to be
furnished or military equipment or technology'' and inserting
the words ``in which military assistance is to be furnished or
military equipment or technology'';
(C) by striking the words ``the proposed United States
assistance'' and inserting the words ``the proposed United
States military assistance'';
(D) by inserting ``(1)'' immediately after ``(e)''; and
(E) by adding the following new paragraphs:
``(2) The prohibitions in this section do not apply to any
assistance or transfer provided for the purposes of:
``(A) International narcotics control (including chapter 8
of part I of this Act) or any provision of law available for
providing assistance for counternarcotics purposes.
``(B) Facilitating military-to-military contact, training
(including chapter 5 of part II of this Act) and humanitarian
and civic assistance projects.
``(C) Peacekeeping and other multilateral operations
(including chapter 6 of part II of this Act relating to
peacekeeping) or any provision of law available for providing
assistance for peacekeeping purposes, except that lethal
military equipment provided under this subparagraph shall be
provided on a lease or loan basis only and shall be returned
upon completion of the operation for which it was provided.
``(D) Antiterrorism assistance (including chapter 8 of part
II of this Act relating to antiterrorism assistance) or any
provision of law available for antiterrorism assistance
purposes.
``(3) The restrictions of this subsection shall continue to
apply to contracts for the delivery of F-16 aircraft to Pakistan.
``(4) Notwithstanding the restrictions contained in this
subsection, military equipment, technology, or defense services,
other than F-16 aircraft, may be transferred to Pakistan pursuant to
contracts or cases entered into before October 1, 1990.''; and
(2) by adding at the end the following new subsections:
``(f) Storage Costs.--The President may release the Government of
Pakistan of its contractual obligation to pay the United States
Government for the storage costs of items purchased prior to October 1,
1990, but not delivered by the United States Government pursuant to
subsection (e) and may reimburse the Government of Pakistan for any such
amount paid, on such terms and conditions as the President may
prescribe: Provided, That such payments have no budgetary impact.
``(g) Inapplicability of Restrictions to Previously Owned Items.--
Section 620E(e) does not apply to broken, worn or unupgraded items or
their equivalent which Pakistan paid for and took possession of prior to
October 1, 1990 and which the Government of Pakistan sent to the United
States for repair or upgrade. Such equipment or its equivalent may be
returned to the Government of Pakistan: Provided, That the President
determines and so certifies to the appropriate congressional committees
that such equipment or equivalent neither constitutes nor has received
any significant qualitative upgrade since being transferred to the
United States and that its total value does not exceed $25,000,000.
``(h) Ballistic Missile Sanctions Not Affected.--Nothing contained
herein shall affect sanctions for transfers of missile equipment or
technology required under section 11B of the Export Administration Act
of 1979 or section 73 of the Arms Export Control Act.''.]

[Restrictions Concerning the Palestinian Authority]

[Sec. 560. None of the funds appropriated by this Act may be
obligated or expended to create in any part of Jerusalem a new office of
any department or agency of the United States Government for the purpose
of conducting official United States Government business with the
Palestinian Authority over Gaza and Jericho or any successor Palestinian
governing entity provided for in the Israel-PLO Declaration of
Principles: Provided, That this restriction shall not apply to the
acquisition of additional space for the existing Consulate General in
Jerusalem: Provided further, That meetings between officers and
employees of the United States and officials of the Palestinian
Authority, or any successor Palestinian governing entity provided for in
the Israel-PLO Declaration of Principles, for the purpose of conducting
official United States Government business with such authority should
continue to take place in locations other than Jerusalem. As has been
true in the past, officers and employees of the United States Government
may continue to meet in Jerusalem on other subjects with Palestinians
(including those who now occupy positions in the Palestinian Authority),
have social contacts, and have incidental discussions.]

Prohibition of Payment of Certain Expenses

Sec. [561] 544. None of the funds appropriated or otherwise made
available by this Act under the heading ``international military
education and training'' or ``foreign military financing program'' for
Informational Program activities may be obligated or expended to pay
for--
(1) alcoholic beverages;
(2) food (other than food provided at a military installation)
not provided in conjunction with Informational Program trips where
students do not stay at a military installation; or
(3) entertainment expenses for activities that are substantially
of a recreational character, including entrance fees at sporting
events and amusement parks.
[Sec. 562. (a) In General.--None of the funds made available in this
Act may be used for assistance in support of any country when it is made
known to the President that the government of such country prohibits or
otherwise restricts, directly or indirectly, the transport or delivery
of United States humanitarian assistance.
(b) Exception.--Funds may be made available with regard to the
restriction in subsection (a) if the President determines that to do so
is in the national security interest of the United States.]

[Withholding of Assistance to Countries Supporting Nuclear Plant in
Cuba]

[Sec. 563. (a) Withholding.--The President shall withhold from
assistance made available with funds appropriated or made available
pursuant to this Act an amount equal to the sum of assistance and
credits, if any, provided on or after the date of the enactment of this
Act by that country, or any entity in that country, in support of the
completion of the Cuban nuclear facility at Juragua, near Cienfuegos,
Cuba.]
[(b) Exceptions.--The requirement of subsection (a) to withhold
assistance shall not apply with respect to--

[[Page 123]]

(1) assistance to meet urgent humanitarian needs including
disaster and refugee relief;
(2) democratic political reform and rule of law activities;
(3) the creation of private sector and nongovernmental
organizations that are independent of government control;
(4) the development of a free market economic system; and
(5) assistance for the purposes described in the Cooperative
Threat Reduction Act of 1993 (title XII of Public Law 103-160).]

[Limitation on Funds for Haiti]

[Sec. 564. Effective March 1, 1996, none of the funds appropriated
in this Act may be made available to the Government of Haiti when it is
made known to the President that such Government is controlled by a
regime holding power through means other than the democratic elections
scheduled for calendar year 1995 and held in substantial compliance with
the requirements of the 1987 Constitution of Haiti.]

[Purchase of American-Made Equipment and Products]

[Sec. 565. (a) Sense of Congress.--It is the sense of the Congress
that, to the greatest extent practicable, all equipment and products
purchased with funds made available in this Act should be American-
made.]
[(b) Notice Requirement.--In providing financial assistance to, or
entering into any contract with, any entity using funds made available
in this Act, the head of each Federal agency, to the greatest extent
practicable, shall provide to such entity a notice describing the
statement made in subsection (a) by the Congress.]

[Limitation on Assistance to Turkey]

[Sec. 566. Not more than $33,500,000 of the funds appropriated in
this Act under the heading ``Economic Support Fund'' may be made
available to the Government of Turkey.]

[Limitation of Funds for North American Development Bank]

[Sec. 566A. None of the funds appropriated in this Act under the
heading ``North American Development Bank'' and made available for the
Community Adjustment and Investment Program shall be used for purposes
other than those set out in the binational agreement establishing the
Bank.]

[Limitation on Funds for Burma]

[Sec. 567. None of the funds made available in this Act may be used
for International Narcotics Control or Crop Substitution Assistance for
the Government of Burma.]

[Asian Development Bank]

[Sec. 568. The Secretary of the Treasury may, to fulfill commitments
of the United States, subscribe to and make payments for shares of the
Asian Development Bank in connection with the fourth general capital
increase of the Bank. The amount authorized to be appropriated for paid-
in shares of the Bank is limited to $66,614,647; the amount authorized
to be appropriated for payment for callable shares of the Bank is
limited to $3,264,178,021. The amount to be paid in respect of each
subscription is authorized to be appropriated without fiscal year
limitation. Any subscription by the United States to the capital stock
of the Bank shall be effective only to such extent or in such amounts as
are provided in advance in appropriations Acts.]

[International Development Association]

[Sec. 569. In order to pay for the United States contribution to the
tenth replenishment of the resources of the International Development
Association authorized in section 526 of Public Law 103-87, there is
authorized to be appropriated, without fiscal year limitation,
$700,000,000 for payment by the Secretary of the Treasury.]

Special Debt Relief for the Poorest

Sec. [570] 545. (a) Authority To Reduce Debt.--The President may
reduce amounts owed to the United States (or any agency of the United
States) by an eligible country as a result of--
(1) guarantees issued under sections 221 and 222 of the Foreign
Assistance Act of 1961; or
(2) credits extended or guarantees issued under the Arms Export
Control Act.
(b) Limitations.--
(1) The authority provided by subsection (a) may be exercised
only to implement multilateral official debt relief and referendum
agreements, commonly referred to as ``Paris Club Agreed Minutes''.
(2) The authority provided by subsection (a) may be exercised
only in such amounts or to such extent as is provided in advance by
appropriations Acts.
(3) The authority provided by subsection (a) may be exercised
only with respect to countries with heavy debt burdens that are
eligible to borrow from the International Development Association,
but not from the International Bank for Reconstruction and
Development, commonly referred to as ``IDA-only'' countries.
(c) Conditions.--The authority provided by subsection (a) may be
exercised only with respect to a country whose government--
(1) does not have an excessive level of military expenditures;
(2) has not repeatedly provided support for acts of
international terrorism;
(3) is not failing to cooperate on international narcotics
control matters;
(4) (including its military or other security forces) does not
engage in a consistent pattern of gross violations of
internationally recognized human rights; and
(5) is not ineligible for assistance because of the application
of section 527 of the Foreign Relations Authorization Act, fiscal
years 1994 and 1995.
(d) Availability of Funds.--The authority provided by subsection (a)
may be used only with regard to funds appropriated by this Act under the
heading ``Debt Restructuring''.
(e) Certain Prohibitions Inapplicable.--A reduction of debt pursuant
to subsection (a) shall not be considered assistance for purposes of any
provision of law limiting assistance to a country. The authority
provided by subsection (a) may be exercised notwithstanding section
620(r) of the Foreign Assistance Act of 1961.

Authority to Engage in Debt Buybacks or Sales

Sec. [571] 546. (a) Loans Eligible for Sale, Reduction, or
Cancellation.--
(1) Authority to sell, reduce, or cancel certain loans.--
Notwithstanding any other provision of law, the President may, in
accordance with this section, sell to any eligible purchaser any
concessional loan or portion thereof made before January 1, 1995,
pursuant to the Foreign Assistance Act of 1961, to the government of
any eligible country as defined in section 702(6) of that Act or on
receipt of payment from an eligible purchaser, reduce or cancel such
loan or portion thereof, only for the purpose of facilitating--
(A) debt-for-equity swaps, debt-for-development swaps, or
debt-for-nature swaps; or
(B) a debt buyback by an eligible country of its own
qualified debt, only if the eligible country uses an additional
amount of the local currency of the eligible country, equal to
not less than 40 percent of the price paid or such debt by such
eligible country, or the difference between the price paid for
such debt and the face value of such debt, to support activities
that link conservation and sustainable use of natural resources
with local community development, and child survival and other
child development, in a manner consistent with section 707
through 710 of the Foreign Assistance Act of 1961, if the sale,
reduction, or cancellation would not contravene any term or
condition of any prior agreement relating to such loan.
(2) Terms and conditions.--Notwithstanding any other provision
of law, the President shall, in accordance with this section,
establish the terms and conditions under which loans may be sold,
reduced, or canceled pursuant to this section.
(3) Administration.--The Facility, as defined in section 702(8)
of the Foreign Assistance Act of 1961, shall notify the
administrator of the agency primarily responsible for administering
part I of the Foreign Assistance Act of 1961 of purchasers that the
President has determined to be eligible, and shall direct such
agency to carry out the sale, reduction, or cancellation of a loan
pursuant to this section. Such agency shall make an adjustment in
its accounts to reflect the sale, reduction, or cancellation.
(4) Limitation.--The authorities of this subsection shall be
available only to the extent that appropriations for the cost of the
modification, as defined in section 502 of the Congressional Budget
Act of 1974, are made in advance.
(b) Deposit of Proceeds.--The proceeds from the sale, reduction, or
cancellation of any loan sold, reduced, or canceled pursuant to this
section shall be deposited in the United States Government account or
accounts established for the repayment of such loan.
(c) Eligible Purchasers.--A loan may be sold pursuant to subsection
(a)(1)(A) only to a purchaser who presents plans satisfactory

[[Page 124]]
to the President for using the loan for the purpose of engaging in debt-
for-equity swaps, debt-for-development swaps, or debt-for-nature swaps.
(d) Debtor Consultations.--Before the sale to any eligible
purchaser, or any reduction or cancellation pursuant to this section, of
any loan made to an eligible country, the President [shall] should
consult with the country concerning the amount of loans to be sold,
reduced, or canceled and their uses for debt-for-equity swaps, debt-for-
development swaps, or debt-for-nature swaps.
(e) Availability of Funds.--The authority provided by subsection (a)
may be used only with regard to funds appropriated by this Act under the
heading ``Debt Restructuring''.

[Drawdown Authority for Jordan]

[Sec. 572. During fiscal year 1996, the President may direct, for
the purposes of part II of the Foreign Assistance Act of 1961, the
drawdown for Jordan of defense articles from the stocks of the
Department of Defense, defense services of the Department of Defense,
and military education and training of up to an aggregate of
$100,000,000: Provided, That--
(a) within six months of the last drawdown under subsection (a),
the President shall submit a report to the Committee on
Appropriations identifying the articles, services, training or
education provided;
(b) section 506(c) of the Foreign Assistance Act of 1961 shall
apply to the drawdown authority in this section; and
(c) section 632(d) of the Foreign Assistance Act of 1961 shall
not apply with respect to drawdowns under this section.]

Liberia

Sec. [573] 547. [(a) Public Law 102-270 is amended--
(1) in subsection (b) by striking ``Notwithstanding section
620(q) of the Foreign Assistance Act of 1961 or any other similar
provision, the'' and inserting ``The''; and
(2) in subsection (b)(2) by striking ``to implement the
Yamoussoukro peace accord''.]
[(b)] Funds appropriated by this Act may be made available for
assistance for Liberia notwithstanding section 620(q) of the Foreign
Assistance Act of 1961 and section 512 of this Act.

[Annual Report on Economic and Social Growth]

[Sec. 574. (a) Reporting Requirement.--The President shall submit to
the appropriate congressional committees an annual report providing a
concise overview of the prospects for economic and social growth on a
broad, equitable, and sustainable basis in the countries receiving
economic assistance under title II of this Act. For each country, the
report shall discuss the laws, policies and practices of that country
that most contribute to or detract from the achievement of this kind of
growth. The report should address relevant macroeconomic, microeconomic,
social, legal, environmental, and political factors and include criteria
regarding wage and price controls, State ownership of production and
distribution, State control of financial institutions, trade and foreign
investment, capital and profit repatriation, tax and private property
protections and a country's commitment to stimulate education, health
and human development.]
[(b) Countries.--The countries referred to in subsection (a) are
countries--
(1) for which in excess of $5,000,000 has been obligated during
the previous fiscal year for assistance under sections 103 through
106, chapters 10 and 11 of part I, and chapter 4 of part II of the
Foreign Assistance of 1961, and under the Support for East European
Democracy Act of 1989; or
(2) for which in excess of $1,000,000 has been obligated during
the previous fiscal year by the Overseas Private Investment
Corporation.]
[(c) Consultation.--The Secretary of State shall submit the report
required by subsection (a) in consultation with the Secretary of the
Treasury, the Administrator of the Agency for International Development,
and the President of the Overseas Private Investment Corporation. The
report shall be submitted with the annual congressional presentation for
appropriations.]
[Sec. 575. To the maximum extent possible, the funds provided by
this Act shall be used to provide surveying and mapping related services
through contracts entered into through competitive bidding to qualified
United States contractors.]

[Reports Regarding Hong Kong]

[Sec. 576. (a) Section 301 of the United States-Hong Kong Policy Act
of 1992 (22 U.S.C. 5731) is amended in the text above paragraph (1) by
inserting ``March 31, 1996,'' after ``March 31, 1995,''.]
[(b) In light of the deficiencies in reports submitted to the
Congress pursuant to section 301 of the United States-Hong Kong Policy
Act (22 U.S.C. 5731), the Congress directs that the additional report
required to be submitted under such section by subsection (a) of this
section include detailed information on the status of, and other
developments affecting, implementation of the Sino-British Joint
Declaration on the Question of Hong Kong, including--
(1) the Basic Law and its consistency with the Joint
Declaration;
(2) the openness and fairness of elections to the
legislature;
(3) the openness and fairness of the election of the chief
executive and the executive's accountability to the legislature;
(4) the treatment of political parties;
(5) the independence of the judiciary and its ability to
exercise the power of final judgment over Hong Kong law; and
(6) the Bill of Rights.]
[Sec. 577. Notwithstanding any other provision of this Act,
$20,000,000 of the funds made available under the headings ``Development
Assistance'' and/or ``Economic Support Fund'' may be transferred to, and
merged with, the appropriations account entitled ``International
Narcotics Control'' and may be available for the same purposes for which
funds in such account are available.]

[Guatemala]

[Sec. 578. (a) Funds provided in this Act may be made available for
the Guatemalan military or security forces, and the restrictions on
Guatemala under the headings ``International Military Education and
Training'' and ``Foreign Military Financing Program'' shall not apply,
only if the President determines and certifies to the Congress that the
Guatemalan military is cooperating with efforts to resolve human rights
abuses which elements of the Guatemalan military or security forces are
alleged to have committed, ordered or attempted to thwart the
investigation of.]
[(b) The prohibition contained in subsection (a) shall not apply to
funds made available to implement a cease-fire or peace agreement.]
[(c) Any funds made available pursuant to subsections (a) or (b)
shall be subject to the regular notification procedures of the
Committees on Appropriations.]
[(d) Any funds made available pursuant to subsections (a) and (b)
for international military education and training may only be for
expanded international military education and training.]

[Extension of Tied Aid Credit Program]

[Sec. 579. (a) Section 10(c)(2) of the Export-Import Bank Act of
1945 (12 U.S.C. 635i-3(c)(2) is amended by striking ``1995'' and
inserting ``1997''.]
[(b) Section 10(e) of the Export-Import Bank Act of 1945 (12 U.S.C.
635i-3(e)) is amended by striking ``1993, 1994, and 1995'' and inserting
``1996 and 1997''.]

[Moratorium on Use of Antipersonnel Landmines ]

[Sec. 580. (a) United States Moratorium.--For a period of one year
beginning three years after the date of enactment of this Act, the
United States shall not use antipersonnel landmines except along
internationally recognized national borders or in demilitarized zones
within a perimeter marked area that is monitored by military personnel
and protected by adequate means to ensure the exclusion of civilians.]
[(b) Definition and Exemptions.--For the purposes of this section:
(1) Antipersonnel landmine.--The term ``antipersonnel landmine''
means any munition placed under, on, or near the ground or other
surface area, delivered by artillery, rocket, mortar, or similar
means, or dropped from an aircraft and which is designed,
constructed or adapted to be detonated or exploded by the presence,
proximity, or contact of a person.
(2) Exemptions.--The term ``antipersonnel landmine'' does not
include command detonated Claymore munitions.]

[Extension of Au Pair Programs]

[Sec. 581. Section 8 of the Eisenhower Exchange Fellowship Act of
1990 is amended in the last sentence by striking ``fiscal year 1995''
and inserting ``fiscal year 1996''.]

[[Page 125]]

Sanctions Against Countries Harboring War Criminals

Sec. [582] 548. (a) Bilateral Assistance.--[Funds] The President is
authorized to withhold funds appropriated by this Act under the Foreign
Assistance Act of 1961 or the Arms Export Control Act [may not be
provided] for any country described in subsection (c).
(b) Multilateral Assistance.--The Secretary of the Treasury [shall]
should instruct the United States executive directors of the
international financial institutions to work in opposition to, and vote
against, any extension by such institutions of financing or financial or
technical assistance to any country described in subsection (c).
(c) Sanctioned Countries.--A country described in this subsection is
a country the government of which knowingly grants sanctuary to persons
in its territory for the purpose of evading prosecution, where such
persons--
(1) have been indicted by the International Criminal Tribunal
for the former Yugoslavia, the International Criminal Tribunal for
Rwanda, or any other international tribunal with similar standing
under international law, or
(2) have been indicted for war crimes or crimes against humanity
committed during the period beginning March 23, 1933 and ending on
May 8, 1945 under the direction of, or in association with--
(A) the Nazi government of Germany;
(B) any government in any area occupied by the military
forces of the Nazi government of Germany;
(C) any government which was established with the assistance
or cooperation of the Nazi government; or
(D) any government which was an ally of the Nazi government
of Germany.

Limitation on Assistance for Haiti

Sec. [583] 549. (a) Limitation.--None of the funds appropriated or
otherwise made available by this Act, may be provided to the Government
of Haiti until the President reports to Congress that--
(1) the Government is conducting thorough investigations of
extrajudicial and political killings; and
(2) the Government is cooperating with United States authorities
in the investigations of political and extrajudicial killings.
(b) Nothing in this section shall be construed to restrict the
provision of humanitarian or electoral assistance.
(c) The President may waive the requirements of this section if he
determines and certifies to the appropriate committees of Congress that
it is in the national interest of the United States or necessary to
assure the safe and timely withdrawal of American forces from Haiti.

[Limitation on Funds to the Territory of the Bosniac-Croat Federation.]

[Sec. 584. Funds appropriated by this Act for activities in the
internationally-recognized borders of Bosnia and Herzegovina (other than
refugee and disaster assistance and assistance for restoration of
infrastructure, to include power grids, water supplies and natural gas)
may only be made available for activities in the territory of the
Bosniac-Croat Federation.]

[NATO Participation]

[Sec. 585. Revisions to Program To Facilitate Transition to NATO
Membership.--]
[(a) Eligible Countries.--Subsection (d) of section 203 of the NATO
Participation Act of 1994 (title II of Public Law 103-447; 22 U.S.C.
1928 note) is amended to read as follows:
``(d) Designation of Eligible Countries.--
``(1) Initial presidential review and designation.--Within 60
days of the enactment of the NATO Participation Act Amendments of
1995, the President should evaluate the degree to which any country
emerging from communist domination which has expressed its interest
in joining NATO meets the criteria set forth in paragraph (3), and
may designate one or more of these countries as eligible to receive
assistance under the program established under subsection (a). The
President shall, at the time of designation of any country pursuant
to this paragraph, determine and report to the Committees on
International Relations and Appropriations of the House of
Representatives and the Committees on Foreign Relations and
Appropriations of the Senate with respect to each country so
designated that such country meets the criteria set forth in
paragraph (3).
``(2) Other european countries emerging from communist
domination.--In addition to the countries designated pursuant to
paragraph (1), the President may at any time designate other
European countries emerging from communist domination as eligible to
receive assistance under the program established under subsection
(a). The President shall, at the time of designation of any country
pursuant to this paragraph, determine and report to the Committees
on International Relations and Appropriations of the House of
Representatives and the Committees on Foreign Relations and
Appropriations of the Senate with respect to each country so
designated that such country meets the criteria set forth in
paragraph (3).
``(3) Criteria.--The criteria referred to in paragraphs (1) and
(2) are, with respect to each country, that the country--
``(A) has made significant progress toward establishing--
``(i) shared values and interests;
``(ii) democratic governments;
``(iii) free market economies;
``(iv) civilian control of the military, of the police,
and of intelligence services, so that these organizations do
not pose a threat to democratic institutions, neighboring
countries, or the security of NATO or the United States;
``(v) adherence to the rule of law and to the values,
principles, and political commitments set forth in the
Helsinki Final Act and other declarations by the members of
the Organization on Security and Cooperation in Europe;
``(vi) commitment to further the principles of NATO and
to contribute to the security of the North Atlantic area;
``(vii) commitment to protecting the rights of all their
citizens and respecting the territorial integrity of their
neighbors;
``(viii) commitment and ability to accept the
obligations, responsibilities, and costs of NATO membership;
and
``(ix) commitment and ability to implement
infrastructure development activities that will facilitate
participation in and support for NATO military activities;
``(B) is likely, within five years of such determination, to
be in a position to further the principles of the North Atlantic
Treaty and to contribute to the security of the North Atlantic
area; and
``(C) is not ineligible to receive assistance under section
552 of the Foreign Operations, Export Financing, and Related
Programs Appropriations Act, 1996, with respect to transfers of
equipment to a country the government of which the Secretary of
State has determined is a terrorist government for purposes of
section 40(d) of the Arms Export Control Act.''.
(2) Conforming amendments.--
(A) Subsections (b) and (c) of section 203 of such Act are
amended by striking ``countries described in such subsection'' each
of the two places it appears and inserting ``countries designated
under subsection (d)''.
(B) Subsection (e) of section 203 of such Act is amended by
inserting ``(22 U.S.C. 2394-1), and shall include with such
notification a memorandum of justification with respect to the
proposed designation'' before the period at the end.]
[(b) Types of Assistance.--Section 203(c) of such Act is amended by
inserting after paragraph (4) the following new paragraphs:
``(5) Assistance under chapter 4 of part II of the Foreign
Assistance Act of 1961 (relating to the Economic Support Fund).
``(6) Funds appropriated under the ``Nonproliferation and
Disarmament Fund'' account.
``(7) Assistance under chapter 6 of part II of the Foreign
Assistance Act of 1961 (relating to peacekeeping operations and
other programs).
``(8) Notwithstanding any other provision of law, including any
restrictions in sections 516 and 519 of the Foreign Assistance Act
of 1961, as amended, the President may direct the crating, packing,
handling, and transportation of excess defense articles provided
pursuant to paragraphs (1) and (2) of this subsection without charge
to the recipient of such articles.''.]
[(c) Effect on Other Authorities.--Section 203 of the NATO
Participation Act of 1994 (title II of Public Law 103-447, 22 U.S.C.
1928 note), is amended to add a new subsection (g) to read as follows:
``(g) Effect on Other Authorities.--Nothing in this Act shall affect
the eligibility of countries to participate under other provisions of
law in programs described in this Act.''.]
[(d) Annual Report.--Section 205 of the NATO Participation Act of
1994 (title II of Public Law 103-447; 22 U.S.C. 1928 note) is amended:
(1) by inserting ``ANNUAL'' in the section heading before the
first word;

[[Page 126]]

(2) by inserting ``annual'' after ``include in the'' in the
matter preceding paragraph (1); and
(3) in paragraphs (1) and (2), by striking ``and other'' and all
that follows through the period at the end and in both instances
inserting in lieu thereof ``and any other country designated by the
President pursuant to section 203(d).''.]

[TITLE VI--MIDDLE EAST PEACE FACILITATION ACT OF 1995]

[Short Title]

[Sec. 601. This title may be cited as the ``Middle East Peace
Facilitation Act of 1995''.]

[Findings]

[Sec. 602. The Congress finds that--
(1) the Palestine Liberation Organization (hereafter the
``P.L.O.'') has recognized the State of Israel's right to exist in
peace and security, accepted United Nations Security Council
Resolutions 242 and 338, committed itself to the peace process and
peaceful coexistence with Israel, free from violence and all other
acts which endanger peace and stability, and assumed responsibility
over all P.L.O. elements and personnel in order to assure their
compliance, prevent violations, and discipline violators;
(2) Israel has recognized the P.L.O. as the representative of
the Palestinian people;
(3) Israel and the P.L.O. signed a Declaration of Principles on
Interim Self-Government Arrangements (hereafter the ``Declaration of
Principles'') on September 13, 1993 at the White House;
(4) Israel and the P.L.O. signed an Agreement on the Gaza Strip
and the Jericho Area (hereafter the ``Gaza-Jericho Agreement'') on
May 4, 1994 which established a Palestinian Authority for the Gaza
and Jericho areas;
(5) Israel and the P.L.O. signed an Agreement on Preparatory
Transfer of Powers and Responsibilities (hereafter the ``Early
Empowerment Agreement'') on August 29, 1994 which provided for the
transfer to the Palestinian Authority of certain powers and
responsibilities in the West Bank outside of the Jericho Area;
(6) under the terms of the Israeli-Palestinian Interim Agreement
on the West Bank and Gaza (hereafter the ``Interim Agreement) signed
on September 28, 1995, the Declaration of Principles, the Gaza-
Jericho Agreement and the Early Empowerment Agreement, the powers
and responsibilities of the Palestinian Authority are to be assumed
by an elected Palestinian Council with jurisdiction in the West Bank
and Gaza Strip in accordance with the Interim Agreement;
(7) permanent status negotiations relating to the West Bank and
Gaza Strip are scheduled to begin by May 1996;
(8) the Congress has, since the conclusion of the Declaration of
Principles and the P.L.O.'s renunciation of terrorism, provided
authorities to the President to suspend certain statutory
restrictions relating to the P.L.O., subject to Presidential
certifications that the P.L.O. has continued to abide by commitments
made in and in connection with or resulting from the good faith
implementation of, the Declaration of Principles;
(9) the P.L.O. commitments relevant to Presidential
certifications have included commitments to renounce and condemn
terrorism, to submit to the Palestinian National Council for former
approval the necessary changes to those articles of the Palestinian
Covenant which call for Israel's destruction, and to prevent acts of
terrorism and hostilities against Israel; and
(10) the United States is resolute in its determination to
ensure that in providing assistance to Palestinians living under the
jurisdiction of the Palestinian Authority or elsewhere, the
beneficiaries of such assistance shall be held to the same standard
of financial accountability and management control as any other
recipient of United States assistance.]

[Sense of Congress]

[Sec. 603. It is the sense of the Congress that the P.L.O. must do
far more to demonstrate an irrevocable denunciation of terrorism and
ensure a peaceful settlement of the Middle East dispute, and in
particular it must--
(1) submit to the Palestinian National Council for formal
approval the necessary changes to those articles of the Palestinian
National Covenant which call for Israel's destruction;
(2) make greater efforts to pre-empt acts of terror, discipline
violators and contribute to stemming the violence that has resulted
in the deaths of over 140 Israeli and United States citizens since
the signing of the Declaration of Principles;
(3) prohibit participation in its activities and in the
Palestinian Authority and its successors by any groups or
individuals which continue to promote and commit acts of terrorism;
(4) cease all anti-Israel rhetoric, which potentially undermines
the peace process;
(5) confiscate all unlicensed weapons;
(6) transfer and cooperate in transfer proceedings relating to
any person accused by Israel to acts of terrorism; and
(7) respect civil liberties, human rights and democratic norms.]

[Authority To Suspend Certain Provisions]

[Sec. 604. (a) In General.--Subject to subsection (b), beginning on
the date of enactment of this Act and for eighteen months thereafter,
the President may suspend for a period of not more than 6 months at a
time any provision of law specified in subsection (d). Any such
suspension shall cease to be effective after 6 months, or at such
earlier date as the President may specify.]
[(b) Conditions.--
(1) Consultations.--Prior to each exercise of the authority
provided in subsection (a) or certification pursuant to subsection
(c), the President shall consult with the relevant congressional
committees. The President may not exercise that authority or make
such certification until 30 days after a written policy
justification is submitted to the relevant congressional committees.
(2) Presidential certification.--The President may exercise the
authority provided in subsection (a) only if the President certifies
to the relevant congressional committees each time he exercises such
authority that--
(A) it is in the national interest of the United States to
exercise such authority;
(B) the P.L.O., the Palestinian Authority, and successor
entities are complying with all the commitments described in
paragraph (4); and
(C) funds provided pursuant to the exercise of this
authority and the authorities under section 583(a) of Public Law
103-236 and section 3(a) of Public Law 103-125 have been used
for the purposes for which they were intended.
(3) Requirement for continuing p.l.o. compliance.--
(A) The President shall ensure that P.L.O. performance is
continuously monitored and if the President at any time
determines that the P.L.O. has not continued to comply with all
the commitments described in paragraph (4), he shall so notify
the relevant congressional committees and any suspension under
subsection (a) of a provision of law specified in subsection (d)
shall cease to be effective.
(B) Beginning six months after the date of enactment of this
Act, if the President on the basis of the continuous monitoring
of the P.L.O.'s performance determines that the P.L.O. is not
complying with the requirements described in subsection (c), he
shall so notify the relevant congressional committees and no
assistance shall be provided pursuant to the exercise by the
President of the authority provided by subsection (a) until such
time as the President makes the certification provided for in
subsection (c).
(4) P.L.O. commitments described.--The commitments referred to
in paragraphs (2)(B) and (3)(A) are the commitments made by the
P.L.O.--
(A) in its letter of September 9, 1993, to the Prime
Minister of Israel; in its letter of September 9, 1993, to the
Foreign Minister of Norway to--
(i) recognize the right of the State of Israel to exist
in peace and security;
(ii) accept United Nations Security Council Resolutions
242 and 338;
(iii) renounce the use of terrorism and other acts of
violence;
(iv) assume responsibility over all P.L.O. elements and
personnel in order to assure their compliance, prevent
violations and discipline violators;
(v) call upon the Palestinian people in the West Bank
and Gaza Strip to take part in the steps leading to the
normalization of life, rejecting violence and terrorism, and
contributing to peace and stability; and
(vi) submit to the Palestine National Council for formal
approval the necessary changes to the Palestinian National
Covenant eliminating calls for Israel's destruction, and

[[Page 127]]

(B) in, and resulting from, the good faith implementation of
the Declaration of Principles, including good faith
implementation of subsequent agreements with Israel, with
particular attention to the objective of preventing terrorism,
as reflected in the provisions of the Interim Agreement
concerning--
(i) prevention of acts of terrorism and legal measures
against terrorists, including the arrest and prosecution of
individuals suspected of perpetrating acts of violence and
terror;
(ii) abstention from and prevention of incitement,
including hostile propaganda;
(iii) operation of armed forces other than the
Palestinian Police;
(iv) possession, manufacture, sale, acquisition or
importation of weapons;
(v) employment of police who have been convicted of
serious crimes or have been found to be actively involved in
terrorist activities subsequent to their employment;
(vi) transfers to Israel of individuals suspected of,
charged with, or convicted of an offense that falls within
Israeli criminal jurisdiction;
(vii) cooperation with the government of Israel in
criminal matters, including cooperation in the conduct of
investigations; and
(viii) exercise of powers and responsibilities under the
agreement with due regard to internationally accepted norms
and principles of human rights and the rule of law.
(5) Policy justification.--As part of the President's written
policy justification to be submitted to the relevant Congressional
Committees pursuant to paragraph (1), the President will report on--
(A) the manner in which the P.L.O. has complied with the
commitments specified in paragraph (4), including responses to
individual acts of terrorism and violence, actions to discipline
perpetrators of terror and violence, and actions to preempt acts
of terror and violence;
(B) the extent to which the P.L.O. has fulfilled the
requirements specified in subsection (c);
(C) actions that the P.L.O. has taken with regard to the
Arab League boycott of Israel;
(D) the status and activities of the P.L.O. office in the
United States;
(E) all United States assistance which benefits, directly or
indirectly, the projects, programs, or activities of the
Palestinian Authority in Gaza, Jericho, or any other area it may
control, since September 13, 1993, including--
(i) the obligation and disbursal of such assistance, by
project, activity, and date, as well as by prime contractor
and all subcontractors;
(ii) the organizations or individuals responsible for
the receipt and obligation of such assistance;
(iii) the intended beneficiaries of such assistance; and
(iv) the amount of international donor funds that
benefit the P.L.O. or the Palestinian Authority in Gaza,
Jericho, or any other area the P.L.O. or the Palestinian
Authority may control, and to which the United States is a
contributor; and
(F) statements by senior officials of the P.L.O., the
Palestinian Authority, and successor entities that question the
right of Israel to exist or urge armed conflict with or
terrorism against Israel or its citizens, including an
assessment of the degree to which such statements reflect
official policy of the P.L.O., the Palestinian Authority, or
successor entities.]
[(c) Requirement for Continued Provision of Assistance.--Six months
after the enactment of this Act, United States assistance shall not be
provided pursuant to the exercise by the President of the authority
provided by subsection (a), unless and until the President determines
and so certifies to the Congress that--
(1) if the Palestinian Council has been elected and assumed its
responsibilities, it has, within 2 months, effectively disavowed and
thereby nullified the articles of the Palestine National Covenant
which call for Israel's destruction, unless the necessary changes to
the Covenant have already been approved by the Palestine National
Council;
(2) the P.L.O., the Palestinian Authority, and successor
entities have exercised their authority resolutely to establish the
necessary enforcement institutions; including laws, police, and a
judicial system, for apprehending, transferring, prosecuting,
convicting, and imprisoning terrorists;
(3) the P.L.O., has limited participation in the Palestinian
Authority and its successors to individuals and groups that neither
engage in nor practice terrorism or violence in the implementation
of their political goals;
(4) the P.L.O., the Palestinian Authority, and successor
entities have not provided any financial or material assistance or
training to any group, whether or not affiliated with the P.L.O., to
carry out actions inconsistent with the Declaration of Principles,
particularly acts of terrorism against Israel;
(5) the P.L.O., the Palestinian Authority, or successor entities
have cooperated in good faith with Israeli authorities in--
(A) the preemption of acts of terrorism;
(B) the apprehension, trial, and punishment of individuals
who have planned or committed terrorist acts subject to the
jurisdiction of the Palestinian Authority or any successor
entity; and
(C) the apprehension of and transfer to Israeli authorities
of individuals suspected of, charged with, or convicted of,
planning or committing terrorist acts subject to Israeli
jurisdiction in accordance with the specific provisions of the
Interim Agreement;
(6) the P.L.O., the Palestinian Authority, and successor
entities have exercised their authority resolutely to enact and
implement laws requiring the disarming of civilians not specifically
licensed to possess or carry weapons;
(7) the P.L.O., the Palestinian Authority, and successor
entities have not funded, either partially or wholly, or have ceased
funding, either partially or wholly, any office, or other presence
of the Palestinian Authority in Jerusalem unless established by
specific agreement between Israel and the P.L.O., the Palestinian
Authority, or successor entities;
(8) the P.L.O., the Palestinian Authority, and successor
entities are cooperating fully with the Government of the United
States on the provision of information on United States nationals
known to have been held at any time by the P.L.O. or factions
thereof; and
(9) the P.L.O., the Palestinian Authority, and successor
entities have not, without the agreement of the Government of
Israel, taken any steps that will change the status of Jerusalem or
the West Bank and Gaza Strip, pending the outcome of the permanent
status negotiations.]
[(d) Provisions That May Be Suspended.--The provisions that may be
suspended under the authority of subsection (a) are the following:
(1) Section 307 of the Foreign Assistance Act of 1961 (22 U.S.C.
2227) as it applies with respect to the P.L.O. or entities
associated with it.
(2) Section 114 of the Department of State Authorization Act,
fiscal years 1984 and 1985 (22 U.S.C. 287e note) as it applies with
respect to the P.L.O. or entities associated with it.
(3) Section 1003 of the Foreign Relations Authorization Act,
fiscal years 1988 and 1989 (22 U.S.C. 5202).
(4) Section 37 of the Bretton Woods Agreement Act (22 U.S.C.
286W) as it applies on the granting to the P.L.O. of observer status
or other official status at any meeting sponsored by or associated
with the International Monetary Fund. As used in this paragraph, the
term ``other official status'' does not include membership in the
International Monetary Fund.]
[(e) Definitions.--As used in this title:
(1) Relevant congressional committees.--The term ``relevant
congressional committees'' mean--
(A) the Committee on International Relations, the Committee
on Banking and Financial Services, and the Committee on
Appropriations of the House of Representatives; and
(B) the Committee on Foreign Relations and the Committee on
Appropriations of the Senate.
(2) United states assistance.--The term ``United States
assistance'' means any form of grant, loan, loan guarantee, credit,
insurance, in kind assistance, or any other form of assistance.]

[Transition Provision]

[Sec. 605. (a) In General.--Section 583(a) of the Foreign Relations
Authorization Act, Fiscal Years 1994 and 1995 (Public Law 103-236) is
amended by striking ``November 1, 1995'' and inserting ``January 1,
1996''.]
[(b) Consultation.--For purposes of any exercise of the authority
provided in section 583(a) of the Foreign Relations Authorization Act,
Fiscal Years 1994 and 1995 (Public Law 103-236) prior to November 15,
1995, the written policy justification dated June 1, 1995, and submitted
to the Congress in accordance with section 583(b)(1)

[[Page 128]]
of such Act, and the consultations associated with such policy
justification, shall be deemed to satisfy the requirements of section
583(b)(1) of such Act.]

[Reporting Requirement]

[Sec. 606. Section 804(b) of the PLO Commitments Compliance Act of
1989 (title VIII of Public Law 101-246) is amended--
(1) in the matter preceding paragraph (1), by striking ``section
(3)(b)(1) of the Middle East Peace Facilitation Act of 1994'' and
inserting ``section 604(b)(1) of the Middle East Peace Facilitation
Act of 1995''; and
(2) in paragraph (1), by striking ``section (4)(a) of the Middle
East Peace Facilitation Act of 1994 (Oslo commitments)'' and
inserting ``section 604(b)(4) of the Middle East Peace Facilitation
Act of 1995''.] (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1996.)