[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)

----------------------------------------------------------------------------
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)

----------------------------------------------------------------------------
Identification code 11-5001-0-2-802      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

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

      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)

----------------------------------------------------------------------------
Identification code 11-1082-0-1-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-1081-0-1-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-1088-0-1-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

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

68.00   Offsetting collections (cash)...                       2
68.49   Portion applied to liquidate 
          contract authority............                      -2
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total).....................
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-1071-0-1-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-1085-0-1-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-4122-0-3-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-4121-0-3-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       7,911       7,021       6,096
1231  Disbursements: Direct loan 
        disbursements...................          35          14           9
      Repayments:

        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)

-----------------------------------------------------------------------------------------------
Identification code   11-4121-0-3-152    1995 actual    1996 actual     1997 est.      1998 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................          11
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

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)

----------------------------------------------------------------------------
Identification code 11-4174-0-3-152      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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
----------------------------------------------------------------------------

    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:
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)

----------------------------------------------------------------------------
Identification code 72-1005-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-0091-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-1021-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

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

      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)

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

      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)

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

      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)

----------------------------------------------------------------------------
Identification code 72-1035-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

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

      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

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Direct:
      Total compensable workyears:

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)

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

      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)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4119-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

      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)

----------------------------------------------------------------------------
Identification code 72-4344-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4342-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4343-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4103-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Balance, start of year:
01.99 Balance, start of year............       1,963       2,142       2,345
                                           ---------   ---------  ----------
03.00 Offsetting Collections............         179         203         158
04.00 Total: Balances and collections...       2,142       2,345       2,503
07.99 Total balance, end of year........       2,142       2,345       2,503
---------------------------------------------------------------------------

    These balances are reserves held for potential claims and are not 
expected to be obligated.


               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Unexpended balance, start of year:
0100  Treasury balance..................          20          20          20
      U.S. Securities:

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

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Total compensable workyears:
2001  Full-time equivalent employment...          71          80          80
2005  Full-time equivalent of overtime 
        and holiday hours...............           1           1           1
---------------------------------------------------------------------------

                                

[[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)

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 71-4074-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 71-4075-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 71-4030-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         287         216         161

[[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)

-----------------------------------------------------------------------------------------------
Identification code   71-4030-0-3-151    1995 actual    1996 actual     1997 est.      1998 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

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)

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

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

      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

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Direct:
      Total compensable workyears:

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)

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

      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)

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......          30          30          32
---------------------------------------------------------------------------

                                


 
                     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)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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-

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    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.)