Appendix - Funds Appropriated to the President

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

[[Page 69]]

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.

Program and Financing (in millions of dollars)

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Identification code 11-0037-0-1-802 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Reserved for future allocation.... 1
--------- --------- ----------
10.00 Total obligations (object class
92.0)......................... 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1 1
22.30 Unobligated balance expiring...... -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1
23.95 New obligations................... -1
----------------------------------------------------------------------------

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

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

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

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

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

Emergency Requirements

[Unanticipated Needs] for [Natural] Disasters

For emergency requirements of the disaster relief activities of the
Federal Emergency Management Agency, the wildland firefighting
activities of the Departments of Agriculture and the Interior, the flood
control and emergency conservation activities of the Department of
Agriculture, the emergency highways activities of the Department of
Transportation, the disaster loan program of the Small Business
Administration, and the flood control and coastal emergency activities
of the Corps of Engineers, $5,800,000,000, to remain available until
expended: Provided, That such amount is designated by Congress as an
emergency requirement pursuant to section 251(b)(2)(D)(i) of the
Balanced Budget and Emergency Deficit Control Act of 1985, as amended,
which shall be available only in such amounts as the President
designates as emergency requirements pursuant to the Act: Provided
further, That amounts so designated by the President shall not be
available until 15 days after the President notifies the Congress of
such designation: Provided further, That amounts made available under
this head may be transferred to the Federal agency authorized to conduct
the programs and activities for which the funds are made available.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0033-0-1-453 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 4
22.21 Unobligated balance transferred to
other accounts.................. -4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation......
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 5,800
40.79 Contingent appropriation not
available....................... -5,800
--------- --------- ----------
43.00 Appropriation (total)...........
----------------------------------------------------------------------------

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

This budget proposes the establishment of a contingent emergency
reserve to fund unanticipated needs arising from both natural and man-
made disasters. The amounts requested for this fund are based on the
average emergency budget authority adjustment made to the discretionary
spending caps established under the Budget Enforcement Act of 1990 (BEA)
over the seven year period from 1991-1997. This fund is to be used by
the Departments of Agriculture, Interior, and Transportation, the
Federal Emergency Management Agency, the Small Business Administration,
and the Army Corps of Engineers to cover costs that exceed budget
assumptions for these types of requirements.

The proposed contingency fund would allow for the use of funds among
the disaster assistance programs specified, based upon actual need. This
flexibility would allow the most appropriate program available to the
government to respond to a particular natural or other disaster. The
release of any amount of this fund could not occur until 15 days after
the President has officially notified the Congress. This built in
constraint is designed to give Congress appropriate time to respond, and
at the same time not impede the Government's ability to assist
communities stricken by a natural or other type of disaster.

Congress has provided $1.7 billion to cover natural and other
disasters in 1997 ($1.3 billion in emergency spending, and $0.4 billion
in contingent emergency funding). This budget requests $5.8 billion in
contingent funding for 1998--the average emergency spending under the
BEA. The contingency request for future years will be based on average
emergency funding used under the BEA.

The BEA provided that the discretionary spending caps may be
increased for items designated by both the President and the Congress as
an ``emergency requirement.'' The following displays the increases, to
the discretionary spending caps, resulting from the designation of
emergency requirements.

ADJUSTMENTS TO DISCRETIONARY SPENDING CAPS FOR EMERGENCIES \1\
[In billions of dollars]
----------------------------------------------------------------------------------------------------------------
1991-1997
1991 1992 1993 1994 1995 1996 1997 1998 Average
----------------------------------------------------------------------------------------------------------------
Budget Authority............................. 0.9 8.3 4.6 12.2 7.7 5.1 1.7 ..... 5.8

[[Page 70]]

Outlays...................................... 1.1 1.8 5.4 9.0 10.1 6.4 5.3 1.7 4.9

----------------------------------------------------------------------------------------------------------------
\1\ Data for FY 1997 includes $0.4 billion in contingent emergency budget authority that has not yet resulted in
cap adjustments.

The BEA does not specify a definition for ``emergency requirement.''
The OMB June 1991 ``Report on Costs of Domestic and International
Emergencies and on the Threats Posed by the Kuwaiti Oil Fires,''
required by P.L. 102-55, defines an emergency expenditure as one that
includes the following elements:

necessary expenditure--an essential or vital expenditure;
not one that is merely useful or beneficial;

sudden--quickly coming into being, not building up over
time;

urgent--pressing and compelling need requiring immediate
action;

unforeseen--not predictable or seen beforehand as a coming
need (an emergency that is part of an aggregate level of
anticipated emergencies, particularly when normally estimated in
advance, would not be ``unforeseen''); and,

not permanent--the need is temporary in nature.

The Federal Government has historically provided most disaster
relief funds for domestic emergencies through: FEMA's disaster relief
fund; the SBA disaster loan program; USDA's wildland fire management
account; Interior's wildland fire management account; Transportation's
Federal-Aid Highways emergency relief program; and, the Corps of
Engineers flood control and coastal emergencies program. Funding for
these programs has been generally provided by regular appropriations for
base non-emergency and some emergency activities, and, when necessary,
through supplemental appropriations to address additional unforeseen
requirements. This budget includes requests for appropriations for the
base activities which is the higher of the 1997 enacted level, or the
10-year average of non-emergency appropriations for each of the disaster
assistance programs. The Federal-Aid Highway emergency relief program
receives $100 million annually in mandatory funds and only relies on
discretionary supplementals when the need arises.

1998 Non-Emergency Appropriations Requests for Disaster Assistance
Programs

[Budget authority in
millions of dollars]
Department of Agriculture firefighting............ $211
Department of Interior firefighting............... $126
Federal Emergency Management Agency disaster
relief........................................... $320
Small Business Administration disaster loan
program.......................................... $173
Department of Transportation Federal-Aid Highways
emergency relief................................. [$100]
Corps of Engineers flood control and coastal
emergencies...................................... $14
Total Non-Emergency Appropriations Requests.... $844

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, [$127,102,000]
$140,207,000 for drug control activities consistent with the approved
strategy for each of the designated High Intensity Drug Trafficking
Areas, [of which $3,000,000 shall be used for a newly designated High
Intensity Drug Trafficking Area in Lake County, Indiana; of which
$6,000,000 shall be used for a newly designated High Intensity Drug
Trafficking Area for the Gulf Coast States of Louisiana, Alabama, and
Mississippi; of which $8,000,000 shall be used for a newly designated
High Intensity Drug Trafficking Area dedicated to combating
methamphetamine use, production and trafficking in a five State area
including Iowa, Missouri, Nebraska, South Dakota, and Kansas; of which
$3,000,000 shall be used for a newly designated High Intensity Drug
Trafficking Area in the State of Colorado; of which $3,000,000 shall be
used for a newly designated High Intensity Drug Trafficking Area in the
Pacific Northwest; of the total amount appropriated, including
transferred funds,] of which no less than $71,000,000 shall be
transferred to State and local entities for drug control activities,
which shall be obligated within 120 days of the date of enactment of
this act and up to $69,207,000 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, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1070-0-1-802 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.02 Grants to State and local law
enforcement agencies............ 64 71 71
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 64 71 71
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 40
22.00 New budget authority (gross)...... 63 111 140
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 63 111 180
23.95 New obligations................... -64 -71 -71
24.40 Unobligated balance available, end
of year: Uninvested balance..... 40 107
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 103 127 140
41.00 Transferred to other accounts..... -40 -29
42.00 Transferred from other accounts... 13
--------- --------- ----------
43.00 Appropriation (total)........... 64 111 140
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 63 111 140
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 57 73 69
73.10 New obligations................... 64 71 71
73.20 Total outlays (gross)............. -48 -75 -71
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 73 69 69
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 12 23 23
86.93 Outlays from current balances..... 36 52 48
--------- --------- ----------
87.00 Total outlays (gross)........... 48 75 71
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 64 111 140
90.00 Outlays........................... 48 75 71
---------------------------------------------------------------------------

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,
counties in 15 areas have been designated as HIDTAs: New York; Los
Angeles; Miami; Houston; Baltimore/Washington, DC; Puerto Rico/Virgin
Islands; Southwest Border; Chicago; Atlanta; Philadelphia/Camden; Gulf
Coast (Alabama, Louisiana, and Mississippi); Lake County (Indiana);
Midwest (Iowa, Kansas, Missouri, Nebraska, and South Dakota--focused on
methamphetamine); Pacific Northwest (Washington Cascades); and Rocky
Mountains (Colorado, Utah, and Wyoming).

[[Page 71]]

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.

Special Forfeiture Fund

(including transfer of funds)

For activities to support a national media campaign for youth, and
other purposes, authorized by Public Law 100-690, as amended,
[$112,900,000,] $175,000,000, [of which $42,000,000 shall be transferred
to the United States Customs Service for the conversion of one P-3AEW
aircraft for the air interdiction program; of which $10,000,000 shall be
available for transfer to other Federal agencies for methamphetamine
reduction efforts; and of which $60,900,000 shall be available to the
Director of the National Drug Control Policy for enhancing other drug
control activities, including transfer to other Federal agencies:
Provided, That of the amount provided, $112,900,000 is designated by
Congress as an emergency requirement pursuant to section 251(b)(2)(D)(I)
of the Balanced Budget and Emergency Deficit Control Act of 1985, as
amended to become available only upon receipt by the Congress of a
supplemental request from the President requesting such designation.] to
remain available until expended: Provided, That such funds may be
transferred to other Federal departments and agencies to carry out such
activities. (Treasury, Postal Service and General Government
Appropriations Act, 1997.)

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-5001-0-2-802 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 1 24 51
Receipts:
02.02 Forfeited cash and proceeds from
sale of forfeited property...... 23 27
--------- --------- ----------
04.00 Total: Balances and collections... 24 51 51
07.99 Total balance, end of year........ 24 51 51
---------------------------------------------------------------------------

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 175
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 71
22.00 New budget authority (gross)...... 71 175
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 71 246
23.95 New obligations................... -175
24.40 Unobligated balance available, end
of year: Uninvested balance..... 71 71
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 113 175
41.00 Transferred to other accounts..... -42
--------- --------- ----------
43.00 Appropriation (total)........... 71 175
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 71 175
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 175
73.20 Total outlays (gross)............. -158
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 17
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 158
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 71 175
90.00 Outlays........................... 158
---------------------------------------------------------------------------

The Anti-Drug Abuse Act of 1988, as amended, established the Special
Forfeiture Fund to be administered by the Director of the Office of
National Drug Control Policy. This Fund can receive deposits from the
Department of Justice Assets Forfeiture Fund and the Department of the
Treasury Assets Forfeiture Fund in addition to General Fund
appropriations. The monies in the Fund support high-priority drug
control programs and may be transferred to drug control agencies. The
budget schedule does not display intended 1997 obligations or transfer
of 1997 appropriations in the Fund. The ONDCP Director's decision
regarding these funds will be transmitted to the Congress separately.
Obligations directly incurred by ONDCP will be reflected in its Salaries
and Expenses account.

INTERNATIONAL SECURITY ASSISTANCE

Federal Funds

General and special funds:

Economic Support Fund

For necessary expenses to carry out the provisions of chapter 4 of
part II, [$2,343,000,000] $2,497,600,000, to remain available until
[September 30, 1998: 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, 1996, 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 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 nonmilitary 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.] expended. (Foreign Operations, Export Financing,
and Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1037-0-1-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 2,307 2,650 2,445
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 208 287
22.00 New budget authority (gross)...... 2,342 2,363 2,445
22.10 Resources available from
recoveries of prior year
obligations..................... 45
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,595 2,650 2,445
23.95 New obligations................... -2,307 -2,650 -2,445
24.40 Unobligated balance available, end
of year: Uninvested balance..... 287
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 2,360 2,363 2,498
41.00 Transferred to other accounts... -19 -53
--------- --------- ----------
43.00 Appropriation (total)......... 2,341 2,363 2,445
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 2,342 2,363 2,445
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 2,775 2,799 2,984

[[Page 72]]

73.10 New obligations................... 2,307 2,650 2,445
73.20 Total outlays (gross)............. -2,238 -2,465 -2,423
73.45 Adjustments in unexpired accounts. -45
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 2,799 2,984 3,006
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1,248 1,281 1,287
86.93 Outlays from current balances..... 990 1,184 1,136
--------- --------- ----------
87.00 Total outlays (gross)........... 2,238 2,465 2,423
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 2,341 2,363 2,445
90.00 Outlays........................... 2,237 2,465 2,423
---------------------------------------------------------------------------

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.................. 5 5 5
41.0 Grants, subsidies, and
contributions................. 2,257 2,645 2,440
--------- --------- ----------
99.0 Subtotal, direct obligations.. 2,262 2,650 2,445
41.0 Allocation Account: Grants,
subsidies, and contributions.... 45
--------- --------- ----------
99.9 Total obligations............... 2,307 2,650 2,445
---------------------------------------------------------------------------

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,
[$3,164,000,000] $3,274,250,000: 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, 1996,
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 of the funds
made available under this paragraph, $30,000,000 shall be available for
assistance on a grant basis for Poland, Hungary, and the Czech Republic
to carry out title II of Public Law 103-477 and section 585 of Public
Law 104-107: 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 NATO expansion and 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 $7,000,000 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, [$60,000,000] $66,000,000:
Provided, That these funds are available to subsidize gross obligations
for the principal amount of direct loans of not to exceed [$540,000,000:
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 of the funds appropriated under this paragraph
$20,000,000 shall be made available to Poland, Hungary, and the Czech
Republic: 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: $122,500,000 only for Greece and $175,000,000 only for
Turkey] $699,500,000.
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, Liberia, and Guatemala:]
Provided further, That funds made available under this heading may be
used, notwithstanding any other provision of law, for activities related
to the clearance of landmines and unexploded ordnance, and may include
activities implemented through nongovernmental and international
organizations: 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 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 1997 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, 1997.)
[For an additional amount for grants to enable the President to
carry out the provisions of section 23 of the Arms Export Control Act,
$60,000,000.] (Omnibus Consolidated Appropriations Act, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Country programs.................. 3,269 3,201 3,251
00.02 Administrative costs.............. 23 23 23
--------- --------- ----------
10.00 Total obligations............... 3,292 3,224 3,274
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3,292 3,224 3,274

[[Page 73]]

23.95 New obligations................... -3,292 -3,224 -3,274
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 3,278 3,224 3,274
42.00 Transferred from other accounts... 14
--------- --------- ----------
43.00 Appropriation (total)........... 3,292 3,224 3,274
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,292 3,224 3,274
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,436 1,781 1,845
73.10 New obligations................... 3,292 3,224 3,274
73.20 Total outlays (gross)............. -2,946 -3,160 -3,453
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,781 1,845 1,666
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1,866 1,829 2,535
86.93 Outlays from current balances..... 1,080 1,331 918
--------- --------- ----------
87.00 Total outlays (gross)........... 2,946 3,160 3,453
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 3,292 3,224 3,274
90.00 Outlays........................... 2,946 3,160 3,453
---------------------------------------------------------------------------

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
25.2 Other services.................... 23 23 23
41.0 Grants, subsidies, and
contributions................... 3,269 3,201 3,251
--------- --------- ----------
99.9 Total obligations............... 3,292 3,224 3,274
---------------------------------------------------------------------------

International Military Education and Training

For necessary expenses to carry out the provisions of section 541 of
the Foreign Assistance Act of 1961, $50,000,000 [$43,475,000: Provided,
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
international military education and training]. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations................. 39 43 50
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 39 43 50
23.95 New obligations................... -39 -43 -50
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 39 43 50
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 23 27 35
73.10 New obligations................... 39 43 50
73.20 Total outlays (gross)............. -30 -35 -51
73.40 Adjustments in expired accounts... -5
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 27 35 34
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 18 22 25
86.93 Outlays from current balances..... 12 13 26
--------- --------- ----------
87.00 Total outlays (gross)........... 30 35 51
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 39 43 50
90.00 Outlays........................... 30 35 51
---------------------------------------------------------------------------

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
26.0 Supplies and materials............ 4 4 5
41.0 Grants, subsidies, and
contributions................... 34 38 44
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total obligations............... 39 43 50
---------------------------------------------------------------------------

military-to-military contact program

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1084-0-1-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 6 3
73.20 Total outlays (gross)............. -2 -3
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 2 3
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 2 3
---------------------------------------------------------------------------

This program financed expenses associated with direct contacts
between U.S. military and the military establishments of Eastern Europe
and the Baltic and Pacific regions. These contacts were 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.

Peacekeeping Operations

For necessary expenses to carry out the provisions of section 551 of
the Foreign Assistance Act of 1961, [$65,000,000] $90,000,000[:
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]. (Omnibus
Consolidated Appropriations Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1032-0-1-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 96 65 90
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 96 65 90
23.95 New obligations................... -96 -65 -90
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 70 65 90

[[Page 74]]

42.00 Transferred from other accounts... 26
--------- --------- ----------
43.00 Appropriation (total)........... 96 65 90
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 96 65 90
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 29 50 40
73.10 New obligations................... 96 65 90
73.20 Total outlays (gross)............. -73 -75 -82
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 50 40 48
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 50 45 62
86.93 Outlays from current balances..... 23 30 20
--------- --------- ----------
87.00 Total outlays (gross)........... 73 75 82
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 96 65 90
90.00 Outlays........................... 73 75 82
---------------------------------------------------------------------------

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.

Counter-Terrorism Assistance to Israel

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1089-0-1-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 50
----------------------------------------------------------------------------

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

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

Change in unpaid obligations:
73.10 New obligations................... 50
73.20 Total outlays (gross)............. -50
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 50
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 50
90.00 Outlays........................... 50
---------------------------------------------------------------------------

This program was created to help Israel counter terrorist threats to
its security.

[Nonproliferation, Anti-Terrorism, Demining and Related Programs]

[For necessary expenses for nonproliferation, anti-terrorism and
related programs and activities, $133,000,000, to carry out the
provisions of chapter 8 of part II of the Foreign Assistance Act of 1961
for anti-terrorism assistance, section 504 of the FREEDOM Support Act
for the Nonproliferation and Disarmament Fund, section 23 of the Arms
Export Control Act for demining activities, notwithstanding any other
provision of law, including activities implemented through
nongovernmental and international organizations, section 301 of the
Foreign Assistance Act of 1961 for a voluntary contribution to the
International Atomic Energy Agency (IAEA) and a voluntary contribution
to the Korean Peninsula Energy Development Organization (KEDO), and for
the acquisition and provision of goods and services, or for grants to
Israel necessary to support the eradication of terrorism in and around
Israel: Provided, That of this amount not to exceed $15,000,000, to
remain available until expended, may be made available for the
Nonproliferation and Disarmament Fund, notwithstanding any other
provision of law, to promote bilateral and multilateral activities
relating to nonproliferation and disarmament: 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 such funds shall be subject to
the regular notification procedures of the Committees on Appropriations:
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 not to exceed $25,000,000 may be
made available to the Korean Peninsula Energy Development Organization
(KEDO) only for the administrative expenses and heavy fuel oil costs
associated with the Agreed Framework: Provided further, That such funds
may be obligated to KEDO only if, prior to such obligation of funds, the
President certifies and so reports to Congress that (1)(A) the United
States is taking steps to assure that progress is made on the
implementation of the January 1, 1992, Joint Declaration on the
Denuclearization of the Korean Peninsula and the implementation of the
North-South dialogue, and (B) North Korea is complying with the other
provisions of the Agreed Framework between North Korea and the United
States and with the Confidential Minute; (2) North Korea is cooperating
fully in the canning and safe storage of all spent fuel from its
graphite-moderated nuclear reactors and that such canning and safe
storage is scheduled to be completed by the end of fiscal year 1997; and
(3) North Korea has not significantly diverted assistance provided by
the United States for purposes for which it was not intended: Provided
further, That the President may waive the certification requirements of
the preceding proviso if the President determines that it is vital to
the national security interests of the United States: Provided further,
That no funds may be obligated for KEDO until 30 calendar days after
submission to Congress of the waiver permitted under the preceding
proviso: Provided further, That before obligating any funds for KEDO,
the President shall report to Congress on (1) the cooperation of North
Korea in the process of returning to the United States the remains of
United States military personnel who are listed as missing in action as
a result of the Korean conflict (including conducting joint field
activities with the United States); (2) violations of the military
armistice agreement of 1953; (3) the actions which the United States is
taking to assure that North Korea is consistently taking steps to
implement the Joint Declaration on Denuclearization of the Korean
Peninsula and engage in North-South dialogue; and (4) all instances of
non-compliance with the Agreed Framework between North Korea and the
United States and the Confidential Minute, including diversion of heavy
fuel oil: Provided further, That the obligation of such funds shall be
subject to the regular notification procedures of the Committees on
Appropriations: Provided further, That the Secretary of State shall
submit to the appropriate congressional committees an annual report (to
be submitted with the annual presentation for appropriations) providing
a full and detailed accounting of the fiscal year request for the United
States contribution to KEDO, the expected operating budget of the Korean
Peninsula Energy Development Organization, to include proposed annual
costs associated with heavy fuel oil purchases and other related
activities, and the amount of funds pledged by other donor nations and
organizations to support KEDO activities on a per country basis.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)
For an additional amount for nonproliferation, anti-terrorism and
related programs and activities, $18,000,000, to carry out the
provisions of chapter 8 of part II of the Foreign Assistance Act of 1961
for anti-terrorism assistance.] (Omnibus Consolidated Appropriations
Act, 1997.)

[[Page 75]]

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1075-0-1-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 140 11
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 11
22.00 New budget authority (gross)...... 151
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 151 11
23.95 New obligations................... -140 -11
24.40 Unobligated balance available, end
of year: Uninvested balance..... 11
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 151
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 74
73.10 New obligations................... 140 11
73.20 Total outlays (gross)............. -66 -39
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 74 46
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 66
86.93 Outlays from current balances..... 39
--------- --------- ----------
87.00 Total outlays (gross)........... 66 39
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 151
90.00 Outlays........................... 66 39
---------------------------------------------------------------------------

Assistance for Relocation of Facilities in Israel

Program and Financing (in millions of dollars)

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).....................
----------------------------------------------------------------------------

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

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

Offsets:
Against gross budget authority and outlays:

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

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

Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1088-0-1-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
0100 Balance, start of year............ 4 4
0360 Adjustments in expired accounts... -2
0500 Offsetting collections applied to
liquidate contract authority.... -2
0700 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.

Nonproliferation and Disarmament Fund

For necessary expenses of the Nonproliferation and
Disarmament Fund, to carry out activities contained in
section 504 of the FREEDOM Support Act, $15,000,000, to
remain available until expended: Provided, That such funds
may be used for 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.

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Education and training............ 1 3 2
00.02 Destruction and conversion
assistance...................... 5 2 3
00.03 Enforcement/interdiction
assistance...................... 4 6 5
00.04 Safeguards/verification assistance 4 4
00.05 Administration.................... 1
00.06 International Science and
Technology Centers.............. 14 1
--------- --------- ----------
10.00 Total obligations............... 24 16 15
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 4 16
22.00 New budget authority (gross)...... 36 15
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 40 16 15
23.95 New obligations................... -24 -16 -15
24.40 Unobligated balance available, end
of year: Uninvested balance..... 16
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 20 15
42.00 Transferred from other accounts. 15
--------- --------- ----------
43.00 Appropriation (total)......... 35 15
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 36 15
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 13 13 14
73.10 New obligations................... 24 16 15
73.20 Total outlays (gross)............. -24 -15 -16
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 13 14 13
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 19 4
86.93 Outlays from current balances..... 4 15 12
86.97 Outlays from new permanent
authority....................... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 24 15 16
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

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

Net budget authority and outlays:
89.00 Budget authority.................. 35 15
90.00 Outlays........................... 23 15 16
---------------------------------------------------------------------------

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.

[[Page 76]]

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1071-0-1-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
22.0 Transportation of things.......... 1
25.2 Other services.................... 9 15 15
41.0 Grants, subsidies, and
contributions................... 14 1
--------- --------- ----------
99.9 Total obligations............... 24 16 15
---------------------------------------------------------------------------

Credit accounts:

Foreign Military Financing Loan Program Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loan subsidy............... 59 60 66
00.05 Reestimates of direct loan subsidy 23
00.06 Interest on reestimates of direct
loan subsidy.................... 1
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 59 84 66
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 59 84 66
23.95 New obligations................... -59 -84 -66
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 64 60 66
41.00 Transferred to other accounts... -5
--------- --------- ----------
43.00 Appropriation (total)......... 59 60 66
Permanent:

60.05 Appropriation (indefinite)...... 24
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 59 84 66
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 190 184 175
73.10 New obligations................... 59 84 66
73.20 Total outlays (gross)............. -66 -92 -52
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 184 175 189
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 4 5
86.93 Outlays from current balances..... 66 64 47
86.97 Outlays from new permanent
authority....................... 24
--------- --------- ----------
87.00 Total outlays (gross)........... 66 92 52
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 59 84 66
90.00 Outlays........................... 66 92 52
---------------------------------------------------------------------------

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct loan levels................ 544 540 700
--------- --------- ----------
1159 Total direct loan levels........ 544 540 700
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 10.84 11.11 9.44
--------- --------- ----------
1329 Weighted average subsidy rate... 10.84 11.11 9.44
Direct loan subsidy budget authority:
1330 Subsidy budget authority.......... 59 60 66
--------- --------- ----------
1339 Total subsidy budget authority.. 59 60 66
Direct loan subsidy outlays:
1340 Subsidy outlays................... 66 68 52
--------- --------- ----------
1349 Total subsidy outlays........... 66 68 52
---------------------------------------------------------------------------

Foreign Military Financing Direct Loan Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loans...................... 544 540 700
00.02 Interest on Treasury borrowing.... 77 93 124
00.03 Payment of downward reestimate of
subsidy to receipt account...... 10
00.04 Payment of interest on downward
reestimate of subsidy to receipt
account......................... 1
--------- --------- ----------
10.00 Total obligations............... 621 644 824
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New financing authority (gross)... 621 644 824
23.95 New obligations................... -621 -644 -824
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 493 480 634
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 140 257 370
68.10 Receivables from program account -7 -9 14
68.47 Portion applied to debt
reduction..................... -5 -84 -194
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 128 164 190
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 621 644 824
----------------------------------------------------------------------------

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

72.90 Obligated balance: Obligated
balance....................... 1,797 1,789 1,770
72.95 Receivables from program account 190 183 174
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 1,987 1,972 1,944
73.10 New obligations................... 621 644 824
73.20 Total financing disbursements
(gross)......................... -636 -673 -683
Unpaid obligations, end of year:

74.90 Obligated balance: Obligated
balance....................... 1,789 1,770 1,895
74.95 Receivables from program account 183 174 188
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 1,972 1,944 2,083
87.00 Total financing disbursements
(gross)......................... 636 673 683
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
Federal sources:
88.00 Federal sources............. -94 -69 -52
88.00 Federal sources............. -24
88.40 Non-Federal sources........... -46 -164 -318
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -140 -257 -370
88.95 Change in receivables from program
accounts........................ 7 9 -14
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 488 396 440
90.00 Financing disbursements........... 496 416 313
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4122-0-3-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 544 540 700
--------- --------- ----------

[[Page 77]]

1150 Total direct loan obligations... 544 540 700
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 539 1,098 1,643
1231 Disbursements: Direct loan
disbursements................... 559 568 560
1251 Repayments: Repayments and
prepayments..................... -23 -160
--------- --------- ----------
1290 Outstanding, end of year........ 1,098 1,643 2,043
---------------------------------------------------------------------------

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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 310 160
Investments in US securities:
1106 Receivables, net.............. 190 184 175 188
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 539 1,098 1,643 2,043
1402 Interest receivable............. 9 12 18 22
1405 Allowance for subsidy cost (-).. -71 -143 -212 -264
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 477 967 1,449 1,801
1901 Other Federal assets: Other assets 1,488 1,630 1,542 1,573
------------ -------------- ------------ -------------
1999 Total assets.................... 2,465 2,941 3,166 3,562
LIABILITIES:
Federal liabilities:

2103 Debt............................ 788 1,134 1,702 2,220
2105 Other........................... 1,487 1,623 1,289 1,154
------------ -------------- ------------ -------------
2999 Total liabilities............... 2,275 2,757 2,991 3,374
NET POSITION:
3100 Appropriated capital.............. 190 184 175 188
------------ -------------- ------------ -------------
3999 Total net position.............. 190 184 175 188
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2,465 2,941 3,166 3,562
-----------------------------------------------------------------------------------------------

Foreign Military Loan Liquidating Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct program: Guarantee claims.. 59 52 50
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 59 52 50
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 59 52 50
23.95 New obligations................... -59 -52 -50
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 24 16 28
Spending authority from offsetting
collections:

Offsetting collections (cash):
68.00 Offsetting collections (cash). 289 235 241
68.00 Offsetting collections (cash):
Debt Reduction.............. 20
68.27 Capital transfer to general fund -7 -16
68.47 Portion applied to debt
reduction..................... -246 -203 -219
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 36 36 22
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 59 52 50
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 11
73.10 New obligations................... 59 52 50
73.20 Total outlays (gross)............. -70 -52 -50
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 59 52 50
86.98 Outlays from permanent balances... 11
--------- --------- ----------
87.00 Total outlays (gross)........... 70 52 50
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
88.00 Federal sources: Debt
Reduction................... -20
Non-Federal sources:
88.40 Non-Federal sources--Claims. -43 -36 -22
88.40 Non-Federal sources--FFB
Loans..................... -246 -199 -219
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -289 -255 -241
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -229 -203 -191
90.00 Outlays........................... -218 -203 -191
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

Repayments and prepayments:
1251 Repayments and prepayments.... -950 -872 -776
1251 Repayments and prepayments:
Debt Reduction.............. -20
1261 Adjustments: Capitalized interest. 25
1263 Write-offs for default: Direct
loans........................... -47
--------- --------- ----------
1290 Outstanding, end of year........ 7,021 6,096 5,329
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 6,610 6,129 5,694
2251 Repayments and prepayments........ -481 -431 -385
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -4 -4
--------- --------- ----------
2290 Outstanding, end of year........ 6,129 5,694 5,305
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 5,516 5,122 4,744
----------------------------------------------------------------------------

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

2331 Disbursements for guaranteed
loan claims................... 26 34 42
2364 Other adjustments, net.......... -26 -34 -42
---------------------------------------------------------------------------

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.

[[Page 78]]

Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
0111 Revenue........................... -105 282 277 260
0112 Expense........................... -365 -293 -277 -260
------------ -------------- ------------ -------------
0119 Net income or loss (-)............ -470 -11
------------ -------------- ------------ -------------
0199 Net income or loss................ -470 -11
-----------------------------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

1601 Direct loans, gross............. 7,911 7,021 6,096 5,329
1602 Interest receivable............. 579 655 574 496
1604 Direct loans and interest
receivable, net............... 8,491 7,676 6,670 5,825
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 8,491 7,676 6,670 5,825
------------ -------------- ------------ -------------
1999 Total assets.................... 8,501 7,676 6,670 5,825
LIABILITIES:
Federal liabilities:

2102 Interest payable................ 56 51 48 44
2103 Debt............................ 3,493 3,247 3,048 2,829
2105 Other........................... 4,333 3,767 3,111 2,493
------------ -------------- ------------ -------------
2999 Total liabilities............... 7,882 7,065 6,207 5,366
NET POSITION:
3100 Appropriated capital.............. 11
3300 Cumulative results of operations.. 608 611 463 459
------------ -------------- ------------ -------------
3999 Total net position.............. 619 611 463 459
------------ -------------- ------------ -------------
4999 Total liabilities and net position 8,501 7,676 6,670 5,825
-----------------------------------------------------------------------------------------------

Military Debt Reduction Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Payment to liquidating account.... 20
00.02 Interest on debt to Treasury...... 1 1
--------- --------- ----------
10.00 Total obligations............... 21 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New financing authority (gross)... 21 1
23.95 New obligations................... -21 -1
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 18 1
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 3
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 21 1
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 21 1
73.20 Total financing disbursements
(gross)......................... -21 -1
87.00 Total financing disbursements
(gross)......................... 21 1
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

88.00 Offsetting collections (cash)
from: Federal sources......... -3
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 18 1
90.00 Financing disbursements........... 18 1
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........
--------- --------- ----------
1150 Total direct loan obligations...
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 20
1232 Disbursements: Purchase of loans
assets from the public.......... 20
--------- --------- ----------
1290 Outstanding, end of year........ 20 20
---------------------------------------------------------------------------

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.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 20 20
1405 Allowance for subsidy cost (-).. -3 -3
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 17 17
------------ -------------- ------------ -------------
1999 Total assets.................... 17 17
LIABILITIES:
2103 Federal liabilities: Debt......... 17 17
------------ -------------- ------------ -------------
2999 Total liabilities............... 17 17
------------ -------------- ------------ -------------
4999 Total liabilities and net position 17 17
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
33.0 Investments and loans............. 20
43.0 Interest and dividends............ 1 1
--------- --------- ----------
99.9 Total obligations............... 21 1
---------------------------------------------------------------------------

GENERAL FUND RECEIPT ACCOUNTS

[In millions of dollars]

----------------------------------------------------------------------------
1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
11-146800 Interest on foreign
military credit sales............... 245 203 142
11-296800 Repayment of loans, foreign
military credit sales............... 661 637 535
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 906 840 677
---------------------------------------------------------------------------

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

[[Page 79]]

contribution to the Global Environment Facility (GEF), [$35,000,000]
$100,000,000, to remain available until [September 30, 1998] expended.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0077-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid in capital................... 28
00.02 Global environment trust fund..... 35 35 100
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 63 35 100
----------------------------------------------------------------------------

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)...... 63 35 100
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 7,726 7,698 7,763
23.95 New obligations................... -63 -35 -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..................... 63 35 100
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 153 190 171
73.10 New obligations................... 63 35 100
73.20 Total outlays (gross)............. -26 -54 -42
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 190 171 229
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 3 3 9
86.93 Outlays from current balances..... 23 51 33
--------- --------- ----------
87.00 Total outlays (gross)........... 26 54 42
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 63 35 100
90.00 Outlays........................... 26 54 42
---------------------------------------------------------------------------

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 $14.7 billion during its 1996
fiscal year; IBRD gross disbursements were $13.4 billion. Since its 1945
establishment, the IBRD has made loans totalling $280 billion. $140 for
every $1 of U.S. paid in capital.

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 water ecosystems 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 of projects, and
it works to mainstream environmental protection in the economic
development plans of developing countries. Following U.S. strategic
guidance, the GEF will have prepared a workplan in May 1997 that brings
total cumulative commitments to over $1.7 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 harnessing private capital
flows for investment in environmentally sound development.

The FY 1998 request consists of $100 million for the last 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,] $1,034,504,000, to remain
available until expended, of which $234,504,000 is for the United States
contribution to the tenth replenishment, and $800,000,000 is for the
United States contribution to the eleventh replenishment. [to remain
available until expended: Provided, That none of the funds may be
obligated before March 1, 1997: Provided further, That not less than
twenty days before such funds are obligated, the Secretary of the
Treasury shall submit a report to the Committees on Appropriations on
his efforts to reach agreement with the other IDA-11 donors, including
at the February 1997 IDA-11 donors review meeting, that the procurement
restrictions in the Interim Trust Fund will be lifted.] (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0073-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 710 700 1,035
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 10
22.00 New budget authority (gross)...... 700 700 1,035
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 710 700 1,035
23.95 New obligations................... -710 -700 -1,035
24.40 Unobligated balance available, end
of year: Uninvested balance.....
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 700 700 1,035
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 3,752 3,282 2,843
73.10 New obligations................... 710 700 1,035
73.20 Total outlays (gross)............. -1,180 -1,139 -1,057
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 3,282 2,843 2,821
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 65 64 79
86.93 Outlays from current balances..... 1,115 1,075 978
--------- --------- ----------
87.00 Total outlays (gross)........... 1,180 1,139 1,057
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 700 700 1,035
90.00 Outlays........................... 1,180 1,139 1,057
---------------------------------------------------------------------------

[[Page 80]]

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 $6.9
billion; IDA's gross disbursements were $5.9 billion. Since its
establishment, IDA has made commitments totalling $96.9 billion (as of
June 30, 1996).

The Tenth Replenishment of IDA provides donor country resources of
about $18 billion. The United States pledged $3.75 billion (20.86
percent share of all donor contributions) to the replenishment. The
eleventh replenishment of IDA will provide total resources for new loan
commitments of about $22 billion over three years, 1997-1999. The United
States elected not to participate in FY 1997, the first year of the
three-year replenishment. The United States pledged $1.6 billion for the
last two years of the replenishment (15 percent of total donor
contributions). The 1998 request of $1,034.5 million consists of $234.5
million to clear unmet U.S. commitments and $800 million for the United
States contribution to the eleventh replenishment.

[contribution to the international finance corporation]

[For payment to the International Finance Corporation by the
Secretary of the Treasury, $6,656,000, for the United States share of
the increase in subscriptions to capital stock, to remain available
until expended.] (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0078-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 61 7
----------------------------------------------------------------------------

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

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

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 81 90 36
73.10 New obligations................... 61 7
73.20 Total outlays (gross)............. -53 -60 -33
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 90 36 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 5 1
86.93 Outlays from current balances..... 48 59 33
--------- --------- ----------
87.00 Total outlays (gross)........... 53 60 33
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 61 7
90.00 Outlays........................... 53 60 33
---------------------------------------------------------------------------

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 1996 the Corporation approved 264 new
investments totalling $8.1 billion and net investments for the IFC's own
account were $3.2 billion. IFC's committed loan and equity portfolio
(for its own account) was $9.8 billion as of June 30, 1996.

contribution to multilateral investment guarantee agency

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0084-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

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

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 1996, the MIGA issued 68 guarantees, with a
maximum contingent liability of $862 million, to facilitate aggregate
direct investment of $6.6 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, $25,610,667, and for the
United States share of the increase in the resources of the Fund for
Special Operations, [$10,000,000,] $20,835,000, 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 $1,503,718,910. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0072-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid-in capital................... 26 26 26
00.02 Fund for Special Operations....... 10 10 21
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 36 36 46
----------------------------------------------------------------------------

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)...... 36 36 46
--------- --------- ----------

[[Page 81]]

23.90 Total budgetary resources
available for obligation...... 3,834 3,834 3,844
23.95 New obligations................... -36 -36 -46
24.40 Unobligated balance available, end
of year: Uninvested balance..... 3,798 3,798 3,798
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 36 36 46
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 271 186 121
73.10 New obligations................... 36 36 46
73.20 Total outlays (gross)............. -121 -101 -72
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 186 121 95
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 8 7 7
86.93 Outlays from current balances..... 113 94 65
--------- --------- ----------
87.00 Total outlays (gross)........... 121 101 72
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 36 36 46
90.00 Outlays........................... 121 101 72
---------------------------------------------------------------------------

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 $84.6 billion.

The Bank lends money through: (1) the Ordinary Capital window that
lends at market-based rates; and (2) the Fund for Special Operations
(FSO) which makes loans on concessional terms to the region's poorest
nations.

The 1998 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 $20.8 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], $150,000,000 to remain available until
expended. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0076-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid-in capital................... 13 13 13
00.02 Asian development fund............ 100 100 150
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 113 113 163
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 748 748 748
22.00 New budget authority (gross)...... 113 113 163
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 861 861 911
23.95 New obligations................... -113 -113 -163
24.40 Unobligated balance available, end
of year: Uninvested balance..... 748 748 748
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 113 113 163
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 744 741 729
73.10 New obligations................... 113 113 163
73.20 Total outlays (gross)............. -116 -125 -126
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 741 729 766
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 8 4 5
86.93 Outlays from current balances..... 108 121 121
--------- --------- ----------
87.00 Total outlays (gross)........... 116 125 126
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 113 113 163
90.00 Outlays........................... 116 125 126
---------------------------------------------------------------------------

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 1998 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 third of six installments on
the U.S. subscription to the ADB's fourth general capital increase; and
(2) $150 million in budget authority to participate in the sixth
replenishment of ADF resources, and to partially clear outstanding unmet
commitments on the U.S. share of the $4.2 billion fifth replenishment of
ADF resources.

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
Fund, $50,000,000, to remain available until expended. (P.L.
103-306, section 526c.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0079-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.02 African development fund.......... 50
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 50
----------------------------------------------------------------------------

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

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 492 420 357
73.10 New obligations................... 50
73.20 Total outlays (gross)............. -72 -63 -72
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 420 357 335
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 72 63 72
----------------------------------------------------------------------------

[[Page 82]]

Net budget authority and outlays:
89.00 Budget authority.................. 50
90.00 Outlays........................... 72 63 72
---------------------------------------------------------------------------

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. In that time, Bank management has undertaken far-reaching and
comprehensive restructuring and institutional reforms. 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: $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, [$11,916,447] $35,778,717, for the
United States share of the paid-in [share] portion of the [initial
capital subscription] increase in capital stock, to remain available
until expended.

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 [$27,805,043] $123,237,803. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0088-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 70 12 36
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 70 12 36
23.95 New obligations................... -70 -12 -36
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 70 12 36
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 62 35 16
73.10 New obligations................... 70 12 36
73.20 Total outlays (gross)............. -97 -31 -32
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 35 16 19
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 47 8 19
86.93 Outlays from current balances..... 50 23 13
--------- --------- ----------
87.00 Total outlays (gross)........... 97 31 32
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 70 12 36
90.00 Outlays........................... 97 31 32
---------------------------------------------------------------------------

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
Central and Eastern Europe and the former Soviet Union. Over 80% of
projects approved in 1995 were in the private sector. 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 1995, the EBRD had approved 368 loans and
investments totalling $10.1 billion.

The 1998 request consists of $35.8 million in budget authority for
paid-in capital subscriptions and $123.4 million in program limitations
for callable capital subscriptions for the first of eight installments
on the U.S. subscription to the general capital increase.

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, [$56,000,000] $56,500,000, 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, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1008-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 56 56 57
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 56 56 57
23.95 New obligations................... -56 -56 -57
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 56 56 57
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 2
73.10 New obligations................... 56 56 57
73.20 Total outlays (gross)............. -58 -56 -57
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 56 56 57
86.98 Outlays from permanent balances... 2
--------- --------- ----------
87.00 Total outlays (gross)........... 58 56 57
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 56 56 57
90.00 Outlays........................... 58 56 57
---------------------------------------------------------------------------

The North American Development Bank (NADBank) provides $2-3 billion
in financing for high priority environmental

[[Page 83]]

infrastructure projects in the border region and, more broadly within
the United States for NAFTA-related community adjustment and investment.
The Bank has begun its environmental lending and guarantee operations in
both the United States and Mexico. 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), an 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 1998 request consists of $56.5 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.

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

(transfer of funds)

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 share portion of the initial capital
subscription, up to $52,500,000, to be derived by transfer
from funds appropriated under the head, ``Economic Support
Fund,'' in this or prior appropriations Acts, to remain
available until expended, notwithstanding section 502 of
such acts.

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 without fiscal year limitation to the
callable capital portion of the United States share of such
capital stock in an amount not to exceed $157,500,500.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1028-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 53
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 53
23.95 New obligations................... -53
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation.....................
42.00 Transferred from other accounts... 53
--------- --------- ----------
43.00 Appropriation (total)........... 53
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 53
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 53
73.20 Total outlays (gross)............. -53
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 53
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 53
90.00 Outlays........................... 53
---------------------------------------------------------------------------

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, [$27,500,000] $30,000,000, to remain available until
expended. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0089-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 54 28 30
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 54 28 30
23.95 New obligations................... -54 -28 -30
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 54 28 30
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 217 240 230
73.10 New obligations................... 54 28 30
73.20 Total outlays (gross)............. -30 -38 -45
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 240 230 215
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1 1 1
86.93 Outlays from current balances..... 29 37 44
--------- --------- ----------
87.00 Total outlays (gross)........... 30 38 45
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 54 28 30
90.00 Outlays........................... 30 38 45
---------------------------------------------------------------------------

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

[[Page 84]]

to identify and resolve investment constraints, for investment in human
capital, and for business infrastructure and development.

The 1997 request for the MIF is $30 million for partial payment of
oustanding U.S. commitments to 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, [$169,950,000]
$365,000,000: 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 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
$25,000,000 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, 1997, and that no
later than February 15, 1997, 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 1997: Provided
further, That any amount UNFPA plans to spend in the People's Republic
of China in 1997 shall be deducted from the amount of funds provided to
UNFPA after March 1, 1997, 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 none of the funds appropriated under this
heading may be made available to the Korean Peninsula Energy Development
Organization (KEDO) or the International Atomic Energy Agency (IAEA)]
notwithstanding any other provision of law, funds may be made available
to the Korean Peninsula Energy Development Organization (KEDO). (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
01.01 UNICEF............................ 100 100 100
01.02 UN Development Programme.......... 52 76 100
01.03 UN Population Fund................ 5 43 30
01.04 IAEA funded elsewhere in FY 97.... 36 36
01.05 KEDO funded elsewhere in FY 97.... 22 30
01.08 Various other organizations....... 52 71 69
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 267 290 365
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 18
22.00 New budget authority (gross)...... 285 272 365
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 285 290 365
23.95 New obligations................... -267 -290 -365
24.40 Unobligated balance available, end
of year: Uninvested balance..... 18
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 285 170 365
42.00 Transferred from other accounts... 102
--------- --------- ----------
43.00 Appropriation (total)........... 285 272 365
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 285 272 365
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 108 73 76
73.10 New obligations................... 267 290 365
73.20 Total outlays (gross)............. -302 -287 -342
73.40 Adjustments in expired accounts... 1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 73 76 99
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 226 204 274
86.93 Outlays from current balances..... 76 83 68
--------- --------- ----------
87.00 Total outlays (gross)........... 302 287 342
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 285 272 365
90.00 Outlays........................... 302 287 342
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1005-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 36 34 32
1251 Repayments: Repayments and
prepayments..................... -2 -2
--------- --------- ----------
1290 Outstanding, end of year........ 34 32 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[,] ; and of modifying (a) 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;
and (b) direct loans extended to least developed countries, as
authorized under section 411 of the Agricultural Trade Development and
Assistance Act of 1954, as amended [$27,000,000] $34,000,000, to remain
available until expended, of which $20,000,000 shall be for
modifications under (a) and (b): Provided, That none of the funds
appropriated under this heading shall be obligated except as provided
through the regular notification procedures of the Committees on
Appropriations. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1997.)

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0091-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 6 6
Receipts:
02.01 Downward reestimates and negative
subsidies....................... 6
--------- --------- ----------
04.00 Total: Balances and collections... 6 6 6
07.99 Total balance, end of year........ 6 6 6
---------------------------------------------------------------------------

[[Page 85]]

Program and Financing (in millions of dollars)

Obligations by program activity:
01.01 Debt Restructuring Subsidy: ``Debt
Reduction For the Poorest''
Program......................... 16 29
01.02 Jordan Debt Forgiveness........... 15 12
01.05 Reestimate of EAI Program Subsidy. 26
01.06 Interest on EAI Reestimate........ 2
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 28 31 41
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 15 25 21
22.00 New budget authority (gross)...... 38 27 34
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 53 52 55
23.95 New obligations................... -28 -31 -41
24.90 Unobligated balance available, end
of year: Fund balance........... 25 21 14
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 10 27 34
Permanent:

60.05 Appropriation (indefinite)...... 28
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 38 27 34
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 28 31 41
73.20 Total outlays (gross)............. -28 -31 -41
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 20 22
86.93 Outlays from current balances..... 11 19
86.97 Outlays from new permanent
authority....................... 28
--------- --------- ----------
87.00 Total outlays (gross)........... 28 31 41
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 38 27 34
90.00 Outlays........................... 28 31 41
---------------------------------------------------------------------------

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 $2.3 million, as well as the necessary
authorization, to modify credits extended or guaranteed by the Commodity
Credit Corporation for Honduras.

For Jordan, $12 million would be needed for the fourth 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 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:

[Child Survival and Disease Programs Fund]

Sustainable Development Assistance

For necessary expenses to carry out {the provisions of part I and
chapter 4 of part II] sections 103 through 106 of the Foreign Assistance
Act of 1961, [for child survival, basic education, assistance to combat
tropical and other diseases, and related activities, in addition to
funds otherwise available for such purposes, $600,000,000] $998,000,000,
to remain available until expended: 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, (7) not to exceed $98,000,000 for
basic education programs for children, and (8) a contribution on a grant
basis to the United Nations Children's Fund (UNICEF) pursuant to section
301 of the Foreign Assistance Act of 1961.]

[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, $1,181,500,000, to remain available
until September 30, 1998: 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 of the funds appropriated under this
heading and under the heading ``Child Survival and Disease Programs
Fund'' that are made available by the Agency for International
Development for development assistance activities, the amount made
available to carry out chapter 10 of part I of the Foreign Assistance
Act of 1961 (relating to the Development Fund for Africa) and the amount
made available for activities in the Latin America and Caribbean region
should be in at least the same proportion as the amount identified in
the fiscal year 1997 draft congressional presentation document for
development assistance for each such region is to the total amount
requested for development assistance for such fiscal year: Provided
further, That funds appropriated under this heading may be made
available, notwithstanding any other provision of law except section 515
of this Act, to assist Vietnam to reform its trade regime (such as
through reform of its commercial and investment legal codes): 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

[[Page 86]]

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 in this Act, and of the unobligated balances of funds
previously appropriated under this heading, up to $17,500,000 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 of the funds appropriated under this heading that
are made available for assistance programs for displaced and orphaned
children and victims of war, not to exceed $25,000, in addition to funds
otherwise available for such purposes, may be used to monitor and
provide oversight of such programs: Provided further, That not less than
$500,000 of the funds made available under this heading shall be
available only 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 4 of part II of the Foreign Assistance Act of 1961, not less
than $2,500,000 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
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 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, 1997.)

[International Fund for Ireland]

[For necessary expenses to carry out the provisions of chapter 4 of
part II of the Foreign Assistance Act of 1961, $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, 1998.] (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Functional development assistance. 1,387 1,534 998
00.02 Child Survival and Disease
Programs........................ 500
--------- --------- ----------
10.00 Total obligations............... 1,387 2,034 998
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 110 404
22.00 New budget authority (gross)...... 1,647 1,630 998
22.10 Resources available from
recoveries of prior year
obligations..................... 33
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,790 2,034 998
23.95 New obligations................... -1,387 -2,034 -998
24.40 Unobligated balance available, end
of year: Uninvested balance..... 404
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

Appropriation:
40.00 Appropriation................. 1,675 1,182 998
40.00 Appropriation................. 600
40.35 Appropriation rescinded......... -1
41.00 Transferred to other accounts... -32 -152
--------- --------- ----------
43.00 Appropriation (total)......... 1,642 1,630 998
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 5
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,647 1,630 998
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,513 1,506 2,247
73.10 New obligations................... 1,387 2,034 998
73.20 Total outlays (gross)............. -1,360 -1,293 -1,310
73.45 Adjustments in unexpired accounts. -33
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,506 2,247 1,935
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 67 116 71
86.93 Outlays from current balances..... 1,293 1,177 1,239
--------- --------- ----------
87.00 Total outlays (gross)........... 1,360 1,293 1,310
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -5
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 1,642 1,630 998
90.00 Outlays........................... 1,355 1,293 1,310
---------------------------------------------------------------------------

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 popu-

[[Page 87]]

lation 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)

----------------------------------------------------------------------------
Identification code 72-1021-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
22.0 Transportation of things.......... 3 3 2
23.2 Rental payments to others......... 9 10 5
25.1 Advisory and assistance services.. 56 64 32
25.2 Other services.................... 177 195 94
41.0 Grants, subsidies, and
contributions................... 1,142 1,762 865
--------- --------- ----------
99.9 Total obligations............... 1,387 2,034 998
---------------------------------------------------------------------------

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, [$475,000,000] $492,000,000, to remain
available until [September 30, 1998] 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.
[(d) None of the funds appropriated under this heading may be made
available for new housing construction or repair or reconstruction of
existing housing in Bosnia and Herzegovina unless directly related to
the efforts of United States troops to promote peace in said country.]
[(e) With regard to funds appropriated or otherwise made available
under this heading for the economic revitalization program in Bosnia and
Herzegovina, and local currencies generated by such funds (including the
conversion of funds appropriated under this heading into currency used
by Bosnia and Herzegovina as local currency and local currency returned
or repaid under such program)--]
[(1) the Administrator of the Agency for International
Development shall provide written approval for grants and loans
prior to the obligation and expenditure of funds for such purposes,
and prior to the use of funds that have been returned or repaid to
any lending facility or grantee; and]
[(2) the provisions of section 531 of this Act shall apply.]
[(f) With regard to funds appropriated under this heading that are
made available for economic revitalization programs in Bosnia and
Herzegovina, 50 percent of such funds shall not be available for
obligation unless the President determines and certifies to the
Committees on Appropriations that the Federation of Bosnia and
Herzegovina has complied with article III of annex 1-A of the General
Framework Agreement for Peace in Bosnia and Herzegovina concerning the
withdrawal of foreign forces, and that intelligence cooperation on
training, investigations, and related activities between Iranian
officials and Bosnian officials has been terminated.] (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1010-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 412 594 492
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 63 119
22.00 New budget authority (gross)...... 463 475 492
22.10 Resources available from
recoveries of prior year
obligations..................... 8
22.21 Unobligated balance transferred to
other accounts.................. -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 531 594 492
23.95 New obligations................... -412 -594 -492
24.40 Unobligated balance available, end
of year: Uninvested balance..... 119
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 522 475 492
41.00 Transferred to other accounts..... -59
--------- --------- ----------
43.00 Appropriation (total)........... 463 475 492
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 463 475 492
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 879 839 936
73.10 New obligations................... 412 594 492
73.20 Total outlays (gross)............. -444 -497 -491
73.45 Adjustments in unexpired accounts. -8
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 839 936 937
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 97 124 125
86.93 Outlays from current balances..... 347 373 366
--------- --------- ----------
87.00 Total outlays (gross)........... 444 497 491
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 463 475 492
90.00 Outlays........................... 444 497 491
---------------------------------------------------------------------------

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).

The 1998 budget request includes $200 million for the last of three
installments of the U.S. pledge of $600 million in reconstruction
assistance for Bosnia.

Object Classification (in millions of dollars)

Direct obligations:

11.8 Personnel compensation: Special
personal services payments.... 2 3 3
21.0 Travel and transportation of
persons....................... 1 1 1
25.1 Advisory and assistance services 27 40 36
25.2 Other services.................. 85 125 107
41.0 Grants, subsidies, and
contributions................. 281 425 345
--------- --------- ----------
99.0 Subtotal, direct obligations.. 396 594 492
41.0 Allocation Account: Grants,
subsidies, and contributions.... 16
--------- --------- ----------
99.9 Total obligations............... 412 594 492
---------------------------------------------------------------------------

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, [$625,000,000] $900,000,000, to remain
available until [September 30, 1998] ex-

[[Page 88]]

pended: Provided, That the provisions of such chapter shall apply to
funds appropriated by this paragraph.
(b) Of the funds made available under this heading, not to exceed
$50,000,000 is for the cost of guaranteed loans made to the U.S. Russia
Investment Fund, as authorized by section 635 of the Foreign Assistance
Act of 1961, as amended: 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 these funds are
available to subsidize total loan principal, any part of which is to be
guaranteed, not to exceed $100,000,000.
[(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)(1) Of the funds appropriated under title II of this Act,
including funds appropriated under this heading, not less than
$10,000,000 shall be available only for assistance for Mongolia, of
which amount not less than $6,000,000 shall be available only for the
Mongolian energy sector.]
[(2) Funds made available for assistance for Mongolia may be made
available in accordance with the purposes and utilizing the authorities
provided in chapter 11 of part I of the Foreign Assistance Act of 1961.]
[(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, of which funds not
less than $25,000,000 shall be made available to carry out United States
decommissioning obligations regarding the Chernobyl plant made in the
Memorandum of Understanding between the Government of Ukraine and the G-
7 Group: Provided, That not less than $35,000,000 shall be made
available for agricultural projects, including those undertaken through
the Food Systems Restructuring Program, which leverage private sector
resources with United States Government assistance: Provided further,
That $5,000,000 shall be available for a small business incubator
project: Provided further, That $5,000,000 shall be made available for
screening and treatment of childhood mental and physical illnesses
related to Chernobyl radiation: Provided further, That $5,000,000 shall
be available only for a land and resource management institute to
identify nuclear contamination at Chernobyl: Provided further, That
$15,000,000 shall be available for the legal restructuring necessary to
support a decentralized market-oriented economic system, including
enactment of necessary substantive commercial law, implementation of
reforms necessary to establish an independent judiciary and bar, legal
education for judges, attorneys, and law students, and education of the
public designed to promote understanding of a law-based economy.]
[(l) Of the funds made available for Ukraine, under this Act and
Public Law 104-107, not less than $50,000,000 shall be made available to
improve safety at nuclear reactors: Provided, That of this amount
$20,000,000 shall be provided for the purchase and installation of, and
training for, safety parameter display or control systems at all
operational nuclear reactors: Provided further, That of this amount,
$20,000,000 shall be made available for the purchase, construction,
installation and training for Full Scope and Analytical/Engineering
simulators: Provided further, That of this amount funds shall be made
available to conduct Safety Analysis Reports at all operational nuclear
reactors.]
[(m) Of the funds made available by this Act, not less than
$95,000,000 shall be made available for Armenia.]
[(n)] (c) 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.
[(o)(1) 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) Paragraph (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 made available under this heading, not less than
$10,000,000 shall be made available for a United States contribution to
the Trans-Caucasus Enterprise Fund: Provided, That to further the
development of the private sector in the Trans-Caucasus, such amount and
amounts appropriated for purposes of subsection (t) under the heading
``Assistance for the New Independent States of the Former Soviet Union''
in Public Law 104-107 may be invested in a Trans-Caucasus Enterprise
Fund or, notwithstanding the provisions of such subsection, invested in
other funds established by public or private organizations, or
transferred to the Overseas Private Investment Corporation to be
available, subject to the requirements of the Federal Credit Reform Act,
to subsidize the costs of direct and guaranteed loans.]
[(q)(1) Funds appropriated under this heading may not be made
available for the Government of Ukraine if the President determines and
reports to the Committees on Appropriations that the Govern-

[[Page 89]]

ment of Ukraine is engaged in military cooperation with the Government
of Libya.]
[(2) Paragraph (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.]
[(r) Of the funds appropriated under this heading, not less than
$15,000,000 should be available only for a family planning program for
the New Independent States of the former Soviet Union comparable to the
family planning program currently administered by the Agency for
International Development in the Central Asian Republics and focusing on
population assistance which provides an alternative to abortion.]
[(s) Funds made available under this Act or any other Act (other
than assistance under title V of the FREEDOM Support Act and section
1424 of the ``National Defense Authorization Act for Fiscal Year 1997'')
may not be provided for assistance to the Government of Azerbaijan until
the President determines, and so reports to the Congress, that the
Government of Azerbaijan is taking demonstrable steps to cease all
blockades and other offensive uses of force against Armenia and Nagorno-
Karabakh.]
[(t) Of the funds appropriated under this heading, not less than
$2,500,000 shall be made available for the American-Russian Center.]
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1093-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 546 842 900
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 232 262
22.00 New budget authority (gross)...... 518 576 900
22.10 Resources available from
recoveries of prior year
obligations..................... 75
22.21 Unobligated balance transferred to
other accounts.................. -26 -1
22.22 Unobligated balance transferred
from other accounts............. 10 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 809 842 900
23.95 New obligations................... -546 -842 -900
24.40 Unobligated balance available, end
of year: Uninvested balance..... 262
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 641 625 900
40.35 Appropriation rescinded........... -1
41.00 Transferred to other accounts..... -122 -49
--------- --------- ----------
43.00 Appropriation (total)........... 518 576 900
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 518 576 900
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,390 1,097 1,242
73.10 New obligations................... 546 842 900
73.20 Total outlays (gross)............. -765 -696 -697
73.45 Adjustments in unexpired accounts. -75
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,097 1,242 1,445
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 51 54 61
86.93 Outlays from current balances..... 714 642 636
--------- --------- ----------
87.00 Total outlays (gross)........... 765 696 697
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 518 576 900
90.00 Outlays........................... 765 696 697
---------------------------------------------------------------------------

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
(NIS); and providing access to each other's markets, resources, and
expertise.

The 1998 budget request includes funding for a new ``Partnership for
Freedom'' initiative, designed to foster economic growth, promote U.S.
trade and investment, fight crime, and build civil societies in the NIS.

Object Classification (in millions of dollars)

Direct obligations:

11.8 Personnel compensation: Special
personal services payments.... 3 5 5
21.0 Travel and transportation of
persons....................... 3 4 5
25.1 Advisory and assistance services 46 72 75
25.2 Other services.................. 144 211 230
26.0 Supplies and materials.......... 1
31.0 Equipment....................... 2
41.0 Grants, subsidies, and
contributions................. 307 550 585
--------- --------- ----------
99.0 Subtotal, direct obligations.. 506 842 900
41.0 Allocation Account: Grants,
subsidies, and contributions.... 40
--------- --------- ----------
99.9 Total obligations............... 546 842 900
---------------------------------------------------------------------------

Development Fund for Africa

For necessary expenses to carry out chapter 10 of
part I of the Foreign Assistance Act of 1961, $700,000,000,
to remain available until expended: Provided, That
notwithstanding section 496(n)(2) of such Act, funds
appropriated by this Act may be transferred between this
account and other sustainable development assistance
accounts, as authorized by section 109 of such Act.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1014-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Development Grants................ 124 70 700
--------- --------- ----------
10.00 Total obligations............... 124 70 700
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 141 70
22.00 New budget authority (gross)...... 700
22.10 Resources available from
recoveries of prior year
obligations..................... 54
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 195 70 700
23.95 New obligations................... -124 -70 -700
24.40 Unobligated balance available, end
of year: Uninvested balance..... 70
----------------------------------------------------------------------------

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

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,892 1,316 914
73.10 New obligations................... 124 70 700
73.20 Total outlays (gross)............. -645 -472 -337
73.45 Adjustments in unexpired accounts. -54
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,316 914 1,277
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 50
86.93 Outlays from current balances..... 645 472 287
--------- --------- ----------
87.00 Total outlays (gross)........... 645 472 337
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 700
90.00 Outlays........................... 645 472 337
---------------------------------------------------------------------------

The Development Fund for Africa account provides development
assistance to sub-Saharan African countries. This ac-

[[Page 90]]

count 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)

Direct obligations:

22.0 Transportation of things........ 1
23.2 Rental payments to others....... 4
25.1 Advisory and assistance services 7 2 25
25.2 Other services.................. 27 8 75
26.0 Supplies and materials.......... 5
41.0 Grants, subsidies, and
contributions................. 82 60 595
--------- --------- ----------
99.0 Subtotal, direct obligations.. 121 70 700
41.0 Allocation Account: Grants,
subsidies, and contributions.... 3
--------- --------- ----------
99.9 Total obligations............... 124 70 700
---------------------------------------------------------------------------

Sahel Development Program

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1012-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Development Grants................ 1
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 1 1
23.95 New obligations................... -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 12 3 1
73.10 New obligations................... 1
73.20 Total outlays (gross)............. -10 -2 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 3 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 10 2 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 10 2 1
---------------------------------------------------------------------------

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 19 13 10
73.20 Total outlays (gross)............. -5 -3 -3
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 13 10 7
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 5 3 3
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 5 3 3
---------------------------------------------------------------------------

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.10 Resources available from
recoveries of prior year
obligations..................... 2
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 14 8 4
73.20 Total outlays (gross)............. -5 -4 -2
73.45 Adjustments in unexpired accounts. -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 8 4 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 5 4 2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 5 4 2
---------------------------------------------------------------------------

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, $190,000,000, to remain
available until expended. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations................. 166 235 190
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 23 45
22.00 New budget authority (gross)...... 181 190 190
22.10 Resources available from
recoveries of prior year
obligations..................... 6
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 210 235 190
23.95 New obligations................... -166 -235 -190
24.40 Unobligated balance available, end
of year: Uninvested balance..... 45
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 181 190 190
----------------------------------------------------------------------------

[[Page 91]]

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 213 226 299
73.10 New obligations................... 166 235 190
73.20 Total outlays (gross)............. -146 -162 -178
73.45 Adjustments in unexpired accounts. -6
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 226 299 311
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 21 48 48
86.93 Outlays from current balances..... 125 114 130
--------- --------- ----------
87.00 Total outlays (gross)........... 146 162 178
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 181 190 190
90.00 Outlays........................... 146 162 178
---------------------------------------------------------------------------

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
11.8 Personnel compensation: Special
personal services payments...... 4 5 5
21.0 Travel and transportation of
persons......................... 1 1 1
22.0 Transportation of things.......... 1 2 1
25.2 Other services.................... 15 20 17
26.0 Supplies and materials............ 4 5 6
41.0 Grants, subsidies, and
contributions................... 141 202 160
--------- --------- ----------
99.9 Total obligations............... 166 235 190
---------------------------------------------------------------------------

Operating Expenses of the Agency for International Development

For necessary expenses to carry out the provisions of section 667,
[$470,750,000: Provided, That none of the funds appropriated by this Act
for programs administered by the Agency for International Development
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] $473,000,000, to remain available until
September 30, 1999. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Direct program.................... 478 524 488
00.02 Direct Obligations--Accrued
Separation Liability TF......... 3 2 2
00.03 Reimbursable program.............. 6 6 6
--------- --------- ----------
10.00 Total obligations............... 487 532 496
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 27 40 17
22.00 New budget authority (gross)...... 475 495 479
22.10 Resources available from
recoveries of prior year
obligations..................... 26 14 12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 528 549 508
23.95 New obligations................... -487 -532 -496
24.40 Unobligated balance available, end
of year: Uninvested balance..... 40 17 12
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 466 471 473
42.00 Transferred from other accounts. 3 18
--------- --------- ----------
43.00 Appropriation (total)......... 469 489 473
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 6 6 6
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 475 495 479
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 177 168 166
73.10 New obligations................... 487 532 496
73.20 Total outlays (gross)............. -472 -520 -463
73.40 Adjustments in expired accounts... 2
73.45 Adjustments in unexpired accounts. -26 -14 -12
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 168 166 187
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 342 362 350
86.93 Outlays from current balances..... 124 152 107
86.97 Outlays from new permanent
authority....................... 6 6 6
--------- --------- ----------
87.00 Total outlays (gross)........... 472 520 463
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

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

Net budget authority and outlays:
89.00 Budget authority.................. 469 489 473
90.00 Outlays........................... 467 514 457
---------------------------------------------------------------------------

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........... 179 170 169
11.3 Other than full-time permanent 6 5 5
11.5 Other personnel compensation.. 8 8 9
11.8 Special personal services
payments.................... 37 38 37
--------- --------- ----------
11.9 Total personnel compensation 230 221 220
12.1 Civilian personnel benefits..... 62 63 63
13.0 Benefits for former personnel... 2 1 1
21.0 Travel and transportation of
persons....................... 20 27 25
22.0 Transportation of things........ 11 10 9
23.1 Rental payments to GSA.......... 5 11 26
23.2 Rental payments to others....... 28 34 24
23.3 Communications, utilities, and
miscellaneous charges......... 14 14 14
24.0 Printing and reproduction....... 1 1 1
25.1 Advisory and assistance services 2 7 5
25.2 Other services.................. 52 48 44
25.3 Purchases of goods and services
from Government accounts...... 5 21 21
25.4 Operation and maintenance of
facilities.................... 7 7 6
25.7 Operation and maintenance of
equipment..................... 11 13 13
26.0 Supplies and materials.......... 7 7 6
31.0 Equipment....................... 23 36 8
32.0 Land and structures............. 1
41.0 Grants, subsidies, and
contributions................. 2 2 2
42.0 Insurance claims and indemnities 1 1 1
--------- --------- ----------
99.0 Subtotal, direct obligations.. 483 525 489
99.0 Reimbursable obligations.......... 6 6 6
99.5 Below reporting threshold......... -2 1 1
--------- --------- ----------
99.9 Total obligations............... 487 532 496
---------------------------------------------------------------------------

[[Page 92]]

Personnel Summary

1001 Full-time equivalent employment. 3,090 2,799 2,703
1005 Full-time equivalent of overtime
and holiday hours............. 13 13 13
1011 Exempt Full-time equivalent
employment.................... 26 27 27
Reimbursable:
2001 Total compensable workyears: Full-
time equivalent employment...... 3 3 3
---------------------------------------------------------------------------

Payment to the Foreign Service Retirement and Disability Fund

For payment to the Foreign Service Retirement and Disability Fund,
as authorized by law, [$43,826,000] $44,208,000. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1036-0-1-153 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
13.0)........................... 44 44 44
----------------------------------------------------------------------------

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

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

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

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

Net budget authority and outlays:
89.00 Budget authority.................. 44 44 44
90.00 Outlays........................... 44 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,
[$30,000,000] $29,047,000, to remain available until [September 30,
1998] 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,
1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct program.................... 31 34 33
--------- --------- ----------
10.00 Total obligations............... 31 34 33
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 8 8 4
22.00 New budget authority (gross)...... 30 30 29
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...... 39 38 33
23.95 New obligations................... -31 -34 -33
24.40 Unobligated balance available, end
of year: Uninvested balance..... 8 4
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 30 30 29
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 12 7 12
73.10 New obligations................... 31 34 33
73.20 Total outlays (gross)............. -33 -29 -26
73.45 Adjustments in unexpired accounts. -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 7 12 19
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 23 21 20
86.93 Outlays from current balances..... 10 8 6
--------- --------- ----------
87.00 Total outlays (gross)........... 33 29 26
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 30 30 29
90.00 Outlays........................... 33 29 26
---------------------------------------------------------------------------

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 15 14
11.5 Other personnel compensation.... 1 1 1
11.8 Special personal services
payments...................... 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 16 17 16
12.1 Civilian personnel benefits....... 4 4 4
21.0 Travel and transportation of
persons......................... 2 2 2
22.0 Transportation of things.......... 1 1
23.1 Rental payments to GSA............ 1 1 2
23.2 Rental payments to others......... 1 2 1
25.2 Other services.................... 2 3 3
25.3 Purchases of goods and services
from Government accounts........ 2 2 2
31.0 Equipment......................... 1 1 1
32.0 Land and structures............... 1
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total obligations............... 31 34 33
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Total compensable workyears:
1001 Full-time equivalent employment... 207 230 229
1005 Full-time equivalent of overtime
and holiday hours............... 1 1 1
---------------------------------------------------------------------------

[[Page 93]]

Public enterprise funds:

Property Management Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4175-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
32.0)........................... 6
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 2 4 6
22.00 New budget authority (gross)...... 2 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4 6 6
23.95 New obligations................... -6
24.40 Unobligated balance available, end
of year: Uninvested balance..... 4 6
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 2 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1
73.10 New obligations................... 6
73.20 Total outlays (gross)............. -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 6
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 1
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

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

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

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.

Intragovernmental funds:

Advance Acquisition of Property--Revolving Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4590-0-4-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 2 1 1
24.90 Unobligated balance available, end
of year: Fund balance........... 1 1 1
----------------------------------------------------------------------------

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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 2 2 1 1
------------ -------------- ------------ -------------
1999 Total assets.................... 2 2 1 1
NET POSITION:
3300 Cumulative results of operations.. 2 2 1 1
------------ -------------- ------------ -------------
3999 Total net position.............. 2 2 1 1
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 2 1 1
-----------------------------------------------------------------------------------------------

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:
00.02 Guaranty Loan Subsidy............. 11 8
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 11 8
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 16 13
22.21 Unobligated balance transferred to
NIS account..................... -5
22.22 Unobligated balance transferred
from NIS account................ 7
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 23 8
23.95 New obligations................... -11 -8
24.90 Unobligated balance available, end
of year: Fund balance........... 13
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 11
73.10 New obligations................... 11 8
73.20 Total outlays (gross)............. -19
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 11
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 19
----------------------------------------------------------------------------

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

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 81 63
--------- --------- ----------
2159 Total loan guarantee levels..... 81 63
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 13.14 13.19
--------- --------- ----------
2329 Weighted average subsidy rate... 13.14 13.19

[[Page 94]]

Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 11 8
--------- --------- ----------
2339 Total subsidy budget authority.. 11 8
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 19
--------- --------- ----------
2349 Total subsidy outlays........... 19
---------------------------------------------------------------------------

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.................... 15
--------- --------- ----------
10.00 Total obligations............... 15
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 1 26
22.00 New financing authority (gross)... 1 25 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 26 27
23.95 New obligations................... -15
24.90 Unobligated balance available, end
of year: Fund balance........... 1 26 12
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 1 25 1
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 15
73.20 Total financing disbursements
(gross)......................... -15
87.00 Total financing disbursements
(gross)......................... 15
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources............... -19
88.25 Interest on uninvested funds.. -1 -1
88.40 Non-Federal sources........... -1 -5
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -1 -25 -1
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -1 -25 14
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2131 Guaranteed loan commitments exempt
from limitation................. 81 63
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 81 63
2199 Guaranteed amount of guaranteed
loan commitments................ 81 63
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 81 144
2231 Disbursements of new guaranteed
loans........................... 81 63
2251 Repayments and prepayments........ -66
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -15
--------- --------- ----------
2290 Outstanding, end of year........ 81 144 63
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 81 144 63
----------------------------------------------------------------------------

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

2310 Outstanding, start of year......
2331 Disbursements for guaranteed
loan claims................... 15
2361 Write-offs of loans receivable..
--------- --------- ----------
2390 Outstanding, end of year...... 15
---------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4345-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 1 26 12
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:

1501 Defaulted guaranteed loans
receivable, gross............. 15
1505 Allowance for subsidy cost (-).. -15
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............
------------ -------------- ------------ -------------
1999 Total assets.................... 1 26 12
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 1 26 12
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 26 12
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1 26 12
-----------------------------------------------------------------------------------------------

debt reduction, financing account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Payment to liquidating acct-HG and
direct loans for debt
restructuring................... 35 5
00.02 Interest on Treasury borrowing-EAI
debt............................ 22 15 12
00.03 Interest on Treasury Borrowing-HG
and direct loans................ 2 2
--------- --------- ----------
10.00 Total obligations............... 22 52 19
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 49 1
22.00 New financing authority (gross)... 22 52 20
22.60 Redemption of debt................ -48 -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 23 52 20
23.95 New obligations................... -22 -52 -19
24.90 Unobligated balance available, end
of year: Fund balance........... 1
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow
(indefinite)-HG and direct loans 30 5
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 81 70 58
68.47 Portion applied to debt
reduction..................... -59 -48 -43
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 22 22 15
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 22 52 20
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 22 52 19
73.20 Total financing disbursements
(gross)......................... -22 -52 -19
87.00 Total financing disbursements
(gross)......................... 22 52 19
----------------------------------------------------------------------------

[[Page 95]]

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
Federal sources:
88.00 Federal sources-EAI
reestimate................ -18
88.00 Federal sources-HG and
direct loan restructuring. -7 -3
88.25 Interest on uninvested funds-
EAI debt.................... -6 -2 -2
88.40 Repayments of principal-EAI
debt........................ -57 -61 -53
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -81 -70 -58
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... -59 -18 -38
90.00 Financing disbursements........... -59 -18 -39
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 453 396 370
1233 Disbursements: Purchase of loans
assets from a liquidating
account......................... 35 5
1251 Repayments: Repayments and
prepayments..................... -57 -61 -53
--------- --------- ----------
1290 Outstanding, end of year........ 396 370 322
---------------------------------------------------------------------------

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.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 45 1
Investments in US securities:
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................... 453 396 335 317
1401 Direct loans receivable,
gross-HG and direct loans... 35 5
Allowance for subsidy cost (-):
1405 Allowance for subsidy cost
(-)-EAI..................... -187 -169 -156 -146
1405 Allowance for subsidy cost
(-)-HG and direct loans..... -7 -3
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 266 227 207 173
------------ -------------- ------------ -------------
1999 Total assets.................... 313 228 207 173
LIABILITIES:
2103 Federal liabilities: Debt-EAI..... 313 228 207 173
------------ -------------- ------------ -------------
2999 Total liabilities............... 313 228 207 173
------------ -------------- ------------ -------------
4999 Total liabilities and net position 313 228 207 173
-----------------------------------------------------------------------------------------------

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..... 242 341 451
22.00 New financing authority (gross)... 99 110 105
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 341 451 556
23.95 New obligations...................
24.90 Unobligated balance available, end
of year: Fund balance........... 341 451 556
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 99 110 105
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -20 -24 -20
88.40 Non-Federal sources: Fees and
premiums.................... -79 -86 -85
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -99 -110 -105
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -99 -110 -105
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 2,000 2,000
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 2,000 2,000
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 4,813 6,564 8,564
2231 Disbursements of new guaranteed
loans........................... 1,751 2,000
--------- --------- ----------
2290 Outstanding, end of year........ 6,564 8,564 8,564
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 6,564 8,564 8,564
---------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 242 341 463 463
------------ -------------- ------------ -------------
1999 Total assets.................... 242 341 463 463
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 242 341 463 463
------------ -------------- ------------ -------------
2999 Total liabilities............... 242 341 463 463
-----------------------------------------------------------------------------------------------

[Housing Guaranty] Urban and Environmental Credit 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, [$3,500,000] including the cost of
guaranteed loans designed to promote the urban and environmental
policies and objectives of part I of such Act, $3,000,000, to remain
available until [September 30, 1998] 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, $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 Central and Eastern Europe and programs
for the benefit of South Africans disadvantaged by apartheid, section
223(j) of the Foreign Assistance Act of 1961. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1997.)

[[Page 96]]

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 9 9
Receipts:
02.01 AID-housing guarantees, Downward
reestimates of subsidies........ 9
--------- --------- ----------
04.00 Total: Balances and collections... 9 9 9
07.99 Total balance, end of year........ 9 9 9
---------------------------------------------------------------------------

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Guaranteed loan subsidy........... 4 4 3
00.09 Administrative expenses........... 7 6 6
--------- --------- ----------
10.00 Total obligations............... 11 10 9
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 11 10 9
23.95 New obligations................... -11 -10 -9
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 11 10 9
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 47 38 29
73.10 New obligations................... 11 10 9
73.20 Total outlays (gross)............. -20 -21 -17
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 38 29 23
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 4 5 5
86.93 Outlays from current balances..... 16 16 12
--------- --------- ----------
87.00 Total outlays (gross)........... 20 21 17
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 11 10 9
90.00 Outlays........................... 20 21 17
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 82 46 46
--------- --------- ----------
2159 Total loan guarantee levels..... 82 46 46
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 9.87 7.61 6.52
--------- --------- ----------
2329 Weighted average subsidy rate... 9.87 7.61 6.52
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 4 4 3
--------- --------- ----------
2339 Total subsidy budget authority.. 4 4 3
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 15 15 11
--------- --------- ----------
2349 Total subsidy outlays........... 15 15 11
---------------------------------------------------------------------------

The Urban and Environmental Credit Program (formerly the Housing
Guaranty Program) provides long-term financing to developing countries
for innovative urban investment programs in areas such as shelter,
potable water, wastewater treatment, solid waste disposal, environmental
improvement of poor urban neighborhoods, and energy distribution. These
investments focus on improving the quality of life for the urban poor
through the development of infrastructure and the encouragement of
reforms in urban policy. The Urban and Environmental Credit Program
operates by guaranteeing loans from U.S. private investors to borrowers
in developing countries who are implementing urban programs which have
been agreed with U.S.A.I.D.

As required by the Federal Credit Reform Act of 1990, this account
records, for the Urban and Environmental Credit 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............. 3 3 2
--------- --------- ----------
11.9 Total personnel compensation.. 3 3 2
25.3 Purchases of goods and services
from Government accounts........ 1 1 1
41.0 Grants, subsidies, and
contributions................... 6 5 5
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total obligations............... 11 10 9
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 25 26 26
---------------------------------------------------------------------------

[Housing and Other Credit Guaranty Programs] Urban and Environmental
Credit Program Guaranteed Loan Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Payment of downward reestimate to
receipt account................. 10
--------- --------- ----------
10.00 Total obligations (object class
24.4)......................... 10
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 67 74 89
22.00 New financing authority (gross)... 17 15 10
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 84 89 99
23.95 New obligations................... -10
24.90 Unobligated balance available, end
of year: Fund balance........... 74 89 99
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 17 15 10
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Obligated
balance......................... 2 2 2
73.10 New obligations................... 10
73.20 Total financing disbursements
(gross)......................... -10
74.90 Unpaid obligations, end of year:
Obligated balance: Obligated
balance......................... 2 2 2
87.00 Total financing disbursements
(gross)......................... 10
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -12 -13 -5

[[Page 97]]

88.25 Interest on uninvested funds.. -3 -1 -3
88.40 Non-Federal sources: Fees and
premiums.................... -2 -1 -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -17 -15 -10
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -7 -15 -10
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4344-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2131 Guaranteed loan commitments exempt
from limitation................. 82 42 46
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 82 42 46
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 179 239 314
2231 Disbursements of new guaranteed
loans........................... 60 75 50
--------- --------- ----------
2290 Outstanding, end of year........ 239 314 364
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 239 314
---------------------------------------------------------------------------

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) Urban and Environmental Credit 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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 28 35 60 60
Investments in US securities:
1106 Accounts receivable from
program accounts............ 43 36 31 31
------------ -------------- ------------ -------------
1999 Total assets.................... 71 71 91 91
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 28 35 60 60
------------ -------------- ------------ -------------
2999 Total liabilities............... 28 35 60 60
NET POSITION:
3100 Appropriated capital.............. 43 36 31 31
------------ -------------- ------------ -------------
3999 Total net position.............. 43 36 31 31
------------ -------------- ------------ -------------
4999 Total liabilities and net position 71 71 91 91
-----------------------------------------------------------------------------------------------

Housing and Other Credit Guaranty Programs Liquidating Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.04 Claim payments.................... 53 43 49
00.05 Interest on borrowing............. 11 12 10
--------- --------- ----------
10.00 Total obligations............... 64 55 59
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.47 Unobligated balance available,
start of year: Authority to
borrow--Debt Reduction.......... 23
22.00 New budget authority (gross)...... 64 78 64
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 64 78 87
23.95 New obligations................... -64 -55 -59
24.47 Unobligated balance available, end
of year: Authority to borrow--
Debt Reduction.................. 23 28
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 23 44 51
Spending authority from offsetting
collections:

Offsetting collections (cash):
68.00 Offsetting collections (cash). 56 36 33
68.00 Offsetting collections (Debt
Reduction).................. 23 5
68.47 Portion applied to debt
reduction..................... -15 -25 -25
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 41 34 13
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 64 78 64
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 6 5 4
73.10 New obligations................... 64 55 59
73.20 Total outlays (gross)............. -65 -56 -60
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance. 5 4 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 64 55 59
86.98 Outlays from permanent balances... 1 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 65 56 60
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
Federal sources:
88.00 Federal sources............. -5 -6 -6
88.00 Federal sources--Debt
Reduction................. -23 -5
Non-Federal sources:
88.40 Recoveries of claims........ -20 -12 -9
88.40 Fees........................ -6 -9 -9
88.40 Interest & late pmt.
collections............... -25 -9 -9
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -56 -59 -38
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 8 19 26
90.00 Outlays........................... 10 -3 22
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 2,014 1,950 1,875
2231 Disbursements of new guaranteed
loans........................... 2 33 2
2251 Repayments and prepayments........ -44 -88 -85
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -22 -20 -24
--------- --------- ----------
2290 Outstanding, end of year........ 1,950 1,875 1,768
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,950 1,875 1,768
----------------------------------------------------------------------------

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

2310 Outstanding, start of year...... 442 466 440
2331 Disbursements for guaranteed
loan claims................... 53 58 80
Repayments of loans receivable:
2351 Repayments of loans receivable -24 -12 -9
2351 Repayments of loans
receivable--Debt Reduction.. -23 -5
2361 Write-offs of loans receivable.. -5 -49 -28
--------- --------- ----------
2390 Outstanding, end of year...... 466 440 478
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records, for the [Urban and Environmental Credit 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.

[[Page 98]]

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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
0111 Revenue........................... 59 20 22 20
0112 Expense........................... -178 -21 -24 -20
------------ -------------- ------------ -------------
0119 Net income or loss (-)............ -119 -1 -2
------------ -------------- ------------ -------------
0199 Net income or loss................ -119 -1 -2
-----------------------------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 6 4 5 5
1206 Non-Federal assets: Receivables,
net............................. 1
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:

Defaulted guaranteed loans,
gross:
1701 Defaulted guaranteed loans,
gross....................... 442 476 499 499
1701 Defaulted guaranteed loans,
gross--Debt Reduction....... -72 -105
1703 Allowance for estimated
uncollectible loans and
interest (-).................. -403 -453 -319 -304
1704 Defaulted guaranteed loans and
interest receivable, net...... 39 23 108 90
------------ -------------- ------------ -------------
1799 Value of assets related to
loan guarantees............. 39 23 108 90
1803 Other Federal assets: Property,
plant and equipment, net........
------------ -------------- ------------ -------------
1999 Total assets.................... 46 27 113 95
LIABILITIES:
Federal liabilities:

2102 Interest payable................ 5 5 4 4
2103 Debt............................ 125 110 85 85
2105 Other........................... 5 3 3
Non-Federal liabilities:

2201 Accounts payable................ 15
2204 Liabilities for loan guarantees. 686 654 670 670
------------ -------------- ------------ -------------
2999 Total liabilities............... 831 774 762 762
NET POSITION:
3100 Appropriated capital.............. 159 182 205 205
Cumulative results of operations:

3300 Cumulative results of operations -944 -929 -782 -767
3300 Cumulative results of
operations--Debt Reduction.... -72 -105
------------ -------------- ------------ -------------
3999 Total net position.............. -785 -747 -649 -667
------------ -------------- ------------ -------------
4999 Total liabilities and net position 46 27 113 95
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
33.0 Investments and loans............. 53 43 49
43.0 Interest and dividends............ 11 12 10
99.0 Subtotal, reimbursable obligations 64 55 59
--------- --------- ----------
99.9 Total obligations............... 64 55 59
---------------------------------------------------------------------------

Micro and Small Enterprise Development Program Account

For the cost of direct loans and loan guarantees, $1,500,000, as
authorized by section 108 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
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, 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, [1998]
1999. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

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

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2 2 2
23.95 New obligations................... -1 -1 -2
24.40 Unobligated balance available, end
of year: Uninvested balance..... 1 1
----------------------------------------------------------------------------

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

Outlays (gross), detail:
86.90 Outlays from new current authority 1 1 1
86.93 Outlays from current balances..... 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 2 2
----------------------------------------------------------------------------

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

The Microenterprise and Small Enterprise 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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 39 39 48
--------- --------- ----------
2159 Total loan guarantee levels..... 39 39 48
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 3.18 3.18 3.18
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 2 2 2
--------- --------- ----------
2339 Total subsidy budget authority.. 2 2 2
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 1
---------------------------------------------------------------------------

[[Page 99]]

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
41.0 Direct obligations: Grants,
subsidies, and contributions.... 1 1 1
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total obligations............... 1 1 2
---------------------------------------------------------------------------

Microenterprise and Small Enterprise Development Credit Direct Loan
Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loans...................... 1 1
--------- --------- ----------
10.00 Total obligations............... 1 1
----------------------------------------------------------------------------

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

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 1 1
1 1
----------------------------------------------------------------------------

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

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

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4342-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1131 Direct loan obligations exempt
from limitation................. 1 1
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 1 2 2
1231 Disbursements: Direct loan
disbursements................... 1 1
--------- --------- ----------
1290 Outstanding, end of year........ 2 2 3
---------------------------------------------------------------------------

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 Small Enterprise 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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 1 2 2 3
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 1 2 2 3
------------ -------------- ------------ -------------
1999 Total assets.................... 1 2 2 3
LIABILITIES:
2201 Non-Federal liabilities: Accounts
payable......................... 1 2 2 3
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 2 2 3
-----------------------------------------------------------------------------------------------

Microenterprise and Small Enterprise Development Guaranteed Loan
Financing Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 1 1 1
24.90 Unobligated balance available, end
of year: Fund balance........... 1 1 1
----------------------------------------------------------------------------

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

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4343-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2131 Guaranteed loan commitments exempt
from limitation................. 96 96 96
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 24 26 30
2231 Disbursements of new guaranteed
loans........................... 2 4
--------- --------- ----------
2290 Outstanding, end of year........ 26 30 30
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 13 13 15
---------------------------------------------------------------------------

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 Small Enterprise 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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 2 2 2 2
Investments in US securities:
1106 Accounts receivable from
program account............. 2
------------ -------------- ------------ -------------
1999 Total assets.................... 4 2 2 2
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 2 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 2 1 1 1
NET POSITION:
3100 Appropriated capital.............. 2 1 1 2
------------ -------------- ------------ -------------
3999 Total net position.............. 2 1 1 2
------------ -------------- ------------ -------------
4999 Total liabilities and net position 4 2 2 3
-----------------------------------------------------------------------------------------------

[[Page 100]]

Private Sector Revolving Fund Liquidating Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 4 4
22.00 New budget authority (gross)...... 3 2
22.40 Capital transfer to general fund.. -3 -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3 3 1
24.40 Unobligated balance available, end
of year: Uninvested balance..... 4 4 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 3 2
3 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 2 1 1
73.20 Total outlays (gross)............. -1
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance. 1 1 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 1
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -3 -2
----------------------------------------------------------------------------

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

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 19 16 4
2264 Adjustments: Other adjustments,
net............................. -3 -12
--------- --------- ----------
2290 Outstanding, end of year........ 16 4 4
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 8 2 2
---------------------------------------------------------------------------

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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 2 3 1 1
------------ -------------- ------------ -------------
1599 Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
Net present value of assets
related to defaulted
guaranteed loans.............. 2 2 2
------------ -------------- ------------ -------------
1999 Total assets.................... 2 3 1 1
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 2
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 2 1 1 1
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 1 1 1
-----------------------------------------------------------------------------------------------

Economic Assistance Loans--Liquidating Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 882 903 837
Capital transfer to general fund:

22.40 Capital transfer to general fund -882 -891 -837
22.40 Capital transfer to general
fund--Debt Reduction.......... -12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation......
----------------------------------------------------------------------------

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

Offsetting collections (cash):
68.00 Offsetting collections (cash). 882 891 837
68.00 Offsetting collections
(cash)--Debt Reduction...... 12
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 882 903 837
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 882 903 837
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 13 10 6
73.20 Total outlays (gross)............. -3 -4
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance. 10 6 6
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 3 4
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
88.00 Federal sources--Debt
Reduction................... -12
Non-Federal sources:
88.40 Principal Repayments........ -558 -607 -577
88.40 Interest Collections........ -324 -284 -260
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -882 -903 -837
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -879 -899 -837
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4103-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 13,278 12,649 11,977
1231 Disbursements: Direct loan
disbursements................... 3 4
Repayments:

Repayments and prepayments:
1251 Repayments and prepayments.... -558 -607 -577
1251 Repayments and prepayments--
Debt Reduction.............. -12
Write-offs for default:

Other adjustments, net:
1264 Other adjustments, net........ -74
1264 Other adjustments, net--Debt
Reduction................... -57
--------- --------- ----------
1290 Outstanding, end of year........ 12,649 11,977 11,400
---------------------------------------------------------------------------
\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.

[[Page 101]]

Trust Funds

Foreign Service National Separation Liability Trust Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-8342-0-7-602 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
12.1)........................... 3 2 2
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2 2 2
23.95 New obligations................... -3 -2 -2
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 2 2 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 7 6 5
73.10 New obligations................... 3 2 2
73.20 Total outlays (gross)............. -2 -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 6 5 6
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 2 1 1
----------------------------------------------------------------------------

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

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-9971-0-7-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
99.5)........................... 2
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Treasury balance. 2 2
23.95 New obligations................... -2
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2
----------------------------------------------------------------------------

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

Outlays (gross), detail:
86.98 Outlays from permanent balances... 1 1 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1 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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 4 3 3 3
------------ -------------- ------------ -------------
1999 Total assets.................... 4 3 3 3
LIABILITIES:
2202 Non-Federal liabilities: Interest
payable......................... 1 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 1 1 1
NET POSITION:
3300 Cumulative results of operations.. 3 3 3 3
------------ -------------- ------------ -------------
3999 Total net position.............. 3 3 3 3
------------ -------------- ------------ -------------
4999 Total liabilities and net position 4 4 4 4
-----------------------------------------------------------------------------------------------

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 $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, 1997.)

Unavailable Collections (in millions of dollars)

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:
00.01 Noncredit administrative expense.. 13 13 13
00.02 Insurance claim payments/
provisions...................... 27 30 35
00.03 Credit administration expenses.... 16 19 19
--------- --------- ----------
10.00 Total obligations............... 56 62 67
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 21 20 21
22.00 New budget authority (gross)...... 56 62 67
22.10 Resources available from
recoveries of prior year
obligations..................... 1 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 78 83 89
23.95 New obligations................... -56 -62 -67
24.40 Unobligated balance available, end
of year: Uninvested balance..... 20 21 22
----------------------------------------------------------------------------

[[Page 102]]

New budget authority (gross), detail:
Current:

41.00 Transferred to other accounts... -16 -19 -79
Permanent:

Spending authority from
offsetting collections:
68.00 Offsetting collections (cash). 235 284 304
68.10 Change in orders on hand from
Federal sources............. 16
68.45 Portion not expected to be
obligated................... -179 -203 -158
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)................... 72 81 146
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 56 62 67
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 81 88 100
73.10 New obligations................... 56 62 67
73.20 Total outlays (gross)............. -34 -49 -59
73.45 Adjustments in unexpired accounts. -1 -1 -1
Unpaid obligations, end of year:

74.40 Obligated balance: Appropriation 88 100 108
74.95 Orders on hand from Federal
sources....................... 16
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 104 100 108
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 10 40 44
86.98 Outlays from permanent balances... 24 9 15
--------- --------- ----------
87.00 Total outlays (gross)........... 34 49 59
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
88.00 Federal sources............... -19 -19
88.20 Interest on U.S. securities... -154 -170 -181
88.40 Non-Federal sources........... -81 -95 -104
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -235 -284 -304
88.95 Change in orders on hand from
Federal sources................. -16
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -195 -222 -237
90.00 Outlays........................... -203 -235 -245
---------------------------------------------------------------------------

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....................... 2,065 2,252 2,468
0102 Unrealized discounts............ -20 -22 -20
--------- --------- ----------
0199 Total balance, start of year.... 2,065 2,250 2,468
Cash income during the year:
Offsetting collections:

0280 Offsetting Collections.......... 235 284 304
Cash outgo during year:
0500 Overseas Private Investment
Corporation noncredit account... -34 -49 -59
0645 Balance transferred, net.......... -16 -19 -79
Unexpended balance, end of year:
0700 Treasury balance.................. 20 20 20
U.S. Securities:

0701 Par value....................... 2,252 2,468 2,634
0702 Unrealized discounts............ -22 -20 -20
--------- --------- ----------
0799 Total balance, end of year...... 2,250 2,468 2,634
---------------------------------------------------------------------------
INSURANCE PROGRAM ACTIVITY
[In millions 1995 actual 1996 actual 1997 est. 1998 est.
Aggregate insurance outstanding, start of year.. 16,177 21,297 31,395 33,378
Aggregate insurance issued during year.......... 8,605 16,584 8,700 10,300
Aggregate insurance reductions and cancellations -3,485 -6,486 -6,358 -6,832
------------------------------------------------
Aggregate insurance outstanding, end of year.... 21,297 31,395 33,738 37,206
Net growth/(decline) of portfolio............... 5,120 10,098 2,342 3,468
Net growth rate of insurance portfolio.......... 31.65% 47.42% 7.46% 10.28%
------------------------------------------------

STATUS OF INSURANCE AUTHORITY

[In millions 1995 actual 1996 actual 1997 est. 1998 est.
Statutory authority limitation.................. 13,500 13,500 \1\ 23,000 (\2\)
Maximum contingent liability, end of year....... 11,501 13,386 16,734 18,454
Estimated potential exposure to claims, end of
year........................................ 7,880 6,413 9,784 10,790
================================================
\1\ This is a combined insurance and finance limitation created under
OPIC's FY97 appropriation. OPIC will monitor issuance and runoff to stay
within the limitation.
\2\ A new statutory limitation will be proposed in OPIC's
reauthorization.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 18 36 20 20
Investments in US securities:
1102 Treasury securities, par...... 2,201 2,396 2,500 2,650
1106 Receivables, net.............. 44 44 44 44
1206 Non-Federal assets: Receivables,
net............................. 14 9 14 15
1803 Other Federal assets: Property,
plant and equipment, net........ 9 12 14 15
------------ -------------- ------------ -------------
1999 Total assets.................... 2,286 2,497 2,592 2,744
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 3
Non-Federal liabilities:

2201 Accounts payable................ 55 56 58 60
2207 Other........................... 84 108 130 155
------------ -------------- ------------ -------------
2999 Total liabilities............... 142 164 188 215
NET POSITION:
3300 Cumulative results of operations.. 2,144 2,333 2,404 2,529
------------ -------------- ------------ -------------
3999 Total net position.............. 2,144 2,333 2,404 2,529
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2,286 2,497 2,592 2,744
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 5 5 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.................... 3 3 2
25.3 Purchases of goods and services
from Government accounts........ 16 19 19
42.0 Insurance claims and indemnities.. 27 30 35
99.0 Subtotal, reimbursable obligations 56 62 67
--------- --------- ----------
99.9 Total obligations............... 56 62 67
---------------------------------------------------------------------------

Personnel Summary

[[Page 103]]

Credit accounts:

Overseas Private Investment Corporation Program Account

For the cost of direct and guaranteed loans, [$72,000,000]
$60,000,000, 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 [1997 and] 1998 and 1999: Provided
further, That such sums shall remain available through fiscal year
[2005] 2006 for the disbursement of direct and guaranteed loans
obligated in fiscal year 1998 [1997], and through fiscal year [2006]
2007 for the disbursement of direct and guaranteed loans obligated in
fiscal year 1999 [1998: Provided further, That section 235(a)(3) of the
Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(3)) is amended by
striking out ``1996'' and inserting in lieu thereof ``1997'' and,
notwithstanding section 235(a)(1) of the Foreign Assistance Act of 1961
(22 U.S.C. 2195(a)(1)), the maximum contingent liability of issuing
authority for insurance and financing shall not in the aggregate exceed
the amounts provided in section 235(a)(1) and (2) of that Act]. 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, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loan subsidy............... 2 4 4
00.02 Guaranteed loan subsidy........... 66 60 68
00.03 Credit administrative expenses.... 16 19 19
--------- --------- ----------
10.00 Total obligations............... 84 83 91
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 43 37 45
22.00 New budget authority (gross)...... 88 91 79
22.21 Unobligated balance transferred to
other accounts.................. -10
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 121 128 124
23.95 New obligations................... -84 -83 -91
24.40 Unobligated balance available, end
of year: Uninvested balance..... 37 45 33
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 72 72
42.00 Transferred from other accounts... 16 19 79
--------- --------- ----------
43.00 Appropriation (total)........... 88 91 79
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 88 91 79
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 117 176 174
73.10 New obligations................... 84 83 91
73.20 Total outlays (gross)............. -26 -85 -81
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 176 174 184
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 22 21
86.93 Outlays from current balances..... 26 63 60
--------- --------- ----------
87.00 Total outlays (gross)........... 26 85 81
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 88 91 79
90.00 Outlays........................... 26 85 81
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct loan levels................ 133 133 133
--------- --------- ----------
1159 Total direct loan levels........ 133 133 133
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 3.00 3.00 3.00
--------- --------- ----------
1329 Weighted average subsidy rate... 3.00 3.00 3.00
Direct loan subsidy budget authority:
1330 Subsidy budget authority.......... 4 4 4
--------- --------- ----------
1339 Total subsidy budget authority.. 4 4 4
Direct loan subsidy outlays:
1340 Subsidy outlays................... 1 4 4
--------- --------- ----------
1349 Total subsidy outlays........... 1 4 4
----------------------------------------------------------------------------

Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 2,250 2,250 1,800
--------- --------- ----------
2159 Total loan guarantee levels..... 2,250 2,250 1,800
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 3.00 3.00 3.00
--------- --------- ----------
2329 Weighted average subsidy rate... 3.00 3.00 3.00
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 68 68 56
--------- --------- ----------
2339 Total subsidy budget authority.. 68 68 56
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 22 46 58
--------- --------- ----------
2349 Total subsidy outlays........... 22 46 58
----------------------------------------------------------------------------

Administrative expense data:
3510 Budget authority.................. 16 19 19
3590 Outlays........................... 3 35 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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 6 7 7
12.1 Civilian personnel benefits....... 2 2 2
21.0 Travel and transportation of
persons......................... 1 1 1
23.2 Rental payments to others......... 3 3 3
25.2 Other services.................... 3 4 4
41.0 Grants, subsidies, and
contributions................... 68 64 72
99.5 Below reporting threshold......... 1 2 2
--------- --------- ----------
99.9 Total obligations............... 84 83 91
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 108 120 120
---------------------------------------------------------------------------

[[Page 104]]

Overseas Private Investment Corporation Direct Loan Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loans...................... 49 133 133
00.02 Interest on Treasury borrowing.... 4 9 9
--------- --------- ----------
10.00 Total obligations............... 53 142 142
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 2 6 9
22.00 New financing authority (gross)... 58 145 147
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 60 151 156
23.95 New obligations................... -53 -142 -142
24.40 Unobligated balance available, end
of year: Uninvested balance..... 6 9 14
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 47 129 129
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 10 16 18
68.10 Receivables from program account 1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 11 16 18
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 58 145 147
----------------------------------------------------------------------------

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

72.90 Obligated balance: Obligated
balance....................... 38 65 132
72.95 Receivables from program account 3 4 4
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 41 69 136
73.10 New obligations................... 53 142 142
73.20 Total financing disbursements
(gross)......................... -24 -75 -75
Unpaid obligations, end of year:

74.90 Obligated balance: Obligated
balance....................... 65 132 199
74.95 Receivables from program account 4 4 4
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 69 136 203
87.00 Total financing disbursements
(gross)......................... 24 75 75
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources............... -1 -3 -3
Non-Federal sources:
88.40 Repayments of principal..... -2 -2 -3
88.40 Interest received on loans.. -6 -8 -8
88.40 Fees........................ -1 -1 -2
88.40 Proceeds from loan assets
sales..................... -2 -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -10 -16 -18
88.95 Change in receivables from program
accounts........................ -1
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 47 129 129
90.00 Financing disbursements........... 15 59 57
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4074-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........
1131 Direct loan obligations exempt
from limitation................. 49 133 133
--------- --------- ----------
1150 Total direct loan obligations... 49 133 133
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 52 72 130
1231 Disbursements: Direct loan
disbursements................... 22 60 60
1251 Repayments: Repayments and
prepayments..................... -2 -2 -3
--------- --------- ----------
1290 Outstanding, end of year........ 72 130 187
---------------------------------------------------------------------------
\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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 4 11 10 10
Investments in US securities:
1106 Receivables, net.............. 3 4 6 8
1206 Non-Federal assets: Receivables,
net............................. 3 2 2
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 53 72 130 187
1402 Interest receivable............. 1 1
1404 Foreclosed property............. 2
1405 Allowance for subsidy cost (-).. -6 -10 -15 -20
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 48 63 117 167
------------ -------------- ------------ -------------
1999 Total assets.................... 58 78 135 187
LIABILITIES:
Federal liabilities:

2101 Accounts payable................ 3 4 6 8
2102 Interest payable................ 2 4
2103 Debt............................ 49 69 128 178
2207 Non-Federal liabilities: Other.... 1 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 55 78 135 187
NET POSITION:
3300 Cumulative results of operations.. 3
------------ -------------- ------------ -------------
3999 Total net position.............. 3
------------ -------------- ------------ -------------
4999 Total liabilities and net position 58 78 135 187
-----------------------------------------------------------------------------------------------

Overseas Private Investment Corporation Guaranteed Loan Financing
Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.03 Default Claims.................... 9 20 50
00.04 Capitalized Costs................. 2 2 2
--------- --------- ----------
10.00 Total obligations............... 11 22 52
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 55 106 191
22.00 New financing authority (gross)... 63 107 138
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 118 213 329
23.95 New obligations................... -11 -22 -52
24.90 Unobligated balance available, end
of year: Fund balance........... 106 191 277
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 63 107 138
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Obligated
balance......................... 5 4 4
73.10 New obligations................... 11 22 52
73.20 Total financing disbursements
(gross)......................... -12 -22 -52
74.90 Unpaid obligations, end of year:
Obligated balance: Obligated
balance......................... 4 4 4
87.00 Total financing disbursements
(gross)......................... 12 22 52
----------------------------------------------------------------------------

[[Page 105]]

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -24 -46 -58
88.25 Interest on uninvested funds.. -4 -7 -10
88.40 Non-Federal sources: Fees and
premiums.................... -35 -54 -70
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -63 -107 -138
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -50 -85 -86
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4075-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2131 Guaranteed loan commitments exempt
from limitation................. 2,000 2,250 1,800
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 2,000 2,250 1,800
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 515 1,335 2,781
2231 Disbursements of new guaranteed
loans........................... 847 1,500 1,900
2251 Repayments and prepayments........ -27 -54 -500
--------- --------- ----------
2290 Outstanding, end of year........ 1,335 2,781 4,181
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,335 2,781 4,181
----------------------------------------------------------------------------

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

2310 Outstanding, start of year...... 8 15 32
2331 Disbursements for guaranteed
loan claims................... 9 20 50
2351 Repayments of loans receivable.. -2 -3 -11
--------- --------- ----------
2390 Outstanding, end of year...... 15 32 71
---------------------------------------------------------------------------

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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 60 112 200 280
1206 Non-Federal assets: Receivables,
net............................. 4 6 19 17
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:

1501 Defaulted guaranteed loans
receivable, gross............. 7 15 32 71
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............ 7 15 32 71
------------ -------------- ------------ -------------
1999 Total assets.................... 71 133 251 368
LIABILITIES:
2103 Federal liabilities: Debt......... 4 4 4
Non-Federal liabilities:

2204 Liabilities for loan guarantees. 36 97 218 339
2207 Other........................... 19 26 19 17
------------ -------------- ------------ -------------
2999 Total liabilities............... 59 127 241 356
NET POSITION:
3300 Cumulative results of operations.. 12 6 10 12
------------ -------------- ------------ -------------
3999 Total net position.............. 12 6 10 12
------------ -------------- ------------ -------------
4999 Total liabilities and net position 71 133 251 368
-----------------------------------------------------------------------------------------------
\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:
00.12 Reimbursable Guaranty provisions/
claim payments.................. 8 15 15
--------- --------- ----------
10.00 Total obligations (object class
43.0)......................... 8 15 15
----------------------------------------------------------------------------

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

21.90 Fund balance.................... 69 100 31
21.91 U.S. Securities: Par value...... 35 35 35
--------- --------- ----------
21.99 Total unobligated balance,
start of year............... 104 135 66
22.00 New budget authority (gross)...... 40 33 25
22.10 Resources available from
recoveries of prior year
obligations..................... 1 1
22.40 Capital transfer to general fund.. -88 -40
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 144 81 52
23.95 New obligations................... -8 -15 -15
Unobligated balance available, end of year:

24.90 Fund balance.................... 100 31 2
24.91 U.S. Securities: Par value...... 35 35 35
--------- --------- ----------
24.99 Total unobligated balance, end
of year....................... 135 66 37
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 40 33 25
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 5 6 9
73.10 New obligations................... 8 15 15
73.20 Total outlays (gross)............. -8 -10 -10
73.45 Adjustments in unexpired accounts. -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 6 9 13
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 8 10 10
----------------------------------------------------------------------------

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........... -37 -30 -22
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -40 -33 -25
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -33 -23 -15
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 84 53 31
1231 Disbursements: Direct loan
disbursements................... 8 3
1251 Repayments: Repayments and
prepayments..................... -28 -20 -12
1264 Write-offs for default: Other
adjustments, net................ -11 -5 -3
--------- --------- ----------
1290 Outstanding, end of year........ 53 31 16
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

[[Page 106]]

2231 Disbursements of new guaranteed
loans........................... 8 20 5
2251 Repayments and prepayments........ -78 -75 -75
2264 Adjustments: Other adjustments,
net............................. -1
--------- --------- ----------
2290 Outstanding, end of year........ 216 161 91
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 216 161 91
---------------------------------------------------------------------------

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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 52 12 12 12
0102 Expense........................... -18 9 -2 -2
------------ -------------- ------------ -------------
0109 Net income or loss (-)............ 34 21 10 10
-----------------------------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

1101 Fund balances with Treasury..... 73 106 80 59
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............................. 1 1 1 1
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:

1601 Direct loans, gross............. 83 53 31 16
1603 Allowance for estimated
uncollectible loans and
interest (-).................. -34 -18 -17 -14
1604 Direct loans and interest
receivable, net............... 49 35 14 2
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 49 35 14 2
1706 Foreclosed property............. 3 3 3 3
------------ -------------- ------------ -------------
1999 Total assets.................... 162 181 134 101
LIABILITIES:
2104 Federal liabilities: Resources
payable to Treasury............. 43 45 40
2207 Non-Federal liabilities: Other.... 15 15 12 10
------------ -------------- ------------ -------------
2999 Total liabilities............... 15 58 57 50
NET POSITION:
3200 Invested capital.................. 50 50 50 50
3300 Cumulative results of operations.. 97 73 27 1
------------ -------------- ------------ -------------
3999 Total net position.............. 147 123 77 51
------------ -------------- ------------ -------------
4999 Total liabilities and net position 162 181 134 101
-----------------------------------------------------------------------------------------------

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] $43,000,000, to remain
available until September 30, 1999: 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,
[1998] 1999, 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. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations................. 56 55 43
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Treasury balance. 8 11 1
22.00 New budget authority (gross)...... 49 45 43
22.22 Unobligated balance transferred
from Assistance for NIS......... 10
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 67 56 44
23.95 New obligations................... -56 -55 -43
24.40 Unobligated balance available, end
of year: Uninvested balance..... 11 1 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 40 40 43
42.00 Transferred from other accounts... 9 5
--------- --------- ----------
43.00 Appropriation (total)........... 49 45 43
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 49 45 43
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 76 78 78
73.10 New obligations................... 56 55 43
73.20 Total outlays (gross)............. -52 -56 -50
73.40 Adjustments in expired accounts... -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 78 78 71
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 11 12 12
86.93 Outlays from current balances..... 41 44 38
--------- --------- ----------
87.00 Total outlays (gross)........... 52 56 50
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 49 45 43
90.00 Outlays........................... 52 56 50
---------------------------------------------------------------------------

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 planning 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 1996 actual 1997 est. 1998 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

[[Page 107]]

41.0 Grants, subsidies, and
contributions................... 51 50 38
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total obligations............... 56 55 43
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 35 38 41
---------------------------------------------------------------------------

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), [$208,000,000] $222,000,000, 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, [1998] 1999. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
Direct program:

00.01 Africa Region................... 52 53 52
00.02 Asia Pacific Region............. 17 17 16
00.03 Europe, Central Asia, and
Mediterranean................. 27 28 27
00.04 Inter-American Region........... 31 31 29
00.05 Other Volunteer Support......... 97 97 99
--------- --------- ----------
00.91 Total direct program.......... 224 226 223
01.01 Reimbursable program.............. 8 10 9
--------- --------- ----------
10.00 Total obligations............... 232 236 232
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 12 5
22.00 New budget authority (gross)...... 227 231 232
22.22 Unobligated balance transferred
from other accounts............. 1
22.30 Unobligated balance expiring...... -1 -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 238 236 232
23.95 New obligations................... -232 -236 -232
24.40 Unobligated balance available, end
of year: Uninvested balance..... 5
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 205 208 222
42.00 Transferred from other accounts. 13 12
--------- --------- ----------
43.00 Appropriation (total)......... 218 220 222
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 9 11 10
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 227 231 232
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 60 68 54
73.10 New obligations................... 232 236 232
73.20 Total outlays (gross)............. -222 -250 -233
73.40 Adjustments in expired accounts... -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 68 54 53
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 167 176 178
86.93 Outlays from current balances..... 47 63 45
86.97 Outlays from new permanent
authority....................... 8 11 10
--------- --------- ----------
87.00 Total outlays (gross)........... 222 250 233
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.00 Offsetting collections (cash)
from: Federal sources......... -9 -11 -10
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 218 220 222
90.00 Outlays........................... 214 239 223
---------------------------------------------------------------------------

Peace Corps operating expenses will provide direct and indirect
support for approximately 6,600 Americans engaged in voluntary services
in 89 countries worldwide in 1997. 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 1,277 new trainees
and an average of 2,254 Volunteers during 1997. These Volunteers and
trainees will work in 30 sub-Saharan countries, in the areas of
agriculture, education, economic development, health, and environment.

Asia Pacific Region.--In 1997 an average of 762 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 1997 an average of
1,336 Volunteers will work in 20 countries in Eastern and Central
Europe, the former Soviet Union, and North Africa. The region will
support 874 new trainees, who will work primarily in education, economic
development, and environment.

Inter-American Region.--An average of 1,623 Volunteers will work in
22 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 890 new trainees in 1997.

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........... 44 46 45
11.3 Other than full-time permanent 2 1 1
11.5 Other personnel compensation.. 1 1 1
Special personal services
payments:
11.8 Special personal services
payments.................. 1 1 1
11.8 Trainees and volunteers..... 21 20 19
--------- --------- ----------
11.9 Total personnel compensation 69 69 67
12.1 Civilian personnel benefits..... 40 42 42
13.0 Benefits for former personnel... 1 1 1
21.0 Travel and transportation of
persons....................... 24 26 25
22.0 Transportation of things........ 2 2 2
23.1 Rental payments to GSA.......... 6 6 6
23.2 Rental payments to others....... 6 7 7
23.3 Communications, utilities, and
miscellaneous charges......... 8 6 6
24.0 Printing and reproduction....... 1 1 1
25.2 Other services.................. 33 35 36
25.3 Purchases of goods and services
from Government accounts...... 5 6 6
25.6 Medical care.................... 11 9 10
25.7 Operation and maintenance of
equipment..................... 1 1 1
26.0 Supplies and materials.......... 9 8 7
31.0 Equipment....................... 7 6 5
--------- --------- ----------
99.0 Subtotal, direct obligations.. 223 225 222

[[Page 108]]

99.0 Reimbursable obligations.......... 7 9 8
99.5 Below reporting threshold......... 2 2 2
--------- --------- ----------
99.9 Total obligations............... 232 236 232
---------------------------------------------------------------------------

Personnel Summary

1001 Full-time equivalent employment. 1,090 1,146 1,132
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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............
Receipts:
02.01 Miscellaneous trust funds, Peace
Corps........................... 1 1
Appropriation:
05.01 Peace Corps miscellaneous trust
fund............................ -1 -1 -1
--------- --------- ----------
05.99 Subtotal appropriation............ -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 1
22.00 New budget authority (gross)...... 1 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3 2 2
23.95 New obligations................... -1 -1 -1
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2 1 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 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:
86.98 Outlays from permanent balances... 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 1996 actual 1997 est. 1998 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 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, $22,000,000.

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Development Grants................ 15 17 19
00.02 Development Research and
Evaluation...................... 1 1 1
00.03 In-country Support................ 3 3 3
00.04 Program Management and Operation.. 6 7 7
--------- --------- ----------
10.00 Total obligations............... 25 28 30
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 8 16 16
22.00 New budget authority (gross)...... 34 28 30
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 42 44 46
23.95 New obligations................... -25 -28 -30
24.90 Unobligated balance available, end
of year: Fund balance........... 16 16 16
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 22
42.00 Transferred from other accounts. 20 20
--------- --------- ----------
43.00 Appropriation (total)......... 20 20 22
Permanent:

68.00 Spending authority from
offsetting collections: Funds
Availability (&Z)............. 14 8 8
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 34 28 30
----------------------------------------------------------------------------

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

72.40 Obligated balance: Appropriation 27 21 13
72.95 Orders on hand from Federal
sources....................... 1 1 1
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 28 22 14
73.10 New obligations................... 25 28 30
73.20 Total outlays (gross)............. -33 -36 -33
Unpaid obligations, end of year:

74.40 Obligated balance: Appropriation 21 13 11
74.95 Orders on hand from Federal
sources....................... 1 1 1
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 22 14 12
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 11 10 11
86.93 Outlays from current balances..... 13 16 13
86.97 Outlays from new permanent
authority....................... 4 3 3
86.98 Outlays from permanent balances... 5 7 6
--------- --------- ----------
87.00 Total outlays (gross)........... 33 36 33
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.00 Offsetting collections (cash)
from: Federal sources......... -14 -8 -8
----------------------------------------------------------------------------

[[Page 109]]

Net budget authority and outlays:
89.00 Budget authority.................. 20 20 22
90.00 Outlays........................... 19 28 25
---------------------------------------------------------------------------

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 1998, the IAF will continue its new
strategic programming approach which emphasizes: 1) building
partnerships among grassroots organizations, NGOs, local governments,
and private sector institutions to foster local social and economic
development, and 2) expanding access to local public and private sector
resources for grassroots development. The IAF will continue to refine
its system of measuring the results of its grants for the purposes of
identifying and disseminating innovative development approaches for the
benefit of the major development funders and development practitioners.
Using information derived from the Results System/Grassroots Development
Framework and other data arising from its grantmaking activities, the
Foundation will implement a new system, developed in fiscal year 1997,
to systematically incorporate lessons learned back into the Foundation's
strategic planning and grant decision-making processes. It will also
disseminate the results assessment system and development information to
partner organizations in the region and other donors and grassroots
practitioners 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
1998, the Foundation plans to award approximately 110 grants and 190
grant supplements in 17 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, service
contracts, and other support costs.

Object Classification (in millions of dollars)

Personnel compensation:

11.1 Full-time permanent............. 4 4 4
--------- --------- ----------
11.9 Total personnel compensation.. 4 4 4
12.1 Civilian personnel benefits....... 1 1 1
23.2 Rental payments to others......... 1 1 1
25.1 Advisory and assistance services.. 3 3 3
41.0 Grants, subsidies, and
contributions................... 16 18 20
99.5 Below reporting threshold......... 1 1
--------- --------- ----------
99.9 Total obligations............... 25 28 30
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 63 68 68
---------------------------------------------------------------------------

African Development Foundation

Federal Funds

General and special funds:

african development foundation

For the necessary expenses to carry out Title V of
the International Security and Development Cooperation Act
of 1980, Public Law 96-533, and to make such contract
commitments without regard to fiscal year limitations, as
provided by 31 U.S.C. 9104, $14,000,000: Provided, That
funds made available to grantees may be invested pending
expenditure for project purposes when authorized by the
President of the Foundation: Provided further, That interest
earned shall be used only for the purposes for which the
grant was made: Provided further, That this authority
applies to interest earned both prior to and following
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................ 5 6 8
00.02 Strategic Partnerships,
Development Research and
Dissemination................... 1 1
00.03 In-country Support................ 2 1 1
00.04 Program Management and Operation.. 4 4 4
--------- --------- ----------
10.00 Total obligations............... 11 12 14
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 12 12 14
23.95 New obligations................... -11 -12 -14
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 14
42.00 Transferred from other accounts... 12 12
--------- --------- ----------
43.00 Appropriation (total)........... 12 12 14
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 12 12 14
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 17 15 14
73.10 New obligations................... 11 12 14
73.20 Total outlays (gross)............. -13 -12 -13
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 15 14 15
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 5 5 6
86.93 Outlays from current balances..... 8 7 7
--------- --------- ----------
87.00 Total outlays (gross)........... 13 12 13
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 12 12 14
90.00 Outlays........................... 13 12 13
---------------------------------------------------------------------------

The African Development Foundation (ADF) is a public corporation
which plays a unique role within the U.S. Government's foreign
assistance programs in Africa. Through its small grants program, ADF has
a record of delivering high impact, low cost assistance to support the
development of micro-enterprise, agro-business, water, energy, and
environmental initiatives at the grassroots level. The Foundation has
pioneered participatory development in Africa and its grants have
strengthened African institutions and local capacities. All ADF-funded
activities are locally conceived, and small grants are made directly to
private grassroots African groups to enable them to solve their own
problems. ADF assistance is premised on self-help and fosters self-
reliance through its promotion of African leadership and ownership of
the development process.

[[Page 110]]

Over the past two years, the Foundation has taken significant steps
to enhance its efficiency and effectiveness. Operating costs were
decreased through staff reductions and country closures. To increase its
development impact, the Foundation has developed a Corporate Strategic
Plan and is developing individual country strategic plans for the 14
countries in which it remains engaged. These plans include clear
objectives and quantifiable performance criteria. The Foundation is also
pursuing strategic partnerships with the private sector and other donors
to leverage additional resources and to develop new models of assistance
for Africa.

Development Grants.--This activity funds projects of up to $250,000
each, designed and implemented by grassroots African organizations.

Strategic Partnerships, Development Research and Dissemination.--
These activities are funds used to establish strategic partnerships
designed to leverage additional resources for development, to support
applied research on critical development problems by African reseachers,
and to disseminate research results and lessons learned from the
Foundation's activities.

In-Country Support.--This activity funds technical assistance and
other support given by African professionals to ADF-funded projects.

Program Management and Operation.--This activity funds 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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 2 2 2
12.1 Civilian personnel benefits....... 1 1 1
41.0 Grants, subsidies, and
contributions................... 7 9 10
99.5 Below reporting threshold......... 1 1
--------- --------- ----------
99.9 Total obligations............... 11 12 14
---------------------------------------------------------------------------

Personnel Summary

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.02 Valuation adjustment on IMF
reserve position................ 976
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 976
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 15,827 15,598 15,598
22.10 Resources available from
recoveries of prior year
obligations..................... 2,805
22.30 Unobligated balance expiring...... -2,059
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 16,573 15,598 15,598
23.95 New obligations................... -976
24.40 Unobligated balance available, end
of year: Uninvested balance..... 15,598 15,598 15,598
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 25,170 22,666 22,666
73.10 New obligations................... 976
73.20 Total outlays (gross)............. -675
73.45 Adjustments in unexpired accounts. -2,805
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 22,666 22,666 22,666
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 675
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 675
---------------------------------------------------------------------------

The Administration is in the process of reviewing quotas as part of
the IMF's Eleventh General Review of Quotas. In this context, an
authorization and appropriation for Fiscal Year 1998 or for subsequent
years for an increase in the United States quota may be sought.
Consultation with Congress will take place as the discussions within the
IMF on the next quota increase proceed. A specific amount for any agreed
increase in the United States quota resulting from these negotiations
will be requested upon their conclusion.

In accordance with the budgetary treatment recommended by the
Presidential Commission on Budgetary Concepts in 1968 and modifies by
the Congress in 1980, United States transactions with the IMF will not
be scored as outlays and thus will not increase the deficit. Under this
approach, any increase in the U.S. quota would not be scored as a budget
outlay. This is because the United States receives an increase in its
international reserve asset corresponding to any transfer under the U.S.
quota subscription. The United States can use these interest-bearing
reserves automatically to meet a balance of payments financing need.

Following the precedent of the Budget Enforcement Act of 1990, we
will propose to amend that Act so that there is an adjustment to the
discretionary spending limitation for the budget authority for such an
appropriation.

Loans to International Monetary Fund

For loans to the International Monetary Fund under
the New Arrangements to Borrow, the dollar equivalent of
2,462,000,000 Special Drawing Rights, to remain available
until expended; in addition, up to the dollar equivalent of
4,250,000,000 Special Drawing Rights previously appropriated
by the Act of November 30, 1983 (Public Law 98-181), and the
Act of October 23, 1962 (Public Law 87-872), for the General
Arrangements to Borrow, may also be used for the New
Arrangements to Borrow. (Authorizing legislation required.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0074-0-1-155 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 6,078 6,078 6,078
22.00 New budget authority (gross)...... 3,521
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 6,078 6,078 9,599
23.95 New obligations...................
24.40 Unobligated balance available, end
of year: Uninvested balance..... 6,078 6,078 9,599
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 3,521
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 3,521
90.00 Outlays...........................
---------------------------------------------------------------------------

[[Page 111]]

The General Arrangements to Borrow (GAB) was 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.

Authorization and appropriations for Fiscal Year 1998 in the dollar
equivalent of 2,462 million Special Drawing Rights to cover the
unappropriated United States share of the proposed New Arrangements to
Borrow (NAB) is being sought. The Executive Board of the IMF is expected
to take a formal decision on the New Arrangements to Borrow early in
1997. The proposed New Arrangements to Borrow is a set of individual
credit lines, modeled on the existing GAB, extended to the IMF by a
number of countries to be used to supplement the IMF's resources in
responding to financial crises that threaten the international monetary
system.

In accordance with the budgetary treatment recommended by the
Presidential Commission on Budgetary Concepts in 1968 and modified by
the Congress in 1980, United States transactions with the IMF will not
be scored as outlays and thus will not increase the deficit. Any amount
appropriated for the New Arrangements to Borrow will be treated in the
same way as amounts already appropriated for the GAB. Under this
budgetary treatment, financing extended by the United States under the
GAB would not be scored as an outlay because the United States receives
an increase in its international reserve assets corresponding to any
transfer to the IMF under the U.S. credit.

During 1996, 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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Contribution for subsidy.......... 7
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 7
----------------------------------------------------------------------------

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

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

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 116 97 71
73.10 New obligations................... 7
73.20 Total outlays (gross)............. -19 -26 -24
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 97 71 54
----------------------------------------------------------------------------

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

86.93 Outlays from current balances..... 19 26 24
--------- --------- ----------
87.00 Total outlays (gross)........... 19 26 24
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 7
90.00 Outlays........................... 19 26 24
---------------------------------------------------------------------------

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 tping 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
appropriations of $25 million in Fiscal Year 1996 and $7 million in
Fiscal Year 1997. The Administration is seeking an appropriation of $7
million for Fiscal Year 1998. It is also seeking authorization of the
full amount 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)

----------------------------------------------------------------------------
Identification code 11-4116-0-3-155 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
25.2)........................... 2 7
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 343 194 194
22.10 Resources available from
recoveries of prior year
obligations..................... 2 1
22.40 Capital transfer to general fund.. -149
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 194 196 195
23.95 New obligations................... -2 -7
24.90 Unobligated balance available, end
of year: Fund balance........... 194 194 188
----------------------------------------------------------------------------

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

68.00 Offsetting collections (cash)... 173 166 106
68.27 Capital transfer to general fund -173 -166 -106
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total).....................
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 111 75 43
73.10 New obligations................... 2 7
73.20 Total outlays (gross)............. -36 -32 -22
73.45 Adjustments in unexpired accounts. -2 -1
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance. 75 43 27
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 36 32 22
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -173 -166 -106
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. -173 -166 -106

[[Page 112]]

90.00 Outlays........................... -137 -134 -84
---------------------------------------------------------------------------

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 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 454 269 237 215
Investments in US securities:
1106 Receivables, net.............. 25 34 25 25
1802 Other Federal assets: Inventories
and related properties.......... 204 138 52 37
------------ -------------- ------------ -------------
1999 Total assets.................... 683 441 314 277
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 1
Non-Federal liabilities:

2201 Accounts payable................ 1
2207 Other........................... 161 239 280 277
------------ -------------- ------------ -------------
2999 Total liabilities............... 161 241 280 277
NET POSITION:
3200 Invested capital.................. 522 200 34
------------ -------------- ------------ -------------
3999 Total net position.............. 522 200 34
------------ -------------- ------------ -------------
4999 Total liabilities and net position 683 441 314 277
-----------------------------------------------------------------------------------------------

Trust Funds

Foreign Military Sales Trust Fund

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Encumbered future receipts, start
of year......................... -18,788 -19,340 -20,100
Receipts:
02.01 Deposits, advances, foreign
military sales.................. 14,747 13,760 13,400
--------- --------- ----------
04.00 Total: Balances and collections... -4,041 -5,580 -6,700
Appropriation:
05.01 Foreign military sales trust fund. -15,299 -14,520 -13,490
07.99 Total balance, end of year........ -19,340 -20,100 -20,190
---------------------------------------------------------------------------

Program and Financing (in millions of dollars)

Obligations by program activity:
Reimbursable activity:

00.01 Military personnel.............. 96 91 84
00.02 Operations and maintenance...... 292 277 257
00.03 Procurement..................... 13,020 12,338 11,498
00.04 Research, development, test, and
evaluation.................... 23 21 20
00.05 Special defense acquisition fund 173 166 106
00.06 Revolving and mgt funds......... 1,201 1,140 1,059
00.07 Construction...................... 139 132 123
00.08 Other............................. 355 355 343
--------- --------- ----------
09.00 Sub-total, Reimbursable
Obligations................... 15,299 14,520 13,490
--------- --------- ----------
10.00 Total obligations (object class
25.3)......................... 15,299 14,520 13,490
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 15,299 14,520 13,490
23.95 New obligations................... -15,299 -14,520 -13,490
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 14,747 13,760 13,400
60.49 Portion applied to liquidate
contract authority.............. -14,747 -13,760 -13,400
--------- --------- ----------
63.00 Appropriation (total)...........
66.15 Contract authority (indefinite)... 15,299 14,520 13,490
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 15,299 14,520 13,490
----------------------------------------------------------------------------

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

Obligated balance:
72.40 Appropriation................. 5,462 5,887 5,987
72.49 Contract authority............ 18,788 19,340 20,100
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 24,250 25,227 26,087
73.10 New obligations................... 15,299 14,520 13,490
73.20 Total outlays (gross)............. -14,323 -13,660 -13,280
Unpaid obligations, end of year:

Obligated balance:
74.40 Appropriation................. 5,887 5,987 6,107
74.49 Contract authority............ 19,340 20,100 20,190
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 25,227 26,087 26,297
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 1,647 1,571 1,527
86.98 Outlays from permanent balances... 12,676 12,089 11,753
--------- --------- ----------
87.00 Total outlays (gross)........... 14,323 13,660 13,280
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 15,299 14,520 13,490
90.00 Outlays........................... 14,323 13,660 13,280
---------------------------------------------------------------------------

Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
0100 Balance, start of year............ 18,788 19,340 20,100
Contract authority:
0200 Contract authority................ 15,299 14,520 13,490
0400 Appropriation to liquidate
contract authority.............. -14,747 -13,760 -13,400
0700 Balance, end of year.............. 19,340 20,100 20,190
---------------------------------------------------------------------------

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):

1996 actual 1997 est. 1998 est.
Estimates of new orders (sales)..... 10,339 10,555 10,544

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):

1996 actual 1997 est. 1998 est.
Obligations of the fund............. 15,299 14,520 13,490
Receipts from foreign governments
(appropriation)..................... -14,747 -13,760 -13,400
------------------------------------
Net budget authority............ 562 760 90
====================================
Payments from the fund (outlays).... 14,322 13,660 13,280
Receipts from foreign governments
(appropriation)..................... -14,747 -13,760 -13,400
------------------------------------
Net outlays..................... -425 -100 -120
====================================

Kuwait Civil Reconstruction Trust Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8238-0-7-155 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 3 3
22.30 Unobligated balance expiring...... -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3
24.40 Unobligated balance available, end
of year: Uninvested balance..... 3
----------------------------------------------------------------------------

[[Page 113]]

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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 3
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 3
23.95 New obligations................... -3
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 6 6 3
73.10 New obligations................... 3
73.20 Total outlays (gross)............. -4 -3 -3
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 6 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 4 3 3
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 4 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 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1 1 1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1 1 1
----------------------------------------------------------------------------

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.

Other Consolidated Receipt Accounts

(in millions of dollars)

----------------------------------------------------------------------------
1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
72-972110 Miscellaneous credit reform
accounts, AID....................... 9
---------------------------------------------------------------------------

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, 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 ``Nonproliferation, Antiterrorism, Demining and Related
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,
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.

[[Page 114]]

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.

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, [1997] 1998, 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 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 [1997] 1998.

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 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 purpose of providing the Executive Branch
with the necessary administrative flexibility, none of the funds made
available under this Act for [``Child Survival and Disease Programs
Fund'',] ``Sustainable Development Assistance'', ``Development Fund for
Africa'', ``Enhanced Credit Authority'', ``Debt restructuring'',
``International organizations and programs'', ``Trade and Development
Agency'', ``International narcotics control'', ``Assistance for Eastern
Europe and the Baltic States'', ``Assistance for the New Independent
State 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, anti-terrorism, demining and related programs'',]
``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 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

[[Page 115]]

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 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 Act or
any other Act, 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, [1998] 1999.

[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 for Population Planning]

[Sec. 518A. (a) None of the funds made available in title II of 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 may be obligated or expended prior to July 1, 1997.]
[(b) Not to exceed $385,000,000 of the funds appropriated in title
II of this Act may be made available for population planning activities
or other population assistance.]
[(c) Such funds may be apportioned only on a monthly basis, and such
monthly apportionments may not exceed 8 percent of the total available
for such activities.]
[(d) Not later than February 1, 1997, the President shall submit a
finding to the Congress regarding the impact of the limitation on
obligations imposed by subsection (a) of this section on the proper
functioning of the population planning program. If such Presidential
finding indicates that the limitation is having a negative impact on the
proper functioning of the population planning program, funds for
population planning activities and other population assistance referred
to in subsection (a) may be made available beginning March 1, 1997,
notwithstanding the July 1, 1997, limitation set forth in subsection
(a), if the Congress approves such finding by adoption of a joint
resolution of approval not later than February 28, 1997, in accordance
with subsection (e).]
[(e) Congressional Review Procedure.--
(1) This subsection is enacted by Congress--
(A) as an exercise of the rulemaking power of the House of
Representatives and the Senate, respectively, and as such it is
deemed a part of the rules of each House, respectively, but
applicable only with respect to the procedure to be followed in
that House in the case of resolutions described by paragraph (2)
of this subsection; and it supersedes other rules only to the
extent that it is inconsistent therewith; and
(B) with full recognition of the constitutional right of
either House to change the rules (so far as those rules relate
to the procedure of that House) at any time, in the same manner,
and to the same extent as in the case of any other rule of such
House.
(2) For purposes of this section, the term ``resolution'' means
a joint resolution, the text of which is as follows: ``That the
House of Representatives and Senate approve the Presidential
finding, submitted to the Congress on XXXXX, that the limitation on
obligations imposed by section 518A(a) of the Foreign Operations,
Export Financing, and Related Programs Appropriations Act, 1997, is
having a negative impact on the proper functioning of the population
planning program.''. The blank space therein shall be filled with
the date on which the President submits his finding to the House of
Representatives and the Senate.
(3) On the day on which the President submits a finding under
this section to the Congress, a joint resolution described in
paragraph (2) shall be introduced (by request) in the House by the
majority leader of the House, for himself and the minority leader of
the House, or by Members of the House designated by the majority
leader and minority leader of the House; and shall be introduced (by
request) in the Senate by the majority leader of the Senate, for
himself and the minority leader of the Senate, or by Members of the
Senate designated by the majority leader and minority leader of the
Senate. If either House is not in session on the day on which the
President submits such finding, the resolution shall be introduced
in that House, as provided in the preceding sentence, on the first
day thereafter on which that House is in session. A resolution once
introduced in the House with respect to a Presidential finding under
this section shall be referred to 1 or more committees (and all
resolutions with respect to the same Presidential finding shall be
referred to the same committee or committees) by the Speaker of the
House of Representatives. A resolution once introduced in the Senate
with respect to a Presidential finding under this section shall be
referred to the appropriate committee (and all resolutions with
respect to the same Presidential finding shall be referred to the
same committee) by the President of the Senate.

[[Page 116]]

(4) No amendment to a resolution introduced under this section
shall be in order in either the House of Representatives or the
Senate; and no motion to suspend the application of this subsection
shall be in order in either House, nor shall it be in order in
either House for the presiding officer to entertain a request to
suspend the application of this subsection by unanimous consent.
(5)(A) If any committee to which a resolution with respect to a
Presidential finding under this section has been referred has not
reported it at the end of 5 calendar days after its introduction,
such committee shall be automatically discharged from further
consideration of the resolution and it shall be placed on the
appropriate calendar. A vote on final passage of the resolution,
shall be taken in each House on or before February 28, 1997. If
prior to the passage by 1 House of a resolution of that House under
this section, that House receives the same resolution from the other
House, then--
(i) the procedure in that House shall be the same as if no
resolution had been received from the other House, but
(ii) the vote on final passage shall be on the resolution
of the other House.
(6)(A) A motion in the House of Representatives to proceed to
the consideration of a resolution under this section shall be highly
privileged and not debatable. An amendment to the motion shall not
be in order, nor shall it be in order to move to reconsider the vote
by which the motion is agreed to or disagreed to.
(B) Debate in the House of Representatives on the resolution
described in paragraph (2) of this subsection shall be limited to
not more than 2 hours, which shall be divided equally between those
favoring and those opposing such resolution. A motion to further
limit debate shall not be debatable. It shall not be in order to
move to recommit a resolution or to move to reconsider the vote by
which such resolution was agreed to or disagreed to.
(C) Appeals from the decision of the Chair relating to the
application of the rules of the House of Representatives to the
procedures relating to a resolution under this section shall be
decided without debate.
(D) Except to the extent specifically provided in preceding
provisions of this subsection, consideration in the House of
Representatives of a resolution under this subsection shall be
governed by the rules of the House of Representatives applicable to
other resolutions in similar circumstances.
(7)(A) A motion in the Senate to proceed to the consideration
of a resolution under this section shall not debatable. It shall not
be in order to move to reconsider the vote by which the motion is
agreed to or disagreed to.
(B) Debate in the Senate on the resolution described in
paragraph (2) of this subsection, and all debatable motions and
appeals in connection therewith, shall be limited to not more than 2
hours. The time shall be equally divided between, and controlled by,
the mover and the manager of the resolution, except that in the
event the manager of the resolution is in favor of any such motion
or appeal, the time in opposition thereto shall be controlled by the
minority leader or his designee. Such leaders, or either of them,
may, from time under their control on the passage of a resolution,
allot additional time to any Senator during the consideration of any
debatable motion or appeal.
(C) A motion in the Senate to further limit debate is not
debatable. A motion to recommit a resolution is not in order.]

[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, Guatemala (except that this
provision shall not apply to development assistance for Guatemala),
Dominican Republic, Haiti, Liberia, Pakistan, Peru, Serbia, Sudan, or
Zaire except as provided through the regular notification procedures of
the Committee on Appropriations.]

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: Economics 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 Untied States.

Reciprocal Leasing

Sec. [524] 519. Section 61(a) of the Arms Export Control Act is
amended by striking out [``1996''] ``1997'' and inserting in lieu
thereof [``1997''] ``1998''.

[Notification on Excess Defense Equipment]

[Sec. 525. 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.]

Prohibition on Bilateral Assistance to Terrorist Countries

Sec. [527] 520. (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

[[Page 117]]

with the regular notification procedures of the Committees on
Appropriations.

Commercial Leasing of Defense Articles

Sec. [528] 521. Notwithstanding any other provision of law, and
subject to the regular notification procedures 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] 522. 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
shall be used for the purpose for which the assistance was provided to
that organization.

[Separate Accounts]

[Sec. 531. (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 necessary 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.
(6) Reporting Requirement.--The Administrator of the Agency for
International Development shall report on an annual basis as part of
the justification documents submitted to the Committees on
Appropriations on the use of local currencies for the administrative
requirements of the United States Government as authorized in
subsection (a)(2)(B), and such report shall include the amount of
local currency (and United States dollar equivalent) used and/or to
be used for such purpose in each applicable country.]
[(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 lest 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
[Financing] Financial Institutions

Sec. [532] 523. (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, the Bank for Economic Cooperation and
Development in the Middle East, and North Africa and the European Bank
for Reconstruction and Development.

Compliance With United Nations Sanctions Against Iraq

Sec. [533] 524. (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 chapter 2
of part I, relating to the Overseas Private Investment Corporation) or
the Arms Export Control Act may be used to provide

[[Page 118]]

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 national 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].

Competitive Pricing for Sales of Defense Articles

Sec. [533A] 525. Direct costs associated with meeting a foreign
customer's additional or unique requirements will continue to be
allowable under contracts under section 22(d) of the Arms Export Control
Act. 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.

[POW/MIA Military Drawdown]

[Sec. 534. (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 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. 535. For the four-year period beginning on October 1, 1996,
the President shall ensure that excess defense articles will be made
available under section 516 and 519 of the Foreign Assistance Act of
1961 consistent with the manner in which the President made available
excess defense articles under those sections during the four-year period
that began on October 1, 1992, pursuant to section 573(e) of the Foreign
Operations, Export Financing, Related Programs Appropriations Act,
1990.]

[Cash Flow Financing]

[Sec. 536. 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. [537] 526. 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 Corp 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. [538] 527. 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 and Herzegovina]

[Sec. 539. (a) The President is authorized to direct the transfer,
subject to prior notification of the Committees on Appropriations, to
the Government of Bosnia and Herzegovina, without reimbursement of
defense articles from the stocks of the Department of Defense and
defense services of the Department of Defense of an aggregate value of
not to exceed $100,000,000 in fiscal years 1996 and 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.]
[(b) Within 60 days of any transfer under the authority provided in
subsection (a), 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.]
[(c) 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. 540. (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--
(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;

[[Page 119]]

(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 and Herzegovina that
is acceptable to the parties.]

Extension of Authority to Obligate Funds To Close the Special Defense
Acquisition Fund

Sec. 528. Title III of P.L. 103-306 is amended under
the heading ``Special Defense Acquisition Fund'' by striking
``1998'' and inserting ``2000''.

Special Authorities

Sec. [541] 529. (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 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(c) of the Foreign Assistance Act of 1961 and
section 906 of the International Security and Development Cooperation
Act of 1985[: Provided further, That none of the funds appropriated by
this Act may be made available for assistance for any country or
organization that the Secretary of State determines is cooperating,
tactically or strategically, with the Khmer Rouge in their military
operations, or to the military of any country that is not acting
vigorously to prevent its members from facilitating the export of timber
from Cambodia by the Khmer Rouge: Provided further, That the Secretary
of State shall submit a report to the Committees on Appropriations by
February 1, 1997, on whether there are any countries, organizations, or
militaries for which assistance is prohibited under the previous
proviso, the basis for such conclusions and, if appropriate, the steps
being taken to terminate assistance: Provided further, That the
prohibition on assistance to the military of any country that is not
acting vigorously to prevent its members from facilitating the export of
timber from Cambodia by the Khmer Rouge may be waived by the President
if he determines and reports to the Committees on Appropriations that is
is important to the national security interest of the United States to
do so.
(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 [1997] 1998, 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 county;
(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] 530. (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 and in other regions consistent with the
provisions of section 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 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] 531. (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 and 11 of part I, and chapter 4 of part II 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 [1997] 1998, 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] 532. (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 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

[[Page 120]]

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] 533. 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.

Prohibition on Publicity or Propaganda

Sec. [546] 534. 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. [547] 535. 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. 548. 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. 549. 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. 550. 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. 551. (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. 552. (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. [553] 536. 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 604(a) of the Middle East Peace Facilitation Act of 1995
(title VI of Public Law 104-107) 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 604(b)(2) of the Middle
East Peace Facilitation Act of 1995 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. [554] 537. Not to exceed 5 percent of any appropriation other
than for administrative expenses made available for fiscal year [1997]
1998 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. [555] 538. 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 President may direct a
drawdown pursuant to section 552(c) of the Foreign Assistance Act of
1961, as amended, of up to $25,000,000 of commodities and services for
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.

Landmines

Sec. [556] 539. Notwithstanding any other provision of law, demining
equipment available to the Agency for International Development and the
Department of State and used in support of the clearing of landmines and
unexploded ordnance for humanitarian purposes may be disposed of on a
grant basis in foreign countries,

[[Page 121]]

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 five-year period beginning on
October 23, 1992'' and inserting in lieu thereof ``During the eight-year
period beginning on October 23, 1992''].

[Restrictions Concerning the Palestinian Authority]

[Sec. 557. 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. [558] 540. 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.

[Humanitarian Corridors]

[Sec. 559. The Foreign Assistance Act of 1961 is amended by adding
immediately after section 620H the following new section:
``Sec. 620I. Prohibition on Assistance to Countries That Restrict
United States Humanitarian Assistance.--
``(a) In general.--No assistance shall be furnished under this
Act or the Arms Export Control Act to 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.--Assistance may be furnished without 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.
``(c) Notice.--Prior to making any determination under
subsection (b), the President shall notify the Committee on
International Relations, the Committee on Foreign Relations, and the
Committees on Appropriations of the Senate and House of
Representatives of his intention to make such a determination, the
effective date of the determination, and the reasons for making the
determination.''.]

[Equitable Allocation of Funds]

[Sec. 560. Not more than 20 percent of the funds appropriated by
this Act to carry out the provisions of sections 103 through 106 and
chapter 4 of part II of the Foreign Assistance Act of 1961, that are
made available for Latin America and the Caribbean region may be made
available, through bilateral and Latin America and the Caribbean
regional programs, to provide assistance for any country in such
region.]

[Purchase of American-Made Equipment and Products]

[Sec. 561. (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 of Funds for North American Development Bank]

[Sec. 562. 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.]

[International Development Association]

[Sec. 563. 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. [564] 541. (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. [565] 542. (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 [define] 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 for such debt by such
eligible country,

[[Page 122]]

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 sections 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 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 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''.

Liberia

Sec. [566] 543. 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.

[Guatemala]

[Sec. 567. (a) Funds provided in this Act may be made available for
the Guatemalan military 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 fully with efforts to resolve human rights
abuses which elements of the Guatemalan military forces are alleged to
have committed, ordered or attempted to thwart the investigation of, and
with efforts to negotiate a peace settlement.]
[(b) The prohibition contained in subsection (a) shall not apply to
funds made available to implement a ceasefire 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.]

Sanctions Against Countries Harboring War Criminals

Sec. [568] 544. (a) Bilateral Assistance.--The President is
authorized to withhold funds appropriated by this Act under the Foreign
Assistance Act of 1961 or the Arms Export Control Act for any country
described in subsection (c).
(b) Multilateral Assistance.--The Secretary of the Treasury 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.

Agency for International Development Enhanced Credit Authority

Sec. 545. For the cost, as defined in section 502 of
the Congressional Budget Act of 1974, of direct loans and
loan guarantees in support of the development objectives of
sections 103 through 106 of the Foreign Assistance Act of
1961 (FAA), up to $10,000,000 may be derived by transfer
from funds appropriated by this Act under the headings,
``Sustainable Development Assistance'' and ``Development
Fund for Africa,'' to remain available until expended:
Provided, That of this amount, up to $1,500,000 for
administrative expenses to carry out such programs shall be
transferred to and merged with the appropriation for
Operating Expenses, Agency for International Development:
Provided further, That the authority contained in the last
sentence of section 108(c) of the FAA shall be applicable to
funds made available under this heading: Provided further,
That section 620(q) of the FAA shall not be construed to
prohibit assistance to a country in the event that a private
sector recipient of assistance furnished under this heading
is in default in its payment to the United States for the
period specified in such section.

[Limitation on Assistance for Haiti]

[Sec. 569. (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, development, or electoral assistance.]
[(c) The President may waive the requirements of this section on a
semiannual basis if he determines and certifies to the appropriate
committees of Congress that it is in the national interest of the United
States.]

[Policy Toward Burma]

[Sec. 570. (a) Until such time as the President determines and
certifies to Congress that Burma has made measurable and substantial
progress in improving human rights practices and implementing democratic
government, the following sanctions shall be imposed on Burma:
(1) Bilateral assistance.--There shall be no United States
assistance to the Government of Burma, other than:
(A) humanitarian assistance,
(B) subject to the regular notification procedures of the
Committees on Appropriations, counter-narcotics assistance under
chapter 8 of part I of the Foreign Assistance Act of 1961, or
crop substitution assistance, if the Secretary of State
certifies to the appropriate congressional committees that--
(i) the Government of Burma is fully cooperating with
United States counter-narcotics efforts, and
(ii) the programs are fully consistent with United
States human rights concerns in Burma and serve the United
States national interest, and
(C) assistance promoting human rights and democratic
values.
(2) Multilateral assistance.--The Secretary of the Treasury
shall instruct the United States executive director of each inter-

[[Page 123]]

national financial institution to vote against any loan or other
utilization of funds of the respective bank to or for Burma.
(3) Visas.--Except as required by treaty obligations or to
staff the Burmese mission to the United States, the United States
should not grant entry visas to any Burmese government official.]
[(b) Conditional Sanctions.--The President is hereby authorized to
prohibit, and shall prohibit United States persons from new investment
in Burma, if the President determines and certifies to Congress that,
after the date of enactment of this Act, the Government of Burma has
physically harmed, rearrested for political acts, or exiled Daw Aung San
Suu Kyi or has committed large-scale repression of or violence against
the Democratic opposition.]
[(c) Multilateral Strategy.--The President shall seek to develop, in
coordination with members of ASEAN and other countries having major
trading and investment interests in Burma, a comprehensive, multilateral
strategy to bring democracy to and improve human rights practices and
the quality of life in Burma, including the development of a dialogue
between the State Law and Order Restoration Council (SLORC) and
democratic opposition groups within Burma.]
[(d) Presidential Reports.--Every six months following the enactment
of this Act, the President shall report to the Chairmen of the Committee
on Foreign Relations, the Committee on International Relations and the
House and Senate Appropriations Committees on the following:
(1) progress toward democratization in Burma;
(2) progress on improving the quality of life of the Burmese
people, including progress on market reforms, living standards,
labor standards, use of forced labor in the tourism industry, and
environmental quality; and
(3) progress made in developing the strategy referred to in
subsection (c).]
[(e) Waiver Authority.--The President shall have the authority to
waive, temporarily or permanently, any sanction referred to in
subsection (a) or subsection (b) if he determines and certifies to
Congress that the application of such sanction would be contrary to the
national security interests of the United States.]
[(f) Definitions.--
(1) The term ``international financial institutions'' shall
include the International Bank for Reconstruction and Development,
the International Development Association, the International Finance
Corporation, the Multilateral Investment Guarantee Agency, the Asian
Development Bank, and the International Monetary Fund.
(2) The term ``new investment'' shall mean any of the following
activities if such an activity is undertaken pursuant to an
agreement, or pursuant to the exercise of rights under such an
agreement, that is entered into with the Government of Burma or a
nongovernmental entity in Burma, on or after the date of the
certification under subsection (b):
(A) the entry into a contract that includes the economical
development of resources located in Burma, or the entry into a
contract providing for the general supervision and guarantee of
another person's performance of such a contract;
(B) the purchase of a share of ownership, including an
equity interest, in that development;
(C) the entry into a contract providing for the
participation in royalties, earnings, or profits in that
development, without regard to the form of the participation:
Provided, That the term ``new investment'' does not include the entry
into, performance of, or financing of a contract to sell or purchase
goods, services, or technology.]

[Report Regarding Hong Kong]

[Sec. 571. 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 during 1997 under such section include detailed
information on the status of, and other developments affecting,
implementation of the Sino-British Joint Declaration on the Question of
Hong King, including--
(1) the Basic Law and its consistency with the Joint
Declaration;
(2) Beijing's plans to replace the elected legislature with an
appointed body;
(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.]

[Use of Funds for Purchase of Products Not Made in America]

[Sec. 572. The Administrator of the Agency for International
Development shall provide a report to the appropriate committees of the
Congress on the ability of the United States Government to implement a
provision of law (and on the foreign policy implications of such a
provision of law) which would require that United States funds could be
made available to the government of a foreign country for the purchase
of any equipment or products only if such purchases were to occur in
such foreign country or the United States, and substantially similar
equipment and products were made in the United States and available for
purchase at a price that is not more than 10 percent higher than that in
other countries.]

[Conflict in Chechnya]

[Sec. 573. The Secretary of State shall provide to the Committees on
Appropriations no later than 30 days from the date of enactment of this
Act a detailed report on actions undertaken by the United States
Government to resolve the conflict in Chechnya.]

[Extension of Certain Adjudication Provisions]

[Sec. 575. The Foreign Operations, Export Financing, and Related
Programs Appropriations Act, 1990 (Public Law 101-167) is amended--
(1) in section 599D (8 U.S.C. 1157 note)--
(A) in subsection (b)(3), by striking ``and 1996'' and
inserting ``1996, and 1997''; and
(B) in subsection (e), by striking out ``October 1, 1996''
each place it appears and inserting ``October 1, 1997''; and
(2) in section 599E (8 U.S.C. 1255 note) in subsection (b)(2),
by striking out ``September 30, 1996'' and inserting ``September 30,
1997''.]

[Transparency of Budgets]

[Sec. 576. (a) Limitation.--Beginning three years after the date of
the enactment of this Act, the Secretary of the Treasury shall instruct
the United States Executive Director of each international financial
institution to use the voice and vote of the United States to oppose any
loan or other utilization of the funds of their respective institution,
other than to address basic human needs, for the government of any
country which the Secretary of the Treasury determines--
(1) does not have in place a functioning system for a civilian
audit of all receipts and expenditures that fund activities of the
armed forces and security forces;
(2) has not provided a summary of a current audit to the
institution.]
[(b) Definition.--For purposes of this section, the term
``international financial institution'' shall include the institutions
identified in section 532(b) of this Act.]

[Guarantees]

[Sec. 577. Section 251(b)(2)(G) of the Balanced Budget and Emergency
Deficit Control Act of 1985 is amended by striking ``fiscal year 1994
and 1995'' and inserting in lieu thereof ``fiscal years 1994, 1995, and
1997'' in both places that this appears.]

[Information on Cooperation With United States Anti-Terrorism Efforts in
Annual Country Reports on Terrorism]

[Sec. 578. Section 140 of the Foreign Relations Authorization Act,
fiscal years 1988 and 1989 (22 U.S.C. 2656f) is amended--
(1) in subsection (a)--
(A) by striking ``and'' at the end of paragraph (1);
(B) by striking the period at the end of paragraph (2) and
inserting a semicolon; and
(C) by adding at the end the following:
``(3) with respect to each foreign country from which
the United States Government has sought cooperation during
the previous five years in the investigation or prosecution
of an act of international terrorism against United States
citizens or interests, information on--
``(A) the extent to which the government of the foreign
country is cooperating with the United States Government in
apprehending, convicting, and punishing the individual or
individuals responsible for the act; and
``(B) the extent to which the government of the foreign
country is cooperating in preventing further acts of terrorism
against United States citizens in the foreign country; and

[[Page 124]]

``(4) with respect to each foreign country from which
the United States Government has sought cooperation during
the previous five years in the prevention of an act of
international terrorism against such citizens or interests,
the information described in paragraph (3)(B).''; and
(2) in subsection (c)--
(A) by striking ``The report'' and inserting ``(1) Except
as provided in paragraph (2), the report'';
(B) by indenting the margin of paragraph (1) as so
designated, 2 ems; and
(C) by adding at the end the following: ``(2) If the
Secretary of State determines that the transmittal of the
information with respect to a foreign country under paragraph
(3) or (4) of subsection (a) in classified form would make more
likely the cooperation of the government of the foreign country
as specified in such paragraph, the Secretary may transmit the
information under such paragraph in classified form.''.]

[Female Genital Mutilation]

[Sec. 579. (a) Limitation.--Beginning 1 year after the date of the
enactment of this Act, the Secretary of the Treasury shall instruct the
United States Executive Director of each international financial
institution to use the voice and vote of the United States to oppose any
loan or other utilization of the funds of their respective institution,
other than to address basic human needs, for the government of any
country which the Secretary of the Treasury determines--
(1) has, as a cultural custom, a known history of the practice
of female genital mutilation; and
(2) has not taken steps to implement educational programs
designed to prevent the practice of female genital mutilation.]
[(B) Definition.--For purposes of this section, the term
``international financial institution'' shall include the institutions
identified in section 532(b) of this Act.]

[Requirement for Disclosure of Foreign Aid in Report of Secretary of
State]

[Sec. 580. (a) Foreign Aid Reporting Requirement.--In addition to
the voting practices of a foreign country, the report required to be
submitted to Congress under section 406(a) of the Foreign Relations
Authorization Act fiscal years 1990 and 1991 (22 U.S.C. 2414a), shall
include a side-by-side comparison of individual countries' overall
support for the United States at the United Nations and the amount of
United States assistance provided to such country in fiscal year 1996.]
[(b) United States Assistance.--For purposes of this section, the
term ``United States assistance'' has the meaning given the term in
section 481(e)(4) of the Foreign Assistance Act of 1961 (22 U.S.C.
2291(e)(4)).]

[Restrictions on Voluntary Contributions to United Nations Agencies]

[Sec. 581. (a) Prohibition on Voluntary Contributions for the United
Nations.--None of the funds appropriated or otherwise made available by
this Act may be made available to pay any voluntary contribution of the
United States to the United Nations (including the United Nations
Development Program) if the United Nations implements or imposes any
taxation on any United States persons.]
[(b) Certification Required for Disbursement of Funds.--None of the
funds appropriated or otherwise made available under this Act may be
made available to pay any voluntary contribution of the United States to
the United Nations (including the United Nations Development Program)
unless the President certifies to the Congress 15 days in advance of
such payment that the United Nations is not engaged in any effort to
implement or impose any taxation on United States persons in order to
raise revenue for the United Nations or any of its specialized
agencies.]
[(c) Definitions.--As used in this section the term ``United States
person'' refers to--
(1) a natural person who is a citizen or national of the United
States; or
(2) a corporation, partnership, or other legal entity organized
under the United States or any State, territory, possession, or
district of the United States.]

[Haiti]

[Sec. 582. The Government of Haiti shall be eligible to purchase
defense articles and services under the Arms Export Control Act (22
U.S.C. 2751 et seq.), for the civilian-led Haitian National Police and
Coast Guard: Provided, That the authority provided by this section shall
be subject to the regular notification procedures of the Committees on
Appropriations.]

[Refugee Status for Adult Children of Former Vietnamese Reeducation Camp
Internees Resettled Under the Orderly Departure Program]

[Sec. 584. (a) Eligibility for Orderly Departure Program.--For
purposes of eligibility for the Orderly Departure Program for nationals
of Vietnam, during fiscal year 1997, an alien described in subsection
(b) shall be considered to be a refugee of special humanitarian concern
to the United States within the meaning of section 207 of the
Immigration and Nationality Act (8 U.S.C. 1157) and shall be admitted to
the United States for resettlement if the alien would be admissible as
an immigrant under the Immigration and Nationality Act (except as
provided in section 207(c)(3) of that Act).]
[(b) Aliens Covered.--An alien described in this subsection is an
alien who--
(1) is the son or daughter of a national of Vietnam who--
(A) was formerly interned in a reeducation camp in Vietnam
by the Government of the Socialist Republic of Vietnam; and
(B) has been accepted for resettlement as a refugee under
the Orderly Departure Program on or after April 1, 1995;
(2) is 21 years of age or older; and
(3) was unmarried as of the date of acceptance of the alien's
parent for resettlement under the Orderly Departure Program.]
[(c) Supersedes Existing Law.--This section supersedes any other
provision of law.]

[North Korea]

[Sec. 585. Ninety days after the date of enactment of this Act, and
every 180 days thereafter, the Secretary of State, in consultation with
the Secretary of Defense, shall provide a report in a classified or
unclassified form to the Committee on Appropriations including the
following information:
(a) a best estimate on fuel used by the military forces of the
Democratic People's Republic of Korea (DPRK);
(b) the deployment position and military training and
activities of the DPRK forces and best estimate of the associated
costs of these activities;
(c) steps taken to reduce the DPRK level of forces; and
(d) cooperation, training, or exchanges of information,
technology or personnel between the DPRK and any other nation
supporting the development or deployment of a ballistic missile
capability.]

[Limitation on Assistance to Mexico]

[Sec. 587. Not less than $2,500,000 of the funds appropriated or
otherwise made available by this Act for the Government of Mexico shall
be withheld from obligation until the President has determined and
reported to Congress that--
(1) the Government of Mexico is taking actions to reduce the
amount of illegal drugs entering the United States from Mexico; and
(2) the Government of Mexico--
(A) is taking effective actions to apply vigorously all law
enforcement resources to investigate, track, capture,
incarcerate, and prosecute individuals controlling, supervising,
or managing international narcotics cartels or other similar
entities and the accomplices of such individuals, individuals
responsible for, or otherwise involved in, corruption, and
individuals involved in money-laundering;
(B) is pursuing international anti-drug trafficking
initiatives;
(C) is cooperating fully with international efforts at
narcotics interdiction; and
(D) is cooperating fully with requests by the United States
for assistance in investigations of money-laundering violations
and is making progress toward implementation of effective laws
to prohibit money-laundering.]

[Limitation of Assistance to Turkey]

[Sec. 588. Not more than $22,000,000 of the funds appropriated in
this Act under the heading ``Economic Support Fund'' may be made
available to the Government of Turkey.]

[[Page 125]]

[Civil Liability for Acts of State Sponsored Terrorism]

[Sec. 589. (a) an official, employee, or agent of a foreign state
designated as a state sponsor of terrorism designated under section 6(j)
of the Export Administration Act of 1979 while acting within the scope
of his or her office, employment, or agency shall be liable to a United
States national or the national's legal representative for personal
injury or death caused by acts of that official, employee, or agent for
which the courts of the United States may maintain jurisdiction under
section 1605(a)(7) of title 28, United States Code, for money damages
which may include economic damages, solatium, pain, and suffering, and
punitive damages if the acts were among those described in section
1605(a)(7).]
[(b) Provisions related to statute of limitations and limitations on
discovery that would apply to an action brought under 28 U.S.C. 1605(f)
and (g) shall also apply to actions brought under this section. No
action shall be maintained under this action if an official, employee,
or agent of the United States, while acting within the scope of his or
her office, employment, or agency would not be liable for such acts if
carried out within the United States.] (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1997.)