[Appendix]
[Detailed Budget Estimates by Agency]
[International Assistance Program]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 979]]
INTERNATIONAL ASSISTANCE PROGRAMS
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, [$2,367,000,000] $2,389,000,000, to remain available until
[September 30, 2000: Provided, That of the funds appropriated under this
heading, not less than $1,080,000,000 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, 1998, whichever is later: Provided further, That not less
than $775,000,000 shall be available only for Egypt, which sum shall be
provided on a grant basis, and of which sum cash transfer assistance
shall be provided with the understanding that Egypt will undertake
significant economic reforms which are additional to those which were
undertaken in previous fiscal years: Provided further, That in
exercising the authority to provide cash transfer assistance for Israel,
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 such country: Provided further, That of the funds
appropriated under this heading, not less than $150,000,000 should be
made available for assistance for Jordan: Provided further, That
notwithstanding any other provision of law,] expended, of which not to
exceed [$10,000,000] $11,000,000 may be used, notwithstanding any other
provision of law, to support victims of the Holocaust. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1999, as included in Public Law 105-277, section 101(d).)
[Notwithstanding section 10 of Public Law 91-672, for an additional
amount for ``Economic Support Fund'' for assistance for Kenya and
Tanzania, $50,000,000, to remain available until September 30, 2000:
Provided, That the entire amount is designated by the Congress as an
emergency requirement pursuant to section 251(b)(2)(A) of the Balanced
Budget and Emergency Deficit Control Act of 1985, as amended: Provided
further, That funds appropriated under this paragraph may be made
available for administrative costs associated with assistance provided
under this paragraph: Provided further, That $2,500,000 shall be
transferred to and merged with ``Operating Expenses of the Agency for
International Development'' for security and related expenses: Provided
further, That $1,269,000 shall be transferred to and merged with ``Peace
Corps'' for security and related expenses: Provided further, That the
transfers authorized in the preceding provisos shall be in addition to
sums otherwise available for such purposes: Provided further, That funds
appropriated under this paragraph shall only be available through the
regular notification procedures of the Committees on Appropriations.]
(Omnibus Consolidated and Emergency Supplemental Appropriations Act,
1999, Public Law 105-277, Division B, Title II, chapter 3.)
[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, 2000.] (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1999, as included in
Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1037-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total new obligations............. 2,430 2,684 2,389
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 233 251
22.00 New budget authority (gross)...... 2,435 2,433 2,389
22.10 Resources available from
recoveries of prior year
obligations..................... 14
22.21 Unobligated balance transferred to
other accounts.................. -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,681 2,684 2,389
23.95 Total new obligations............. -2,430 -2,684 -2,389
24.40 Unobligated balance available, end
of year......................... 251
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 2,420 2,437 2,389
41.00 Transferred to other accounts..... -20 -4
42.00 Transferred from other accounts... 35
--------- --------- ----------
43.00 Appropriation (total)........... 2,435 2,433 2,389
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 2,976 2,958 3,455
73.10 Total new obligations............. 2,430 2,684 2,389
73.20 Total outlays (gross)............. -2,461 -2,187 -2,198
73.40 Adjustments in expired accounts... 27
73.45 Adjustments in unexpired accounts. -14
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 2,958 3,455 3,646
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 1,285 1,175 1,032
86.93 Outlays from current balances..... 1,176 1,012 1,164
--------- --------- ----------
87.00 Total outlays (gross)........... 2,461 2,187 2,198
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2,435 2,433 2,389
90.00 Outlays........................... 2,461 2,187 2,198
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
1998 actual 1999 est. 2000 est.
Enacted/requested:
Budget Authority.................. 2,435 2,433 2,389
Outlays........................... 2,461 2,187 2,196
Supplemental proposal:
Budget Authority.................. 200 150
Outlays........................... 14 73
------------------------------------
Total:
Budget Authority.................. 2,435 2,633 2,539
Outlays........................... 2,461 2,201 2,269
====================================
This account supports U.S. foreign policy objectives by providing
economic assistance to allies and countries in transition to democracy,
supporting the Middle East peace process, and financing economic
stabilization programs, frequently in a multi-donor context. Key
objectives include:
(1) Supporting strategically significant friends and allies through
assistance designed to increase the role of the private sector in the
economy, reduce government controls over markets, enhance job creation,
and improve economic growth.
(2) Developing and strengthening institutions necessary for
sustainable democracy. Typical areas of assistance include technical
assistance to administer and monitor elections, capacity-building for
non-governmental organizations, judicial training, and women's
participation in politics. Assistance is also provided to support the
transformation of the public sector to encourage democratic development,
including training to improve public administration, promote
decentralization, strengthen local governments, parliaments, independent
media and non-governmental organizations.
[[Page 980]]
(3) Strengthening the capacity to manage the human dimension of the
transition to democracy and a market econ- omy, and to help sustain the
neediest sectors of the population during the transition period.
Haiti.--The Administration is requesting a total of $70,000,000 out
of the total ESF appropriation for Haiti. Haiti is at a pivotal juncture
in its efforts to make the transformation to a democratic form of
government and a free market economy.
Holocaust Victims Relief.--This is a contribution toward the three-
year U.S. Government donation (not to exceed $25 million) for a
multilateral program of financial relief to certain victims of Nazi
persecution during World War II. Grants from the fund will be provided
through approved non-governmental organizations with established
administrative and organizational infrastructure to ensure the
contributions are utilized only for the relief of living victims, who
have to date received little or no relief and currently live below the
poverty line in their country of residence.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1037-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
25.2 Other services.................. 8 8 8
41.0 Grants, subsidies, and
contributions................. 2,389 2,676 2,381
--------- --------- ----------
99.0 Subtotal, direct obligations.. 2,397 2,684 2,389
41.0 Allocation Account: Grants,
subsidies, and contributions.... 33
--------- --------- ----------
99.9 Total new obligations........... 2,430 2,684 2,389
---------------------------------------------------------------------------
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,
[$3,330,000,000] $3,430,000,000: Provided, [That of the funds
appropriated under this heading, not less than $1,860,000,000 shall be
available for grants only for Israel, and not less than $1,300,000,000
shall be made available for grants only for Egypt: Provided further,]
That [the] funds [appropriated by] made available under this paragraph
for Israel and up to $470,000,000 made available under this paragraph
for Egypt, shall be disbursed within thirty days of enactment of this
Act or by October 31, [1998] 1999, 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
$490,000,000 shall be available for the procurement in Israel of defense
articles and defense services, including research and development:
Provided further, That of the funds appropriated by this paragraph, not
less than $45,000,000 should be available for assistance for Jordan:
Provided further, That during fiscal year 1999 the President is
authorized to, and shall, direct drawdowns 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 of
not less than $25,000,000 under the authority of this proviso for Jordan
for the purposes of part II of the Foreign Assistance Act of 1961:
Provided further, That section 506(c) of the Foreign Assistance Act of
1961 shall apply, and section 632(d) of the Foreign Assistance Act of
1961 shall not apply, to any such drawdown: 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: Provided further, That of the funds appropriated by this
paragraph, not less than $7,000,000 shall be made available for
assistance for Tunisia: Provided further, That during fiscal year 1999,
the President is authorized to, and shall, direct the drawdowns 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 of not less than $5,000,000 under the
authority of this proviso for Tunisia for the purposes of part II of the
Foreign Assistance Act of 1961 and any amount so directed shall count
toward meeting the earmark in the previous proviso: Provided further,
That section 506(c) of the Foreign Assistance Act of 1961 shall apply
and section 632(d) of the Foreign Assistance Act of 1961 shall not apply
to any such drawdown: Provided further,] That funds appropriated by this
paragraph shall be nonrepayable notwithstanding any requirement in
section 23 of the Arms Export Control Act: Provided further, That funds
made available under this [heading] paragraph shall be obligated upon
apportionment in accordance with paragraph (5)(C) of title 31, United
States Code, section 1501(a).
[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, $20,000,000: Provided,
That these funds are available to subsidize gross obligations for the
principal amount of direct loans of not to exceed $167,000,000].
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 none of the funds appropriated under
this heading shall be available for assistance for Sudan and Liberia:
Provided further,] That funds made available under this heading may be
used, notwithstanding any other provision of law, for demining, the
clearance of unexploded ordnance, and related activities, and may
include activities implemented through nongovernmental and international
organizations: Provided further, [That none of the funds under this
heading shall be available for assistance for Guatemala: 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 [$29,910,000] $30,000,000 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
[$340,000,000] $330,000,000 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 [1999] 2000
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, 1999, as
included in Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1082-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity--Country
Program......................... 3,318 3,300 3,400
00.02 Direct Program Activity--
Administrative Expenses......... 29 30 30
--------- --------- ----------
01.92 Total Direct Obligations........ 3,347 3,330 3,430
09.01 Reimbursable program NADR Demining 2
09.02 Reimbursable program (country
grants funded by sales receipts) 2
--------- --------- ----------
[[Page 981]]
09.99 Total reimbursable program...... 4
--------- --------- ----------
10.00 Total new obligations........... 3,351 3,330 3,430
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3,351 3,330 3,430
23.95 Total new obligations............. -3,351 -3,330 -3,430
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 3,296 3,330 3,430
42.00 Transferred from other accounts. 51
--------- --------- ----------
43.00 Appropriation (total)......... 3,347 3,330 3,430
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 4
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 3,351 3,330 3,430
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 2,110 2,339 2,435
73.10 Total new obligations............. 3,351 3,330 3,430
73.20 Total outlays (gross)............. -3,122 -3,233 -3,157
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 2,339 2,435 2,708
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 1,864 1,899 1,961
86.93 Outlays from current balances..... 1,258 1,332 1,195
86.98 Outlays from permanent balances... 3 1
--------- --------- ----------
87.00 Total outlays (gross)........... 3,122 3,233 3,157
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.40 Non-Federal sources........... -2
88.45 Offsetting governmental
collections................. -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3,347 3,330 3,430
90.00 Outlays........................... 3,118 3,233 3,157
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
1998 actual 1999 est. 2000 est.
Enacted/requested:
Budget Authority.................. 3,347 3,330 3,430
Outlays........................... 3,118 3,234 3,157
Supplemental proposal:
Budget Authority.................. 700 350
Outlays........................... 607 334
------------------------------------
Total:
Budget Authority.................. 3,347 4,030 3,780
Outlays........................... 3,118 3,841 3,491
====================================
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. The $470,000,000
requested for early disbursement for Egypt equals the average potential
U.S. liability if outstanding Egyptian FMS contracts were cancelled.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1082-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
25.2 Other services.................. 29 30 30
41.0 Grants, subsidies, and
contributions................. 3,318 3,300 3,400
--------- --------- ----------
99.0 Subtotal, direct obligations.. 3,347 3,330 3,430
99.0 Reimbursable obligations.......... 4
--------- --------- ----------
99.9 Total new obligations........... 3,351 3,330 3,430
---------------------------------------------------------------------------
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] $52,000,000 of which
up to $1,000,000 may remain available until expended: Provided, That the
civilian personnel for whom military education and training may be
provided under this heading may include civilians who are not members of
a government whose participation would contribute to improved civil-
military relations, civilian control of the military, or respect for
human rights[: Provided further, That funds appropriated under this
heading for grant financed military education and training for Indonesia
and Guatemala may only be available for expanded international military
education and training and funds made available for Guatemala may only
be provided through the regular notification procedures of the
Committees on Appropriations: Provided further, That none of the funds
appropriated under this heading may be made available to support grant
financed military education and training at the School of the Americas
unless the Secretary of Defense certifies that the instruction and
training provided by the School of the Americas is fully consistent with
training and doctrine, particularly with respect to the observance of
human rights, provided by the Department of Defense to United States
military students at Department of Defense institutions whose primary
purpose is to train United States military personnel]. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1999, as included in Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1081-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total new obligations............. 50 50 52
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 50 50 52
23.95 Total new obligations............. -50 -50 -52
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 50 50 52
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 35 41 40
73.10 Total new obligations............. 50 50 52
73.20 Total outlays (gross)............. -41 -51 -52
73.40 Adjustments in expired accounts... -2
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 41 40 40
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 22 25 26
86.93 Outlays from current balances..... 19 26 26
--------- --------- ----------
87.00 Total outlays (gross)........... 41 51 52
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 50 50 52
90.00 Outlays........................... 41 51 52
---------------------------------------------------------------------------
This assistance provides grants for 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 internationally recognized standards of individual and human rights.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1081-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
26.0 Supplies and materials............ 5 5 5
41.0 Grants, subsidies, and
contributions................... 45 45 47
--------- --------- ----------
99.9 Total new obligations........... 50 50 52
---------------------------------------------------------------------------
[[Page 982]]
Military-to-Military Contact Program
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1084-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 2 1
73.20 Total outlays (gross)............. -1
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1
---------------------------------------------------------------------------
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.
Peacekeeping Operations
For necessary expenses to carry out the provisions of section 551 of
the Foreign Assistance Act of 1961, [$76,500,000: Provided, That none of
the funds appropriated under this heading shall be obligated or expended
except as provided through the regular notification procedures of the
Committees on Appropriations] $130,000,000. (Foreign Operations, Export
Financing, and Related Programs Appropriations Act, 1999, as included in
Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1032-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 84 77 130
09.00 Reimbursable program.............. 4
--------- --------- ----------
10.00 Total new obligations........... 88 77 130
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 88 77 130
23.95 Total new obligations............. -88 -77 -130
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 78 77 130
41.00 Transferred to other accounts... -3
42.00 Transferred from other accounts. 9
--------- --------- ----------
43.00 Appropriation (total)......... 84 77 130
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 4
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 88 77 130
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 41 38 37
73.10 Total new obligations............. 88 77 130
73.20 Total outlays (gross)............. -89 -78 -114
73.40 Adjustments in expired accounts... -2
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 38 37 53
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 60 53 90
86.93 Outlays from current balances..... 25 25 24
86.97 Outlays from new permanent
authority....................... 4
--------- --------- ----------
87.00 Total outlays (gross)........... 89 78 114
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -2
88.40 Non-Federal sources........... -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 84 77 130
90.00 Outlays........................... 85 78 114
---------------------------------------------------------------------------
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 provides funds to other related programs carried out in
furtherance of the national security interests of the United States. In
2000, contributions are planned for the Multinational Force and
Observers in the Sinai, Europe, Africa, OSCE activities in Bosnia,
Croatia, and Kosovo and other regional programs, and other activities.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1032-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
41.0 Direct obligations: Grants,
subsidies, and contributions.... 84 77 130
99.0 Reimbursable obligations:
Subtotal, reimbursable
obligations..................... 4
--------- --------- ----------
99.9 Total new obligations........... 88 77 130
---------------------------------------------------------------------------
Nonproliferation, Anti-Terrorism, Demining and Related Programs
For necessary expenses for nonproliferation, anti-terrorism and
related programs and activities, [$198,000,000] $231,000,000, 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 or the Foreign Assistance Act of 1961 for
demining activities, the clearance of unexploded ordnance, and related
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 a United States contribution to the
Comprehensive Nuclear Test Ban Treaty Preparatory Commission: Provided,
[That the Secretary of State shall inform the Committees on
Appropriations at least twenty days prior to the obligation of funds for
the Comprehensive Nuclear Test Ban Treaty Preparatory Commission:
Provided further,] 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 of the funds appropriated under this heading not
less than $35,000,000 should be made available for demining, clearance
of unexploded ordnance, and related activities:] Provided further, That
of the funds made available for demining and related activities, not to
exceed $500,000, in addition to funds otherwise available for such
purposes, may be used for expenses related to the operation and
management of the demining program[: 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].
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)
[Notwithstanding section 15 of the State Department Basic
Authorities Act of 1956 and section 10 of Public Law 91-672, for an
[[Page 983]]
additional amount for ``Nonproliferation, Anti-Terrorism, Demining and
Related Programs'' for anti-terrorism assistance, $20,000,000, to remain
available until September 30, 2000: Provided, That the entire amount is
designated by the Congress as an emergency requirement pursuant to
section 251(b)(2)(A) of the Balanced Budget and Emergency Deficit
Control Act of 1985, as amended.] (Omnibus Consolidated and Emergency
Supplemental Appropriations Act, 1999, Public Law 105-277, Division B,
Title II, chapter 3.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1075-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Comprehensive test ban treaty
prepcom......................... 29 20
00.02 Demining.......................... 24 49 40
00.03 Export control.................... 3 5 15
00.04 Nonproliferation and disarmament
assistance...................... 10 22 15
00.05 Anti-terrorism assistance......... 19 41 33
00.06 IAEA voluntary contribution....... 36 40 43
00.07 KEDO payment...................... 45 35 55
00.08 Science centers in NIS............ 15 5
00.09 Unallocated....................... 18
00.11 Counter-Terrorism................. 10
09.01 Reimbursable program.............. 4 4 4
--------- --------- ----------
10.00 Total new obligations........... 156 248 235
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 1 27 1
22.00 New budget authority (gross)...... 182 222 235
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 183 249 236
23.95 Total new obligations............. -156 -248 -235
24.40 Unobligated balance available, end
of year......................... 27 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 133 198 231
40.15 Appropriation (emergency)....... 14 20
42.00 Transferred from other accounts. 27
--------- --------- ----------
43.00 Appropriation (total)......... 174 218 231
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 8 4 4
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 182 222 235
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 36 72 118
73.10 Total new obligations............. 156 248 235
73.20 Total outlays (gross)............. -120 -202 -218
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 72 118 135
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 93 142 150
86.93 Outlays from current balances..... 23 56 63
86.97 Outlays from new permanent
authority....................... 5 3 3
86.98 Outlays from permanent balances... 2 2
--------- --------- ----------
87.00 Total outlays (gross)........... 120 202 218
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -3 -4 -4
88.40 Non-Federal sources........... -5
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -8 -4 -4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 174 218 231
90.00 Outlays........................... 113 198 214
---------------------------------------------------------------------------
This account funds contributions to certain organizations supporting
nonproliferation, and provides assistance for nonproliferation,
demining, antiterrorism, and export control activities.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1075-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
21.0 Travel and transportation of
persons....................... 1 1
25.2 Other services.................. 78 118 120
31.0 Equipment....................... 3 4 4
41.0 Grants, subsidies, and
contributions................. 71 121 106
--------- --------- ----------
99.0 Subtotal, direct obligations.. 152 244 231
99.0 Reimbursable obligations.......... 4 4 4
--------- --------- ----------
99.9 Total new obligations........... 156 248 235
---------------------------------------------------------------------------
Assistance for Relocation of Facilities in Israel
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1088-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 2
24.40 Unobligated balance available, end
of year......................... 2
----------------------------------------------------------------------------
Change in unpaid obligations:
72.49 Unpaid obligations, start of year:
Obligated balance, start of
year: Contract authority........ 3 3
73.40 Adjustments in expired accounts... -3
74.49 Unpaid obligations, end of year:
Obligated balance, end of year:
Contract authority.............. 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Status of Contract Authority (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1088-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
0100 Balance, start of year............ 3 3
0360 Adjustments in expired accounts... -3
0700 Balance, end of year.............. 3
---------------------------------------------------------------------------
This account shows financial transactions related to the
construction of two airfields in Israel that were part of the Camp David
agreement. The 1999 transactions are expected to be the last ones in
this account.
Non-Proliferation and Disarmament Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1071-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total new obligations (object
class 25.2)..................... 5 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 5 2
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 6 2
23.95 Total new obligations............. -5 -2
24.40 Unobligated balance available, end
of year......................... 2
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 17 11 6
73.10 Total new obligations............. 5 2
73.20 Total outlays (gross)............. -11 -7 -6
73.45 Adjustments in unexpired accounts. -1
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 11 6
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 11 7 6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
[[Page 984]]
90.00 Outlays........................... 11 7 6
---------------------------------------------------------------------------
This account provided 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. Starting in 1997, these
activities have been funded from the Non-Proliferation, Anti-Terrorism,
Demining and Related Programs account. This schedule reflects the spend-
out of prior-year obligations.
Credit accounts:
Foreign Military Financing Loan Program Account
General Fund Credit Receipt Accounts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1085-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
0101 Negative subsidies/subsidy
reestimates..................... 15 3
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1085-0-1-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 12 20
00.05 Direct program.................... 16 4
00.06 Direct program.................... 3 1
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 31 25
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 31 25
23.95 Total new obligations............. -31 -25
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 60 20
41.00 Transferred to other accounts... -48
--------- --------- ----------
43.00 Appropriation (total)......... 12 20
Permanent:
60.05 Appropriation (indefinite)...... 19 5
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 31 25
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 202 181 173
73.10 Total new obligations............. 31 25
73.20 Total outlays (gross)............. -52 -33 -40
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 181 173 133
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 34 28 40
86.97 Outlays from new permanent
authority....................... 19 5
--------- --------- ----------
87.00 Total outlays (gross)........... 52 33 40
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 31 25
90.00 Outlays........................... 52 33 40
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
1998 actual 1999 est. 2000 est.
Enacted/requested:
Budget Authority.................. 31 25
Outlays........................... 53 33 40
Rescission proposal:
Budget Authority.................. -18
Outlays........................... -18
------------------------------------
Total:
Budget Authority.................. 31 7
Outlays........................... 53 15 40
====================================
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct loan levels................ 100 167
--------- --------- ----------
1159 Total direct loan levels........ 100 167
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 12.34 11.97 0.00
--------- --------- ----------
1329 Weighted average subsidy rate... 12.34 11.97 0.00
Direct loan subsidy budget authority:
1330 Subsidy budget authority.......... 31 25
--------- --------- ----------
1339 Total subsidy budget authority.. 31 25
Direct loan subsidy outlays:
1340 Subsidy outlays................... 52 33 40
--------- --------- ----------
1349 Total subsidy outlays........... 52 33 40
---------------------------------------------------------------------------
Foreign Military Financing Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4122-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 100 167
00.02 Direct program.................... 18
00.03 Direct program.................... 113 94 100
00.04 Direct program.................... 13 3
00.05 Direct Program Activity........... 2
--------- --------- ----------
10.00 Total new obligations........... 246 264 100
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 247 264 100
23.95 Total new obligations............. -246 -264 -100
----------------------------------------------------------------------------
New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 122 145
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 324 413 449
68.10 Change in receivables from
program account............... -22 -8 -40
68.47 Portion applied to debt
reduction..................... -177 -286 -309
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 125 119 100
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 247 264 100
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Obligated balance, start of year 1,692 1,541 1,282
72.95 Receivables from program account 202 180 172
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 1,894 1,721 1,454
73.10 Total new obligations............. 246 264 100
73.20 Total financing disbursements
(gross)......................... -419 -530 -570
Unpaid obligations, end of year:
74.40 Obligated balance, end of year.. 1,541 1,282 852
74.95 Receivables from program account 180 172 132
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 1,721 1,454 984
[[Page 985]]
87.00 Total financing disbursements
(gross)......................... 419 530 570
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources-subsidy....... -52 -33 -40
88.25 Interest on uninvested funds.. -27
Non-Federal sources:
88.40 Non-Federal sources......... -160 -263 -313
88.40 Non-Federal sources......... -85 -117 -96
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -324 -413 -449
88.95 Change in receivables from program
accounts........................ 22 8 40
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... -55 -141 -309
90.00 Financing disbursements........... 95 117 121
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4122-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 100 167
1112 Unobligated direct loan limitation
--------- --------- ----------
1150 Total direct loan obligations... 100 167
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 1,451 1,582 1,753
1231 Disbursements: Direct loan
disbursements................... 291 433 470
1251 Repayments: Repayments and
prepayments..................... -160 -262 -313
--------- --------- ----------
1290 Outstanding, end of year........ 1,582 1,753 1,910
---------------------------------------------------------------------------
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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 130 169
Investments in US securities:
1106 Receivables, net.............. 202 181 173 133
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 1,451 1,582 1,753 1,910
1402 Interest receivable............. 16 17 19 20
1405 Allowance for subsidy cost (-).. -189 -227 -205 -149
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 1,278 1,372 1,567 1,781
1901 Other Federal assets: Other assets 1,562 1,372 1,114 684
------------ -------------- ------------ -------------
1999 Total assets.................... 3,172 3,094 2,854 2,598
LIABILITIES:
Federal liabilities:
2103 Debt............................ 1,408 1,541 1,568 1,782
2105 Other........................... 1,764 1,553 1,286 816
------------ -------------- ------------ -------------
2999 Total liabilities............... 3,172 3,094 2,854 2,598
NET POSITION:
3100 Appropriated capital..............
------------ -------------- ------------ -------------
3999 Total net position..............
------------ -------------- ------------ -------------
4999 Total liabilities and net position 3,172 3,094 2,854 2,598
-----------------------------------------------------------------------------------------------
Foreign Military Loan Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program-Defaults Guaranteed
Commercial Bank Loans........... 26 11 25
00.02 Direct program-Defaults FFB Loans. 20 32 18
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 46 43 43
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 46 43 43
23.95 Total new obligations............. -46 -43 -43
----------------------------------------------------------------------------
New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 28 31 35
Spending authority from offsetting
collections:
Offsetting collections (cash):
68.00 Offsetting collections
(cash)--loans............... 256 230 593
68.00 Offsetting collections
(cash)--debt reduction...... 5 100
68.27 Capital transfer to general fund -24 -100 -365
68.47 Portion applied to debt
reduction--FFB................ -219 -218 -220
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 18 12 8
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 46 43 43
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 46 43 43
73.20 Total outlays (gross)............. -46 -43 -43
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 46 43 43
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources--debt
reduction................... -5 -100
Non-Federal sources:
88.40 Non-Federal sources--loans
other than FFB............ -37 -12 -373
88.40 Non-Federal sources--FFB
loan principal............ -219 -218 -220
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -261 -330 -593
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -215 -287 -550
90.00 Outlays........................... -215 -287 -550
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 6,154 5,392 4,576
1231 Disbursements: Direct loan
disbursements................... 9 8 8
1251 Repayments: Repayments and
prepayments..................... -790 -601 -500
1261 Adjustments: Capitalized interest. 25 7
1264 Write-offs for default: Other
adjustments, net Loss on Sale of
Assets.......................... -6 -230 -3
--------- --------- ----------
1290 Outstanding, end of year........ 5,392 4,576 4,081
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 5,691 5,304 4,924
2251 Repayments and prepayments........ -385 -379 -373
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -2 -1
--------- --------- ----------
2290 Outstanding, end of year........ 5,304 4,924 4,551
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 4,774 4,432 4,096
----------------------------------------------------------------------------
[[Page 986]]
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 1 1 6
2331 Disbursements for guaranteed
loan claims................... 26 11 25
2351 Repayments of guaranteed loan
claims........................
2364 Other adjustments, net.......... -26 -6
--------- --------- ----------
2390 Outstanding, end of year...... 1 6 31
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, this account
records all cash flows to and from the Government resulting from direct
loans obligated and loan guarantees for foreign military financing
committed prior to 1992. This account is shown on a cash basis and
reflects the transactions resulting from loans provided to finance sales
of defense articles, defense services, and design and construction
services to foreign countries and international organizations. All new
foreign military financing credit activity in 1992 and beyond (including
modifications of direct loans or loan guarantees that resulted from
obligations or commitments in any year) is recorded in corresponding
program and financing accounts.
Statement of Operations (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
0111 Revenue........................... 322 302 269 241
0112 Expense........................... -330 -307 -269 -241
------------ -------------- ------------ -------------
0119 Net income or loss (-)............ -8 -5
------------ -------------- ------------ -------------
0199 Net income or loss................ -8 -5
-----------------------------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 11-4121-0-3-152 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601 Direct loans, gross............. 6,154 5,386 4,471 3,976
1602 Interest receivable............. 729 1,104 984 883
1604 Direct loans and interest
receivable, net............... 6,883 6,490 5,455 4,859
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 6,883 6,490 5,455 4,859
1701 Defaulted guaranteed loans,
gross......................... 1
------------ -------------- ------------ -------------
1999 Total assets.................... 6,883 6,491 5,455 4,859
LIABILITIES:
Federal liabilities:
2102 Accrued Interest Payable to FFB. 48 44 41 38
2103 Debt--Principal owed to FFB..... 3,048 2,829 2,611 2,390
2105 Other........................... 3,177
------------ -------------- ------------ -------------
2999 Total liabilities............... 6,273 2,873 2,652 2,428
NET POSITION:
3200 Invested capital.................. 2,558 1,860 1,585
3300 Cumulative results of operations.. 610 1,060 943 846
------------ -------------- ------------ -------------
3999 Total net position.............. 610 3,618 2,803 2,431
------------ -------------- ------------ -------------
4999 Total liabilities and net position 6,883 6,491 5,455 4,859
-----------------------------------------------------------------------------------------------
Military Debt Reduction Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program--Payment to
Liquidating Account............. 5 100
09.02 Reimbursable program--Interest to
Treasury........................ 1 7 6
--------- --------- ----------
10.00 Total new obligations........... 6 107 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 6 107 6
23.95 Total new obligations............. -6 -107 -6
----------------------------------------------------------------------------
New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 4 102 6
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 3 5
68.47 Portion applied to debt
reduction..................... -1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 2 5
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 6 107 6
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 6 107 6
73.20 Total financing disbursements
(gross)......................... -6 -107 -6
87.00 Total financing disbursements
(gross)......................... 6 107 6
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -2 -5
88.40 Non-Federal sources........... -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -3 -5
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 3 102 6
90.00 Financing disbursements........... 3 102 6
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 5
--------- --------- ----------
1150 Total direct loan obligations... 5
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 4 9 109
1233 Disbursements: Purchase of loans
assets from a liquidating
account......................... 5 100
1251 Repayments: Repayments and
prepayments.....................
--------- --------- ----------
1290 Outstanding, end of year........ 9 109 109
---------------------------------------------------------------------------
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. 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 11-4174-0-3-152 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 3 9 109 109
1405 Allowance for subsidy cost (-).. -2 -7 -7
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 3 7 102 102
1901 Other Federal assets: Other assets 4 10
------------ -------------- ------------ -------------
[[Page 987]]
1999 Total assets.................... 3 7 106 112
LIABILITIES:
2103 Federal liabilities: Debt......... 3 7 106 112
------------ -------------- ------------ -------------
2999 Total liabilities............... 3 7 106 112
------------ -------------- ------------ -------------
4999 Total liabilities and net position 3 7 106 112
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-4174-0-3-152 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
33.0 Investments and loans............. 5 100
43.0 Interest and dividends............ 1 6 6
--------- --------- ----------
99.9 Total new obligations........... 6 106 6
---------------------------------------------------------------------------
INTERNATIONAL DEVELOPMENT ASSISTANCE
MULTILATERAL ASSISTANCE
Federal Funds
General and special funds:
International Financial Institutions
contribution to global environment facility [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
contribution to the Global Environment Facility (GEF), $192,500,000 to
remain available until expended for contributions previously due:
Provided, That such funds shall be subject to the regular notification
procedures of the Committees on Appropriations.] For the United States
contribution for the Global Environment Facility (GEF), $143,333,333, to
the International Bank for Reconstruction and Development as trustee for
the GEF, by the Secretary of the Treasury, to remain available until
expended. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0077-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 48 193 143
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 7,663 7,663 7,663
22.00 New budget authority (gross)...... 48 193 143
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 7,711 7,856 7,806
23.95 Total new obligations............. -48 -193 -143
24.40 Unobligated balance available, end
of year......................... 7,663 7,663 7,663
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 48 193 143
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 158 147 286
73.10 Total new obligations............. 48 193 143
73.20 Total outlays (gross)............. -59 -54 -52
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 147 286 377
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 4 17
86.93 Outlays from current balances..... 55 37 51
--------- --------- ----------
87.00 Total outlays (gross)........... 59 54 52
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 48 193 143
90.00 Outlays........................... 59 54 52
---------------------------------------------------------------------------
The International Bank for Reconstruction and Development (IBRD or
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 $21.1 billion during its 1998
fiscal year; IBRD gross disbursements were $19.2 billion. Since its
establishment in 1945, the IBRD has made loans totalling $316 billion--
$147 for every $1 of U.S. paid in capital.
The IBRD acts as trustee for the Global Environment Facility Trust
Fund. The Global Environment Facility (GEF) provides technical
assistance and partial funding for developing country investments
designed to provide global environmental benefits by reducing
international water pollution and ozone depletion, and by promoting
biodiversity and energy conservation. With its highly specific focus on
global environmental issues--where both costs and benefits are shared
across international borders--the GEF occupies a unique and increasingly
important niche in the international financial institution system. Its
basic mission is to support innovative and cost-effective pilot
investments whose design and environmental benefits can be duplicated
(and financed) elsewhere. Under strong U.S. leadership, flowing in part
from our position as the largest donor on the GEF's governing Council,
the GEF has been making substantial progress in leveraging its limited
resources. The World Bank, the UN Development Program, the UN
Environment Program and, increasingly, private investors, provide
substantial cofinancing for GEF projects. Since its inception in 1994,
total GEF commitments amount to about $2.2 billion, triggering
additional cofinancing of about $5 billion.
The initial U.S. commitment to the GEF in 1995 amounted to $430
million. In March, 1998 the Administration concluded negotiation of a
$2.75 billion second GEF replenishment (GEF-2) covering fiscal years
1999 to 2002. We limited our GEF-2 pledge to GEF-1 levels of $430
million over four years. As of the end of 1999, we will clear all GEF-1
arrears but will also accrue arrears to GEF-2 of $107.5 million. The
2000 request of $143.3 million would clear a portion of new arrears and
cover one year of annual contributions to the GEF's second funding
cycle.
contribution to the international development association
For payment to the International Development Association (IDA) by
the Secretary of the Treasury, [$800,000,000] $803,430,000, to remain
available until expended[: Provided, That none of these funds may be
obligated or expended until the Secretary of the Treasury certifies that
a procedure has been established for the Comptroller General of the
United States to be provided full access to: (1) the financial and
related records of the International Bank for Reconstruction and
Development and IDA for the purposes of conducting audits of current
loans and financial assistance provided by these institutions; and (2)
management personnel manuals, procedures, and policy guidelines:
Provided further, That following the review conducted in the previous
proviso, the Comptroller General shall report to the Committees on
Appropriations on the results of the audit and recommendations to
improve institutional financial and personnel procedures, especially
regarding the protection of individuals alleging mismanagement, fraud,
or abuses: Provided further, That at least ten days prior to the
obligation of funds appropriated under this heading the Secretary of
Treasury shall report to the Committees on Appropriations of his intent
to obligate such funds]. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1999, as included in Public Law 105-
277, section 101(d).)
[[Page 988]]
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0073-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 1,035 800 803
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1,035 800 803
23.95 Total new obligations............. -1,035 -800 -803
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 1,035 800 803
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 2,755 2,761 2,621
73.10 Total new obligations............. 1,035 800 803
73.20 Total outlays (gross)............. -1,029 -940 -954
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 2,761 2,621 2,470
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 79 61 58
86.93 Outlays from current balances..... 950 879 896
--------- --------- ----------
87.00 Total outlays (gross)........... 1,029 940 954
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,035 800 803
90.00 Outlays........................... 1,029 940 954
---------------------------------------------------------------------------
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. IDA
resources are augmented by new donor contributions through periodic
``replenishments,'' the most recent of which was negotiated in 1998.
During its fiscal year 1998, IDA made new commitments of $7.5
billion, and IDA's gross disbursements were $5.5 billion. Since its
establishment, IDA has made commitments totalling $109.1 billion (as of
June 30, 1998).
The eleventh replenishment of IDA provided total resources for new
loan commitments of about $22 billion over the 1997-1999 period. The
United States pledged $1.6 billion for the last two years of the
replenishment. Under the twelfth replenishment (IDA-12), IDA will
provide total resources for prospective new loan commitments of about
$20 billion over the 2000-2002 period. The United States pledged
$2,410.29 million over three years (20.86 percent of total donor
contributions). The 2000 request is $803.43 million for the first United
States contribution to the twelfth replenishment and we will seek
congressional authorization to contribute $2.410 billion to IDA over
three years.
contribution to the international finance corporation
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0078-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 36
73.20 Total outlays (gross)............. -36
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 36
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 36
---------------------------------------------------------------------------
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.
The IFC provides technical assistance, and mobilizes loans and equity
investments for promising ventures. 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. The
IFC is also heavily engaged in building private markets in Africa and
assisting private sector restructuring and recovery in countries
affected by the Asian financial crisis. The U.S. completed its
contributions to the IFC in 1997.
During World Bank FY 1998 the Corporation approved 307 new
investments totalling $5.9 billion, and net investments for the IFC's
own account were $2.7 billion. IFC's committed loan and equity portfolio
(for its own account) was $11.4 billion as of June 30, 1998.
contribution to multilateral investment guarantee agency
For payment to the Multilateral Investment Guarantee Agency by the
Secretary of the Treasury, $10,000,000 for the United States paid-in
share of the increase in capital stock, to remain available until
expended.
limitation on callable capital subscriptions
The United States Governor of the Multilateral Investment Guarantee
Agency may subscribe without fiscal year limitation for the callable
capital portion of the United States share of such capital stock in an
amount not to exceed $50,000,000.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0084-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total new obligations (object
class 33.0)..................... 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 10
23.95 Total new obligations............. -10
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 10
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 22 22 22
73.10 Total new obligations............. 10
73.20 Total outlays (gross)............. -1
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 22 22 31
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 1
----------------------------------------------------------------------------
[[Page 989]]
Net budget authority and outlays:
89.00 Budget authority.................. 10
90.00 Outlays........................... 1
---------------------------------------------------------------------------
The Multilateral Investment Guarantee Agency (MIGA) is a member of
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.
Negotiations of MIGA's first General Capital Increase (GCI) were
completed in 1998. The United States committed to contribute a total of
$30 million in paid-in capital and $150 million in callable capital over
three years and we will seek Congressional authorization for $180
million to participate in the MIGA GCI.
During World Bank FY 1998, the MIGA issued 55 guarantees, with a
maximum contingent liability of $831 million. Total aggregate direct
investment facilitated is $25 billion. There are no claims pending
against MIGA.
The 2000 request includes budget authority of $10 million for paid-
in capital subscriptions and $50 million in program limitations for
callable capital subscriptions.
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, to remain
available until expended.
[Contribution to the Inter-American Development Bank Fund for Special
Operations]
[For payment to the Inter-American Bank by the Secretary of the
Treasury, for the United States share of the increase in resources for
the Fund for Special Operations, $21,152,000, to remain available until
expended for contributions previously due.]
contribution to the inter-american investment corporation
For payment to the Inter-American Investment Corporation, by the
Secretary of the Treasury, $25,000,000, for the United States share of
the increase in subscriptions to capital stock, 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, 1999, as included in Public Law 105-
277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0072-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Paid-in capital................... 25 26 26
00.02 Fund for special operations....... 21 21
00.03 International Investment Corp..... 25
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 46 47 51
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 3,798 3,798 3,798
22.00 New budget authority (gross)...... 46 47 51
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3,844 3,845 3,849
23.95 Total new obligations............. -46 -47 -51
24.40 Unobligated balance available, end
of year......................... 3,798 3,798 3,798
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 46 47 51
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 116 79 92
73.10 Total new obligations............. 46 47 51
73.20 Total outlays (gross)............. -83 -34 -40
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 79 92 103
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 6 6 10
86.93 Outlays from current balances..... 77 28 29
--------- --------- ----------
87.00 Total outlays (gross)........... 83 34 40
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 46 47 51
90.00 Outlays........................... 83 34 40
---------------------------------------------------------------------------
The Inter-American Development Bank (IDB) promotes sustainable
economic growth and development, poverty reduction, private sector
development, and good governance in Latin America and the Caribbean
through loans and technical assistance.
In 1997, the IDB made new lending commitments of $6.8 billion; gross
disbursements were $5.0 billion. Since its inception in 1960, the Bank
has lent over $90 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 2000 request includes budget authority of $25.6 million for
paid-in capital subscriptions and $1,503.7 million in program
limitations for callable capital subscriptions for the final payment on
the U.S. contribution to the IDB's eighth general capital increase. No
request is being made for the FSO in 2000. Multilateral agreement was
recently reached on the key elements of a U.S. proposal under which
concessional funding for the poorest countries will be derived primarily
from internal FSO resources.
The Inter-American Investment Corporation (IIC), established in
1984, is a member of the Inter-American Development Bank, whose purpose
is to promote development of private small and medium sized enterprises
(SMEs) in Latin America and the Caribbean. It is a legally autonomous
entity whose resources and management are separate from those of the
Inter-American Development Bank itself. Through direct loans and equity
investments in SMEs as well as through lending to private financial
intermediaries, the IIC helps SMEs in the region to access the capital
necessary to start-up, expand, or modernize their operations.
During 1998, the Corporation approved 28 projects totaling $223
million. Since its inception, the IIC has approved 202 transactions for
a total amount of $1 billion. Of these, 151 projects representing $735
million remain active.
The 2000 request includes budget authority of $25 million for paid-
in capital subscription for the first payment on the $120 million share
of the IIC's first general capital increase and we will seek
Congressional authorization to participate in this GCI. This figure
represents a best estimate of a future U.S. funding obligation resulting
from a capital increase negotiation expected to be concluded in the
coming months.
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] $13,728,263, 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] $672,745,205.
contribution to the asian development fund
For the United States contribution by the Secretary of the Treasury
to the [increases] increase in resources of the Asian Development
[[Page 990]]
Fund, as authorized by the Asian Development Bank Act, as amended
(Public Law 89-369), [$210,000,000] $177,017,050, to remain available
until expended[, of which $187,000,000 shall be available for
contributions previously due]. (Foreign Operations, Export Financing,
and Related Programs Appropriation Act, 1999, as included in Public Law
105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0076-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Paid-in capital................... 13 13 14
00.02 Asian development fund............ 150 210 177
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 163 223 191
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 748 748 748
22.00 New budget authority (gross)...... 163 223 191
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 911 971 939
23.95 Total new obligations............. -163 -223 -191
24.40 Unobligated balance available, end
of year......................... 748 748 748
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 163 223 191
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 673 641 664
73.10 Total new obligations............. 163 223 191
73.20 Total outlays (gross)............. -195 -200 -196
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 641 664 659
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 18 38 32
86.93 Outlays from current balances..... 177 162 163
--------- --------- ----------
87.00 Total outlays (gross)........... 195 200 196
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 163 223 191
90.00 Outlays........................... 195 200 196
---------------------------------------------------------------------------
The Asian Development Bank (ADB) fosters broad-based sustainable
economic development, poverty alleviation, and cooperation in the Asia/
Pacific region. The ADB has two main entities: (i) the ordinary capital
window which lends at market-based rates to the countries which are
better off and (ii) the Asian Development Fund (ADF) which lends at
concessional rates to the region's poorest nations.
ADF resources are contributed by donors in periodic
``replenishments.'' In the most recent replenishment, ADF-7, the United
States successfully negotiated a 41 percent reduction in the total U.S.
contributions.
In 1998, the Bank lent $4.9 billion of its ordinary capital
resources and extended loans and grants of $1.0 billion from ADF
resources for development projects. Since its founding in 1966, the ADB
has committed over $46.3 billion, and the ADF has committed $21 billion.
In addition the ADB has made cumulative private sector loans and equity
investments of over $2 billion.
The 2000 request includes: (1) budget authority of $13.7 million for
paid-in capital subscriptions and $672.7 million in program limitations
for callable capital subscriptions for the fifth and final installment
of the U.S. subscription to the ADB's fourth general capital increase;
and, (2) $177 million in budget authority which includes $100 million
for our third scheduled payment to ADF-7 and $77 million for payments
previously due.
contribution to the african development bank
For payment to the African Development Bank by the Secretary of the
Treasury, $5,100,000, for the United States paid-in share of the
increase in capital stock, to remain available until expended.
limitation on callable capital subscriptions
The United States Governor of the African Development Bank may
subscribe without fiscal year limitation for the callable capital
portion of the United States share of such capital stock in an amount
not to exceed $80,000,000.
contribution to the african development fund
For the United States contribution by the Secretary of the Treasury
to the increase in resources of the African Development Fund,
[$128,000,000] $127,000,000, to remain available until expended[, of
which $88,300,000 shall be available for contributions previously due].
(Foreign Operations, Export Financing, and Related Program
Appropriations Act, 1999).
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0079-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Fund.............................. 45 128 127
00.02 Ordinary Capital.................. 5
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 45 128 132
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 45 128 132
23.95 Total new obligations............. -45 -128 -132
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 45 128 132
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 335 287 319
73.10 Total new obligations............. 45 128 132
73.20 Total outlays (gross)............. -93 -96 -99
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 287 319 352
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 3 4
86.93 Outlays from current balances..... 93 93 96
--------- --------- ----------
87.00 Total outlays (gross)........... 93 96 99
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 45 128 132
90.00 Outlays........................... 93 96 99
---------------------------------------------------------------------------
The African Development Bank group is composed of two main entities
(i) The African Development Bank (AFDB), which lends at market-based
rates and (ii) the African Development Fund (AFDF), which lends at
concessional rates. The United States joined the AFDB in 1983 when
membership was opened to non-regional countries. In 1998, the AFDB
financed 12 new projects amounting to about $918 million. Since its
inception in 1963, the AFDB has financed 754 projects amounting to over
$21.6 billion.
The African Development Fund (AFDF), the concessional lending
affiliate of the African Development Bank, makes loans to the poorest
African nations. In 1998, the AFDF loaned around $792 million for 81
projects. Since its inception in 1974, cumulative AFDF lending totals
over $12.2 billion for 1,352 development projects.
The 2000 request for the African Development Bank Group includes
$132.1 million in budget authority and $80 million in program
limitations for callable capital subscriptions. The budget authority
request is composed of $5.1 million in paid-in capital for the first
installment on the U.S. share of the AFDF's fifth capital increase; $27
million for payments overdue accrued last year towards AFDF-7, and $100
million for the first installment on the U.S. share of AFDF-8. The
request for $100 million represents a best estimate of the
[[Page 991]]
FY 2000 payment arising from a new, $300 million, three-year U.S.
commitment for the African Development Fund, negotiation of which is
expected to be concluded in the coming months. We will seek
Congressional authorization for $300 million to AFDF over three years,
and for $680.8 million to participate in the capital increase for the
AFDB.
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, $35,778,717, for the United States
share of the paid-in portion of the 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 $123,237,803. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1999, as
included in Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0088-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 36 36 36
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 36 36 36
23.95 Total new obligations............. -36 -36 -36
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 36 36 36
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 16 19 30
73.10 Total new obligations............. 36 36 36
73.20 Total outlays (gross)............. -32 -25 -27
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 19 30 39
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 19 19 19
86.93 Outlays from current balances..... 13 6 8
--------- --------- ----------
87.00 Total outlays (gross)........... 32 25 27
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 36 36 36
90.00 Outlays........................... 32 25 27
---------------------------------------------------------------------------
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 three-
quarters of projects approved in 1997 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.
In April 1996, shareholders approved a doubling of EBRD's capital
base from ECU 10 billion to ECU 20 billion (approximately $24 billion).
The capital increase went into effect in April 1997, with the U.S.
subscribing to its shares on December 19, 1997. Under the capital
increase, paid-in contributions constitute 22.5 percent of total
capital, with the remainder callable. The annual payment for the U.S.'s
ten percent share dropped from $70 million under the initial
subscription to $35.8 million under the capital increase. At the end of
1997, the EBRD had approved almost 600 loans and investments totalling
over $16 billion.
The 2000 request consists of $35.8 million in budget authority for
paid-in capital subscriptions and $123.2 million in program limitations
for callable capital subscriptions for the third of eight installments
on the U.S. subscription to the general capital increase.
North American Development Bank
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1008-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 57
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 57
23.95 Total new obligations............. -57
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 57
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 51 40
73.10 Total new obligations............. 57
73.20 Total outlays (gross)............. -6 -11 -11
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 51 40 29
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 6
86.93 Outlays from current balances..... 11 11
--------- --------- ----------
87.00 Total outlays (gross)........... 6 11 11
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 57
90.00 Outlays........................... 6 11 11
---------------------------------------------------------------------------
The North American Development Bank (NADBank) provides $2-3 billion
in financing for high priority environmental infrastructure projects in
the border region and, more broadly within the United States for NAFTA-
related community adjustment and investment. 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) were contributed equally by the United States and Mexico over a
four-year period. The final U.S. installment was appropriated in 1998.
The NADBank finances 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. The NADBank has approved a total of
$105 million in loans, guarantees and grants to help finance 14
environmental projects, representing a total investment of $408 million
and benefitting over four million residents on both sides of the border.
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. In 2000, the
Administration proposes that $17 million be appropriated for the
Community Adjustment and Investment Program (CAIP). This appropriation
is sought in the Treasury chapter as a domestic assistance program. The
Secretary of Treasury would have the authority
[[Page 992]]
to transfer CAIP funds to the NADBank or other Federal agencies to
assist in carrying out the program. The CAIP offers financing directly
and through existing federal credit programs, such as those run by the
Small Business Administration, to both new and existing businesses
within communities that suffered job losses as a result of changing
trade patterns with Canada and Mexico. The program launched its lending
operations during 1997. 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.
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, [$50,000,000] $28,500,000, to remain available
until expended [for contributions previously due]. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1999, as
included in Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0089-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 30 50 28
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 30 50 28
23.95 Total new obligations............. -30 -50 -28
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 30 50 28
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 268 275 290
73.10 Total new obligations............. 30 50 28
73.20 Total outlays (gross)............. -23 -35 -43
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 275 290 275
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 1 1 1
86.93 Outlays from current balances..... 22 34 42
--------- --------- ----------
87.00 Total outlays (gross)........... 23 35 43
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 30 50 28
90.00 Outlays........................... 23 35 43
---------------------------------------------------------------------------
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 within and into Latin America and the Caribbean. The MIF,
administered by the Inter-American Development Bank, is a multilateral
fund which provides grants and loans to support private-sector
development and finance and labor sector reforms. Special consideration
is given to reforms that encourage private foreign direct investment and
promote privatization. Grants and loans are used for technical
assistance to identify and resolve investment constraints, for
investment in human capital, and for business infrastructure and
development.
The U.S. made a commitment to the MIF in 1992 amounting to $500
million, of which we have paid $401.25 million. The 2000 request for the
MIF is $28.5 million for partial payment of outstanding U.S. commitments
to the U.S. share of MIF resources.
International Affairs Technical Assistance
For necessary expenses to carry out Department of the Treasury
international affairs technical assistance activities, [$1,500,000]
$7,000,000, to remain available until expended, which shall be
available, pursuant to section 589 of this Act, for economic technical
assistance and for related programs. In addition, for the operation and
expenses of the International Financial Institution Advisory Commission
and the International Monetary Fund Advisory Committee, as provided by
the Omnibus Consolidated and Emergency Supplemental Appropriations Act,
1999 (P.L. 105-277), $1,500,000, to remain available until expended.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1045-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 New Obligations................... 2 9
--------- --------- ----------
10.00 Total new obligations........... 2 9
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2 9
23.95 Total new obligations............. -2 -9
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 2 9
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 2
73.10 Total new obligations............. 2 9
73.20 Total outlays (gross)............. -2
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 2 9
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 1
86.93 Outlays from current balances..... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2 9
90.00 Outlays........................... 2
---------------------------------------------------------------------------
This account will provide technical assistance to other countries in
support of the responsibilities of the U.S. Treasury Department to
formulate, conduct and coordinate the international financial policies
of the United States. In addition to overseeing U.S. interests in the
work of international financial institutions, including the
International Monetary Fund, the World Bank and the various regional
development banks, the Treasury Department frequently has the lead
responsibility for implementing fiscal and financial policy aspects of
U.S. foreign policy toward individual countries. Technical assistance
provided through this account will facilitate key short- and medium-term
reforms in the policy and management areas of budget, tax, government
debt, financial institutions and financial crimes enforcement.
Using funding provided under the SEED and FREEDOM Support Acts, U.S.
Treasury Department advisors have provided policy and management advice
in the areas described above to countries in Eastern Europe and the
former Soviet Union in their transition to market economies and
democratic fiscal structures. Beginning in 1997, advisors have also
provided assistance, using funding from USAID Development Assistance and
the Economic Support Fund, to the governments of South Africa and Haiti.
The flexibility provided by direct funding will permit the Department to
be responsive when governments make decisions to implement key fiscal
and financial reforms, and allow it to act quickly to help select
governments strengthen governmental fiscal and financial institutions
during crucial transition periods toward market-oriented economies.
[[Page 993]]
The proposed $7 million appropriation will fully fund approximately
13 resident advisors, including program related administrative costs and
intermittent expert visits in support of the advisors. This
appropriation will permit expansion of the program to countries outside
Central and Eastern Europe and the Former Soviet Union, including
implementation of programs in Asia, Africa, and Central and Latin
America. The Treasury Department will closely coordinate with
international financial institutions and with USAID, the Department of
State and other relevant U.S. Government agencies when determining where
its technical assistance program can have the greatest positive impact.
This account will also provide $1,500,000 for the operation and
expenses of the International Financial Institution Advisory Commission
and the International Monetary Fund Advisory Committee. Section 603 of
the Omnibus Consolidated and Emergency Supplemental Appropriations Act,
1999 (P.L. 105-227) (``the Act'') requires the Secretary of the Treasury
to establish an International Financial Institution Advisory Commission
to advise and report to the Congress on the future role and
responsibilities of the international financial institutions (as defined
in section 1701(c)(2) of the International Financial Institutions Act),
the World Trade Organization, and the Bank for International
Settlements. The Act also states that the Secretary of the Treasury
should establish an International Monetary Fund Advisory Committee.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1045-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 1
21.0 Travel and transportation of
persons......................... 1
25.1 Advisory and assistance services.. 2 7
--------- --------- ----------
99.9 Total new obligations........... 2 9
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 11-1045-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 13
---------------------------------------------------------------------------
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, [$187,000,000:
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 may be made available for the United Nations Population
Fund (UNFPA): Provided further, That not less than $5,000,000 should be
made available to the World Food Program: Provided further, That none of
the funds made available under this heading, may be provided to the
Climate Stabilization Fund until fifteen days after the Department of
State provides a report to the Committees on Foreign Relations and
Appropriations in the Senate and the Committees on International
Relations and Appropriations in the House of Representatives detailing
the number of Fund employees and associated salaries and the fiscal year
1998 and 1999 Fund activities, programs or projects and associated
costs: 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)]
$293,000,000. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1999, as included in Public Law 105-277,
section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1005-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
01.01 UNICEF............................ 100 105 101
01.02 UN development program............ 95 100 80
01.03 UN population fund................ 20 25
01.08 Various other organizations....... 88 87 87
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 303 292 293
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 303 292 293
23.95 Total new obligations............. -303 -292 -293
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 192 187 293
42.00 Transferred from other accounts... 111 105
--------- --------- ----------
43.00 Appropriation (total)........... 303 292 293
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 56 59 58
73.10 Total new obligations............. 303 292 293
73.20 Total outlays (gross)............. -300 -293 -293
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 59 58 58
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 277 263 267
86.93 Outlays from current balances..... 23 30 26
--------- --------- ----------
87.00 Total outlays (gross)........... 300 293 293
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 303 292 293
90.00 Outlays........................... 300 293 293
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1005-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 32 30 28
1251 Repayments: Repayments and
prepayments..................... -2 -2 -2
--------- --------- ----------
1290 Outstanding, end of year........ 30 28 26
---------------------------------------------------------------------------
In addition to its assessed payments, the United States contributes
to voluntary funds of many international organizations and programs
involved in a wide range of sustainable development, humanitarian, and
scientific activities. Any funds made available for United Nations
Population Fund 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; of modifying concessional credit agreements with least
developed countries, as authorized under section 411 of the Agricultural
Trade Development and Assistance Act of 1954, as amended,
notwithstanding any limitation in subsection (e) of that section; and
concessional loans, guarantees and credit agreements with any country in
sub-Saharan Africa, as authorized under section 572 of the Foreign
Operations, Export Financing, and Related Programs Appropriations Act,
1989 (Public Law 100-461); [and of modifying any obligation, or portion
of such obligation for Latin American countries to pay for purchases of
United States agricultural commodities guaranteed by the Commodity
Credit Corporation under export credit guarantee programs authorized
pursuant to section 5(f ) of the Commodity Credit Corporation Charter
Act of June 29, 1948, as amended, section 4(b) of the Food for Peace
[[Page 994]]
Act of 1966, as amended (Public Law 89-808), or section 202 of the
Agricultural Trade Act of 1978, as amended (Public Law 95-501),
$33,000,000] $70,000,000, to remain available until expended, of which
up to $50,000,000 may be used to implement sections 806 and 807 of the
Foreign Assistance Act of 1961; and of which up to $1,000,000 may be
used for implementation and improvement in the foreign credit reporting
system of the United States Government: Provided, That [not to exceed
$2,900,000 of such funds may be used for implementation of improvements
in the foreign credit reporting system of the United States Government:
Provided further, That] the authority provided by section 572 of Public
Law 100-461 may be exercised only with respect to countries 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: Provided further, That
the authorities and appropriation under this heading shall also satisfy
the requirement of section 808(a)(3) of part V of the Foreign Assistance
Act, as amended, for the purpose of debt buybacks and swaps which incur
no costs (as defined under section 502(5) of the Federal Credit Reform
Act of 1990) in fiscal year [1999] 2000: (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1999, as included in
Public Law 105-277, section 101(d).)
General Fund Credit Receipt Accounts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0091-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
0101 Debt restructuring, downward
reestimates of subsidies........ 14
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0091-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
01.01 Paris club debt reduction......... 9 61 3
01.03 Africa concessional debt
initiative...................... 21 17
01.04 Tropical Forest Debt Initiative... 50
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 9 82 70
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 31 49
22.00 New budget authority (gross)...... 27 33 70
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 58 82 70
23.95 Total new obligations............. -9 -82 -70
24.40 Unobligated balance available, end
of year......................... 49
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 27 33 70
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 45
73.10 Total new obligations............. 9 82 70
73.20 Total outlays (gross)............. -9 -37 -49
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 45 66
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 5 18 35
86.93 Outlays from current balances..... 4 19 13
--------- --------- ----------
87.00 Total outlays (gross)........... 9 37 49
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 27 33 70
90.00 Outlays........................... 9 37 49
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
1998 actual 1999 est. 2000 est.
Enacted/requested:
Budget Authority.................. 27 33 70
Outlays........................... 9 37 48
Legislative proposal, not subject to
PAYGO:
Budget Authority.................. 50
Outlays........................... 50
------------------------------------
Total:
Budget Authority.................. 27 33 120
Outlays........................... 9 37 98
====================================
Paris Club Debt Reduction. For the poorest countries, debt reduction
provides an incentive to implement macroeconomic and structural reforms
necessary to improve economic performance and creditworthiness. The
combination of economic reform and debt reduction contributes to growth
and sustained development, which can mean greater opportunities for U.S.
commercial interests in these countries. For the poorest and most
heavily indebted countries, debt reduction will be undertaken in concert
with the Paris Club of creditor countries, including extraordinary debt
reduction under the Heavily Indebted Poor Countries (HIPC) debt
initiative. The Administration anticipates that $3 million in
appropriations will fund debt reduction under Naples and HIPC terms for
qualifying countries. This request, combined with funds previously
appropriated, will allow the U.S. in FY 2000 to provide approximately
$50 million in face value debt reduction for the poorest countries,
potentially including Cameroon, Guinea, Madagascar, Niger, and Zambia.
Concessional Debt Reduction for Africa. The President announced the
``Partnership for Growth and Opportunity in Africa'' on June 17, 1997.
The Africa Initiative will target countries undertaking the boldest
economic reforms to receive the maximum benefits from the program. Such
reforms will encompass governance issues, macroeconomic policy, trade
and investment policy, and investment in people. The best way the United
States can support Africa is by making trade and investment--not just
aid--the centerpiece of our economic relations. To support African
economic reform efforts, the Administration, at the discretion of the
President, will offer to provide 100% debt reduction of concessional
debt owed to the United States. This 100% debt reduction program will
complement Administration efforts to maximize debt relief for the most
heavily indebted poor countries under the HIPC debt initiative. The
Administration anticipates that $17 million in appropriations will fund
100% debt reduction for approximately $115 million in the face value of
concessional debts for qualifying African countries.
Funds allocated within the debt restructuring account may be shifted
between the Africa Initiative and Paris Club to allow sufficient
flexibility in effecting international commitments. The resulting cash
flows from debt reduction are recorded in the debt reduction financing
and liquidating accounts for the Export-Import Bank, foreign military
loans, the Department of Agriculture's G.S.M. (Honduras only) and P.L.
480 programs, and the Agency for International Development.
Debt Buyback/Swap Program. For Latin America and the Caribbean, the
Administration proposes that debt reduction be effected at zero cost
through buybacks and swaps of eligible concessional 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 concessional debt and the
approval of the Appropriations Committee for this program.
Tropical Forest Debt Relief. This authorizing legislation received
strong bipartisan support and was signed into law by the President in
July 1998. Modeled after the very successful Enterprise for the Americas
Initiative (EAI), P.L. 105-214 will allow the Administration will be
able to treat outstanding concessional USAID and PL-480 debt stocks to
support conservation of the endangered tropical forests and promote
economic reforms in eligible countries. Debt relief or buybacks in
eligible countries will leverage payment of local currency resources
into funds to support programs to conserve their tropical forests.
[[Page 995]]
Debt Restructuring
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0091-2-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
01.05 HIPC Trust Fund................... 50
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 50
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 50
23.95 Total new obligations............. -50
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 50
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total 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
---------------------------------------------------------------------------
The Department of Treasury will seek authorization to make U.S.
contributions to the World Bank's Heavily Indebted Poor Countries (HIPC)
Trust Fund. The HIPC Trust Fund was created to help defray the cost of
debt forgiveness under the HIPC Initiative. HIPC is a program that
provides comprehensive debt relief to severely indebted poor countries
by bilateral, and for the first time, multilateral creditors.
Multilateral institutions lack sufficient resources to fund their debt
relief commitments under HIPC. While many countries have made
contributions to the trust fund, the HIPC Trust Fund remains seriously
under funded. The Administration expects that a U.S. contribution would
leverage contributions from other countries. Treasury will require
authorization in its debt restructuring appropriation statute to
contribute to the HIPC Trust Fund.
AGENCY FOR INTERNATIONAL DEVELOPMENT
Federal Funds
General and special funds:
Sustainable Development Assistance
(including transfer of funds)
For necessary expenses to carry out the provisions of sections 103
through 106, [and] but excluding 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,
$1,225,000,000,] $780,440,000, to remain available until September 30,
[2000] 2001: 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
$11,000,000 may be made available for the African Development Foundation
and shall be apportioned directly to that agency: 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, and that any such
voluntary family planning project shall meet the following requirements:
(1) service providers or referral agents in the project shall not
implement or be subject to quotas, or other numerical targets, of total
number of births, number of family planning acceptors, or acceptors of a
particular method of family planning (this provision shall not be
construed to include the use of quantitative estimates or indicators for
budgeting and planning purposes), (2) the project shall not include
payment of incentives, bribes, gratuities, or financial reward to (A) an
individual in exchange for becoming a family planning acceptor, or (B)
program personnel for achieving a numerical target or quota of total
number of births, number of family planning acceptors, or acceptors of a
particular method of family planning, (3) the project shall not deny any
right or benefit, including the right of access to participate in any
program of general welfare or the right of access to health care, as a
consequence of any individual's decision not to accept family planning
services, (4) the project shall provide family planning acceptors
comprehensible information on the health benefits and risks of the
method chosen, including those conditions that might render the use of
the method inadvisable and those adverse side effects known to be
consequent to the use of the method, (5) the project shall ensure that
experimental contraceptive drugs and devices and medical procedures are
provided only in the context of a scientific study in which participants
are advised of potential risks and benefits; and, not less than 60 days
after the date on which the Administrator of the United States Agency
for International Development determines that there has been a violation
of the requirements contained in paragraph (1), (2), (3), or (5) of this
proviso, or a pattern or practice of violations of the requirements
contained in paragraph (4) of this proviso, the Administrator shall
submit to the Committee on International Relations and the Committee on
Appropriations of the House of Representatives and to the Committee on
Foreign Relations and the Committee on Appropriations of the Senate, a
report containing a description of such violation and the corrective
action taken by the Agency: Provided further, That in awarding grants
for natural family planning under section 104 of the Foreign Assistance
Act of 1961 no applicant shall be discriminated against because of such
applicant's religious or conscientious commitment to offer only natural
family planning; and, additionally, all such applicants shall comply
with the requirements of the previous proviso: Provided further, That
for purposes of this or any other Act authorizing or appropriating funds
for foreign operations, export financing, and related programs, the term
``motivate'', as it relates to family planning assistance, shall not be
construed to prohibit the provision, consistent with local law, of
information or counseling about all pregnancy options: Provided further,
That nothing in this paragraph shall be construed to alter any existing
statutory prohibitions against abortion under section 104 of the Foreign
Assistance Act of 1961: Provided further, That, notwithstanding section
109 of the Foreign Assistance Act of 1961, of the funds appropriated
under this heading in this Act, and of the unobligated balances of funds
previously appropriated under this heading, not to exceed $2,500,000 may
be transferred to ``International Organizations and Programs'' for a
contribution to the International Fund for Agricultural Development
(IFAD): Provided further, That none of the funds appropriated under this
heading may be made available for any activity which is in contravention
to the Convention on International Trade in Endangered Species of Flora
and Fauna (CITES): [Provided further, That none of the funds
appropriated under this heading may be made available for assistance for
the central Government of the Republic of South Africa, until the
Secretary of State reports in writing to the appropriate committees of
the Congress on the steps being taken by the United States Government to
work with the Government of the Republic of South Africa to negotiate
the repeal, suspension, or termination of section 15(c) of South
Africa's Medicines and Related Substances Control Amendment Act No. 90
of 1997:] 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
of the funds appropriated under this heading, not less than $1,500,000
should be made available for agriculture programs in Laos: Provided
further, That of the funds appropriated under this heading not less than
$500,000 should be made available
[[Page 996]]
for support of the United States Telecommunications Training Institute:
Provided further, That, of the funds made available by this Act for the
``Microenterprise Initiative'' (including any local currencies made
available for the purposes of the Initiative), not less than 50 percent
of the funds used for microcredit should be made available for support
of programs providing loans of less than $300 to very poor people,
particularly women, or for institutional support of organizations
primarily engaged in making such loans].
[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 under the headings ``Economic Support
Fund'' and ``Development Assistance'', not less than $6,500,000 shall be
made available to support democracy activities in Burma, democracy and
humanitarian activities along the Burma-Thailand border, and for Burmese
student groups and other organizations located outside Burma: Provided,
That funds made available for Burma-related activities under this
heading may be made available notwithstanding any other provision of
law: Provided further, That the provision of such funds shall be made
available subject to the regular notification procedures of the
Committees on Appropriations.]
[cambodia]
[None of the funds appropriated by this Act may be made available
for activities or programs for Cambodia until the Secretary of State
determines and reports to the Committees on Appropriations that the
Government of Cambodia has: (1) thoroughly and credibly resolved all
election-related disputes and complaints filed by all political parties
to the National Election Commission and the Constitutional Council; (2)
discontinued all political violence and intimidation of journalists and
members of opposition parties; and (3) been formed through credible,
democratic elections: Provided, That the restrictions under this heading
shall not apply to demining or activities administered by
nongovernmental organizations: Provided further, That such funds shall
be subject to the regular notification procedures of the Committees on
Appropriations.]
[indonesia]
[Of the funds appropriated under the headings ``Economic Support
Fund'' and ``Development Assistance'', not less than $75,000,000 shall
be made available for assistance for Indonesia: Provided, That of this
amount, not less than $15,000,000 should be made available for
activities administered by the Office of Transition Initiatives:
Provided further, That of the amount made available under this heading
up to $25,000,000 may be derived from funds that are available for
obligation pursuant to section 511 of this Act or any comparable
provision of law.]
[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 percent of its
total annual funding for international activities from sources other
than the United States Government: Provided, That the Administrator of
the Agency for International Development may, on a case-by-case basis,
waive the restriction contained in this paragraph, after taking into
account the effectiveness of the overseas development activities of the
organization, its level of volunteer support, its financial viability
and stability, and the degree of its dependence for its financial
support on the agency: Provided further, That section 123(g) of the
Foreign Assistance Act of 1961 and the paragraph entitled ``Private and
Voluntary Organizations'' in title II of the Foreign Assistance and
Related Programs Appropriations Act, 1985 (as enacted in Public Law 98-
473) are hereby repealed.]
[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 at least 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, 1999, as included in Public Law 105-
277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1021-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Functional development assistance. 1,341 1,313 765
--------- --------- ----------
10.00 Total new obligations........... 1,341 1,313 765
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 271 127
22.00 New budget authority (gross)...... 1,175 1,186 765
22.10 Resources available from
recoveries of prior year
obligations..................... 24
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,470 1,313 765
23.95 Total new obligations............. -1,341 -1,313 -765
24.40 Unobligated balance available, end
of year......................... 127
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 1,210 1,225 780
41.00 Transferred to other accounts... -38 -39 -15
42.00 Transferred from other accounts. 1
--------- --------- ----------
43.00 Appropriation (total)......... 1,173 1,186 765
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,175 1,186 765
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 1,610 1,570 1,802
73.10 Total new obligations............. 1,341 1,313 765
73.20 Total outlays (gross)............. -1,354 -1,081 -1,109
73.40 Adjustments in expired accounts... -2
73.45 Adjustments in unexpired accounts. -24
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 1,570 1,802 1,458
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 83 84 54
86.93 Outlays from current balances..... 1,269 997 1,055
86.97 Outlays from new permanent
authority....................... 2
--------- --------- ----------
87.00 Total outlays (gross)........... 1,354 1,081 1,109
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,173 1,186 765
90.00 Outlays........................... 1,354 1,081 1,109
---------------------------------------------------------------------------
Sustainable Development Assistance Program.--The Sustainable
Development Assistance account funds sustainable development assistance
activities that are not related to funds requested under the separate
Development Fund for Africa account or to child survival, disease
prevention and basic education. While these latter activities are funded
in the Child Survival and Disease Programs account, the Sustainable
Development Assistance account funds programs in the areas of economic
growth, democracy, family planning, human capacity development and
global environment.
However, activities funded through these three accounts are key
components of AID's principle mission of supporting the people of
developing and transitional countries in their efforts to achieve
sustainable economic and social progress. These activities support five
key USAID strategic goals:
[[Page 997]]
(1) Encouraging broad-based economic growth and agricultural
development, with the objectives of expanding and strengthening critical
private markets, achieving more rapid and enhanced agricultural
development and food security, and, expanding access to economic
opportunity for the rural and urban poor.
(2) Strengthening democracy and good governance, with the objectives
of strengthening the rule of law and respect for human rights of both
men and women, encouraging credible and competitive political processes,
promoting the development of a politically active civil society, and
encouraging more transparent and accountable government institutions.
(3) Building human capacity through education and training, with the
objectives of expanding access to quality basic education, especially
for girls and women, and, increasing the contributions of institutions
of higher education to sustainable development.
(4) Stabilizing the world population and protecting human health,
with the objectives of reducing unintended pregnancies, improving infant
and child health and nutrition and reducing infant and child mortality,
reducing deaths, nutrition insecurity and adverse health outcomes to
women as a result of pregnancy and child birth, reducing HIV
transmission and the impact of the HIV/AIDS pandemic in developing
countries, and, reducing the threat of infectious diseases of major
public health importance.
(5) Protecting the world's environment, with the objectives of
preparing national environmental management strategies, improving
conservation of biologically significant habitats, reducing the rate of
growth of net emissions of greenhouse gases, increasing the access of
urban populations to adequate environmental services, conserving energy
through increased efficiency and reliance on renewable sources, and
reducing the loss of forest area.
Development Assistance Programs
(Funded through Sustainable Development Assistance, Development Fund
for Africa and Child Survival and Disease Program accounts)
Regional Allocations:
Africa........................................... $745,003,000
Asia/Near East................................... $323,311,000
Latin America/Caribbean.......................... $309,278,000
Global........................................... $389,717,000
Other............................................ $80,691,000
--------------------
Total.......................................... 1,848,000,000
Strategic Goal Allocations:
Economic Growth.................................. $480,000,000
Human Capacity Development....................... $128,000,000
Population, Health, & Nutrition.................. $800,000,000
Environment...................................... $290,000,000
Democracy........................................ $150,000,000
--------------------
Total.......................................... 1,848,000,000
The above figures include the amounts for which permissive transfers
for the Development Credit Authority and the International Fund for
Agricultural Development were requested.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1021-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
11.5 Personnel compensation: Other
personnel compensation........ 1
22.0 Transportation of things........ 8 7 7
25.1 Advisory and assistance services 28 25 15
25.2 Other services.................. 86 85 50
26.0 Supplies and materials.......... 4
41.0 Grants, subsidies, and
contributions................. 1,212 1,196 693
--------- --------- ----------
99.0 Subtotal, direct obligations.. 1,339 1,313 765
41.0 Allocation Account: Grants,
subsidies, and contributions.... 2
--------- --------- ----------
99.9 Total new obligations........... 1,341 1,313 765
---------------------------------------------------------------------------
Child Survival and Disease Programs Fund
For necessary expenses to carry out the provisions of [chapters 1
and 10 of part I] 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, [$650,000,000]
$555,000,000, 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; and (7) [up to $98,000,000 for] basic
education programs for children: Provided further, That none of the
funds appropriated under this heading may be made available for
nonproject assistance for health and child survival programs, except
that funds may be made available for such assistance for ongoing health
programs. (Foreign Operations, Export Financing, and Related Programs
Appropriations Act, 1999, as included in Public Law 105-277, section
101(d).)
[Notwithstanding section 10 of Public Law 91-672, for an additional
amount for ``Child Survival and Disease Programs Fund'', $50,000,000, to
remain available until expended: Provided, That the entire amount shall
be available only to the extent that an official budget request for a
specific dollar amount that includes designation of the entire amount of
the request as an emergency requirement as defined in the Balanced
Budget and Emergency Deficit Control Act of 1985, as amended, is
transmitted by the President to the Congress: Provided further, That the
entire amount is designated by the Congress as an emergency requirement
pursuant to section 251(b)(2)(A) of the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended.] (Omnibus Consolidated and
Emergency Supplemental Appropriations Act, 1999, Public Law 105-277,
Division B, Title IV, chapter 3.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1095-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 528 653 555
--------- --------- ----------
10.00 Total new obligations........... 528 653 555
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 37 58
22.00 New budget authority (gross)...... 550 595 555
22.10 Resources available from
recoveries of prior year
obligations..................... -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 586 653 555
23.95 Total new obligations............. -528 -653 -555
24.40 Unobligated balance available, end
of year......................... 58
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 650 700 555
41.00 Transferred to other accounts..... -100 -105
--------- --------- ----------
43.00 Appropriation (total)........... 550 595 555
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 458 835 1,055
73.10 Total new obligations............. 528 653 555
73.20 Total outlays (gross)............. -152 -433 -501
73.45 Adjustments in unexpired accounts. 1
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 835 1,055 1,109
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 39 42 39
86.93 Outlays from current balances..... 113 391 462
--------- --------- ----------
87.00 Total outlays (gross)........... 152 433 501
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 550 595 555
90.00 Outlays........................... 152 433 501
---------------------------------------------------------------------------
[[Page 998]]
This program provides economic resources to developing countries
including those in Sub-Saharan Africa to support programs to: (1)
improve infant and child health nutrition with the aim of reducing
infant and child mortality rates; (2) reduce HIV transmission and the
impact of the HIV/AIDS pandemic in developing countries; (3) reduce the
threat of infectious diseases of major public health importance such as
polio and malaria; and (4), expand access to quality basic education,
especially for girls and women.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1095-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
21.0 Travel and transportation of
persons......................... 2 3 2
25.2 Other services.................... 26 38 25
41.0 Grants, subsidies, and
contributions................... 500 612 528
--------- --------- ----------
99.9 Total new obligations........... 528 653 555
---------------------------------------------------------------------------
Development Fund for Africa
For necessary expenses to carry out the provisions of chapter 10 of
part I of the Foreign Assistance Act of 1961, in addition to amounts
otherwise available for such purposes, $512,560,000, to remain available
until expended.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1014-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 42 58 513
--------- --------- ----------
10.00 Total new obligations........... 42 58 513
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 51 58
22.00 New budget authority (gross)...... 513
22.10 Resources available from
recoveries of prior year
obligations..................... 48
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 99 58 513
23.95 Total new obligations............. -42 -58 -513
24.40 Unobligated balance available, end
of year......................... 58
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 513
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 770 511 373
73.10 Total new obligations............. 42 58 513
73.20 Total outlays (gross)............. -253 -196 -156
73.45 Adjustments in unexpired accounts. -48
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 511 373 730
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 36
86.93 Outlays from current balances..... 253 196 120
--------- --------- ----------
87.00 Total outlays (gross)........... 253 196 156
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 513
90.00 Outlays........................... 253 196 156
---------------------------------------------------------------------------
For 2000, the Administration is requesting reinstatement of a
separate appropriation for this account to highlight the United States'
commitment to tackling Africa's complex development challenges. The
fund, while modest in scope, will provide resources for improving
millions of lives in sub-Saharan Africa and will enable the United
States to meet the challenges and opportunities for sustainable
development in that region. As with the Sustainable Development
Assistance account, the Development Fund for Africa will program
resources in five USAID strategic goal areas: promoting broad-based and
sustainable economic growth and agricultural development, strengthening
democracy and good governance, building human capacity through education
and training, stabilizing the world population and protecting human
health, and protecting the world's environment. Funding in this region
for child survival, infectious diseases and basic education will be
funded out of the Child Survival and Diseases Program Fund
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1014-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
25.2 Other services.................. 3 4 45
41.0 Grants, subsidies, and
contributions................. 36 54 468
--------- --------- ----------
99.0 Subtotal, direct obligations.. 39 58 513
41.0 Allocation Account: Grants,
subsidies, and contributions.... 3
--------- --------- ----------
99.9 Total new obligations........... 42 58 513
---------------------------------------------------------------------------
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, [$430,000,000] $393,000,000, to remain
available until September 30, [2000] 2001, 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 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.
[(c) 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.]
[(d) With regard to funds appropriated 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 533 of this Act shall apply.]
[(e) The President is authorized to withhold funds appropriated
under this heading made available for economic revitalization programs
in Bosnia and Herzegovina, if he determines and certifies to the
Committees on Appropriations that the Federation of Bosnia and
Herzegovina has not 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 not been terminated.]
[(f) Not to exceed $200,000,000 of the funds appropriated under this
heading may be made available for Bosnia and Herzegovina.]
[(g)] (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 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. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)
[[Page 999]]
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1010-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total new obligations............. 459 564 393
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 168 134
22.00 New budget authority (gross)...... 408 430 393
22.10 Resources available from
recoveries of prior year
obligations..................... 19
22.21 Unobligated balance transferred to
other accounts.................. -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 592 564 393
23.95 Total new obligations............. -459 -564 -393
24.40 Unobligated balance available, end
of year......................... 134
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 485 430 393
41.00 Transferred to other accounts..... -77
--------- --------- ----------
43.00 Appropriation (total)........... 408 430 393
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 655 625 739
73.10 Total new obligations............. 459 564 393
73.20 Total outlays (gross)............. -470 -450 -411
73.45 Adjustments in unexpired accounts. -19
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 625 739 721
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 121 117 67
86.93 Outlays from current balances..... 349 333 344
--------- --------- ----------
87.00 Total outlays (gross)........... 470 450 411
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 408 430 393
90.00 Outlays........................... 470 450 411
---------------------------------------------------------------------------
This account provides funds to promote country-specific strategies
that build on common, region-wide strategic goals, including economic
restructuring, democratic transition, and social stabilization.
Authorized Support for Eastern European Democracy (SEED) programs
concentrate on: (a) the development of market economies and a strong
private sector; (b) the development and strengthening of institutions
necessary for sustainable democracy; and, (c) the improvement of the
basic quality of life in selected areas. This interagency program is
coordinated out of the State Department's Bureau of European and
Canadian Affairs.
The single largest SEED program funded in this account is Bosnia,
which remains a major Administration priority. Reconstruction needs and
support for local police continue to be significant in this country as
it moves towards stability and normalcy. The request for 2000 also
includes $12.5 million to partially capitalize a $100 million trust
fund, on a 50-50 basis, in a public-private partnership with a number of
U.S. foundations. This trust is designed to help sustain support for
democracy and economic reform through support for non-governmental
organizations in countries where U.S. direct assistance has been phased
out.
The Administration will submit to the Committees on Appropriations a
plan for the distribution of the assets of the Polish-American
Enterprise Fund, following transmittal of the budget.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1010-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
11.8 Personnel compensation: Special
personal services payments.... 2 2 2
21.0 Travel and transportation of
persons....................... 2 2 1
25.1 Advisory and assistance services 20 42 20
25.2 Other services.................. 56 67 41
41.0 Grants, subsidies, and
contributions................. 377 451 329
--------- --------- ----------
99.0 Subtotal, direct obligations.. 457 564 393
41.0 Allocation Account: Grants,
subsidies, and contributions.... 2
--------- --------- ----------
99.9 Total new obligations........... 459 564 393
---------------------------------------------------------------------------
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, [$801,000,000] $1,032,000,000, to remain
available until September 30, [2000] 2001: Provided, That the provisions
of such chapter shall apply to funds appropriated by this paragraph:
Provided further, That such sums as may be necessary may be transferred
to the Export-Import Bank of the United States for the cost of any
financing under the Export-Import Bank Act of 1945 for activities for
the New Independent States.
(b) Funds appropriated under title II of this Act, including funds
appropriated under this heading, [should] may be made available for
assistance for Mongolia [at a level which is at least equivalent to the
level provided in fiscal year 1998]: Provided, That 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.
[(c)(1) Of the funds appropriated under this heading that are
allocated for assistance for the Government of Russia, 50 percent shall
be withheld from obligation until 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, related nuclear research facilities or
programs, or ballistic missile capability.]
[(2) Notwithstanding paragraph (1) assistance may be provided for
the Government of Russia if the President determines and certifies to
the Committees on Appropriations that making such funds available: (A)
is vital to the national security interest of the United States; and (B)
that the Government of Russia is taking meaningful steps to limit major
supply contracts and to curtail the transfer of technology and
technological expertise related to activities referred to in paragraph
(1).]
[(d) Not more than 30 percent of the funds appropriated under this
heading may be made available for assistance for any country in the
region.]
[(e) Of the funds appropriated under this heading, not less than
$228,000,000 shall be made available for assistance for the Southern
Caucasus region: Provided, That of the funds made available for the
Southern Caucasus region, 17.5 percent should be used for reconstruction
and other activities relating to the peaceful resolution of conflicts
within the region, especially those in the vicinity of Abkhazia and
Nagorno-Karabakh: Provided further, That if the Secretary of State after
May 30, 1999, determines and reports to the relevant committees of
Congress that the full amount of funds that may be made available under
the first proviso cannot be effectively utilized, the amount provided
may be used for other purposes under this heading: Provided further,
That of the funds provided under this subsection, 37 percent shall be
made available for assistance for Georgia and 35 percent shall be made
available for assistance for Armenia: Provided further, That of funds
made available for Armenia, not less than 12 percent shall be made
available for an endowment for the American University in Armenia.]
[(f)] (c) Section 907 of the FREEDOM Support Act [shall not apply
to--
(1) activities to support democracy or assistance under title V
of the FREEDOM Support Act and section 1424 of Public Law 104-201;
(2) any assistance provided by the Trade and Development Agency
under section 661 of the Foreign Assistance Act of 1961 (22 U.S.C.
2421);
(3) any activity carried out by a member of the United States
and Foreign Commercial Service while acting within his or her
official capacity;
(4) any insurance, reinsurance, guarantee, or other assistance
provided by the Overseas Private Investment Corporation under
[[Page 1000]]
title IV of chapter 2 of part I of the Foreign Assistance Act of
1961 (22 U.S.C. 2191 et seq.);
(5) any financing provided under the Export-Import Bank Act of
1945; or
(6) humanitarian assistance.] is hereby repealed.
[(g) Of the funds appropriated under this heading, not less than
$195,000,000 shall be made available for assistance for Ukraine:
Provided, That not less than $25,000,000 of such funds should be made
available for nuclear reactor safety programs, of which not less than
$1,000,000 shall be made available for personnel security initiatives at
all nuclear reactor installations: Provided further, That 50 percent of
the amount made available in this subsection, exclusive of funds made
available for nuclear safety and law enforcement reforms, shall be
withheld from obligation and expenditure until the Secretary of State
reports to the Committees on Appropriations that Ukraine has undertaken
significant economic reforms additional to those achieved in fiscal year
1998, and include: (1) reform and effective enforcement of commercial
and tax codes; and (2) continued progress on resolution of complaints by
United States investors: Provided further, That the report in the
previous proviso shall be provided 120 days after the date of enactment
of this Act: Provided further, That for the purposes of the agreement
with Ukraine submitted to the Congress under section 123 of the Atomic
Energy Act of 1954, as amended, the requirement to submit the agreement
and related documents to the Congress and the appropriate congressional
committees for the periods described in that Act shall be deemed
satisfied upon the enactment of this Act.]
[(h) The Coordinator for Assistance to the New Independent States of
the Former Soviet Union shall inform the Committees on Appropriations
prior to the obligation of funds made available under this heading for a
United States national lab to administer nuclear safety activities if
the management costs exceed 9 percent of the costs associated with the
program or activity.] (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1999, as included in Public Law 105-277,
section 101(d).)
[Notwithstanding section 10 of Public Law 91-672, for an additional
amount for ``Assistance for the New Independent States of the former
Soviet Union,'' $46,000,000, to remain available until September 30,
2000: Provided, That the entire amount shall be available only to the
extent that an official budget request for a specific dollar amount that
includes designation of the entire amount of the request as an emergency
requirement as defined in the Balanced Budget and Emergency Deficit
Control Act of 1985, as amended, is transmitted by the President to the
Congress: Provided further, That the entire amount is designated by the
Congress as an emergency requirement pursuant to section 251(b)(2)(A) of
the Balanced Budget and Emergency Deficit Control Act of 1985, as
amended.] (Omnibus Consolidated and Emergency Supplemental
Appropriations Act, 1999, Public Law 105-277, Division B, Title IV,
chapter 3.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1093-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total new obligations............. 607 1,066 1,032
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 220 219
22.00 New budget authority (gross)...... 581 847 1,032
22.10 Resources available from
recoveries of prior year
obligations..................... 8
22.21 Unobligated balance transferred to
other accounts.................. -3
22.22 Unobligated balance transferred
from other accounts............. 20
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 826 1,066 1,032
23.95 Total new obligations............. -607 -1,066 -1,032
23.98 Unobligated balance expiring...... -1
24.40 Unobligated balance available, end
of year......................... 219
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 770 847 1,032
41.00 Transferred to other accounts..... -190
42.00 Transferred from other accounts... 1
--------- --------- ----------
43.00 Appropriation (total)........... 581 847 1,032
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 906 881 1,382
73.10 Total new obligations............. 607 1,066 1,032
73.20 Total outlays (gross)............. -626 -565 -602
73.45 Adjustments in unexpired accounts. -8
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 881 1,382 1,812
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 25 72 82
86.93 Outlays from current balances..... 601 493 520
--------- --------- ----------
87.00 Total outlays (gross)........... 626 565 602
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 581 847 1,032
90.00 Outlays........................... 626 565 602
---------------------------------------------------------------------------
This account provides funds for a program of assistance to the
independent states that emerged from the former Soviet Union. The
request for the New Independent States totals $1.032 billion. This
request will fund continuing programs of USAID and other agencies in
support of economic and democratic transitions. It also includes a new
emphasis on programs to address the security implications of the
economic transition.
Increased funding is requested for programs such as the State
Department Science Centers and Export Control and border security
enhancements. These efforts contribute to economic and infrastructure
reforms as well as to reducing risks of proliferation of weapons of mass
destruction, weapons delivery systems, materials, technology and
scientific and technical expertise.
Collectively, these programs for the New Independent States (NIS)
are designed to consolidate the process of political and economic
transition to market democracies, and to help address major
socioeconomic dislocations where they occur during these transitions.
Funds will support economic restructuring through helping to create
conditions that encourage: trade and investment and private sector
growth; improved government fiscal policy, revenue collection, and
financial management; a market-oriented financial sector; and a more
efficient energy sector and a cleaner environment. Funds will support
democratic transitions through promoting citizen participation,
establishing the rule of law, and strengthening local governments.
Program resources requested in 2000 will be increasingly focused on
the Partnership for Freedom (PFF) approach begun in 1998. This approach
is designed to achieve the mutual economic and political goals of the
United States and countries in the region. Building on traditional
government-to-government technical assistance and tailoring the overall
U.S. assistance program to unique NIS circumstances, the PFF supports
broader economic and social ties between the United States and the NIS.
It includes the development and expansion of sustainable partnerships,
professional linkages, and citizen exchanges. Programs will be
increasingly aimed at enhancing local public and private institutional
capacity as part of the comprehensive strategy to expand trade and
investment, develop and strengthen small and medium enterprises,
mobilize capital, reduce crime and corruption, and build viable civil
societies.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1093-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
11.8 Personnel compensation: Special
personal services payments.... 2 5 5
21.0 Travel and transportation of
persons....................... 1 5 5
25.1 Advisory and assistance services 22 38 34
25.2 Other services.................. 45 121 96
[[Page 1001]]
26.0 Supplies and materials.......... 2 33 20
41.0 Grants, subsidies, and
contributions................. 522 864 872
--------- --------- ----------
99.0 Subtotal, direct obligations.. 594 1,066 1,032
41.0 Allocation Account: Grants,
subsidies, and contributions.... 13
--------- --------- ----------
99.9 Total new obligations........... 607 1,066 1,032
---------------------------------------------------------------------------
Sahel Development Program
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1012-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 2
73.20 Total outlays (gross)............. -2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 2
---------------------------------------------------------------------------
The goal of the Sahel Regional Program was to increase food security
and ecological balance in Sahel, West Africa. Within that goal, the
program promoted trade and investment in the West Africa Region,
encouraged regional dialogue, and provided decision-makers with ready
access to relevant information on development issues.
Since 1988 these activities have been funded from the Development
Fund for Africa and Development Assistance accounts.
American Schools and Hospitals Abroad
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1013-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 6
73.20 Total outlays (gross)............. -5
73.40 Adjustments in expired accounts... -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 5
---------------------------------------------------------------------------
Separate funding for American Schools and Hospitals Abroad ceased in
1994. This account contains remaining balances from prior activity.
Financing of key institutions that meet important foreign policy and
developmental criteria will be done within the regular development
assistance account.
Sub-Saharan Africa Disaster Assistance
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1040-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 3 3 3
24.40 Unobligated balance available, end
of year......................... 3 3 3
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 7 6 4
73.20 Total outlays (gross)............. -2 -2
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 6 4 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 2 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 2 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, [$200,000,000]
$220,000,000, to remain available until expended. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1999, as
included in Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1035-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total new obligations............. 219 208 220
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 37 8
22.00 New budget authority (gross)...... 190 200 220
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 227 208 220
23.95 Total new obligations............. -219 -208 -220
24.40 Unobligated balance available, end
of year......................... 8
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 190 200 220
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 254 309 321
73.10 Total new obligations............. 219 208 220
73.20 Total outlays (gross)............. -165 -196 -201
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 309 321 340
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 41 50 55
86.93 Outlays from current balances..... 122 146 146
--------- --------- ----------
87.00 Total outlays (gross)........... 165 196 201
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 190 200 220
90.00 Outlays........................... 165 196 201
---------------------------------------------------------------------------
The International Disaster Assistance (IDA) account provides funds
for two separate offices. The Office of U.S. Foreign Disaster Assistance
(OFDA) manages relief, rehabilitation, and reconstruction assistance to
foreign countries struck by natural and man-made disasters and supports
disaster prevention, mitigation and preparedness. OFDA's program has
been placing increasing emphasis on complex emergencies, a product of
ethnic and national tensions leading to civil strife and the
displacement of large numbers of people. The $165 million request for
OFDA for 2000 will be used to provide temporary shelter, blankets,
supplementary food, potable water, medical supplies and agricultural
rehabilitation aid, including seeds and hand tools.
The Office of Transition Initiatives (OTI) promotes the successful
transition of countries from the initial crisis stage of a complex
emergency (frequently addressed by OFDA) to the path of sustainable
development. OTI seeks to promote
[[Page 1002]]
peace and stability which can include: support for demobilization and
re-integration of ex-combatants into civil society; landmine awareness;
community self-help projects that reduce tension and promote democratic
processes; and conflict resolution. The 2000 request for OTI is $55
million. Since its inception in 1994, OTI has established a successful
track record and requires additional funding to respond to the
significant number of opportunities for peaceful transitions from
complex emergencies.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1035-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
11.8 Personnel compensation: Special
personal services payments...... 5 5 5
21.0 Travel and transportation of
persons......................... 1 1 1
25.2 Other services.................... 18 17 19
26.0 Supplies and materials............ 6 6 6
41.0 Grants, subsidies, and
contributions................... 189 179 189
--------- --------- ----------
99.9 Total new obligations........... 219 208 220
---------------------------------------------------------------------------
Operating Expenses of the Agency for International Development
For necessary expenses to carry out the provisions of section 667,
[$479,950,000: 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] $507,739,000, to remain available until
September 30, 2001. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1999, as included in Public Law 105-277,
section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1000-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Direct program.................. 500 501 520
00.02 Foreign national separation fund 2 2 3
09.00 Reimbursable program.............. 7 5 5
--------- --------- ----------
10.00 Total new obligations........... 509 508 528
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 32 20 20
22.00 New budget authority (gross)...... 486 498 513
22.10 Resources available from
recoveries of prior year
obligations..................... 12 11 11
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 530 529 544
23.95 Total new obligations............. -509 -508 -528
23.98 Unobligated balance expiring...... -1
24.40 Unobligated balance available, end
of year......................... 20 20 17
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 473 480 508
42.00 Transferred from other accounts. 6 13
--------- --------- ----------
43.00 Appropriation (total)......... 479 493 508
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 7 5 5
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 486 498 513
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 209 206 182
73.10 Total new obligations............. 509 508 528
73.20 Total outlays (gross)............. -500 -523 -495
73.40 Adjustments in expired accounts... 1
73.45 Adjustments in unexpired accounts. -12 -11 -11
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 206 182 204
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 345 365 376
86.93 Outlays from current balances..... 148 153 114
86.97 Outlays from new permanent
authority....................... 7 5 5
--------- --------- ----------
87.00 Total outlays (gross)........... 500 523 495
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -7 -5 -5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 479 493 508
90.00 Outlays........................... 493 518 490
---------------------------------------------------------------------------
These funds cover the appropriated dollar costs of managing U.S.
Agency for International Development (USAID) pro- grams, including
salaries and other expenses of direct hire personnel. USAID currently
maintains resident staff in more than 70 foreign countries as well as a
headquarters in Washington, which supports field programs and manages
regional and worldwide activities as well as costs associated with
physical security of agency personnel.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1000-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 156 157 162
11.3 Other than full-time permanent 4 4 4
11.5 Other personnel compensation.. 9 9 10
11.8 Special personal services
payments.................... 41 41 44
--------- --------- ----------
11.9 Total personnel compensation 210 211 220
12.1 Civilian personnel benefits..... 51 58 61
13.0 Benefits for former personnel... 2
21.0 Travel and transportation of
persons....................... 20 24 26
22.0 Transportation of things........ 10 9 10
23.1 Rental payments to GSA.......... 25 25 28
23.2 Rental payments to others....... 23 24 26
23.3 Communications, utilities, and
miscellaneous charges......... 13 12 14
24.0 Printing and reproduction....... 1 1 1
25.1 Advisory and assistance services 5 3 3
25.2 Other services.................. 67 60 62
25.3 Purchases of goods and services
from Government accounts...... 25 29 30
25.4 Operation and maintenance of
facilities.................... 5 4 4
25.7 Operation and maintenance of
equipment..................... 13 15 15
26.0 Supplies and materials.......... 7 6 6
31.0 Equipment....................... 21 17 15
32.0 Land and structures............. 2 2 1
42.0 Insurance claims and indemnities 1 1 1
--------- --------- ----------
99.0 Subtotal, direct obligations.. 501 501 523
99.0 Reimbursable obligations.......... 7 5 5
99.5 Below reporting threshold......... 1 2
--------- --------- ----------
99.9 Total new obligations........... 509 508 528
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 72-1000-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct:
Total compensable workyears:
1001 Full-time equivalent employment. 2,439 2,378 2,378
1011 Exempt Full-time equivalent
employment.................... 10 10
Reimbursable:
2001 Total compensable workyears: Full-
time equivalent employment...... 5 5 5
---------------------------------------------------------------------------
[[Page 1003]]
Payment to the Foreign Service Retirement and Disability Fund
For payment to the ``Foreign Service Retirement and Disability
Fund'', as authorized by the Foreign Service Act of 1980, [$44,552,000]
$43,837,000. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1036-0-1-153 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
13.0)........................... 44 45 44
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 44 45 44
23.95 Total new obligations............. -44 -45 -44
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 44 45 44
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 44 45 44
73.20 Total outlays (gross)............. -44 -45 -44
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 44 45 44
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 44 45 44
90.00 Outlays........................... 44 45 44
---------------------------------------------------------------------------
The 2000 request will finance the 2000 installment of the unfunded
liability created by the addition of the U.S. 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,
[$30,750,000] $25,261,000, to remain available until September 30,
[2000] 2001, 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 Appropriations Act,
1999, as included in Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1007-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 32 34 26
--------- --------- ----------
10.00 Total new obligations........... 32 34 26
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 10 7 4
22.00 New budget authority (gross)...... 29 31 25
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 39 38 29
23.95 Total new obligations............. -32 -34 -26
24.40 Unobligated balance available, end
of year......................... 7 4 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 29 31 25
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 12 11 17
73.10 Total new obligations............. 32 34 26
73.20 Total outlays (gross)............. -33 -28 -24
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 11 17 19
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 24 22 18
86.93 Outlays from current balances..... 9 6 6
--------- --------- ----------
87.00 Total outlays (gross)........... 33 28 24
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 29 31 25
90.00 Outlays........................... 33 28 24
---------------------------------------------------------------------------
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.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1007-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 13 14 12
11.5 Other personnel compensation.... 1
11.8 Special personal services
payments...................... 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 15 15 13
12.1 Civilian personnel benefits....... 3 4 4
21.0 Travel and transportation of
persons......................... 1 1 1
22.0 Transportation of things.......... 1 1
23.1 Rental payments to GSA............ 2 2 1
23.2 Rental payments to others......... 1 1 1
25.2 Other services.................... 3 3 1
25.3 Purchases of goods and services
from Government accounts........ 3 3 3
31.0 Equipment......................... 2 2 1
32.0 Land and structures............... 1 1
--------- --------- ----------
99.0 Subtotal, direct obligations.. 32 33 25
99.5 Below reporting threshold......... 1 1
--------- --------- ----------
99.9 Total new obligations........... 32 34 26
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 72-1007-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 189 199 173
---------------------------------------------------------------------------
Public enterprise funds:
Property Management Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4175-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 3 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 32.0)................... 3 1 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 5 3 4
22.00 New budget authority (gross)...... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 5 5 4
23.95 Total new obligations............. -3 -1 -1
24.40 Unobligated balance available, end
of year......................... 3 4 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 2
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 3 1 1
73.20 Total outlays (gross)............. -3 -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 3
86.97 Outlays from new permanent
authority....................... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 3 1
----------------------------------------------------------------------------
[[Page 1004]]
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..................
90.00 Outlays........................... 3 -1
---------------------------------------------------------------------------
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 1 1 1
24.40 Unobligated balance available, end
of year......................... 1 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
This revolving fund finances the acquisition and rehabilitation of
U.S. Government-owned excess property, at minimal cost, 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 U.S. Agency for
International Development.
Working Capital Fund
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4513-4-4-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program.............. 3
--------- --------- ----------
09.09 Reimbursable program--subtotal
line.......................... 3
--------- --------- ----------
10.00 Total new obligations (object
class 11.8)................... 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3
23.95 Total new obligations............. -3
----------------------------------------------------------------------------
New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 3
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 3
73.20 Total outlays (gross)............. -3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 3
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
USAID is requesting authority to establish a Working Capital Fund
(WCF) in 2000 to enable the Agency to more effectively handle financing
in cases where a USAID mission is an ICASS (international cooperative
administrative support services) provider. The WCF is a no-year fund
that permits unobligated funds to be carried over from one year to the
next. This would enable the agency to more effectively manage existing
reimbursement arrangements and to establish multi-year planning cycles.
Assistance for the New Independent States of the Former Soviet Union:
Ukraine Export Credit Insurance Program Account
General Fund Credit Receipt Accounts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0402-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
0101 Assistance for the new independent
states of the former Soviet
Union, downward reestimates of
subsidies....................... 30
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0402-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.10 Deobligated balance............... 1
22.21 Unobligated balance transferred to
other accounts.................. -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation......
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 1
73.45 Adjustments in unexpired accounts. -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, this account
records, for this program, 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 for the
administrative expenses of this program. The subsidy amounts are
estimated on a net present value basis. The administrative expenses are
eliminated on a cash basis.
The Ukraine Export Credit Guarantee Program, which terminated in
1997, insured U.S. exporters against the risk of non-payment for their
goods on the part of Ukrainian entities. The program had multiple
objectives, including: (a) helping to feed the needy by pump-priming the
Ukrainian agricultural sector; (b) paving the way for the resumption of
U.S. Eximbank activity within the country; and, (c) encouraging
[[Page 1005]]
the requisite shift in orientation of the Ukrainian economy from statist
to private-sector led.
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
08.02 Downward Re-estimate paid to
reciept account................. 30
--------- --------- ----------
10.00 Total new obligations........... 30
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 26 28 30
22.00 New financing authority (gross)... 2 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 28 30 30
23.95 Total new obligations............. -30
24.40 Unobligated balance available, end
of year......................... 28 30
----------------------------------------------------------------------------
New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 2 2
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 30
73.20 Total financing disbursements
(gross)......................... -30
87.00 Total financing disbursements
(gross)......................... 30
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
88.25 Offsetting collections (cash)
from: Interest on uninvested
funds......................... -2 -2
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -2 -2 30
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4345-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
--------- --------- ----------
2150 Total guaranteed loan
commitments...................
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 142 61
2231 Disbursements of new guaranteed
loans...........................
2251 Repayments and prepayments........ -81 -61
--------- --------- ----------
2290 Outstanding, end of year........ 61
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 61
---------------------------------------------------------------------------
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 72-4345-0-3-151 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 26 28 30
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501 Defaulted guaranteed loans
receivable, gross.............
1505 Allowance for subsidy cost (-)..
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............
------------ -------------- ------------ -------------
1999 Total assets.................... 26 28 30
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 26 28 30
------------ -------------- ------------ -------------
2999 Total liabilities............... 26 28 30
------------ -------------- ------------ -------------
4999 Total liabilities and net position 26 28 30
-----------------------------------------------------------------------------------------------
Debt Reduction, Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Payment to liquidating accounts... 69
00.02 Interest.......................... 2 2
00.03 Interest on Treasury borrowing-EAI
debt............................ 31 8
--------- --------- ----------
10.00 Total new obligations........... 102 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 49 109
22.00 New financing authority (gross)... 60 114 11
22.60 Redemption of debt................ -121
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 109 102 11
23.95 Total new obligations............. -102 -10
24.40 Unobligated balance available, end
of year......................... 109
----------------------------------------------------------------------------
New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 53 2
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 60 91 61
68.47 Portion applied to debt
reduction..................... -30 -52
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 60 61 9
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 60 114 11
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 102 10
73.20 Total financing disbursements
(gross)......................... -102 -11
87.00 Total financing disbursements
(gross)......................... 102 11
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources--Paris club
debt reduction.............. -30 -1
88.25 Interest on uninvested funds.. -3 -4 -3
88.40 Repayment of principal--EAI
debt........................ -57 -57 -57
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -60 -91 -61
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 23 -50
90.00 Financing disbursements........... -60 11 -50
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1998 actual 1999 est. 2000 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........ 339 282 278
Disbursements:
1232 Purchase of loans assets from
the public.................... 39
[[Page 1006]]
1233 Purchase of loans assets from a
liquidating account........... 14
1251 Repayments: Repayments and
prepayments..................... -57 -57 -57
--------- --------- ----------
1290 Outstanding, end of year........ 282 278 221
---------------------------------------------------------------------------
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 U.S. Agency for
International Development.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 49 109
Investments in US securities:
1106 Receivables, net..............
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 339 282 239 182
1405 Allowance for subsidy cost (-).. -154 -142 -144 -139
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 185 140 95 43
------------ -------------- ------------ -------------
1999 Total assets.................... 234 249 95 43
LIABILITIES:
Federal liabilities:
Debt:
2103 Debt (EAI).................... 234 249 95 43
2103 Debt (Paris Club debt
reduction)..................
2203 Non-Federal liabilities: Debt,
Debt Reduction.................. 39 39
------------ -------------- ------------ -------------
2999 Total liabilities............... 234 249 134 82
------------ -------------- ------------ -------------
4999 Total liabilities and net position 234 249 134 82
-----------------------------------------------------------------------------------------------
Loan Guarantees to Israel Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 397 515 546
22.00 New financing authority (gross)... 118 31 31
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 515 546 577
24.40 Unobligated balance available, end
of year......................... 515 546 577
----------------------------------------------------------------------------
New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 118 31 31
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -55 -31 -31
88.40 Non-Federal sources........... -63
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -118 -31 -31
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -118 -31 -31
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
--------- --------- ----------
2150 Total guaranteed loan
commitments...................
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 7,814 9,226 9,226
2231 Disbursements of new guaranteed
loans........................... 1,412
--------- --------- ----------
2290 Outstanding, end of year........ 9,226 9,226 9,226
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 9,226 9,226 9,226
---------------------------------------------------------------------------
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 72-4119-0-3-151 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 463 515 546 577
------------ -------------- ------------ -------------
1999 Total assets.................... 463 515 546 577
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 397 515 546 577
------------ -------------- ------------ -------------
2999 Total liabilities............... 397 515 546 577
-----------------------------------------------------------------------------------------------
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, including the cost of guaranteed
loans designed to promote the urban and environmental policies and
objectives of part I of such Act, [$1,500,000] $3,000,000, to remain
available until expended: Provided, That these funds are available to
subsidize loan principal, 100 per centum of which shall be guaranteed,
pursuant to the authority of such sections. In addition, for
administrative expenses to carry out guaranteed loan programs,
$5,000,000, all of which may be transferred to and merged with the
appropriation for Operating Expenses of the Agency for International
Development: Provided further, That commitments to guarantee loans under
this heading may be entered into notwithstanding section 223(j) and the
second and third sentences of section 222(a) of the Foreign Assistance
Act of 1961[, and the third and fourth sentences of section 223(j) of
such Act are repealed]. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1999, as included in Public Law 105-
277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Direct program.................... 3 2 3
00.09 Direct program.................... 6 5 5
--------- --------- ----------
10.00 Total new obligations........... 9 7 8
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 9 7 8
23.95 Total new obligations............. -9 -7 -8
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 9 7 8
----------------------------------------------------------------------------
[[Page 1007]]
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 34 19 12
73.10 Total new obligations............. 9 7 8
73.20 Total outlays (gross)............. -25 -14 -5
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 19 12 15
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 4 4 4
86.93 Outlays from current balances..... 21 10 1
--------- --------- ----------
87.00 Total outlays (gross)........... 25 14 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 9 7 8
90.00 Outlays........................... 25 14 5
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 18 14 26
--------- --------- ----------
2159 Total loan guarantee levels..... 18 14 26
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 1.70 1.07 1.15
--------- --------- ----------
2329 Weighted average subsidy rate... 1.70 1.07 1.15
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 3 2 3
--------- --------- ----------
2339 Total subsidy budget authority.. 3 2 3
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 19 9 2
--------- --------- ----------
2349 Total subsidy outlays........... 19 9 2
----------------------------------------------------------------------------
Administrative expense data:
3510 Budget authority.................. 6 5 3
3580 Outlays from balances............. 4 3 2
3590 Outlays from new authority........ 2 2 1
---------------------------------------------------------------------------
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 approved by 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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 2 2 2
21.0 Travel and transportation of
persons......................... 1 1 1
23.2 Rental payments to others......... 1 1 1
25.3 Purchases of goods and services
from Government accounts........ 1 1 1
41.0 Grants, subsidies, and
contributions................... 3 2 3
--------- --------- ----------
99.0 Subtotal, direct obligations.. 8 7 8
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 9 7 8
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 18 19 19
---------------------------------------------------------------------------
Urban and Environmental Credit Program Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4344-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Downward Re-estimate of Subsidy... 14
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 14
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 37 49 65
22.00 New financing authority (gross)... 26 16 9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 63 65 74
23.95 Total new obligations............. -14
24.40 Unobligated balance available, end
of year......................... 49 65 74
----------------------------------------------------------------------------
New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): (cash)..... 26 16 9
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 14
73.20 Total financing disbursements
(gross)......................... -14
87.00 Total financing disbursements
(gross)......................... 14
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -19 -9 -2
88.25 Interest on uninvested funds.. -5 -5 -5
88.40 Non-Federal sources........... -2 -2 -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -26 -16 -9
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -12 -16 -9
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4344-0-3-151 1998 actual 1999 est. 2000 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................. 18 14 26
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 18 14 26
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 343 407 514
2231 Disbursements of new guaranteed
loans........................... 64 107 35
--------- --------- ----------
2290 Outstanding, end of year........ 407 514 549
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 407 514 549
---------------------------------------------------------------------------
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 be
[[Page 1008]]
yond. 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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 37 49 65 74
Investments in US securities:
1106 Receivables, net.............. 36
------------ -------------- ------------ -------------
1999 Total assets.................... 73 49 65 74
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 53 49 65 74
------------ -------------- ------------ -------------
2999 Total liabilities............... 53 49 65 74
NET POSITION:
3100 Appropriated capital.............. 20
------------ -------------- ------------ -------------
3999 Total net position.............. 20
------------ -------------- ------------ -------------
4999 Total liabilities and net position 73 49 65 74
-----------------------------------------------------------------------------------------------
Housing and Other Credit Guaranty Programs Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Claims payments................... 50 31 15
00.02 Interest on borrowing............. 7 8 4
--------- --------- ----------
10.00 Total new obligations........... 57 39 19
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 63 69
22.00 New budget authority (gross)...... 139 131 71
22.40 Capital transfer to general fund.. -38 -137 -4
22.60 Redemption of debt................ -38 -24 -48
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 126 39 19
23.95 Total new obligations............. -57 -39 -19
Unobligated balance available, end of year:
24.40 Unobligated balance available,
end of year................... 69
24.40 Unobligated balance available,
end of year...................
--------- --------- ----------
24.99 Total unobligated balance, end
of year....................... 69
----------------------------------------------------------------------------
New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 51 17 28
Spending authority from offsetting
collections:
Offsetting collections (cash):
68.00 Offsetting collections (cash). 88 60 43
68.00 Offsetting collections (debt
reduction).................. 54
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 88 114 43
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 139 131 71
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 5
73.10 Total new obligations............. 57 39 19
73.20 Total outlays (gross)............. -62 -39 -19
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 57 39 19
86.98 Outlays from permanent balances... 5
--------- --------- ----------
87.00 Total outlays (gross)........... 62 39 19
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Federal sources:
88.00 Federal sources--Payments
from debt reduction
financing account......... -14
88.00 Federal sources (debt
reduction)................ -54
Non-Federal sources:
88.40 Receipts of principal
resulting from rescheduled
claims.................... -18 -17 -16
88.40 Recoveries of claims
receivable................ -44 -1 -1
88.40 Fees........................ -8 -5 -5
88.40 Interest & late pmt.
collection................ -18 -23 -21
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -88 -114 -43
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 51 17 28
90.00 Outlays........................... -26 -75 -24
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 1,884 1,834 1,800
2231 Disbursements of new guaranteed
loans........................... 19 20 10
2251 Repayments and prepayments........ -30 -29 -44
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -39 -25 -12
--------- --------- ----------
2290 Outstanding, end of year........ 1,834 1,800 1,754
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,834 1,800 1,754
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 487 485 85
2331 Disbursements for guaranteed
loan claims................... 56 31 15
Repayments of loans receivable:
2351 Repayments of loans receivable -60 -17 -16
2351 Repayments of loans receivable
(debt reduction)............ -54
2351 Adjustments................... 2
Write-offs of loans receivable:
2361 Write-offs of loans receivable
2361 Write-offs of loans receivable
2364 Other adjustments, net.......... -360
--------- --------- ----------
2390 Outstanding, end of year...... 485 85 84
---------------------------------------------------------------------------
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. 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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
0111 Revenue........................... 35 26 28 26
0112 Expense........................... -9 -42 -22 -19
------------ -------------- ------------ -------------
0119 Net income or loss (-)............ 26 -16 6 7
------------ -------------- ------------ -------------
0199 Net income or loss................ 26 -16 6 7
-----------------------------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 5 69
Investments in US securities:
1104 Agency securities, par........
1206 Non-Federal assets: Receivables,
net.............................
[[Page 1009]]
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1701 Defaulted guaranteed loans,
gross......................... 506 525 206 204
1703 Allowance for estimated
uncollectible loans and
interest (-).................. -224 -333 -319 -319
1704 Defaulted guaranteed loans and
interest receivable, net...... 282 192 -113 -115
------------ -------------- ------------ -------------
1799 Value of assets related to
loan guarantees............. 282 192 -113 -115
1803 Other Federal assets: Property,
plant and equipment, net........
------------ -------------- ------------ -------------
1999 Total assets.................... 287 261 -113 -115
LIABILITIES:
Federal liabilities:
2102 Interest payable................ 4
2103 Debt............................ 85 72 24
2105 Other........................... 3 3 3
Non-Federal liabilities:
2201 Accounts payable................ 2
2204 Liabilities for loan guarantees. 385 376 376 376
------------ -------------- ------------ -------------
2999 Total liabilities............... 477 453 403 376
NET POSITION:
3100 Appropriated capital.............. 183 234 234 234
Cumulative results of operations:
3300 Cumulative results of operations 12 -50 -68 -43
3300 Cumulative results of operations -306 -306
3500 Future funding requirements....... -385 -376 -376 -376
------------ -------------- ------------ -------------
3999 Total net position.............. -190 -192 -516 -491
------------ -------------- ------------ -------------
4999 Total liabilities and net position 287 261 -113 -115
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
42.0 Insurance claims and indemnities.. 50 31 15
43.0 Interest and dividends............ 7 8 4
--------- --------- ----------
99.9 Total new obligations........... 57 39 19
---------------------------------------------------------------------------
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, [2000]
2001. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)
General Fund Credit Receipt Accounts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
0101 Microenterprise and small
enterprise development, downward
reestimates of subsidies........ 1
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Guaranty loan subsidy--
Microenterprise credits......... 1 3 1
00.09 Administrative expenses........... 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 2 4 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 2 2
22.00 New budget authority (gross)...... 2 2 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4 4 2
23.95 Total new obligations............. -2 -4 -2
24.40 Unobligated balance available, end
of year......................... 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 2 2 2
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 3 4 5
73.10 Total new obligations............. 2 4 2
73.20 Total outlays (gross)............. -1 -1 -2
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 4 5 5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 1 1
86.93 Outlays from current balances..... 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 1 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2 2 2
90.00 Outlays........................... 1 1 2
---------------------------------------------------------------------------
The Micro and Small Enterprise Development 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. Administrative expenses are estimated on a cash basis.
The MSED program works with financial institutions to increase the
flow of credit to small businesses in developing nations worldwide;
poverty reduction requires thriving micro and small businesses whose
success depends, in turn, on the ability to secure credit. The MSED
program: (a) stimulates the growth and expansion of private sector
activity by enhancing access to credit for micro and small businesses;
(b) develops innovative financing mechanisms that address imperfec-
tions in the credit market that make it difficult for small enterprises
to get credit; and, (c) strengthens the capacity of indigenous financial
institutions to engage in micro and small business lending through
targeted training programs.
The primary tool is the Loan Portfolio Guaranty (LPG) program which
provides loan guarantees. The MSED program also uses direct loans and
guarantees to provide capital for private voluntary organizations (PVOs)
and non-governmental organizations (NGOs) engaged in microenterprise
lending activities and to create sustainable relationships between these
PVOs/NGOs and formal financial institutions. Guarantees are combined
with training and technical assistance to improve the capacity of banks
to assess small and micro business credits and to assist borrowers in
presenting credible proposals to lending institutions.
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 40 40 30
--------- --------- ----------
2159 Total loan guarantee levels..... 40 40 30
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 3.79 3.79 4.94
--------- --------- ----------
2329 Weighted average subsidy rate... 3.79 3.79 4.94
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 1 1 1
--------- --------- ----------
2339 Total subsidy budget authority.. 1 1 1
[[Page 1010]]
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
---------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
41.0 Direct obligations: Grants,
subsidies, and contributions.... 1 3 1
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 2 4 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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 1
----------------------------------------------------------------------------
New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 1
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -1
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -1
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4342-0-3-151 1998 actual 1999 est. 2000 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........ 2 1 1
1231 Disbursements: Direct loan
disbursements...................
1251 Repayments: Repayments and
prepayments..................... -1
--------- --------- ----------
1290 Outstanding, end of year........ 1 1 1
---------------------------------------------------------------------------
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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 1
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 2 1 1 1
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 2 1 1
------------ -------------- ------------ -------------
1999 Total assets.................... 2 2 1 1
LIABILITIES:
2201 Non-Federal liabilities: Accounts
payable......................... 2 2 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 2 2 1 1
-----------------------------------------------------------------------------------------------
Microenterprise and Small Enterprise Development Guaranteed Loan
Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4343-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Default claims.................... 1 1 2
09.01 Downward Re-estimate.............. 1
--------- --------- ----------
10.00 Total obligations............... 1 2 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 2 3 4
22.00 New financing authority (gross)... 2 2 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4 5 7
23.95 Total new obligations............. -1 -2 -2
24.40 Unobligated balance available, end
of year......................... 3 4 5
----------------------------------------------------------------------------
New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 2 2 3
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 1 2 2
73.20 Total financing disbursements
(gross)......................... -1 -2 -2
87.00 Total financing disbursements
(gross)......................... 1 2 2
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -1 -1 -2
88.40 Non-Federal sources........... -1 -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -2 -2 -3
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -1 -1
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4343-0-3-151 1998 actual 1999 est. 2000 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................. 160 191 200
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 160 191 200
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 32 31 49
2231 Disbursements of new guaranteed
loans........................... 12 39 41
2251 Repayments and prepayments........ -14 -20 -22
2261 Adjustments: Terminations for
default that result in loans
receivable...................... 1 -1 -2
--------- --------- ----------
2290 Outstanding, end of year........ 31 49 66
----------------------------------------------------------------------------
[[Page 1011]]
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 15 25 26
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 1 2
2331 Disbursements for guaranteed
loan claims................... 1 1 2
--------- --------- ----------
2390 Outstanding, end of year...... 1 2 4
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from 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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 2 3 4 5
Investments in US securities:
1106 Receivables, net..............
------------ -------------- ------------ -------------
1999 Total assets.................... 2 3 4 5
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 1 3 4 5
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 3 4 5
NET POSITION:
3100 Appropriated capital.............. 1
------------ -------------- ------------ -------------
3999 Total net position.............. 1
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 3 4 5
-----------------------------------------------------------------------------------------------
Private Sector Revolving Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Outlays (gross), detail:
86.98 Outlays from permanent balances... 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 8
2264 Adjustments: Other adjustments,
net............................. -8
--------- --------- ----------
2290 Outstanding, end of year........
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year..
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, this account
records all cash flows to and from the Government resulting from direct
loans obligated and loan guarantees 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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................
------------ -------------- ------------ -------------
1599 Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
Net present value of assets
related to defaulted
guaranteed loans.............. 1
------------ -------------- ------------ -------------
1999 Total assets....................
LIABILITIES:
2101 Federal liabilities: Accounts
payable.........................
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 1
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1
-----------------------------------------------------------------------------------------------
Development Credit Authority Program Account
For the cost of direct loans and loan guarantees, up to $15,000,000,
to be derived by transfer from funds appropriated by this Act to carry
out Part I of the Foreign Assistance Act of 1961, as amended, and funds
appropriated by this Act under the heading, ``Assistance for Eastern
Europe and the Baltic States'', to remain available until expended, as
authorized by section 635 of the Foreign Assistance Act of 1961:
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 for administrative expenses to carry out
the direct and guaranteed loan programs, up to $2,000,000 of this amount
may be transferred to and merged with the appropriation for ``Operating
Expenses of the Agency for International Development'': Provided
further, That the provisions of section 107A(d) (relating to general
provisions applicable to the Development Credit Authority) of the
Foreign Assistance Act of 1961, as contained in section 306 of H.R. 1486
as reported by the House Committee on International Relations on May 9,
1997, shall be applicable to direct loans and loan guarantees provided
under this heading.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1264-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Guaranteed loan subsidy........... 8 13
00.09 Administrative Expenses........... 2
--------- --------- ----------
10.00 Total new obligations........... 8 15
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 8 15
23.95 Total new obligations............. -8 -15
----------------------------------------------------------------------------
New budget authority (gross), detail:
42.00 Transferred from other accounts... 8 15
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 6
73.10 Total new obligations............. 8 15
73.20 Total outlays (gross)............. -2 -6
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 6 15
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 2 4
86.93 Outlays from current balances..... 3
--------- --------- ----------
87.00 Total outlays (gross)........... 2 6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 8 15
90.00 Outlays........................... 2 6
---------------------------------------------------------------------------
[[Page 1012]]
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1264-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 120 200
--------- --------- ----------
2159 Total loan guarantee levels..... 120 200
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 6.26 6.50
--------- --------- ----------
2329 Weighted average subsidy rate... 6.26 6.50
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 8 13
--------- --------- ----------
2339 Total subsidy budget authority.. 8 13
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 2 6
--------- --------- ----------
2349 Total subsidy outlays........... 2 6
---------------------------------------------------------------------------
The Development Credit Authority (DCA) will permit USAID to utilize
direct loans and loan guarantees that have market-based rates and other
market-based terms and conditions to achieve sustainable development
objectives where these objectives can be achieved more effectively
through the use of credit mechanisms, as opposed to through grants or
other financing mechanisms. The DCA will only be used in cases where
credit risks can be accurately assessed, where the specific developing
country borrower can responsibly undertake the credit servicing
obligation, and where the use of USAID credit mechanisms will assist in
the development of private sector mechanisms that can sustain the
development impact. Therefore, while DCA will offer USAID an additional
financing mechanism, it will not alter the Agency's programmatic
priorities. The Agency will continue to provide the majority of its
assistance on a grant basis and will utilize the DCA to finance
development projects that are both developmentally sound and
creditworthy.
The DCA is requested as a permitted transfer from funds appropriated
to carry out Part I of the Foreign Assistance Act so that the actual
amount of funds transferred for the subsidy cost of DCA credits can be
commensurate with USAID's credit management capabilities. USAID has
undertaken an ambitious Credit Management Improvement Action Plan and is
implementing this plan with the cooperation of the Office of Management
and Budget. The Agency is currently putting a number of far-reaching
credit management reforms into effect and expects to have capabilities
in place that will allow the transfer of the entire $15 million
requested for the DCA. Transfer of these funds will take place only
after USAID obtains OMB certification of its credit management
capabilities as required by Section 591 of the Foreign Operations
Appropriations Act of FY 1998.
As required by the Federal Credit Reform Act of 1990, this account
records, for this program, 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 for the
administrative expenses of this program. The subsidy amounts are
estimated on a net present value basis.
In 2001, the Administration will propose merging USAID three credit
programs as one consolidated Development Credit Authority (DCA). This
single DCA program, which will include a consolidated credit
administrative budget, will allow USAID to use credit as a flexible
development tool for a wide range of development purposes. Rather than
requesting a direct appropriation, USAID will request transfer authority
from the Development Assistance and other grant accounts to cover the
subsidy cost of DCA credits. This will allow USAID to choose between
credit or grant mechanisms for any given development objective. However,
because there will be a cap on total credit subsidy transfers, credit
will continue to be used only in those cases where it is a particularly
appropriate or effective mechanism for achieving a specific objective.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-1264-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
25.1 Advisory and assistance services.. 1 1
41.0 Grants, subsidies, and
contributions................... 6 13
--------- --------- ----------
99.0 Subtotal, direct obligations.. 7 14
99.5 Below reporting threshold......... 1 1
--------- --------- ----------
99.9 Total new obligations........... 8 15
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 72-1264-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 2 4
---------------------------------------------------------------------------
Development Credit Authority Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4266-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 2
22.00 New financing authority (gross)... 2 7
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2 9
24.40 Unobligated balance available, end
of year......................... 2 7
----------------------------------------------------------------------------
New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 2 7
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources: Subsidy
payments from program
account..................... -2 -6
88.40 Non-Federal sources: Fees..... -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -2 -7
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -2 -7
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4266-0-3-151 1998 actual 1999 est. 2000 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................. 120 320
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 120 320
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 31
2231 Disbursements of new guaranteed
loans........................... 31 95
2261 Adjustments: Terminations for
default that result in loans
receivable......................
--------- --------- ----------
2290 Outstanding, end of year........ 31 126
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 16 63
----------------------------------------------------------------------------
[[Page 1013]]
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year......
2331 Disbursements for guaranteed
loan claims...................
--------- --------- ----------
2390 Outstanding, end of year......
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from 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 72-4266-0-3-151 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 2 9
Investments in US securities:
1106 Receivables, net..............
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501 Defaulted guaranteed loans
receivable, gross.............
1502 Interest receivable.............
1504 Foreclosed property.............
1505 Allowance for subsidy cost (-)..
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............
------------ -------------- ------------ -------------
1999 Total assets.................... 2 9
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 2 9
------------ -------------- ------------ -------------
2999 Total liabilities............... 2 9
NET POSITION:
3100 Appropriated capital..............
------------ -------------- ------------ -------------
3999 Total net position..............
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 9
-----------------------------------------------------------------------------------------------
Economic Assistance Loans--Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4103-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 128 114
22.00 New budget authority (gross)...... 1,215 763 715
Capital transfer to general fund:
22.40 Capital transfer to general fund -1,229 -876 -715
22.40 Capital transfer to Debt Red.
Fin. Acct..................... -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 114
24.40 Unobligated balance available, end
of year......................... 114
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Offsetting collections (cash):
68.00 Offsetting collections (cash). 1,215 762 715
68.00 Offsetting collections (cash). 1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 1,215 763 715
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -1
Non-Federal sources:
88.40 Non-Federal sources-
Principal................. -587 -543 -514
88.40 Non-Federal sources-Interest -628 -219 -201
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -1,215 -763 -715
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -1,215 -763 -715
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-4103-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 12,164 11,435 10,888
1231 Disbursements: Direct loan
disbursements...................
Repayments:
Repayments and prepayments:
1251 Repayments and prepayments.... -587 -543 -514
1251 Repayments and prepayments.... -1
1261 Adjustments: Capitalized interest. 56
1264 Write-offs for default: Other
adjustments, net................ -198 -3 -1
--------- --------- ----------
1290 Outstanding, end of year........ 11,435 10,888 10,373
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 72-4103-0-3-151 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 114
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601 Direct loans, gross............. 11,435 10,888 10,373
1602 Interest receivable............. 379 429 486
1603 Allowance for estimated
uncollectible loans and
interest (-).................. -5,235 -5,235 -5,235
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 6,579 6,082 5,624
------------ -------------- ------------ -------------
1999 Total assets.................... 6,693 6,082 5,624
LIABILITIES:
2104 Federal liabilities: Resources
payable to Treasury............. 6,693 6,082 5,624
------------ -------------- ------------ -------------
2999 Total liabilities............... 6,693 6,082 5,624
------------ -------------- ------------ -------------
4999 Total liabilities and net position 6,693 6,082 5,624
-----------------------------------------------------------------------------------------------
The Economic Assistance Loans liquidating account consolidates
liquidating credit activity from three previous accounts: Economic
Support Fund, Functional Development Assistance Program, and the
Development Loans Revolving Fund. This was done to simplify
presentation. 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 prior to 1992. This account is shown on a cash basis.
Trust Funds
Foreign Service National Separation Liability Trust Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-8342-0-7-602 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
12.1)........................... 3 2 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 3 2 3
23.95 Total new obligations............. -3 -2 -3
----------------------------------------------------------------------------
New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 3 2 3
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 8 10 10
73.10 Total new obligations............. 3 2 3
73.20 Total outlays (gross)............. -1 -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 10 10 10
----------------------------------------------------------------------------
[[Page 1014]]
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 1 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3 2 3
90.00 Outlays........................... 1 1 1
---------------------------------------------------------------------------
This Fund is maintained to pay separation costs for Foreign Service
National employees of the U.S. 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
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-9971-0-7-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............
Receipts:
02.01 Gifts and donations............... 50
Appropriation:
05.01 Miscellaneous trust funds......... -50
07.99 Total balance, end of year........
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 72-9971-0-7-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
10.00 Total obligations (object class
41.0)........................... 50
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 1 1
22.00 New budget authority (gross)...... 50
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 51 1
23.95 Total new obligations............. -50
24.40 Unobligated balance available, end
of year......................... 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 50
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 1 1
73.10 Total new obligations............. 50
73.20 Total outlays (gross)............. -50 -1
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 50
86.98 Outlays from permanent balances... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 50 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 50
90.00 Outlays........................... 50 1
---------------------------------------------------------------------------
The Miscellaneous Trust Funds account includes gifts and donations
that AID receives from other governments, non-governmental
organizations, or private citizens. AID has authority to spend these
gifts and donations for development purposes under Section 635(d) of the
Foreign Assistance Act. In 1997, this account received $50 million from
Israel that was used to finance part of the Mideast Peace and Stability
Fund.
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 [$32,500,000 of which not more than $27,500,000 may be
made available until the Corporation reports to the Committees on
Appropriations on measures taken to (1) establish sector specific
investment funds; and (2) support regional investment initiatives in
Georgia, Armenia and Azerbaijan through the Caucasus Fund] $35,000,000:
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, 1999, as included in Public Law 105-
277, section 101(d).)
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 2,381 2,579 2,698
--------- --------- ----------
03.00 Offsetting collections............ 198 119 204
04.00 Total: Balances and collections... 2,579 2,698 2,902
07.99 Total balance, end of year........ 2,579 2,698 2,902
---------------------------------------------------------------------------
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Noncredit administrative expenses. 13 14 14
09.02 Insurance claim payments/
provisions...................... 50 40 60
09.03 Credit administrative expenses.... 19 21 21
--------- --------- ----------
10.00 Total new obligations........... 82 75 95
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 21 107 165
22.00 New budget authority (gross)...... 82 75 95
22.10 Resources available from
recoveries of prior year
obligations..................... 5 1 1
22.22 Unobligated balance transferred
from other accounts............. 81 57
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 189 240 261
23.95 Total new obligations............. -82 -75 -95
24.40 Unobligated balance available, end
of year......................... 107 165 166
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
41.00 Transferred to other accounts... -24 -125 -45
42.00 Transferred from other accounts. 1
--------- --------- ----------
43.00 Appropriation (total)......... -24 -124 -45
Permanent:
Spending authority from
offsetting collections:
68.00 Offsetting collections (cash). 310 323 344
68.10 From Federal sources: Change
in receivables and unpaid,
unfilled orders............. -6 -5
[[Page 1015]]
68.45 Portion not expected to be
obligated................... -198 -119 -204
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)................... 106 199 140
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 82 75 95
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Obligated balance, start of year 112 154 180
72.95 From Federal sources:
Receivables and unpaid,
unfilled orders............... 47 41 36
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 159 195 216
73.10 Total new obligations............. 82 75 95
73.20 Total outlays (gross)............. -41 -53 -55
73.45 Adjustments in unexpired accounts. -5 -1 -1
Unpaid obligations, end of year:
74.40 Obligated balance, end of year.. 154 180 219
74.95 From Federal sources:
Receivables and unpaid,
unfilled orders............... 41 36 36
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 195 216 255
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 32 33 35
86.98 Outlays from permanent balances... 8 20 20
--------- --------- ----------
87.00 Total outlays (gross)........... 41 53 55
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -19 -21 -21
88.20 Interest on U.S. securities... -202 -215 -234
88.40 Non-Federal sources........... -89 -87 -89
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -310 -323 -344
88.95 From Federal sources: Change in
receivables and unpaid, unfilled
orders.......................... 6 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -222 -243 -249
90.00 Outlays........................... -269 -270 -289
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
U.S. securities: Par value...... 2,501 2,807 3,201
92.02 Total investments, end of year:
U.S. securities: Par value...... 2,807 3,201 3,258
---------------------------------------------------------------------------
The Overseas Private Investment Corporation encourages the
participation of United States private sector 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
damage due to political violence.
Status of Funds (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Unexpended balance, start of year:
0100 Treasury balance.................. 11 21 16
U.S. Securities:
0101 Par value....................... 2,527 2,833 3,047
0102 Unrealized discounts............ -24 -14 -20
--------- --------- ----------
0199 Total balance, start of year.... 2,514 2,840 3,043
Cash income during the year:
Offsetting collections:
0280 Offsetting collections.......... 310 323 344
Cash outgo during year:
0500 Overseas private investment
corporation noncredit account... -41 -53 -55
0645 Balance transferred, net.......... 57 -67 -45
Unexpended balance, end of year:
0700 Treasury balance.................. 21 16 23
U.S. Securities:
0701 Par value....................... 2,833 3,047 3,284
0702 Unrealized discounts............ -14 -20 -20
--------- --------- ----------
0799 Total balance, end of year...... 2,840 3,043 3,287
---------------------------------------------------------------------------
INSURANCE PROGRAM ACTIVITY
[In millions 1997 actual 1998 actual 1999 est. 2000 est.
Aggregate insurance outstanding, start of year.. 31,395 26,579 26,234 26,045
Aggregate insurance issued during year.......... 3,732 4,842 5,000 6,000
Aggregate insurance reductions and cancellations -8,548 -5,187 -5,190 -5,152
------------------------------------------------
Aggregate insurance outstanding, end of year.... 26,579 26,234 26,045 26,892
Net growth/(decline) of portfolio............... -4,816 -345 -190 848
Net growth rate of insurance portfolio (in
percent).................................... -15.34 -1.30 -0.72 3.26
------------------------------------------------
STATUS OF INSURANCE AUTHORITY
[In millions 1997 actual 1998 actual 1999 est. 2000 est.
Statutory authority limitation \1\.............. 23,000 29,000 29,000 29,000
Maximum contingent liability, end of year....... 12,137 11,852 12,573 12,982
Estimated potential exposure to claims, end of
year........................................ 7,172 6,876 7,436 7,678
================================================
\1\ This is a combined insurance and finance limitation. OPIC will
monitor issuance and runoff to stay within the limitation.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 6 6 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......... 2 2 2
25.2 Other services.................... 2 3 3
25.3 Purchases of goods and services
from Government accounts........ 19 21 20
42.0 Insurance claims and indemnities.. 50 40 60
--------- --------- ----------
99.9 Total new obligations........... 82 75 95
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 71-4184-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
2001 Total compensable workyears: Full-
time equivalent employment...... 77 77 88
---------------------------------------------------------------------------
Credit accounts:
Overseas Private Investment Corporation Program Account
For the cost of direct and guaranteed loans, [$50,000,000]
$24,000,000, 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 [1999 and 2000] 2000 and 2001:
Provided further, That such sums shall remain available through fiscal
year [2007] 2008 for the disbursement of direct and guaranteed loans
obligated in fiscal year [1999] 2000, and through fiscal year [2008]
2009 for the disbursement of direct and guaranteed loans obligated in
fiscal year [2000] 2001: Provided further, That 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, 1999, as included in Public Law 105-277, section
101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-0100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 12 15 14
00.02 Guaranteed loan subsidy........... 15 35 10
00.09 Credit administrative expenses.... 19 21 21
--------- --------- ----------
[[Page 1016]]
10.00 Total new obligations........... 46 71 45
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 87 7 56
22.00 New budget authority (gross)...... 24 126 45
22.10 Resources available from
recoveries of prior year
obligations..................... 5 2
22.21 Unobligated balance transferred to
other accounts.................. -19
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 97 133 103
23.95 Total new obligations............. -46 -71 -45
23.98 Unobligated balance expiring...... -44 -6
24.40 Unobligated balance available, end
of year......................... 7 56 58
----------------------------------------------------------------------------
New budget authority (gross), detail:
42.00 Transferred from other accounts... 24 126 45
--------- --------- ----------
43.00 Appropriation (total)........... 24 126 45
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 127 105 117
73.10 Total new obligations............. 46 71 45
73.20 Total outlays (gross)............. -63 -58 -73
73.45 Adjustments in unexpired accounts. -5 -2
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 105 117 87
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 19 24 22
86.93 Outlays from current balances..... 44 35 50
--------- --------- ----------
87.00 Total outlays (gross)........... 63 58 73
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 24 126 45
90.00 Outlays........................... 63 58 73
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 71-0100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct loan levels................ 133 136 130
--------- --------- ----------
1159 Total direct loan levels........ 133 136 130
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 3.00 11.00 11.00
--------- --------- ----------
1329 Weighted average subsidy rate... 3.00 11.00 11.00
Direct loan subsidy budget authority:
1330 Subsidy budget authority.......... 4 15 14
--------- --------- ----------
1339 Total subsidy budget authority.. 4 15 14
Direct loan subsidy outlays:
1340 Subsidy outlays................... 6 8 10
--------- --------- ----------
1349 Total subsidy outlays........... 6 8 10
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 1,800 1,750 1,000
--------- --------- ----------
2159 Total loan guarantee levels..... 1,800 1,750 1,000
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 3.00 1.50 1.00
--------- --------- ----------
2329 Weighted average subsidy rate... 3.00 1.50 1.00
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 56 35 46
--------- --------- ----------
2339 Total subsidy budget authority.. 56 35 46
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 29 29 40
--------- --------- ----------
2349 Total subsidy outlays........... 29 29 40
----------------------------------------------------------------------------
Administrative expense data:
3510 Budget authority.................. 19 20 21
3590 Outlays from new authority........ 19 20 21
---------------------------------------------------------------------------
The Overseas Private Investment Corporation encourages the
participation of United States private sector 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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 7 8 9
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 (contracts)........ 4 5 5
41.0 Grants, subsidies, and
contributions................... 27 50 24
--------- --------- ----------
99.0 Subtotal, direct obligations.. 44 69 44
99.5 Below reporting threshold......... 2 2 1
--------- --------- ----------
99.9 Total new obligations........... 46 71 45
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 71-0100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 115 115 132
---------------------------------------------------------------------------
Overseas Private Investment Corporation Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4074-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 66 121 116
00.02 Direct program.................... 11 15 14
--------- --------- ----------
10.00 Total new obligations........... 77 136 130
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 13 19
22.00 New financing authority (gross)... 104 139 131
22.10 Resources available from
recoveries of prior year
obligations..................... 9
22.60 Redemption of debt................ -30 -22
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 96 136 131
23.95 Total new obligations............. -77 -136 -130
24.40 Unobligated balance available, end
of year......................... 19
----------------------------------------------------------------------------
New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 66 121 116
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 54 31 34
68.47 Portion applied to debt
reduction..................... -16 -13 -19
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 38 18 15
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 104 139 131
----------------------------------------------------------------------------
[[Page 1017]]
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Obligated balance, start of year 68 110 186
72.95 Receivables from program account 4 4 4
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 72 114 190
73.10 Total new obligations............. 77 136 130
73.20 Total financing disbursements
(gross)......................... -26 -60 -70
73.45 Adjustments in unexpired accounts. -9
Unpaid obligations, end of year:
74.40 Obligated balance, end of year.. 110 186 246
74.95 Receivables from program account 4 4 4
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 114 190 250
87.00 Total financing disbursements
(gross)......................... 26 60 70
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -6 -9 -10
Non-Federal sources:
88.40 Repayments of Principal..... -40 -12 -14
88.40 Interest received on loans.. -7 -8 -8
88.40 Fees........................ -1 -2 -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -54 -31 -34
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 50 108 97
90.00 Financing disbursements........... -28 29 36
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4074-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........
1131 Direct loan obligations exempt
from limitation................. 76 136 130
--------- --------- ----------
1150 Total direct loan obligations... 76 136 130
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 83 69 117
1231 Disbursements: Direct loan
disbursements................... 26 60 70
1251 Repayments: Repayments and
prepayments..................... -40 -12 -14
--------- --------- ----------
1290 Outstanding, end of year........ 69 117 173
---------------------------------------------------------------------------
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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 14 29 4 3
Investments in US securities:
1106 Receivables, net.............. 4 8 8 8
1206 Non-Federal assets: Receivables,
net............................. 2 2 2
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 83 63 112 168
1402 Interest receivable............. 1 1 1 1
1404 Foreclosed property.............
1405 Allowance for subsidy cost (-).. -13 -20 -20 -20
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 71 44 93 149
------------ -------------- ------------ -------------
1999 Total assets.................... 89 83 107 162
LIABILITIES:
Federal liabilities:
2101 Accounts payable................ 4 4 4
2102 Interest payable................
2103 Debt............................ 84 74 98 153
2105 Other Federal liabilities....... 3 4 4 4
2207 Non-Federal liabilities: Other.... 2 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 89 83 107 162
NET POSITION:
3300 Cumulative results of operations..
------------ -------------- ------------ -------------
3999 Total net position..............
------------ -------------- ------------ -------------
4999 Total liabilities and net position 89 83 107 162
-----------------------------------------------------------------------------------------------
Overseas Private Investment Corporation Guaranteed Loan Financing
Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4075-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Default claims.................... 7 50 50
00.02 Capitalized costs................. 2 3 3
--------- --------- ----------
10.00 Total new obligations........... 9 53 53
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 181 275 335
22.00 New financing authority (gross)... 103 113 131
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 284 388 466
23.95 Total new obligations............. -9 -53 -53
24.40 Unobligated balance available, end
of year......................... 275 335 413
----------------------------------------------------------------------------
New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 103 113 131
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 4 3 3
73.10 Total new obligations............. 9 53 53
73.20 Total financing disbursements
(gross)......................... -10 -53 -53
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 3 3 3
87.00 Total financing disbursements
(gross)......................... 10 53 53
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -29 -29 -41
88.25 Interest on uninvested funds.. -13 -14 -15
Non-Federal sources:
88.40 Claim recoveries............ -5 -5 -5
88.40 Fees........................ -56 -65 -70
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -103 -113 -131
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -93 -60 -78
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4075-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 1,800 1,750 1,100
2131 Guaranteed loan commitments exempt
from limitation................. 618 850 1,000
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 2,418 2,600 2,100
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 1,981 2,613 3,163
2231 Disbursements of new guaranteed
loans........................... 760 950 1,000
2251 Repayments and prepayments........ -121 -350 -450
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -7 -50 -50
--------- --------- ----------
2290 Outstanding, end of year........ 2,613 3,163 3,663
----------------------------------------------------------------------------
[[Page 1018]]
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 2,613 3,163 3,663
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 18 21 56
2331 Disbursements for guaranteed
loan claims................... 8 50 50
2351 Repayments of loans receivable.. -5 -15 -20
--------- --------- ----------
2390 Outstanding, end of year...... 21 56 86
---------------------------------------------------------------------------
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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 188 279 338 413
1206 Non-Federal assets: Receivables,
net............................. 9 31 17 17
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501 Defaulted guaranteed loans
receivable, gross............. 16 21 56 86
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............ 16 21 56 86
------------ -------------- ------------ -------------
1999 Total assets.................... 213 331 411 516
LIABILITIES:
2103 Federal liabilities: Debt......... 4
Non-Federal liabilities:
2204 Liabilities for loan guarantees. 170 298 343 418
2207 Other non-fed................... 25 21 56 86
------------ -------------- ------------ -------------
2999 Total liabilities............... 199 319 399 504
NET POSITION:
3300 Cumulative results of operations.. 14 12 12 12
------------ -------------- ------------ -------------
3999 Total net position.............. 14 12 12 12
------------ -------------- ------------ -------------
4999 Total liabilities and net position 213 331 411 516
-----------------------------------------------------------------------------------------------
Overseas Private Investment Corporation Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 2 15 12
--------- --------- ----------
10.00 Total obligations (object class
43.0)......................... 2 15 12
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 116 57
22.00 New budget authority (gross)...... 20 15 12
22.10 Resources available from
recoveries of prior year
obligations..................... 4
22.21 Unobligated balance transferred to
other accounts.................. -81 -57
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 59 15 12
23.95 Total new obligations............. -2 -15 -12
24.40 Unobligated balance available, end
of year......................... 57
----------------------------------------------------------------------------
New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 20 15 12
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 4
73.10 Total new obligations............. 2 15 12
73.20 Total outlays (gross)............. -2 -15 -12
73.45 Adjustments in unexpired accounts. -4
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 2 15 12
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on U.S. securities... -3 -3
88.40 Non-Federal sources........... -17 -12 -12
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -20 -15 -12
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -18
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
U.S. securities: Par value...... 35 35
92.02 Total investments, end of year:
U.S. securities: Par value...... 35
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 37 22 14
1231 Disbursements: Direct loan
disbursements...................
1251 Repayments: Repayments and
prepayments..................... -13 -6 -7
1264 Write-offs for default: Other
adjustments, net................ -2 -2 -2
--------- --------- ----------
1290 Outstanding, end of year........ 22 14 5
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 141 81 28
2231 Disbursements of new guaranteed
loans...........................
2251 Repayments and prepayments........ -60 -40 -10
2263 Adjustments: Terminations for
default that result in claim
payments........................ -13 -16
--------- --------- ----------
2290 Outstanding, end of year........ 81 28 2
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 81 28 2
---------------------------------------------------------------------------
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 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 12 13 12 12
0102 Expense........................... -2 -2 -2 -2
------------ -------------- ------------ -------------
0109 Net income or loss (-)............ 10 11 10 10
-----------------------------------------------------------------------------------------------
[[Page 1019]]
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 71-4030-0-3-151 1997 actual 1998 actual 1999 est. 2000 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 86 27 4 4
Investments in US securities:
1102 Treasury securities, par...... 35 35
1106 Receivables, net.............. 1 1 1 1
1206 Non-Federal assets: Receivables,
net............................. 1 1 1
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601 Direct loans, gross............. 37 22 14 5
1603 Allowance for estimated
uncollectible loans and
interest (-).................. -14 -16 -14 -5
1604 Direct loans and interest
receivable, net............... 23 6
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 23 6
1706 Foreclosed property............. 2 2 2
------------ -------------- ------------ -------------
1999 Total assets.................... 147 72 8 6
LIABILITIES:
2104 Federal liabilities: Resources
payable to Treasury.............
2207 Non-Federal liabilities: Other.... 11 10 7 5
------------ -------------- ------------ -------------
2999 Total liabilities............... 11 10 7 5
NET POSITION:
3200 Invested capital.................. 50 50
3300 Cumulative results of operations.. 86 12 1 1
------------ -------------- ------------ -------------
3999 Total net position.............. 136 62 1 1
------------ -------------- ------------ -------------
4999 Total liabilities and net position 147 72 8 6
-----------------------------------------------------------------------------------------------
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, [$44,000,000] $48,000,000, to remain
available until September 30, [2000] 2001: 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,
[2000] 2001, 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,
1999, as included in Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-1001-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Feasibility studies, and other
activities...................... 56 55 41
00.02 Operating expenses................ 6 6 7
--------- --------- ----------
10.00 Total new obligations........... 62 61 48
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 13 17
22.00 New budget authority (gross)...... 60 44 48
22.10 Resources available from
recoveries of prior year
obligations..................... 5
22.22 Unobligated balance transferred
from other accounts............. 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 81 61 48
23.95 Total new obligations............. -62 -61 -48
24.40 Unobligated balance available, end
of year......................... 17
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 42 44 48
42.00 Transferred from other accounts... 18
--------- --------- ----------
43.00 Appropriation (total)........... 60 44 48
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 80 86 87
73.10 Total new obligations............. 62 61 48
73.20 Total outlays (gross)............. -51 -60 -57
73.45 Adjustments in unexpired accounts. -5
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 86 87 78
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 11 12 13
86.93 Outlays from current balances..... 40 48 43
--------- --------- ----------
87.00 Total outlays (gross)........... 51 60 57
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 60 44 48
90.00 Outlays........................... 50 60 57
---------------------------------------------------------------------------
Appropriated funds provide for the costs of the U.S. Trade and
Development Agency (TDA), which include: program costs of grants for
feasibility studies and other project planning activities; and, the cost
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 2 2 3
12.1 Civilian personnel benefits....... 1 1 1
25.1 Advisory and assistance services.. 3 3 3
41.0 Grants, subsidies, and
contributions................... 56 55 40
--------- --------- ----------
99.0 Subtotal, direct obligations.. 62 61 47
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total new obligations........... 62 61 48
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 11-1001-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 35 41 43
---------------------------------------------------------------------------
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), [$240,000,000] $270,000,000, 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] \1\ funds appropriated under
this heading shall remain available until September 30, [2000] 2001.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)
\1\ The Administration proposes to delete this provision and will
work with Congress to address this issue.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Growth in Volunteer corps....... 6 17
[[Page 1020]]
00.02 Africa region................... 53 52 53
00.03 Europe, Mediterranean & Asia
region........................ 36 38 38
00.04 Inter-America & Pacific region.. 39 39 39
00.05 Other volunteer support......... 101 109 127
09.01 Reimbursable program.............. 7 7 7
--------- --------- ----------
10.00 Total new obligations........... 236 251 281
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 7 7 4
22.00 New budget authority (gross)...... 235 249 278
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 244 256 282
23.95 Total new obligations............. -236 -251 -281
23.98 Unobligated balance expiring...... -1 -1 -1
24.40 Unobligated balance available, end
of year......................... 7 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 222 240 270
42.00 Transferred from other accounts. 4 1
--------- --------- ----------
43.00 Appropriation (total)......... 226 241 270
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 9 8 8
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 235 249 278
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 59 60 62
73.10 Total new obligations............. 236 251 281
73.20 Total outlays (gross)............. -226 -248 -278
73.40 Adjustments in expired accounts... -7
73.45 Adjustments in unexpired accounts. -2
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 60 62 65
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 179 193 216
86.93 Outlays from current balances..... 40 48 54
86.97 Outlays from new permanent
authority....................... 7 8 8
--------- --------- ----------
87.00 Total outlays (gross)........... 226 248 278
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -8 -7 -7
88.40 Non-Federal sources........... -1 -1 -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -9 -8 -8
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 226 241 270
90.00 Outlays........................... 216 240 270
---------------------------------------------------------------------------
Peace Corps' operating expenses will provide direct and indirect
support for an average of 6,090 Americans engaged in voluntary services
in 80 countries worldwide in 1999. The Volunteers help fill the trained
manpower needs of developing countries and encourage self-sustaining
development of skilled manpower. The 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 benefits
of volunteerism. Peace Corps Volunteers work primarily in the areas of
agriculture, education, economic development, health, and environment.
Growth in the Volunteer Corps.--This FY 1999 presidential initiative
will support the Peace Corps' efforts to place a total of 4,200 new
trainees in the field in 2000 and will put the Peace Corps on a path to
a Volunteer corps of 10,000 in the new century.
Africa Region.--The Africa Region will support 1,404 new trainees
and an average of 2,205 Volunteers during 1999. These Volunteers and
trainees will work in 26 sub-Saharan countries.
Europe, Mediterranean, and Asia Region.--In 1999 an average of 1,872
Volunteers will work in 24 countries in Eastern and Central Europe, the
former Soviet Union, North Africa, and Asia. The region will support
1,344 new trainees.
Inter-America and Pacific Region.--An average of 1,931 Volunteers
will work in 30 countries in the Caribbean, Central America, South
America, and the Pacific. This office will also fund 1,240 new trainees
in 1999.
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 45 49 52
11.3 Other than full-time permanent 2 1 1
11.5 Other personnel compensation.. 1 1 1
11.8 Trainees and volunteers....... 20 22 26
--------- --------- ----------
11.9 Total personnel compensation 68 73 80
12.1 Civilian personnel benefits..... 41 44 47
21.0 Travel and transportation of
persons....................... 25 29 31
22.0 Transportation of things........ 4 4 5
23.1 Rental payments to GSA.......... 6 6 7
23.2 Rental payments to others....... 7 7 7
23.3 Communications, utilities, and
miscellaneous charges......... 6 8 10
24.0 Printing and reproduction....... 1 1 1
25.2 Other services.................. 35 38 41
25.3 Purchases of goods and services
from Government accounts...... 8 6 9
25.4 Operation and maintenance of
facilities.................... 1 1 1
25.6 Medical care.................... 11 9 12
25.7 Operation and maintenance of
equipment..................... 1 1 2
26.0 Supplies and materials.......... 8 8 9
31.0 Equipment....................... 7 8 11
--------- --------- ----------
99.0 Subtotal, direct obligations.. 229 243 273
99.0 Reimbursable obligations.......... 6 6 6
99.5 Below reporting threshold......... 1 2 2
--------- --------- ----------
99.9 Total new obligations........... 236 251 281
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 11-0100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct:
1001 Total compensable workyears: Full-
time equivalent employment...... 1,046 1,157 1,189
Reimbursable:
2001 Total compensable workyears: Full-
time equivalent employment...... 6 5 5
---------------------------------------------------------------------------
Peace Corps Miscellaneous Trust Funds
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-9972-0-7-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............
Receipts:
02.01 Miscellaneous trust funds, Peace
Corps........................... 1 1 1
Appropriation:
05.01 Peace Corps miscellaneous trust
fund............................ -1 -1 -1
07.99 Total balance, end of year........
---------------------------------------------------------------------------
[[Page 1021]]
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-9972-0-7-151 1998 actual 1999 est. 2000 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................... 1 1 1
22.00 New budget authority (gross)...... 1 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2 2 2
23.95 Total new obligations............. -1 -1 -1
24.40 Unobligated balance available, end
of year......................... 1 1 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 1 1 1
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total 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........................... 2 1 1
---------------------------------------------------------------------------
Miscellaneous contributions received by gift, devise, bequest, or
from foreign governments are used for the 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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 3 3 3
---------------------------------------------------------------------------
INTER-AMERICAN FOUNDATION
Federal Funds
General and special funds:
Inter-American Foundation
For expenses necessary to carry out the functions of the Inter-
American Foundation in accordance with the provisions of section 401 of
the Foreign Assistance Act of 1969, $22,300,000, to remain available
until September 30, 2001.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-3100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Development grants................ 19 19 20
00.02 Development research and
dissemination................... 1 1 1
00.03 In-country support................ 4 2 3
00.04 Program management and operations. 7 7 7
--------- --------- ----------
10.00 Total new obligations........... 31 29 31
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 18 25 25
22.00 New budget authority (gross)...... 38 29 31
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 56 54 56
23.95 Total new obligations............. -31 -29 -31
24.40 Unobligated balance available, end
of year......................... 25 25 25
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 22
42.00 Transferred from other accounts. 22 20
--------- --------- ----------
43.00 Appropriation (total)......... 22 20 22
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 16 9 9
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 38 29 31
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 19 29 28
73.10 Total new obligations............. 31 29 31
73.20 Total outlays (gross)............. -20 -29 -31
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 29 28 28
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 8 10 11
86.93 Outlays from current balances..... 4 11 11
86.97 Outlays from new permanent
authority....................... 5 3 3
86.98 Outlays from permanent balances... 3 5 6
--------- --------- ----------
87.00 Total outlays (gross)........... 20 29 31
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -16 -9 -9
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 22 20 22
90.00 Outlays........................... 4 20 22
---------------------------------------------------------------------------
Established by the 1969 Foreign Assistance Act, the Inter-American
Foundation supports grassroots development initia- tives 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 2000, the IAF will continue its
new strategic programming approach which emphasizes: (1) building
partnerships among grassroots organizations, non-governmental
organizations, local governments, and private enterprises to foster
social and economic development at the local level; and, (2) expanding
access to private business 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 best
practices and lessons for the benefit of the major development funders,
new private sector contributors and development practitioners. Using
information derived from the results system based on the grassroots
development framework, and from grant evaluations identifying good
practice and lessons, the Foundation will systematically incorporate
lessons learned back into the Foundation's strategic planning and grant
decision-making processes. It will disseminate the results assessment
system and development information to partner organizations in the
region, to other donors and enterprises supporting development
activities, and to grassroots practitioners. The Foundation will also
implement an integrated program management information system which will
increase efficiency in its operations and facilitate grant monitoring
and results reporting.
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
2000, the Foundation plans to award approximately 100 grants and 20
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.
[[Page 1022]]
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, rent, service contracts, and
other support costs.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-3100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... 3 4 4
12.1 Civilian personnel benefits....... 1 1 1
21.0 Travel and transportation of
persons......................... 1 1
23.2 Rental payments to others......... 1 1 1
25.1 Advisory and assistance services.. 5 2 3
41.0 Grants, subsidies, and
contributions................... 20 19 20
--------- --------- ----------
99.0 Subtotal, direct obligations.. 30 28 30
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total new obligations........... 31 29 31
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 11-3100-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 54 68 68
---------------------------------------------------------------------------
AFRICAN DEVELOPMENT FOUNDATION
Federal Funds
General and special funds:
African Development Foundation
To carry out Title V of the International Security and Development
Cooperation Act of 1980, Public Law 96-533, $14,400,000; to remain
available until September 30, 2001: 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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
Direct program:
00.01 Advance sustainable development
and empowerment of the poor in
Africa........................ 14 7 10
00.02 Enhance US assistance and
relations with Africa......... 1 1 1
00.03 Expand use of participatory
development policies and
practices..................... 2 2 2
00.04 Internal agency objectives...... 1 1 1
09.00 Reimbursable program.............. 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 19 12 15
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 4
22.00 New budget authority (gross)...... 15 12 15
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 19 12 15
23.95 Total new obligations............. -19 -12 -15
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.00 Appropriation................... 14
42.00 Transferred from other accounts. 14 11
--------- --------- ----------
43.00 Appropriation (total)......... 14 11 14
Permanent:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1 1 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 15 12 15
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 15 21 19
73.10 Total new obligations............. 19 12 15
73.20 Total outlays (gross)............. -12 -14 -16
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 21 19 18
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 4 5 6
86.93 Outlays from current balances..... 7 8 9
86.97 Outlays from new permanent
authority....................... 1 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 12 14 16
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -1 -1 -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 14 11 14
90.00 Outlays........................... 11 13 15
---------------------------------------------------------------------------
The African Development Foundation (ADF), a public corporation, is a
unique agency of the U.S. Government that supports community-based,
self-help initiatives to alleviate poverty and to promote sustainable
development in Africa. Through its grant program, ADF has pioneered
participatory development in Africa. Foundation grants are made directly
to private grassroots African groups and are premised on self-help to
foster self-reliance through the promotion of African leadership and
ownership of the development process.
In 2000, ADF will provide assistance to fourteen countries in
Africa. This budget request will fund the Foundation's operating costs
and almost 100 small grants to African non-governmental organizations,
community-based groups and researchers. ADF has three strategic goals.
Program Components:
(1) Advance sustainable development and empowerment of the poor
in Africa.--ADF will promote micro and small enterprise development
which will generate employment and enhance income. ADF will also
seek to improve community-based natural resource management for
sustainable rural development. Increasing participation of African
grassroots enterprises and producer groups in trade and investment
relationships with the U.S. and within Africa is another primary
focus of ADF. Finally, ADF will work to strengthen civil society and
local governance and to encourage African governments to expand
grassroots participation in policy-making and resource allocation
processes. Examples of projects which will be funded are: micro-
finance capital; business development services, training and
technical assistance; soil and water reclamation; civil education;
and advocacy training.
(2) Enhance U.S. assistance and relations with Africa.--ADF will
share its experience and encourage expanded U.S. funding for
participatory grassroots development, improve program and policy
coordination on grassroots development among U.S. foreign assistance
and foreign policy agencies, and leverage public and private
resources through strategic partnerships.
(3) Expand use of participatory development policies and
practices.--ADF will intensify its efforts to develop, evaluate and
disseminate new interventions and methodologies
[[Page 1023]]
for participatory development, and encourage African governments to
increase utilization of participatory development ``best
practices.''
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0700-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 2 2 2
41.0 Grants, subsidies, and
contributions................. 14 7 10
--------- --------- ----------
99.0 Subtotal, direct obligations.. 16 9 12
99.0 Reimbursable obligations.......... 1 1 1
99.5 Below reporting threshold......... 2 2 2
--------- --------- ----------
99.9 Total new obligations........... 19 12 15
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 11-0700-0-1-151 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 27 32 32
---------------------------------------------------------------------------
INTERNATIONAL MONETARY PROGRAMS
Federal Funds
General and special funds:
United States Quota in the International Monetary Fund
[For an increase in the United States quota in the International
Monetary Fund, the dollar equivalent of 10,622,500,000 Special Drawing
Rights, to remain available until expended.] (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1999, as included in
Public Law 105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0003-0-1-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Direct program.................... 262
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 262
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 14,054 20,902 35,845
22.00 New budget authority (gross)...... 14,943
22.10 Resources available from
recoveries of prior year
obligations..................... 7,378
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 21,432 35,845 35,845
23.95 Total new obligations............. -262
23.98 Unobligated balance expiring...... -268
24.40 Unobligated balance available, end
of year......................... 20,902 35,845 35,845
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 14,943
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 22,078 15,137 15,137
73.10 Total new obligations............. 262
73.20 Total outlays (gross)............. 175
73.45 Adjustments in unexpired accounts. -7,378
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 15,137 15,137 15,137
----------------------------------------------------------------------------
Outlays (gross), detail:
86.98 Outlays from permanent balances... -175
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 14,943
90.00 Outlays........................... -175
---------------------------------------------------------------------------
As part of a general increase in IMF quota resources, on November
17, 1998, the United States consented to an increase in its quota to SDR
37,149.3 million (about $52 billion). The increase in the U.S. quota
involves no net budget outlays. Similarly, use by the IMF of the quota
commitment does not result in net budget outlays because the United
States receives an increase in its international monetary reserves
corresponding to any transfer of dollars under the U.S. quota
subscription. The United States can use these interest-bearing reserves
to meet a balance of payments financing need.
For Loans to the International Monetary Fund--New Arrangements To Borrow
[For loans to the International Monetary Fund under section 17 of
the Bretton Woods Agreements Act pursuant to the New Arrangements to
Borrow, the dollar equivalent of 2,462,000,000 Special Drawing Rights,
to remain available until expended. In addition, the amounts
appropriated by title III of the Foreign Aid and Related Agencies
Appropriations Act, 1963 (Public Law 87-872) and section 1101(b) of the
Supplemental Appropriations Act, 1984 (Public Law 98-181) may also be
used under section 17 of the Bretton Woods Agreements Act pursuant to
the New Arrangements to Borrow.] (Foreign Operations, Export Financing,
and Related Programs Appropriation Act, 1999, as included in Public Law
105-277, section 101(d).)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0074-0-1-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct Program Activity........... 941
--------- --------- ----------
10.00 Total new obligations (object
class 33.0)................... 941
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 6,260 5,319 8,769
22.00 New budget authority (gross)...... 3,450
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 6,260 8,769 8,769
23.95 Total new obligations............. -941
24.40 Unobligated balance available, end
of year......................... 5,319 8,769 8,769
----------------------------------------------------------------------------
New budget authority (gross), detail:
40.00 Appropriation..................... 3,450
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 941 941
73.10 Total new obligations............. 941
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 941 941 941
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3,450
90.00 Outlays...........................
---------------------------------------------------------------------------
The General Arrangements to Borrow (GAB) were established in 1962 by
10 industrial countries, including the United States, as a means of
supplementing the IMF's resources when needed to forestall or cope with
an impairment of the international monetary system. GAB members agreed
in early 1983 to increase their financial commitments to the GAB from
approximately SDR 6.3 billion to SDR 17 billion, with the U.S. share
rising from $2.0 billion to approximately $6.4 billion at the October
1995 exchange rate.
In January 1997, the Executive Board of the IMF approved the
creation of the New Arrangements to Borrow (NAB) to further supplement
resources available to the IMF to forestall or cope with an impairment
of the international monetary system or to deal with an exceptional
situation that poses a threat to the stability of the system. The NAB
became effective on November 17, 1998. Twenty-five countries and
institutions participate in the NAB through a set of credit arrangements
with the IMF totaling SDR 34 billion (about $48 billion on the date of
establishment), of which the U.S. share is approximately SDR 6.7 billion
(about $9.4 billion). Although the GAB continues to exist, the sum of
loans advanced under the NAB and GAB cannot exceed SDR 34 bil
[[Page 1024]]
lion. The sum of U.S. loans advanced under both arrangements cannot
exceed the U.S. share of the NAB.
Financing extended by the United States under the GAB and NAB does
not result in any net budget outlays because such financing results in
an equivalent increase in U.S. international reserve assets in the form
of a claim on the IMF.
During 1998 (July), the IMF made one call on GAB participants in
support of an assistance program for Russia, of which the U.S. share was
approximately $483 million. This loan was outstanding at the end of the
fiscal year. No calls were made on NAB participants during 1998, and no
loans were outstanding at the end of the fiscal year. The United States
has consented to further prospective calls under the Russia program
totalling approximately $1,617 million. On December 15, 1998, the IMF
made a call on NAB participants in support of an assistance program for
Brazil, of which the U.S. share was approximately $860 million.
Contribution to the Enhanced Structural Adjustment Facility of the
International Monetary Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-0005-0-1-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 71 48 26
73.20 Total outlays (gross)............. -24 -22 -16
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 48 26 10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from current balances..... 24 22 16
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 24 22 16
---------------------------------------------------------------------------
The Enhanced Structural Adjustment Facility (ESAF) is an important
feature of United States' foreign economic policy in the developing
world. The relatively modest U.S. contribution to the facility helps to
leverage $15 billion in total concessional lending to developing and
transitional economies. ESAF promotes strong market-based economic and
financial reforms, catalyzes other sources of assistance, supports the
multilateral program for sustainable debt for the most heavily indebted
poor countries (HIPC), and advances the objectives of the
Administration's Partnership for Growth and Opportunity in Africa.
Countries that borrow from ESAF are usually required to adopt strong
multi-year economic and structural reform programs that foster a
transition to open, transparent, market-based economic activity. ESAF
programs advance critical U.S. interests in promoting economic growth,
financial stability, and the conditions essential to foster open and
accountable democratic institutions.
Created by the International Monetary Fund (IMF) in 1987, ESAF
provides financing on concessional terms to poor countries with
protracted balance of payments problems. These poor countries, most of
which are in Africa or were part of the former Soviet Union, generally
do not have access to private capital flows and are otherwise dependent
principally upon direct aid flows from official bilateral sources to
meet their external financing needs. ESAF obtains its resources from
members of the IMF through loans to the ESAF Trust or through
contributions to its interest subsidy account. In the late 1980's,
Congress authorized and appropriated $150 million for the U.S.
contributions to the initial ESAF interest subsidy account. In 1994 the
IMF membership agreed to an expanded and enlarged successor ESAF,
bringing the total amount available for loans to roughly $15 billion.
The Administration offered to contribute an additional $100 million to
the interest subsidy account to help support the enlarged loan capacity
under this expanded ESAF. This $100 million would outlay over a 15-year
period. The Congress authorized and appropriated $25 million of this
amount in 1995. There is still $75 million outstanding from this
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Reimbursable program.............. 1 8 10
--------- --------- ----------
10.00 Total obligations (object class
25.2)......................... 1 8 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 134 110 110
22.00 New budget authority (gross)...... 1 8 10
22.10 Resources available from
recoveries of prior year
obligations..................... 3
22.40 Capital transfer to general fund.. -27
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 111 118 120
23.95 Total new obligations............. -1 -8 -10
24.40 Unobligated balance available, end
of year......................... 110 110 110
----------------------------------------------------------------------------
New budget authority (gross), detail:
Current:
40.29 Appropriation available in prior
year.......................... 1 8 10
Permanent:
Spending authority from
offsetting collections:
68.00 Offsetting collections (cash). 53 56 10
68.27 Capital transfer to general
fund........................ -53 -56 -10
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)...................
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1 8 10
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 44 28 16
73.10 Total new obligations............. 1 8 10
73.20 Total outlays (gross)............. -14 -20 -15
73.45 Adjustments in unexpired accounts. -3
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 28 16 11
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new current authority 1 8 10
86.98 Outlays from permanent balances... 13 12 5
--------- --------- ----------
87.00 Total outlays (gross)........... 14 20 15
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -53 -56 -10
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -52 -48
90.00 Outlays........................... -39 -36 5
---------------------------------------------------------------------------
This fund shows the financing transactions related to the
procurement of defense articles prior to orders being placed by foreign
countries and international organizations. This program is being phased
out.
[[Page 1025]]
Trust Funds
Foreign Military Sales Trust Fund
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-8242-0-7-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Encumbered future receipts, start
of year......................... -18,111 -14,652 -12,742
Receipts:
02.01 Deposits, advances, foreign
military sales.................. 14,135 13,280 12,690
--------- --------- ----------
04.00 Total: Balances and collections... -3,976 -1,372 -52
Appropriation:
05.01 Foreign military sales trust fund. -10,676 -11,370 -10,020
07.99 Total balance, end of year........ -14,652 -12,742 -10,072
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-8242-0-7-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Military personnel................ 73 71 63
09.02 Operations and maintenance........ 266 217 191
09.03 Procurement....................... 8,387 9,674 8,544
09.04 Research, development, test and
evaluation...................... 37 17 15
09.05 Special defense acquisition fund.. 53 56
09.06 Revolving and management funds.... 1,423 892 786
09.07 Construction...................... 97 103 91
09.08 Other............................. 340 340 330
--------- --------- ----------
09.99 Total reimbursable program...... 10,676 11,370 10,020
--------- --------- ----------
10.00 Total obligations (object class
25.3)......................... 10,676 11,370 10,020
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 10,676 11,370 10,020
23.95 Total new obligations............. -10,676 -11,370 -10,020
----------------------------------------------------------------------------
New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 14,135 13,280 12,690
60.49 Portion applied to liquidate
contract authority.............. -14,135 -13,280 -12,690
--------- --------- ----------
63.00 Appropriation (total)...........
66.15 Contract authority (indefinite)... 10,676 11,370 10,020
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 10,676 11,370 10,020
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Obligated balance, start of year 5,919 6,044 6,044
72.49 Obligated balance, start of
year: Contract authority...... 18,111 14,652 12,742
--------- --------- ----------
72.99 Total unpaid obligations,
start of year............... 24,030 20,696 18,786
73.10 Total new obligations............. 10,676 11,370 10,020
73.20 Total outlays (gross)............. -14,010 -13,280 -12,690
Unpaid obligations, end of year:
74.40 Obligated balance, end of year.. 6,044 6,044 6,044
74.49 Obligated balance, end of year:
Contract authority............ 14,652 12,742 10,072
--------- --------- ----------
74.99 Total unpaid obligations, end
of year..................... 20,696 18,786 16,116
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 1,611 1,527 1,459
86.98 Outlays from permanent balances... 12,399 11,753 11,231
--------- --------- ----------
87.00 Total outlays (gross)........... 14,010 13,280 12,690
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 10,676 11,370 10,020
90.00 Outlays........................... 14,010 13,280 12,690
---------------------------------------------------------------------------
Status of Contract Authority (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-8242-0-7-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
0100 Balance, start of year............ 18,111 14,652 12,742
Contract authority:
0200 Contract authority................ 10,676 11,370 10,020
0400 Appropriation to liquidate
contract authority.............. -14,135 -13,280 -12,690
0700 Balance, end of year.............. 14,652 12,742 10,072
---------------------------------------------------------------------------
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):
ESTIMATES OF NEW SALES
1998 actual 1999 est. 2000 est.
Estimates of new orders (sales)..... 8,600 10,800 9,000
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 millions of dollars):
FMS TRUST FUND TRANSACTIONS
1998 actual 1999 est. 2000 est.
Obligations of the fund............. 10,676 11,370 10,020
Receipts from foreign governments
(appropriation)..................... -14,135 -13,280 -12,690
------------------------------------
Net budget authority............ -3,459 -1,910 -2,670
====================================
Payments from the fund (outlays).... 14,010 13,280 12,690
Receipts from foreign governments
(appropriation)..................... -14,135 -13,280 -12,690
------------------------------------
Net outlays..................... -25 0 0
====================================
Kuwait Civil Reconstruction Trust Fund
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-8238-0-7-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 1 3
06.10 Unobligated balance returned to
receipts........................ 1 2
07.99 Total balance, end of year........ 1 3 3
---------------------------------------------------------------------------
Unavailable Collections (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-8238-0-7-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
06.10 Unobligated balance returned to
receipts........................
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 11-8238-0-7-155 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 3 2
23.98 Unobligated balance expiring...... -1 -2
24.40 Unobligated balance available, end
of year......................... 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1
---------------------------------------------------------------------------
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. This program is being phased out.
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 3 3 3
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 3 3 3
----------------------------------------------------------------------------
[[Page 1026]]
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
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 1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year................... 1
----------------------------------------------------------------------------
Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance, start of year 1 1 1
74.40 Unpaid obligations, end of year:
Obligated balance, end of year.. 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.
General Fund Receipt Accounts
(in millions of dollars)
----------------------------------------------------------------------------
1998 actual 1999 est. 2000 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
11-146800 Interest on foreign
military credit sales............... 168 128
11-272330 Debt restructuring,
downward reestimates of subsidies... 14
11-272430 Foreign military financing,
downward reestimates of subsidies... 15 3
11-296800 Repayment of loans, foreign
military credit sales............... 534 371
11-310800 Return of contribution to
international buffer stocks.........
72-273030 Microenterprise and small
enterprise development, downward
reestimates of subsidies............ 1
72-273130 Assistance for the New
Independent States of the Former
Soviet Union: Ukraine export credit
insurance, downward reestimates..... 30
72-294100 Dollar repayments of loans,
Agency for International Development 1
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 732 503 30
---------------------------------------------------------------------------
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 percent 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. Notwithstanding section 614 of the Foreign Assistance Act
of 1961, 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, Anti-terrorism, 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.
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,
[[Page 1027]]
consults with and provides a written policy justification to the
Committees on Appropriations of the House of Representatives and the
Senate[: Provided, That the exercise of such authority shall be subject
to the regular notification procedures of the Committees on
Appropriations].
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, [1999] 2000, 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 15 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 [1999] 2000.
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 to do so 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, Brazil, Liberia, 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. (a) 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.]
[(b) The Secretary of the Treasury should instruct the United States
executive directors of international financial institutions listed in
subsection (a) of this section to use the voice and vote of the United
States to support the purchase of American produced agricultural
commodities with funds appropriated or made available pursuant to this
Act.]
notification requirements
Sec. [515] 513. (a) For the purposes 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'', ``Development assistance'', ``International Organizations and
Programs'', ``Trade and Development Agency'', ``International narcotics
control and law enforcement'', ``Assistance for Eastern Europe and the
Baltic States'', ``Assistance for the New Independent States of the
Former Soviet Union'', ``Economic Support Fund'', ``Peacekeeping
operations'', ``Operating expenses of the Agency for International
Development'', ``Operating expenses of the Agency for International
Development Office of Inspector General'', ``Nonproliferation, anti-
terrorism, demining and related programs'', ``Foreign Military Financing
Program'', ``International military education and training '', ``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 15 days in
advance: Provided, That the President shall not enter into any
commitment of funds appropriated for the purposes of section 23 of the
Arms Export Control Act for the provision of major defense equipment,
other than conventional ammunition, or other major defense items defined
to be aircraft, ships, missiles, or combat vehicles, not previously
justified to Congress or 20 percent in excess of the quantities
justified to Congress unless the Committees on Appropriations are
notified 15 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 percent 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
[[Page 1028]]
on Appropriations, may be waived if failure to do so would pose a
substantial risk to human health or welfare or that waiving such
requirement is in 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.
(b) 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. 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 section 307(a) of the Foreign Assistance Act of 1961, shall remain
available for obligation until September 30, [2000: Provided, That
section 307(a) of the Foreign Assistance Act of 1961, is amended by
inserting before the period at the end thereof ``, or at the discretion
of the President, Communist countries listed in section 620(f) of this
Act''] 2001.
new independent states of the former soviet union
Sec. [517] 515. [(a) None of the funds appropriated under the
heading ``Assistance for the New Independent States of the Former Soviet
Union'' shall be made available for assistance for a Government of the
New Independent States of the former Soviet Union--
(1) unless that Government is making progress in implementing
comprehensive economic reforms based on market principles, private
ownership, 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.
Assistance may be furnished without regard to this subsection if the
President determines that to do so is in the national interest.]
[(b) None of the funds appropriated under the heading ``Assistance
for the New Independent States of the Former Soviet Union'' shall be
made available for assistance for a 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.]
[(c) None of the funds appropriated under the heading ``Assistance
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,
demining or nonproliferation programs.]
[(d) Funds appropriated under the heading ``Assistance for the New
Independent States of the Former Soviet Union'' shall be subject to the
regular notification procedures of the Committees on Appropriations.]
[(e) 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.]
[(f)] Funds appropriated in this or prior appropriations Acts that
are or have been made available for an Enterprise Fund in the New
Independent States of the Former Soviet Union 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 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.
[(g) In issuing new task orders, entering into contracts, or making
grants, with funds appropriated in this Act or prior appropriations Acts
under the heading ``Assistance for the New Independent States of the
Former Soviet Union'' 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.]
[(h)(1) Withholding of Assistance.--None of the funds appropriated
by this Act may be made available for assistance for the Government of
the Russian Federation, after 180 days from the date of enactment of
this Act, until agreement has been reached that assistance provided with
funds appropriated by this Act will not be subject to customs duties or
that legislation has been enacted and is in force that exempts such
assistance from being subject to customs duties.
(2) Waiver.--Notwithstanding paragraph (1), assistance may be
provided for the Government of the Russian Federation if the President
determines that significant progress has been made on reaching an
agreement, or enacting and enforcing legislation, that meets the
objectives of this section to provide exemption from customs duties for
assistance furnished under this Act.]
prohibition on funding for abortions and involuntary sterilization
Sec. [518] 516. 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.
excess defense articles for central european countries
Sec. [519] 517. Section 105 of Public Law 104-164 (110 Stat. 1427)
is amended by striking [``1996 and 1997'' and inserting ``1999 and
2000''] ``as added by this Act, during each of the fiscal years 1999 and
2000,''.
[special notification requirements]
[Sec. 520. None of the funds appropriated by this Act shall be
obligated or expended for Colombia, Honduras, Haiti, Liberia, Pakistan,
Serbia, Sudan, or the Democratic Republic of Congo except as provided
through the regular notification procedures of the Committees on
Appropriations.]
definition of program, project, and activity
Sec. [521] 518. For the purpose of this Act, ``program, project, and
activity'' shall be defined at the appropriations Act account level and
shall include all appropriations and authorizations Acts earmarks,
ceilings, and limitations with the exception that for the following
accounts: Economic Support Fund and Foreign Military Financing Program,
``program, project, and activity'' shall also be considered to include
country, regional, and central program level funding within each such
account; for the development assistance accounts of the Agency for
International Development ``program, project, and activity'' shall also
be considered to include central program level funding, either as: (1)
justified to the Congress; or (2) allocated by the executive branch in
accordance with a report, to be provided to the Committees on
Appropriations within 30 days of enactment of this Act, as required by
section 653(a) of the Foreign Assistance Act of 1961.
[[Page 1029]]
child survival, aids, and other activities
Sec. [522] 519. Up to $10,000,000 of the funds made available by
this Act for assistance for family planning, health, child survival,
basic education, agriculture, environment, and AIDS and other infectious
diseases, 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, and to contract directly for the personal
services of individuals in the United States, for the purpose of
carrying out family planning activities, child survival [and]
agriculture, environment, basic education, [activities] and, health
activities, including activities relating to research on, and the
prevention, treatment and control of acquired immune deficiency syndrome
or other diseases in developing countries: Provided, That funds
appropriated by this Act that are made available for child survival
activities or disease programs including activities relating to research
on, and the prevention, 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 under title II of this Act may be made available
pursuant to section 301 of the Foreign Assistance Act of 1961 if a
primary purpose of the assistance is for child survival and related
programs: 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] 520. None of the funds appropriated or otherwise made
available pursuant to this Act shall be obligated to finance indirectly
any assistance or reparations to Cuba, Iraq, Libya, Iran, Syria, North
Korea, or the People's Republic of China, unless the President of the
United States certifies that the withholding of these funds is contrary
to the national interest of the United States.
[reciprocal leasing]
[Sec. 524. Section 61(a) of the Arms Export Control Act is amended
by striking out ``1998'' and inserting in lieu thereof ``the current
fiscal year''.]
[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.]
democracy in china
Sec. [527] 521. Notwithstanding any other provision of law that
restricts assistance to foreign countries, funds appropriated by this
Act for ``Economic Support Fund'' may be made available to provide
general support for nongovernmental organizations located outside the
People's Republic of China that have as their primary purpose fostering
democracy in that country, and for activities of nongovernmental
organizations located outside the People's Republic of China to foster
democracy in that country: Provided, That none of the funds made
available for activities to foster democracy in the People's Republic of
China may be made available for assistance to the government of that
country.
prohibition on bilateral assistance to terrorist countries
Sec. [528] 522. (a) Notwithstanding any other provision of law,
funds appropriated for bilateral assistance under any heading of this
Act and funds appropriated under any such heading in a provision of law
enacted prior to enactment of this Act, shall not be made available to
any country which the President determines--
(1) grants sanctuary from prosecution to any individual or group
which has committed an act of international terrorism, or
(2) otherwise supports international terrorism.
(b) The President may waive the application of subsection (a) to a
country if the President determines that national security or
humanitarian reasons justify such waiver. The President shall publish
each waiver in the Federal Register and, at least fifteen days before
the waiver takes effect, shall notify the Committees on Appropriations
of the waiver (including the justification for the waiver) in accordance
with the regular notification procedures of the Committees on
Appropriations.
(c) This section shall not apply to the provision of assistance from
funds appropriated under the headings ``Migration and Refugee
Assistance'' and ``United States Emergency Refugee and Migration and
Assistance Fund'', and assistance for relief and rehabilitation from
funds appropriated under the heading ``International Disaster
Assistance''.
commercial leasing of defense articles
Sec. [529] 523. 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. 530. 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. 531. 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. [532] 524. In order to enhance the continued participation of
nongovernmental organizations in economic assistance activities under
the Foreign Assistance Act of 1961, including endowments, debt-for-
development and debt-for-nature exchanges, a nongovernmental
organization which is a grantee or contractor of the Agency for
International Development may place in interest bearing accounts funds
made available under this Act or prior Acts or local currencies which
accrue to that organization as a result of economic assistance provided
under title II of this Act and any interest earned on such investment
shall be used for the purpose for which the assistance was provided to
that organization.
[separate accounts]
[Sec. 533. (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 ac
[[Page 1030]]
count 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 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 are repealed.
(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 least fifteen days prior to obligating any
such cash transfer or nonproject sector assistance, the President shall
submit a notification through the regular notification procedures of the
Committees on Appropriations, which shall include a detailed description
of how the funds proposed to be made available will be used, with a
discussion of the United States interests that will be served by the
assistance (including, as appropriate, a description of the economic
policy reforms that will be promoted by such assistance).
(4) Exemption.--Nonproject sector assistance funds may be exempt
from the requirements of subsection (b)(1) only through the notification
procedures of the Committees on Appropriations.]
compensation for united states executive directors to international
financial institutions
Sec. [534] 525. (a) No funds appropriated by this Act may be made as
payment to any international financial institution while the United
States Executive Director to such institution is compensated by the
institution at a rate which, together with whatever compensation such
Director receives from the United States, is in excess of the rate
provided for an individual occupying a position at level IV of the
Executive Schedule under section 5315 of title 5, United States Code, or
while any alternate United States Director to such institution is
compensated by the institution at a rate in excess of the rate provided
for an individual occupying a position at level V of the Executive
Schedule under section 5316 of title 5, United States Code.
(b) For purposes of this section, ``international financial
institutions'' are: the International Bank for Reconstruction and
Development, the Inter-American Development Bank, the Asian Development
Bank, the Asian Development Fund, the African Development Bank, the
African Development Fund, the International Monetary Fund, the North
American Development Bank, and the European Bank for Reconstruction and
Development.
compliance with united nations sanctions against iraq
Sec. [535] 526. 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 assistance to any country that is not in
compliance with the United Nations Security Council sanctions against
Iraq unless the President determines and so certifies to the Congress
that--
(1) such assistance is in the national interest of the United
States;
(2) such assistance will directly benefit the needy people in
that country; or
(3) the assistance to be provided will be humanitarian
assistance for foreign nationals who have fled Iraq and Kuwait.
competitive pricing for sales of defense articles
Sec. [536] 527. 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.
authorities for the peace corps, the inter-american foundation, the
african development foundation and the international fund for
agricultural development
Sec. [537] 528. (a) Unless expressly provided to the contrary,
provisions of this or any other Act, including provisions contained in
prior Acts authorizing or making appropriations for foreign operations,
export financing, and related programs, shall not be construed to
prohibit activities authorized by or conducted under the Peace Corps
Act, the Inter-American Foundation Act, or the African Development
Foundation Act. The appropriate agency shall promptly report to the
Committees on Appropriations whenever it is conducting activities or is
proposing to conduct activities in a country for which assistance is
prohibited.
(b) Unless expressly provided to the contrary, limitations on the
availability of funds for ``International Organizations and Programs''
in this or any other Act, including prior appropriations Acts, shall not
be construed to be applicable to the International Fund for Agricultural
Development.
impact on jobs in the united states
Sec. [538] 529. None of the funds appropriated by this Act may be
obligated or expended to provide--
(a) any financial incentive to a business enterprise currently
located in the United States for the purpose of inducing such an
enterprise to relocate outside the United States if such incentive
or inducement is likely to reduce the number of employees of such
business enterprise in the United States because United States
production is being replaced by such enterprise outside the United
States;
(b) assistance for the purpose of establishing or developing in
a foreign country any export processing zone or designated area in
which the tax, tariff, labor, environment, and safety laws of that
country do not apply, in part or in whole, to activities carried out
within that zone or area, unless the President determines and
certifies that such assistance is not likely to cause a loss of jobs
within the United States; or
(c) assistance for any project or activity that contributes to
the violation of internationally recognized workers rights, as
defined in section 502(a)(4) of the Trade Act of 1974, of workers in
the recipient country, including any designated zone or area in that
country: Provided, That in recognition that the application of this
subsection should be commensurate with the level of development of
the recipient country and sector, the provisions of this subsection
shall not preclude assistance for the informal sector in such
country, micro and small-scale enterprise, and smallholder
agriculture.
[Serbia-Montenegro and Kosova]
[Sec. 539. (a) Restrictions.--None of the funds in this or any other
Act may be made available to modify or remove any sanction, prohibition
or requirement with respect to Serbia-Montenegro unless
[[Page 1031]]
the President first submits to the Congress a certification described in
subsection (c).]
[(b) International Financial Institutions.--The Secretary of the
Treasury shall 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 any financial or
technical assistance or grants of any kind to the government of Serbia-
Montenegro, unless the President first submits to the Congress a
certification described in subsection (c).]
[(c) Certification.--A certification described in this subsection is
a certification that--
(1) there is substantial improvement in the human rights
situation in Kosova;
(2) international human rights observers are allowed to return
to Kosova;
(3) Serbian, Serbian-Montenegrin federal government officials,
and representatives of the ethnic Albanian community in Kosova have
agreed on and begun implementation of a negotiated settlement on the
future status of Kosova; and
(4) the government of Serbia-Montenegro is fully complying with
its obligations as a signatory to the General Framework Agreement
for Peace in Bosnia-Herzegovina including fully cooperating with the
International Criminal Tribunal for the Former Yugoslavia.]
[(d) Waiver Authority.--The President may waive the application, in
whole or in part, of subsections (a) and (b) if he certifies in writing
to the Congress that the waiver is necessary to meet emergency
humanitarian needs or to advance negotiations toward a peaceful
settlement of the conflict in Kosova that is acceptable to the parties.]
[(e) Exemption for Montenegro.--This section shall not apply to
Montenegro.]
special authorities
Sec. [540] 530. (a) Funds appropriated in titles I and II of this
Act that are made available for Afghanistan, Lebanon, Montenegro,
Kosovo, and for victims of war, displaced children, displaced Burmese,
and humanitarian assistance for Romania[, and humanitarian assistance
for the peoples of Kosova,] may be made available notwithstanding any
other provision of law.
(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 biodiversity conservation activities
and, subject to the regular notification procedures of the Committees on
Appropriations, energy programs aimed at reducing greenhouse gas
emissions: Provided, That such assistance shall be subject to sections
116, 502B, and 620A of the Foreign Assistance Act of 1961.
(c) 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.
(d)[(1)] Waiver.--The President may waive the provisions of section
1003 of Public Law 100-204 for any period of time if the President
determines and certifies in writing to the Speaker of the House of
Representatives and the President pro tempore of the Senate that it is
important to the national security interests of the United States.
[(2) Period of Application of Waiver.--Any waiver pursuant to
paragraph (1) shall be effective for no more than a period of six months
at a time and shall not apply beyond twelve months after enactment of
this Act.]
(e) During fiscal year 2000, the President may use up to $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.
[policy on terminating the arab league boycott of israel]
[Sec. 541. 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;
(2) the decision by the Arab League in 1997 to reinstate the
boycott against Israel was deeply troubling and disappointing;
(3) the Arab League should immediately rescind its decision on
the boycott and its members should develop normal relations with
their neighbor Israel; and
(4) the President should--
(A) take more concrete steps to encourage vigorously
Arab League countries to renounce publicly the primary
boycotts of Israel and the secondary and tertiary boycotts
of American firms that have commercial relations with Israel
as a confidence-building measure;
(B) take into consideration the participation of any
recipient country in the primary boycott of Israel and the
secondary and tertiary boycotts of American firms that have
commercial relations with Israel when determining whether to
sell weapons to said country;
(C) report to Congress on the specific steps being taken
by the President to bring about a public renunciation of the
Arab primary boycott of Israel and the secondary and
tertiary boycotts of American firms that have commercial
relations with Israel and to expand the process of
normalizing ties between Arab League countries and 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. [542(a)] 531. Of the funds appropriated 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.]
Section 534(c) of the Foreign Assistance Act of 1961 and the second and
third sentences of section 534(e) of that Act are repealed.
eligibility for assistance
Sec. [543] 532. (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, 10, and 11 of part I and chapter 4 of part II of the Foreign
Assistance Act of 1961, and from funds appropriated under the heading
``Assistance for Eastern Europe and the Baltic States'': 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 [1999] 2000, 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] the government of a country that violates
internationally recognized human rights.
earmarks
Sec. [544] 533. (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
[[Page 1032]]
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
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] 534. 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.
Earmarks or minimum funding requirements contained in any other Act
shall not be applicable to funds appropriated by this Act.
prohibition on publicity or propaganda
Sec. [546] 535. 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].
purchase of american-made equipment and products
Sec. [547. (a)] 536. To the maximum extent possible, assistance
provided under this Act should make full use of American resources,
including commodities, products, and services.
[(b) It is the sense of the Congress that, to the greatest extent
practicable, all agriculture commodities, equipment and products
purchased with funds made available in this Act should be American-
made.]
[(c) 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 (b) by the Congress.]
[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 or any other
comparable provision of law. 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 October 1, 1997.]
[(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 estimated
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. 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.]
war crimes tribunals drawdown
Sec. [554] 537. 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 $30,000,000 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 sixty days after the date
of enactment of this Act, and every one hundred eighty 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
[[Page 1033]]
to the United Nations War Crimes Tribunal for the former Yugoslavia[:
Provided further, That the drawdown made under this section for any
tribunal shall not be construed as an endorsement or precedent for the
establishment of any standing or permanent international criminal
tribunal or court: Provided further, That funds made available for
tribunals or commissions other than for Yugoslavia or Rwanda shall be
made available subject to the regular notification procedures of the
Committees on Appropriations].
landmines
Sec. [555] 538. 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 clearance of landmines
and unexploded ordnance for humanitarian purposes may be disposed of on
a grant basis in foreign countries, subject to such terms and conditions
as the President may prescribe.
[restrictions concerning the palestinian authority]
[Sec. 556. 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. [557] 539. 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.
[equitable allocation of funds]
[Sec. 558. Not more than 17 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.]
special debt relief for the poorest
Sec. [559] 540. (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;
(2) credits extended or guarantees issued under the Arms Export
Control Act; or
(3) any obligation or portion of such obligation for a Latin
American country, to pay for purchases of United States agricultural
commodities guaranteed by the Commodity Credit Corporation under
export credit guarantee programs authorized pursuant to section 5(f
) of the Commodity Credit Corporation Charter Act of June 29, 1948,
as amended, section 4(b) of the Food for Peace Act of 1966, as
amended (Public Law 89-808), or section 202 of the Agricultural
Trade Act of 1978, as amended (Public Law 95-501).
(b) Limitations.--
(1) The authority provided by subsection (a) may be exercised
only to implement multilateral official debt relief ad 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. [560] 541. (a) Loans Eligible for Sale, Reduction, or
Cancellation.--
(1) Authority to sell, reduce, or cancel certain loans.--
Notwithstanding any other provision of law, the President may, in
accordance with this section, sell to any eligible purchaser any
concessional loan or portion thereof made before January 1, 1995,
pursuant to the Foreign Assistance Act of 1961, to the government of
any eligible country as defined in section 702(6) of that Act or on
receipt of payment from an eligible purchaser, reduce or cancel such
loan or portion thereof, only for the purpose of facilitating--
(A) debt-for-equity swaps, debt-for-development swaps,
or debt-for-nature swaps; or
(B) a debt buyback by an eligible country of its own
qualified debt, only if the eligible country uses an
additional amount of the local currency of the eligible
country, equal to not less than 40 percent of the price paid
for such debt by such eligible country, or the difference
between the price paid for such debt and the face value of
such debt, to support activities that link conservation and
sustainable use of natural resources with local community
development, and child survival and other child development,
in a manner consistent with 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.
[[Page 1034]]
(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 ''.
[limitation on assistance for haiti]
[Sec. 561. (a) Limitation.--Funds appropriated by this Act may be
made available for assistance for the central Government of Haiti only
if the President reports to the Committee on Appropriations and the
Committee on International Relations of the House of Representatives and
the Committee on Appropriations and the Committee on Foreign Relations
of the Senate that the Government of Haiti--
(1) has completed privatization of (or placed under long-term
private management or concession) three major public entities
including the completion of all required incorporating documents,
the transfer of assets, and the eviction of unauthorized occupants
of the land or facility;
(2) has re-signed or is implementing the bilateral Repatriation
Agreement with the United States and in the preceding six months
that the central Government of Haiti is cooperating with the United
States in halting illegal emigration from Haiti;
(3) is conducting thorough investigations of extrajudicial and
political killings and has made substantial progress in bringing to
justice a person or persons responsible for one or more
extrajudicial or political killings in Haiti, and is cooperating
with United States authorities and with United States-funded
technical advisors to the Haitian National Police in such
investigations;
(4) has taken action to remove from the Haitian National Police,
national palace and residential guard, ministerial guard, and any
other public security entity or unit of Haiti those individuals who
are credibly alleged to have engaged in or conspired to conceal
gross violations of internationally recognized human rights or
credibly alleged to have engaged in or conspired to engage in
narcotics trafficking; and
(5) has ratified or is implementing the maritime counter-
narcotics agreements signed in October 1997.]
[(b) Availability of Electoral Assistance.--The limitation in
subsection (a) shall not apply to funds appropriated by this Act that
are made available to support elections in Haiti if the President
reports to the Congress that the central Government of Haiti:
(1) has achieved a transparent settlement of the contested April
1997 elections; and
(2) has made concrete progress on the constitution of a credible
and competent provisional electoral council that is acceptable to a
broad spectrum of political parties and civic groups.]
[(c) Exceptions.--The limitations in subsections (a) and (b) shall
not apply to the provision of--
(1) counter-narcotics assistance, support for the Haitian
National Police's Special Investigations Unit and anti-corruption
programs, the International Criminal Investigative Assistance
Program, and assistance in support of Haitian customs and maritime
officials;
(2) food assistance management and support;
(3) assistance for urgent humanitarian needs, such as medical
and other supplies and services in support of community health
services, schools, and orphanages; and
(4) not more than $3,000,000 for the development and support of
political parties and civic groups.]
[(d) Waiver.--At any time after 150 days from the date of enactment
of this Act, the Secretary of State may waive the requirements contained
in subsection (a)(1) if she reports to the Committees specified in
subsection (a) that the Government of Haiti has satisfied the
requirements of subsection (a)(1) with regard to one major public entity
and has satisfied the remaining requirements of subsection (a).]
[(e) Reports.--The Secretary of State shall provide to the
Committees specified in subsection (a) on a quarterly basis--
(1) in consultation with the Secretary of Defense and the
Administrator of the Drug Enforcement Administration, a report on
the status and number of United States personnel deployed in and
around Haiti on Department of Defense, Drug Enforcement
Administration, and United Nations missions, including displays by
functional or operational assignment for such personnel and the cost
to the United States of these operations; and
(2) the monthly reports, prepared during the previous quarter,
of the Organization of American States/United Nations International
Civilian Mission to Haiti (MICIVIH).]
[(f) Administration of Justice Assistance.--(1) The limitation in
subsection (a) shall not apply to funds appropriated under this Act that
are made available for the Ministry of Justice for the training of
judges if the President determines and reports to the Committee on
Appropriations and the Committee on Foreign Relations of the Senate, and
the Committee on Appropriations and the Committee on International
Relations of the House of Representatives, that Haiti's Minister of
Justice--
(A) has demonstrated a commitment to the professionalism of
judicial personnel by consistently placing students graduated by the
Judicial School in appropriate judicial positions and has made a
commitment to share program costs associated with the Judicial
School; and
(B) is making progress in making the judicial branch in Haiti
independent from the executive branch.
(2) The limitation in subsection (a) shall not apply to funds to
support the training of prosecutors, judicial mentoring, legal
assistance, and case management.]
[requirement for disclosure of foreign aid in report of secretary of
state]
[Sec. 562. (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 1998.]
[(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. 563. (a) Prohibition on Voluntary Contributions for the United
Nations.--None of the funds appropriated 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 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) 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.]
[burma labor report]
[Sec. 564. Not later than ninety days after enactment of this Act,
the Secretary of Labor shall provide to the Committees on Appropriations
a report addressing labor practices in Burma: Provided, That the report
shall provide comprehensive details on child labor practices, worker's
rights, forced relocation of laborers, forced labor
[[Page 1035]]
performed to support the tourism industry, and forced labor performed in
conjunction with, and in support of, the Yadonna gas pipeline: Provided
further, That the report should address whether the government is in
compliance with international labor standards: Provided further, That
the report should provide details regarding the United States
government's efforts to address and correct practices of forced labor in
Burma.]
haiti
Sec. [565] 542. 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].
[limitation on assistance to the palestinian authority]
[Sec. 566. (a) Prohibition of Funds.--None 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 may be obligated or expended with respect
to providing funds to the Palestinian Authority.]
[(b) Waiver.--The prohibition included in subsection (a) shall not
apply if the President certifies in writing to the Speaker of the House
of Representatives and the President pro tempore of the Senate that
waiving such prohibition is important to the national security interests
of the United States.]
[(c) Period of Application of Waiver.--Any waiver pursuant to
subsection (b) shall be effective for no more than a period of six
months at a time and shall not apply beyond twelve months after
enactment of this Act.]
[limitation on assistance to the government of croatia]
[Sec. 567. None of the funds appropriated by title II of this Act
may be made available to the Government of Croatia to relocate the
remains of Croatian Ustashe soldiers, at the site of the World War II
concentration camp at Jasenovac, Croatia.]
[limitation on assistance to security forces]
[Sec. 568. None of the funds made available by this Act may be
provided to any unit of the security forces of a foreign country if the
Secretary of State has credible evidence that such unit has committed
gross violations of human rights, unless the Secretary determines and
reports to the Committees on Appropriations that the government of such
country is taking effective measures to bring the responsible members of
the security forces unit to justice: Provided, That nothing in this
section shall be construed to withhold funds made available by this Act
from any unit of the security forces of a foreign country not credibly
alleged to be involved in gross violations of human rights: Provided
further, That in the event that funds are withheld from any unit
pursuant to this section, the Secretary of State shall promptly inform
the foreign government of the basis for such action and shall, to the
maximum extent practicable, assist the foreign government in taking
effective measures to bring the responsible members of the security
forces to justice.]
[limitations on transfer of military equipment to east timor]
[Sec. 569. In any agreement for the sale, transfer, or licensing of
any lethal equipment or helicopter for Indonesia entered into by the
United States pursuant to the authority of this Act or any other Act,
the agreement shall state that the United States expects that the items
will not be used in East Timor: Provided, That nothing in this section
shall be construed to limit Indonesia's inherent right to legitimate
national self-defense as recognized under the United Nations Charter and
international law.]
[restrictions on assistance to countries providing sanctuary to indicted
war criminals]
[Sec. 570. (a) Bilateral Assistance.--None of the funds made
available by this or any prior Act making appropriations for foreign
operations, export financing and related programs, may be provided for
any country, entity or canton described in subsection (e).]
[(b) Multilateral Assistance.--
(1) Prohibition.--The Secretary of the Treasury shall 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 any financial or technical
assistance or grants of any kind to any country or entity described
in subsection (e).
(2) Notification.--Not less than 15 days before any vote in an
international financial institution regarding the extension of
financial or technical assistance or grants to any country or entity
described in subsection (e), the Secretary of the Treasury, in
consultation with the Secretary of State, shall provide to the
Committee on Appropriations and the Committee on Foreign Relations
of the Senate and the Committee on Appropriations and the Committee
on Banking and Financial Services of the House of Representatives a
written justification for the proposed assistance, including an
explanation of the United States position regarding any such vote,
as well as a description of the location of the proposed assistance
by municipality, its purpose, and its intended beneficiaries.
(3) Definition.--The term ``international financial
institution'' includes the International Monetary Fund, the
International Bank for Reconstruction and Development, the
International Development Association, the International Finance
Corporation, the Multilateral Investment Guaranty Agency, and the
European Bank for Reconstruction and Development.]
[(c) Exceptions.--
(1) In general.--Subject to paragraph (2), subsections (a) and
(b) shall not apply to the provision of--
(A) humanitarian assistance;
(B) democratization assistance;
(C) assistance for cross border physical infrastructure
projects involving activities in both a sanctioned country,
entity, or canton and a nonsanctioned contiguous country,
entity, or canton, if the project is primarily located in
and primarily benefits the nonsanctioned country, entity, or
canton and if the portion of the project located in the
sanctioned country, entity, or canton is necessary only to
complete the project;
(D) small-scale assistance projects or activities
requested by United States Armed Forces that promote good
relations between such forces and the officials and citizens
of the areas in the United States SFOR sector of Bosnia;
(E) implementation of the Brcko Arbitral Decision;
(F) lending by the international financial institutions
to a country or entity to support common monetary and fiscal
policies at the national level as contemplated by the Dayton
Agreement; or
(G) direct lending to a non-sanctioned entity, or
lending passed on by the national government to a non-
sanctioned entity.
(H) assistance to the International Police Task Force
for the training of a civilian police force.
(2) Notification.--Every 30 days the Secretary of State, in
consultation with the Administrator of the Agency for International
Development, shall publish in the Federal Register and/or in a
comparable publicly accessible document or internet site, a listing
and justification of any assistance that is obligated within that
period of time for any country, entity, or canton described in
subsection (e), including a description of the purpose of the
assistance project and its location, by municipality.]
[(d) Further limitations.--Notwithstanding subsection (c)--
(1) no assistance may be made available by this Act, or any
prior Act making appropriations for foreign operations, export
financing and related programs, in any country, entity, or canton
described in subsection (e), for a program, project, or activity in
which a publicly indicted war criminal is known to have any
financial or material interest; and
(2) no assistance (other than emergency foods or medical
assistance or demining assistance) may be made available by this
Act, or any prior Act making appropriations for foreign operations,
export financing and related programs for any program, project, or
activity in a community within any country, entity or canton
described in subsection (e) if competent authorities within that
community are not complying with the provisions of Article IX and
Annex 4, Article II, paragraph 8 of the Dayton Agreement relating to
war crimes and the Tribunal.]
[(e) Sanctioned Country, Entity, or Canton.--A sanctioned country,
entity, or canton described in this section is one whose competent
authorities have failed, as determined by the Secretary of State, to
take necessary and significant steps to apprehend and transfer to the
Tribunal all persons who have been publicly indicted by the Tribunal.]
[(f) Waiver.--
(1) In general.--The Secretary of State may waive the
application of subsection (a) or subsection (b) with respect to
specified
[[Page 1036]]
bilateral programs or international financial institution projects
or programs in a sanctioned country, entity, or canton upon
providing a written determination to the Committee on Appropriations
and the Committee on Foreign Relations of the Senate and the
Committee on Appropriations and the Committee on International
Relations of the House of Representatives that such assistance
directly supports the implementation of the Dayton Agreement and its
Annexes, which include the obligation to apprehend and transfer
indicted war criminals to the Tribunal.
(2) Report.--Not later than 15 days after the date of any
written determination under paragraph (1) the Secretary of State
shall submit a report to the Committee on Appropriations and the
Committee on Foreign Relations of the Senate and the Committee on
Appropriations and the Committee on International Relations of the
House of Representatives regarding the status of efforts to secure
the voluntary surrender or apprehension and transfer of persons
indicted by the Tribunal, in accordance with the Dayton Agreement,
and outlining obstacles to achieving this goal; and
(3) Assistance programs and projects affected.--Any waiver made
pursuant to this subsection shall be effective only with respect to
a specified bilateral program or multilateral assistance project or
program identified in the determination of the Secretary of State to
Congress.]
[(g) Termination of Sanctions.--The sanctions imposed pursuant to
subsections (a) and (b) with respect to a country or entity shall cease
to apply only if the Secretary of State determines and certifies to
Congress that the authorities of that country, entity, or canton have
apprehended and transferred to the Tribunal all persons who have been
publicly indicted by the Tribunal.]
[(h) Definitions.--As used in this section--
(1) Country.--The term ``country'' means Bosnia-Herzegovina,
Croatia, Serbia, and Montenegro.
(2) Entity.--The term ``entity'' refers to the Federation of
Bosnia and Herzegovina and the Republika Srpska.
(3) Canton.--The term ``canton'' means the administrative units
in Bosnia and Herzegovina.
(4) Dayton agreement.--The term ``Dayton Agreement'' means the
General Framework Agreement for Peace in Bosnia and Herzegovina,
together with annexes relating thereto, done at Dayton, November 10
through 16, 1995.
(5) Tribunal.--The term ``Tribunal'' means the International
Criminal Tribunal for the Former Yugoslavia.]
[(i) Role of Human Rights Organizations and Government Agencies.--In
carrying out this section, the Secretary of State, the Administrator of
the Agency for International Development, and the executive directors of
the international financial institutions shall consult with
representatives of human rights organizations and all government
agencies with relevant information to help prevent publicly indicted war
criminals from benefitting from any financial or technical assistance or
grants provided to any country or entity described in subsection (e).]
Additional Requirements Relating To Stockpiling of Defense Articles For
Foreign Countries
[Sec. 571. (a) Value of Additions to Stockpiles.--Section
514(b)(2)(A) of the Foreign Assistance Act of 1961 (22 U.S.C.
2321h(b)(2)(A)) is amended by striking the word ``and'' after ``1997'',
and inserting in lieu thereof a comma and inserting before the period at
the end the following: ``and $340,000,000 for fiscal year 1999''.
(b) Requirements Relating to the Republic of Korea and Thailand.--
Section 514(b)(2)(B) of such Act (22 U.S.C. 2321h(b)(2)(B)) is amended
by adding at the end the following: ``Of the amount specified in
subparagraph (A) for fiscal year 1999, not more than $320,000,000 may be
made available for stockpiles in the Republic of Korea and not more than
$20,000,000 may be made available for stockpiles in Thailand.''.]
Sec. 543. (a) Value of Additions to Stockpiles.--Section
514(b)(2)(A) of the Foreign Assistance Act of 1961 (22 U.S.C.
2321h(b)(2)(A)) is amended by striking the following: ``$50,000,000 for
each of the fiscal years 1996 and 1997, $60,000,000 for fiscal year
1998, and'' and inserting in lieu thereof before the period at the end,
the following: ``and $60,000,000 for fiscal year 2000.''
(b) Requirements Relating to the Republic of Korea and Thailand.--
Section 514(b)(2)(B) of such Act (22 U.S.C. 2321h(b)(2)(B)) is amended
by striking the following: ``Of the amount specified in subparagraph (A)
for each of the fiscal years 1996 and 1997, not more than $40,000,000
may be made available for stockpiles in the Republic of Korea and not
more than $10,000,000 may be made available for stockpiles in Thailand.
Of the amount specified in subparagraph (A) for fiscal year 1998, not
more than $40,000,000 may be made available for stockpiles in the
Republic of Korea and not more than $20,000,000 may be made available
for stockpiles in Thailand.''; and at the end inserting the following
sentence: ``Of the amount specified in subparagraph (A) for FY 2000, not
more than $40,000,000 may be made available for stockpiles in the
Republic of Korea and not more than $20,000,000 may be made available
for stockpiles in Thailand.''.
[To Prohibit Foreign Assistance to the Government of Russia should it
enact laws which would discriminate against minority religious faiths in
the Russian Federation]
[Sec. 572. None of the funds appropriated under this Act may be made
available for the Government of Russian Federation, after 180 days from
the date of enactment of this Act, unless the President determines and
certifies in writing to the Committee on Appropriations and the
Committee on Foreign Relations of the Senate that the Government of the
Russian Federation has implemented no statute, executive order,
regulation or similar government action that would discriminate, or
would have as its principal effect discrimination, against religious
groups or religious communities in the Russian Federation in violation
of accepted international agreements on human rights and religious
freedoms to which the Russian Federation is a party.]
[Greenhouse Gas Emissions]
[Sec. 573. (a) Funds made available in this Act to support programs
or activities promoting country participation in the Kyoto Protocol to
the Framework Convention on Climate Change (FCCC) shall only be made
available subject to the regular notification procedures of the
Committees on Appropriations.]
[(b) The President shall provide a detailed account of all Federal
agency obligations and expenditures for climate change programs and
activities, domestic and international, for fiscal year 1998, planned
obligations for such activities in fiscal year 1999, and any plan for
programs thereafter related to the implementation or the furtherance of
protocols pursuant to, or related to negotiations to amend the FCCC in
conjunction with the President's submission of the Budget of the United
States Government for Fiscal Year 2000: Provided, That such report shall
include an accounting of expenditures by agency with each agency
identifying climate change activities and associated costs by line item
as presented in the President's Budget Appendix.]
withholding assistance to countries violating united nations sanctions
against libya
Sec. [574] 544. (a) Withholding of Assistance.--Except as provided
in subsection (b), whenever the President determines and certifies to
Congress that the government of any country is violating any sanction
against Libya imposed pursuant to United Nations Security Council
Resolution 731, 748, or 883, then not less than 5 percent of the funds
allocated for the country under section 653(a) of the Foreign Assistance
Act of 1961 out of appropriations in this Act shall be withheld from
obligation or expenditure for that country.
(b) Exception.--The requirement to withhold funds under subsection
(a) shall not apply to funds appropriated in this Act for allocation
under section 653(a) of the Foreign Assistance Act of 1961 for
development assistance or for humanitarian assistance.
(c) Waiver.--Funds may be provided for a country without regard to
subsection (a) if the President determines that to do so is in the
national security interest of the United States.
[aid to the government of the democratic republic of congo]
[Sec. 575. (a) None of the funds appropriated by this Act may be
provided for assistance for the central Government of the Democratic
Government of Congo until such time as the President reports in writing
to the Congress that the central Government is--
(1) investigating and prosecuting those responsible for human
rights violations committed in the Democratic Republic of Congo; and
(2) implementing a credible democratic transition program.]
[[Page 1037]]
[(b) This section shall not apply to assistance to promote democracy
and the rule of law as part of a plan to implement a credible democratic
transition program.]
[assistance for the middle east]
[Sec. 576. Of the funds appropriated by this Act under the headings
``Economic Support Fund'', ``Foreign Military Financing '',
``International Military Education and Training '', ``Peacekeeping
Operations'', for refugees resettling in Israel under the heading
``Migration and Refugee Assistance'', and for assistance for Israel to
carry out provisions of chapter 8 of part II of the Foreign Assistance
Act of 1961 under the heading ``Nonproliferation, Anti-Terrorism,
Demining, and Related Programs'', not more than a total of
$5,402,850,000 may be made available for Israel, Egypt, Jordan, Lebanon,
the West Bank and Gaza, the Israel-Lebanon Monitoring Group, the
Multinational Force and Observers, the Middle East Regional Democracy
Fund, Middle East Regional Cooperation, and Middle East Multilateral
Working Groups: Provided, That any funds that were appropriated under
such headings in prior fiscal years and that were at the time of
enactment of this Act obligated or allocated for other recipients may
not during fiscal year 1999 be made available for activities that, if
funded under this Act, would be required to count against this ceiling:
Provided further, That funds may be made available notwithstanding the
requirements of this section if the President determines and certifies
to the Committees on Appropriations that it is important to the national
security interest of the United States to do so and any such additional
funds shall only be provided through the regular notification procedures
of the Committees on Appropriations.]
[enterprise fund restrictions]
[Sec. 577. Prior to the distribution of any assets resulting from
any liquidation, dissolution, or winding up of an Enterprise Fund, in
whole or in part, the President shall submit to the Committees on
Appropriations, in accordance with the regular notification procedures
of the Committees on Appropriations, a plan for the distribution of the
assets of the Enterprise Fund.]
[Cambodia]
[Sec. 578. The Secretary of the Treasury should instruct the United
States executive directors of the international financial institutions
to use the voice and vote of the United States to oppose loans to the
Government of Cambodia, except loans to support basic human needs.]
export financing transfer authorities
Sec. [579] 545. Not to exceed 5 percent of any appropriation other
than for administrative expenses made available for fiscal year [1999]
2000 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.
[authorization for population planning]
[Sec. 580. (a) Not to exceed $385,000,000 of the funds appropriated
in title II of this Act may be available for population planning
activities or other population assistance.]
[(b) Such funds may be apportioned only on a monthly basis, and such
monthly apportionments may not exceed 8.34 percent of the total
available for such activities.]
[report on all united states military training provided to foreign
military personnel]
[Sec. 581. (a) The Secretary of Defense and the Secretary of State
shall jointly provide to the Congress by January 31, 1999, a report on
all military training provided to foreign military personnel under
programs administered by the Department of Defense and the Department of
State during fiscal years 1998 and 1999, including those proposed for
fiscal year 1999. This report shall include, for each such military
training activity, the foreign policy justification and purpose for the
training activity, the cost of the training activity, the number of
foreign students trained and their units of operation, and the location
of the training. In addition, this report shall also include, with
respect to United States personnel, the operational benefits to United
States forces derived from each such training activity and the United
States military units involved in each such training activity. This
report may include a classified annex if deemed necessary and
appropriate.]
[(b) For purposes of this section a report to Congress shall be
deemed to mean a report to the Appropriations and Foreign Relations
Committees of the Senate and the Appropriations and International
Relations Committees of the House of Representatives.]
korean peninsula energy development organization
Sec. [582. (a)] 546. [Of the funds] Funds made available under the
heading ``Nonproliferation, Anti-terrorism, Demining and Related
Programs'', [not to exceed $35,000,000] may be made available for the
Korean Peninsula Energy Development Organization (hereafter referred to
in this section as ``KEDO''), notwithstanding any other provision of
law, only for the administrative expenses and heavy fuel oil costs
associated with the Agreed Framework[: Provided, That none of these
funds may be made available until March 1, 1999].
[(b) Of the funds made available for KEDO, up to $15,000,000 may be
made available prior to June 1, 1999, if, thirty days prior to such
obligation of funds, the President certifies and so reports to Congress
that--
(1)(A) the parties to the Agreed Framework have taken and
continue to take demonstrable steps to assure that progress is made
on the implementation of the January 1, 1992, Joint Declaration on
the Denuclearization of the Korean Peninsula in which the government
of North Korea has committed not to test, manufacture, produce,
receive, possess, store, deploy or use nuclear weapons;
(B) the parties to the Agreed Framework have taken and continue
to take demonstrable steps to assure that progress is made on the
implementation of the North-South dialogue; and
(C) North Korea is complying with all provisions of the Agreed
Framework and with the Confidential Minute between North Korea and
the United States;
(2) North Korea is cooperating fully in the canning and safe
storage of all spent fuel from its graphite-moderated nuclear
reactors;
(3) North Korea has not significantly diverted assistance
provided by the United States for purposes for which it was not
intended; and
(4) the United States is fully engaged in efforts to impede
North Korea's development and export of ballistic missiles.]
[(c) Of the funds made available for KEDO, up to $20,000,000 may be
made available on or after June 1, 1999, if, thirty days prior to such
obligation of funds, the President certifies and so reports to Congress
that--
(1) the United States has initiated meaningful discussions with
North Korea on implementation of the Joint Declaration on the
Denuclearization of the Korean Peninsula;
(2) the United States has reached agreement with North Korea on
the means for satisfying U.S. concerns regarding suspect underground
construction; and
(3) the United States is making significant progress on reducing
and eliminating the North Korean ballistic missile threat, including
its ballistic missile exports.]
[(d) The President may waive the certification requirements of
subsections (b) and (c) if the President determines that it is vital to
the national security interests of the United States and provides
written policy justifications to the appropriate congressional
committees prior to his exercise of such waiver. No funds may be
obligated for KEDO until 30 days after submission to Congress of such
waiver.]
[(e) Not later than January 1, 1999, the President shall name a
``North Korea Policy Coordinator'', who shall conduct a full and
complete interagency review of United States policy toward North Korea,
shall provide policy direction for negotiations with North Korea related
to nuclear weapons, ballistic missiles, and other security related
issues, and shall also provide leadership for United States
participation in KEDO.]
[(f) 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 KEDO, to include unpaid
debt, proposed annual costs associated with heavy fuel oil purchases,
and the amount of funds pledged by other donor nations and organizations
to support KEDO activities on a per country basis, and other related
activities.]
[(g) The Secretary of Defense shall submit to the appropriate
congressional committees an annual report on the degree to which
[[Page 1038]]
KEDO's mission and the Agreed Framework continue to promote important
United States national security interests, contribute to delaying North
Korean indigenous development of nuclear weapons-related technology, and
positively impact the level of tension on the Korean Peninsula.]
[National Advisory Council on International Monetary and Financial
Policies]
[Sec. 583. (a) Notwithstanding any other provision of law, each
annual report required by subsection 1701(a) of the International
Financial Institutions Act, as amended (Public Law 95-118, 22 U.S.C.
262r), shall comprise--
(1) an assessment of the effectiveness of the major policies and
operations of the international financial institutions;
(2) the major issues affecting United States participation;
(3) the major developments in the past year;
(4) the prospects for the coming year;
(5) the progress made and steps taken to achieve United States
policy goals (including major policy goals embodied in current law)
with respect to the international financial institutions; and
(6) such data and explanations concerning the effectiveness,
operations, and policies of the international financial
institutions, such recommendations concerning the international
financial institutions, and such other data and material as the
Chairman may deem appropriate.]
[(b) The requirements of Sections 1602(e), 1603(c), 1604(c), and
1701(b) of the International Financial Institutions Act, as amended
(Public Law 95-118, 22 U.S.C. 262p-1, 262p-2, 262p-3 and 262(r)),
Section 2018(c) of the International Narcotics Control Act of 1986, as
amended (Public Law 99-570, 22 U.S.C. 2291 note), Section 407(c) of the
Foreign Debt Reserving Act of 1989 (Public Law 101-240, 22 U.S.C. 2291
note), Section 14(c) of the Inter-American Development Bank Act, as
amended (Public Law 86-147, 22 U.S.C. 283j-1(c)), and Section 1002 of
the Freedom for Russia and Emerging Eurasian Democracies and Open
Markets Support Act of 1992 (Public Law 102-511) (22 U.S.C. 286ll(b))
shall no longer apply to the contents of such annual reports.]
prohibition on assistance to the palestinian broadcasting corporation
Sec. [584] 547. None of the funds appropriated or otherwise made
available by this Act may be used to provide equipment, technical
support, consulting services, or any other form of assistance to the
Palestinian Broadcasting Corporation, except that, in furtherance of the
Wye River Memorandum of October 23, 1998 and related agreements,
assistance is authorized to support the responsible role of the media,
and to prevent the incitement of violence and terror, including hostile
propaganda.
[report on iraqi development of weapons of mass destruction]
[Sec. 585. (a) Findings.--Congress finds that--
(1) Iraq is continuing efforts to mask the extent of its weapons
of mass destruction and missile programs;
(2) proposals to relax the current international inspection
regime would have potentially dangerous consequences for
international security; and
(3) Iraq has demonstrated time and again that it cannot be
trusted to abide by international norms or by its own agreements,
and that the only way the international community can be assured of
Iraqi compliance is by ongoing inspection.]
[(b) Sense of Congress.--It is the sense of Congress that--
(1) the international agencies charged with inspections in
Iraq--the International Atomic Energy Agency (IAEA) and the United
Nations Special Commission (UNSCOM) should maintain vigorous
inspections, including surprise inspections, within Iraq; and
(2) the United States should oppose any efforts to ease the
inspections regimes on Iraq until there is clear, credible evidence
that the Government of Iraq is in full compliance with all relevant
United Nations' resolutions.]
[(c) Report.--Not later than 30 days after the date of enactment of
this Act, the President shall submit a report to Congress on the United
States Government's assessment of Iraq's nuclear and other weapons of
mass destruction programs and its efforts to move toward procurement of
nuclear weapons and the means to deliver weapons of mass destruction.
The report shall also--
(1) assess the United States view of the International Atomic
Energy Agency's action team reports and other IAEA efforts to
monitor the extent and nature of Iraq's nuclear program; and
(2) include the United States Government's opinion on the value
of maintaining the ongoing inspection regime rather than replacing
it with a passive monitoring system.]
[sense of congress regarding iran]
[Sec. 586. (a) The Congress finds that--
(1) according to the Department of State, Iran continues to
support international terrorism, providing training, financing, and
weapons to such terrorist groups as Hizballah, Islamic Jihad and
Hamas;
(2) Iran continues to oppose the Arab-Israeli peace process and
refuses to recognize Israel's right to exist;
(3) Iran continues aggressively to seek weapons of mass
destruction and the missiles to deliver them;
(4) it is long-standing United States policy to offer official
government-to-government dialogue with the Iranian regime, such
offers having been repeatedly rebuffed by Tehran;
(5) more than a year after the election of President Khatemi,
Iranian foreign policy continues to threaten American security and
that of our allies in the Middle East; and
(6) despite repeated offers and tentative steps toward
rapprochement with Iran by the Clinton Administration, including a
decision to waive sanctions under the Iran-Libya Sanctions Act and
the President's veto of the Iran Missile Proliferation Sanctions
Act, Iran has failed to reciprocate in a meaningful manner.]
[(b) Therefore it is the sense of the Congress that--
(1) the Administration should make no concessions to the
Government of Iran unless and until that government moderates its
objectionable policies, including taking steps to end its support of
international terrorism, opposition to the Middle East peace
process, and the development and proliferation of weapons of mass
destruction and their means of delivery; and
(2) there should be no change in United States policy toward
Iran until there is credible and sustained evidence of a change in
Iranian policies.]
[aid office of security]
[Sec. 587. (a) Establishment of Office.--There shall be established
within the Office of the Administrator of the Agency for International
Development, an Office of Security. Such Office of Security shall,
notwithstanding any other provision of law except section 207 of the
Foreign Service Act of 1980 and section 103 of Public Law 199-339, have
the responsibility for the supervision, direction, and control of all
security activities relating to the programs and operations of that
Agency.]
[(b) Transfer and Allocation of Appropriations and Personnel.--There
are transferred to the Office of Security all security functions
exercised by the Office of Inspector General of the Agency for
International Development exercised before the date of enactment of this
Act. The Administrator shall transfer from the Office of the Inspector
General of such Agency to the Office of Security established by
subsection (a), the personnel (including the Senior Executive Service
position designated for the Assistant Inspector General for Security),
assets, liabilities, grants, contracts, property, records, and
unexpended balances of appropriations, and other funds held, used,
available to, or to be made available in connection with such functions.
Unexpended balances of appropriations, and other funds made available or
to be made available in connection with such functions, shall be
transferred to and merged with funds appropriated by this Act under the
heading ``Operating Expenses of the Agency for International
Development''.]
[(c) Transfer of Employees.--Any employee in the career service who
is transferred pursuant to this section shall be placed in a position in
the Office of Security established by subsection (a) which is comparable
to the position the employee held in the Office of the Inspector General
of the Agency for International Development.]
[sense of congress regarding ballistic missile development by north
korea]
[Sec. 588. (a) Congress makes the following findings:
(1) North Korea has been active in developing new generations of
medium-range and intermediate-range ballistic missiles, including
both the Nodong and Taepo Dong class missiles.
[[Page 1039]]
(2) North Korea is not an adherent to the Missile Technology
Control Regime, actively cooperates with Iran and Pakistan in
ballistic missile programs, and has declared its intention to
continue to export ballistic missile technology.
(3) North Korea has shared technology involved in the Taepo Dong
I missile program with Iran, which is concurrently developing the
Shahab-3 intermediate-range ballistic missile.
(4) North Korea is developing the Taepo Dong II intermediate-
range ballistic missile, which is expected to have sufficient range
to put at risk United States territories, forces, and allies
throughout the Asia-Pacific area.
(5) Multistage missiles like the Taepo Dong class missile can
ultimately be extended to intercontinental range.
(6) The bipartisan Commission to Assess the Ballistic Missile
Threat to the United States emphasized the need for the United
States intelligence community and United States policy makers to
review the methodology by which they assess foreign missile programs
in order to guard against surprise developments with respect to such
programs.]
[(b) It is the sense of Congress that--
(1) North Korea should be forcefully condemned for its August
31, 1998, firing of a Taepo Dong I intermediate-range ballistic
missile over the sovereign territory of another country,
specifically Japan, an event that demonstrated an advanced
capability for employing multistage missiles, which are by nature
capable of extended range, including intercontinental range;
(2) the United States should reassess its cooperative space
launch programs with countries that continue to assist North Korea
and Iran in their ballistic missile and cruise missile programs;
(3) any financial or technical assistance provided to North
Korea should take into account the continuing conduct by that
country of activities which destabilize the region, including the
missile firing referred to in paragraph (1), continued submarine
incursions into South Korean territorial waters, and violations of
the demilitarized zone separating North Korea and South Korea;
(4) the recommendations of the Commission to Assess the
Ballistic Missile Threat to the United States should be incorporated
into the analytical processes of the United States intelligence
community as soon as possible; and
(5) the United States should accelerate cooperative theater
missile defense programs with Japan.]
[technical assistance to foreign governments]
[Sec. 589. (a) Establishment of Program.--Chapter 1 of part I of the
Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.) is amended by
adding at the end the following:
``SEC. 129. PROGRAM TO PROVIDE TECHNICAL ASSISTANCE TO FOREIGN
GOVERNMENTS AND FOREIGN CENTRAL BANKS OF DEVELOPING OR TRANSITIONAL
COUNTRIES.
``(a) Establishment of Program.--
``(1) In general.--Not later than 150 days after the date of the
enactment of this section, the Secretary of the Treasury, after
consultation with the Secretary of State and the Administrator of
the United States Agency for International Development, is
authorized to establish a program to provide technical assistance to
foreign governments and foreign central banks of developing or
transitional countries.
``(2) Role of secretary of state.--The Secretary of State shall
provide foreign policy guidance to the Secretary to ensure that the
program established under this subsection is effectively integrated
into the foreign policy of the United States.]
[``(b) Conduct of Program.--
``(1) In general.--In carrying out the program established under
subsection (a), the Secretary shall provide economic and financial
technical assistance to foreign governments and foreign central
banks of developing and transitional countries by providing advisers
with appropriate expertise to advance the enactment of laws and
establishment of administrative procedures and institutions in such
countries to promote macroeconomic and fiscal stability, efficient
resource allocation, transparent and market-oriented processes and
sustainable private sector growth.
``(2) Additional requirements.--To the extent practicable, such
technical assistance shall be designed to establish--
``(A) tax systems that are fair, objective, and
efficiently gather sufficient revenues for governmental
operations;
``(B) debt issuance and management programs that rely on
market forces;
``(C) budget planning and implementation that permits
responsible fiscal policy management;
``(D) commercial banking sector development that
efficiently intermediates between savers and investors; and
``(E) financial law enforcement to protect the integrity
of financial systems, financial institutions, and government
programs.]
[``(c) Administrative Requirements.--In carrying out the program
established under subsection (a), the Secretary--
``(1) shall establish a methodology for identifying and
selecting foreign governments and foreign central banks to receive
assistance under the program;
``(2) prior to selecting a foreign government or foreign central
bank to receive assistance under the program, shall receive the
concurrence of the Secretary of State with respect to the selection
of such government or central bank and with respect to the cost of
the assistance to such government or central bank;
``(3) shall consult with the heads of appropriate Executive
agencies of the United States, including the Secretary of State and
the Administrator of the United States Agency for International
Development, and appropriate international financial institutions to
avoid duplicative efforts with respect to those foreign countries
for which such agencies or organizations provide similar assistance;
``(4) shall ensure that the program is consistent with the
International Affairs Strategic Plan and Mission Performance Plan of
the United States Agency for International Development;
``(5) shall establish and carry out a plan to evaluate the
program.]
[``(d) Administrative Authorities.--In carrying out the program
established under subsection (a), the Secretary shall have the following
administrative authorities:
``(1) The Secretary may provide allowances and benefits under
chapter 9 of title I of the Foreign Service Act of 1980 (22 U.S.C.
4081 et seq.) to any officer or employee of any agency of the United
States Government performing functions under this section outside
the United States.
``(2)(A) The Secretary may allocate or transfer to any agency of
the United States Government any part of any funds available for
carrying out this section, including any advance to the United
States Government by any country or international organization for
the procurement of commodities, supplies, or services.
``(B) Such funds shall be available for obligation and
expenditure for the purposes for which such funds were authorized,
in accordance with authority granted in this section or under
authority governing the activities of the agency of the United
States Government to which such funds are allocated or transferred.
``(3) Appropriations for the purposes of or pursuant to this
section, and allocations to any agency of the United States
Government from other appropriations for functions directly related
to the purposes of this section, shall be available for--
``(A) contracting with individuals for personal services
abroad, except that such individuals shall not be regarded
as employees of the United States Government for the purpose
of any law administered by the Office of Personnel
Management;
``(B) the purchase and hire of passenger motor vehicles,
except that passenger motor vehicles may be purchased only--
``(i) for use in foreign countries; and
``(ii) if the Secretary or the Secretary's designee has
determined that the vehicle is necessary to accomplish the
mission;
``(C) the purchase of insurance for official motor
vehicles acquired for use in foreign countries;
``(D)(i) the rent or lease outside the United States,
not to exceed 5 years, of offices, buildings, grounds, and
quarters, including living quarters to house personnel,
consistent with the relevant interagency housing board
policy, and payments therefor in advance;
``(ii) maintenance, furnishings, necessary repairs,
improvements, and alterations to properties owned or rented
by the United States Government or made available for use to
the United States Government outside the United States; and
``(iii) costs of insurance, fuel, water, and utilities
for such properties;
``(E) expenses of preparing and transporting to their
former homes or places of burial the remains of foreign
participants or members of the family of foreign
participants, who may die while such participants are away
from their homes participating in activities carried out
with funds covered by this section;
[[Page 1040]]
``(F) notwithstanding any other provision of law,
transportation and payment of per diem in lieu of
subsistence to foreign participants engaged in activities of
the program under this section while such participants are
away from their homes in countries other than the United
States, at rates not in excess of those prescribed by the
standardized Government travel regulations;
``(G) expenses in connection with travel of personnel
outside the United States, including travel expenses of
dependents (including expenses during necessary stop-overs
while engaged in such travel), and transportation of
personal effects, household goods, and automobiles of such
personnel when any part of such travel or transportation
begins in one fiscal year pursuant to travel orders issued
in that fiscal year, notwithstanding the fact that such
travel or transportation may not be completed during the
same fiscal year, and cost of transporting automobiles to
and from a place of storage, and the cost of storing
automobiles of such personnel when it is in the public
interest or more economical to authorize storage; and
``(H) grants to, and cooperative agreements and
contracts with, any individual, corporation, or other body
of persons, nonprofit organization, friendly government or
government agency, whether within or without the United
States, and international organizations, as the Secretary
determines is appropriate to carry out the purposes of this
section.
``(4) Whenever the Secretary determines it to be consistent with
the purposes of this section, the Secretary is authorized to furnish
services and commodities on an advance-of-funds basis to any
friendly country or international organization that is not otherwise
prohibited from receiving assistance under this Act. Such advances
may be credited to the currently applicable appropriation, account,
or fund of the Department of the Treasury and shall be available for
the purposes for which such appropriation, account, or fund is
authorized to be used.]
[``(e) Issuance of Regulations.--The Secretary is authorized to
issue such regulations with respect to personal service contractors as
the Secretary deems necessary to carry out this section.]
[``(f) Rule of Construction.--Nothing in this section shall be
construed to infringe upon the powers or functions of the Secretary of
State (including the powers or functions described in section 103 of the
Omnibus Diplomatic Security and Antiterrorism Act of 1986 (22 U.S.C.
4802)) or of any chief of mission (including the powers or functions
described in section 207 of the Foreign Service Act of 1980 (22 U.S.C.
3927)).]
[``(g) Termination of Assistance.--The Secretary shall conclude
assistance activities for a recipient foreign government or foreign
central bank under the program established under subsection (a) if the
Secretary, after consultation with the appropriate officers of the
United States, determines that such assistance has resulted in the
enactment of laws or the establishment of institutions in that country
that promote fiscal stability and administrative procedures, efficient
resource allocation, transparent and market-oriented processes and
private sector growth in a sustainable manner.]
[``(h) Report.--
``(1) In general.--Not later than 3 months after the date of the
enactment of this section, and every 6 months thereafter, the
Secretary shall prepare and submit to the appropriate congressional
committees a report on the conduct of the program established under
this section during the preceding 6-month period.
``(2) Definition.--In this subsection, the term `appropriate
congressional committees' means--
``(A) the Committee on International Relations and the
Committee on Appropriations of the House of Representatives;
and
``(B) the Committee on Foreign Relations and the
Committee on Appropriations of the Senate.]
[``(i) Definitions.--In this section:
``(1) Developing or transitional country.--The term `developing
or transitional country' means a country eligible to receive
development assistance under this chapter.
``(2) International financial institution.--The term
`international financial institution' means the International
Monetary Fund, the International Bank for Reconstruction and
Development, the International Development Association, the
International Finance Corporation, the Multilateral Investment
Guarantee Agency, the Asian Development Bank, the African
Development Bank, the African Development Fund, the Inter-American
Development Bank, the Inter-American Investment Corporation, the
European Bank for Reconstruction and Development, and the Bank for
Economic Cooperation and Development in the Middle East and North
Africa.
``(3) Secretary.--The term `Secretary' means the Secretary of
the Treasury.
``(4) Technical assistance.--The term `technical assistance'
includes--
``(A) the use of short-term and long-term expert
advisers to assist foreign governments and foreign central
banks for the purposes described in subsection (b)(1);
``(B) training in the recipient country, the United
States, or elsewhere for the purposes described in
subsection (b)(1);
``(C) grants of goods, services, or funds to foreign
governments and foreign central banks;
``(D) grants to United States nonprofit organizations to
provide services or products which contribute to the
provision of advice to foreign governments and foreign
central banks; and
``(E) study tours for foreign officials in the United
States or elsewhere for the purpose of providing technical
information to such officials.
``(5) Foreign participant.--The term `foreign participant' means
the national of a developing or transitional country that is
receiving assistance under the program established under subsection
(a) who has been designated to participate in activities under such
program.]
[``(j) Authorization of Appropriations.--
``(1) In general.--There are authorized to be appropriated to
carry out this section $5,000,000 for fiscal year 1999.
``(2) Availability of amounts.--Amounts authorized to be
appropriated under paragraph (1) are authorized to remain available
until expended.''.
(b) Transportation of Remains, Dependents, and Effects of United
States Government Employees; Death Occurring Away From Official Station
Abroad.--Section 5742(b) of title 5, United States Code, is amended--
(1) in paragraph (1), by striking the ``and'' at the end;
(2) in paragraph (2), by striking the period at the end and
inserting ``; and''; and
(3) by adding at the end the following new paragraph:
``(3) the travel expenses of not more than 2 persons to escort
the remains of a deceased employee, if death occurred while the
employee was in travel status away from his official station in the
United States or while performing official duties outside the United
States or in transit thereto or therefrom, from the place of death
to the home or official station of such person, or such other place
appropriate for interment as is determined by the head of the agency
concerned.''.]
iraq opposition
Sec. [590] 548. Notwithstanding any other provision of law, [of the]
funds made available in this Act and prior Acts making appropriations
for foreign operations, export financing and related programs, [not less
than $8,000,000 shall] may be made available [only] for assistance to:
(1) the Iraqi democratic opposition for such activities as organization,
training, communication and dissemination of information, and developing
and implementing agreements among opposition groups, and (2) non-
governmental organizations for such activities as establishing and
publicizing an international record of Iraqi war crimes, crimes against
humanity, genocide, and other violations of international law and
encouraging the formation of an international commission and an ad hoc
international criminal tribunal to investigate and prosecute these
crimes: Provided [further], That any agreement reached regarding the
obligation of funds under [the previous proviso] this section shall
include provisions to ensure appropriate monitoring on the use of such
funds[: Provided further, That of this amount not less than $3,000,000
should be made available as a grant to Iraqi National Congress, to be
administered by its Executive Committee for the benefit of all
constituent groups of the Iraqi National Congress: Provided further,
That within 30 days of enactment of this Act the Secretary of State
shall submit a detailed report to the Appropriations Committees of
Congress on implementation of this section].
[national commission on terrorism]
[Sec. 591. (a) Establishment of National Commission on Terrorism.--
[[Page 1041]]
(1) Establishment.--There is established a national commission
on terrorism to review counter-terrorism policies regarding the
prevention and punishment of international acts of terrorism
directed at the United States. The commission shall be known as
``The National Commission on Terrorism''.
(2) Composition.--The commission shall be composed of 10 members
appointed as follows:
(A) Three members shall be appointed by the Majority
Leader of the Senate.
(B) Three members shall be appointed by the Speaker of
the House of Representatives.
(C) Two members shall be appointed by the Minority
Leader of the Senate.
(D) Two members shall be appointed by the Minority
Leader of the House of Representatives.
(E) The appointments of the members of the commission
should be made no later than 3 months after the date of the
enactment of this Act.
(3) Qualifications.--The members should have a knowledge and
expertise in matters to be studied by the commission.
(4) Chair.--The Speaker of the House of Representatives, after
consultation with the majority leader of the Senate and the minority
leaders of the House of Representatives and the Senate, shall
designate one of the members of the Commission to serve as chair of
the Commission.
(5) Period of appointment: vacancies.--Members shall be
appointed for the life of the Commission. Any vacancy in the
Commission shall be filled in the same manner as the original
appointment.
(6) Security clearances.--All Members of the Commission should
hold appropriate security clearances.]
[(b) Duties.--
(1) In general.--The commission shall consider issues relating
to international terrorism directed at the United States as follows:
(A) Review the laws, regulations, policies, directives,
and practices relating to counterterrorism in the prevention
and punishment of international terrorism directed towards
the United States.
(B) Assess the extent to which laws, regulations,
policies, directives, and practices relating to
counterterrorism have been effective in preventing or
punishing international terrorism directed towards the
United States. At a minimum, the assessment should include a
review of the following:
(i) Evidence that terrorist organizations have
established an infrastructure in the western hemisphere for
the support and conduct of terrorist activities.
(ii) Executive branch efforts to coordinate
counterterrorism activities among Federal, State, and local
agencies and with other nations to determine the
effectiveness of such coordination efforts.
(iii) Executive branch efforts to prevent the use of
nuclear, biological, and chemical weapons by terrorists.
(C) Recommend changes to counterterrorism policy in
preventing and punishing international terrorism directed
toward the United States.
(2) Report.--Not later than 6 months after the date on which the
Commission first meets, the Commission shall submit to the President
and the Congress a final report of the findings and conclusions of
the commission, together with any recommendations.]
[(c) Administrative Matters.--
(1) Meetings.--
(A) The commission shall hold its first meeting on a
date designated by the Speaker of the House which is not
later than 30 days after the date on which all members have
been appointed.
(B) After the first meeting, the commission shall meet
upon the call of the chair.
(C) A majority of the members of the commission shall
constitute a quorum, but a lesser number may hold meetings.
(2) Authority of individuals to act for commission.--Any member
or agent of the commission may, if authorized by the commission,
take any action which the commission is authorized to take under
this section.
(3) Powers.--
(A) The commission may hold such hearings, sit and act
at such times and places, take such testimony, and receive
such evidence as the commission considers advisable to carry
out its duties.
(B) The commission may secure directly from any agency
of the Federal Government such information as the commission
considers necessary to carry out its duties. Upon the
request of the chair of the commission, the head of a
department or agency shall furnish the requested information
expeditiously to the commission.
(C) The commission may use the United States mails in
the same manner and under the same conditions as other
departments and agencies of the Federal Government.
(4) Pay and expenses of commission members.--
(A) Subject to appropriations, each member of the
commission who is not an employee of the government shall be
paid at a rate not to exceed the daily equivalent of the
annual rate of basic pay prescribed for level IV of the
Executive Schedule under section 5315 of title 5, United
States Code, for each day (including travel time) during
which such member is engaged in performing the duties of the
commission.
(B) Members and personnel for the commission may travel
on aircraft, vehicles, or other conveyances of the Armed
Forces of the United States when travel is necessary in the
performance of a duty of the commission except when the cost
of commercial transportation is less expensive.
(C) The members of the commission may be allowed travel
expenses, including per diem in lieu of subsistence, at
rates authorized for employees of agencies under subchapter
I of chapter 57 of title 5, United States Code, while away
from their homes or regular places of business in the
performance of services for the commission.
(D)(i) A member of the commission who is an annuitant
otherwise covered by section 8344 or 8468 of title 5, United
States Code, by reason of membership on the commission shall
not be subject to the provisions of such section with
respect to membership on the commission.
(ii) A member of the commission who is a member or
former member of a uniformed service shall not be subject to
the provisions of subsections (b) and (c) of section 5532 of
such title with respect to membership on the commission.
(5) Staff and administrative support.--
(A) The chairman of the commission may, without regard
to civil service laws and regulations, appoint and terminate
an executive director and up to three additional staff
members as necessary to enable the commission to perform its
duties. The chairman of the commission may fix the
compensation of the executive director and other personnel
without regard to the provisions of chapter 51, and
subchapter III of chapter 53, of title 5, United States
Code, relating to classification of positions and General
Schedule pay rates, except that the rate of pay may not
exceed the maximum rate of pay for GS-15 under the General
Schedule.
(B) Upon the request of the chairman of the commission,
the head of any department or agency of the Federal
Government may detail, without reimbursement, any personnel
of the department or agency to the commission to assist in
carrying out its duties. The detail of an employee shall be
without interruption or loss of civil service status or
privilege.]
[(d) Termination of Commission.--The commission shall terminate 30
days after the date on which the commission submits a final report.]
[(e) Funding.--There are authorized to be appropriated such sums as
may be necessary to carry out the provisions of this section.]
[special authorities amendment]
[Sec. 592. The authority of section 614 of the Foreign Assistance
Act of 1961, as amended, may not be used during fiscal year 1999 for the
Korean Peninsula Energy Development Organization to authorize the use of
more than $35,000,000 of funds made available for use under that Act or
the Arms Export Control Act.]
[economic and political transition in indonesia]
[Sec. 593. (a) Political and Economic Reform.--It is the sense of
Congress that--
(1) expanding the availability of wheat, wheat products, and
rice for distribution to the most needy and vulnerable Indonesians
is vital to the well-being of all Indonesians;
(2) the Administration should adopt a more active approach in
support of democratic institutions and processes in Indonesia and
provide assistance for continued economic and political development
in Indonesia, including--
[[Page 1042]]
(A) support for humanitarian programs;
(B) leading a multinational effort to expand
humanitarian and food aid programs to meet the needs of
Indonesia;
(C) working with international financial institutions to
recapitalize and reform the banking system, restructure
corporate debt, and introduce economic and legal
transparency in Indonesia;
(D) urging the Government of Indonesia to remove, to the
maximum extent possible, barriers to trade and investment
which impede economic recovery in Indonesia, including
tariffs, quotas, export taxes, nontariff barriers, and
prohibitions against foreign ownership and investment;
(E) urging the Government of Indonesia to--
(i) recognize and protect the participation of all
Indonesians, including ethnic and religious minorities, in
the political and economic life of Indonesia; and
(ii) release individuals detained or imprisoned for
their political views;
(F) supporting efforts to establish a timetable for
elections and building democracy by strengthening political
parties and institutions and the rule of law including the
repeal of laws and regulations that discriminate on the
basis of religion or ethnicity.]
[(b) Report.--Not later than 6 months after the date of enactment of
this Act, the Secretary of State shall submit to the Committees on
Appropriations a report containing a description and assessment of the
actions taken by the Government of the United States and the Government
of Indonesia to further the objectives referred to in subsection (a).]
[(c) Ethnic Violence.--It is the sense of Congress that--
(1) the mistreatment of ethnic Chinese in Indonesia and the
criminal acts carried out against them during the May 1998 riots in
Indonesia are deplorable and condemned;
(2) a full and fair investigation of such criminal acts should
be completed by the earliest possible date, and those identified as
responsible for perpetrating such criminal acts should be brought to
justice;
(3) the investigation by the Government of Indonesia, through
its Military Honor Council, of those members of the armed forces of
Indonesia suspected of possible involvement in the May 1998 riots,
and of any member of the armed forces of Indonesia who may have
participated in criminal acts against the people of Indonesia during
the riots, is commended and should be supported;
(4) the Government of Indonesia should take action to assure--
(A) the implementation of appropriate measures to
prevent ethnic-related violence and rapes in Indonesia and
to protect the human rights and physical safety of the
ethnic Chinese community in Indonesia; and
(B) the provision of just compensation for victims of
the rape and violence that occurred during the May 1998
riots in Indonesia, including medical care;
(5) the Administration and the United Nations should continue to
support and assist the Government of Indonesia and nongovernmental
organizations, in the investigations into the May 1998 riots in
Indonesia in order to expedite such investigations.]
[(d) Report.--(1) Not later than 6 months after the date of
enactment of this Act, the Secretary of State shall submit to Congress a
report containing the following:
(A) An assessment of--
(i) whether or not there was a systematic and organized
campaign of violence, including the use of rape, against the
ethnic Chinese community in Indonesia during the May 1998
riots in Indonesia; and
(ii) the level and degree of participation, if any, of
members of the Government or armed forces of Indonesia in
the riots.
(B) An assessment of the actions taken by the Government of
Indonesia to investigate the May 1998 riots in Indonesia, bring the
perpetrators of the riots to justice, and ensure that similar riots
do not recur.]
[Reporting Requirements]
[Sec. 594. (a) Notification.--No less than 15 days prior to the
export to any country identified pursuant to subparagraph (C) of any
lethal defense article or service in the amount of $14,000,000 or less,
the President shall provide a detailed notification to the Committees on
Appropriations and Foreign Relations of the Senate and the Committees on
Appropriations and International Relations of the House of
Representatives.]
[(b) Content of Notification.--A detailed notification transmitted
pursuant to subparagraph (a) shall include the same type and quantity of
information required of a notification submitted pursuant to section
36(b) of the Arms Export Control Act (22 U.S.C. 2776(b)).]
[(c) Countries Defined.--This section shall apply to any country
that is--
(1) identified in section 521 of the annual appropriations Act
for Foreign Operations, Export Financing, and Related Programs, or a
comparable provision in a subsequent appropriations Act; or
(2) currently ineligible, in whole or in part, under an annual
appropriations Act to receive funds for International Military
Education and Training or under the Foreign Military Financing
Program, excluding high-income countries as defined pursuant to
section 546(b) of the Foreign Assistance Act of 1961.]
[(d) Exclusions.--Information reportable under title V of the
National Security Act of 1947 is excluded from the requirements of this
section.]
[sense of congress concerning the murder of four american churchwomen in
el salvador]
[Sec. 595. (a) Findings.--Congress makes the following findings--
(1) the December 2, 1980 brutal assault and murder of four
American churchwomen by members of the Salvadoran National Guard was
covered up and never fully investigated;
(2) on July 22 and July 23, 1998, Salvadoran authorities granted
three of the National Guardsmen convicted of the crimes early
release from prison;
(3) the United Nations Truth Commission for El Salvador
determined in 1993 that there was sufficient evidence that the
Guardsmen were acting on orders from their superiors;
(4) in March 1998, four of the convicted Guardsmen confessed
that they acted after receiving orders from their superiors;
(5) recently declassified documents from the State Department
show that United States Government officials were aware of
information suggesting the involvement of superior officers in the
murders;
(6) United States officials granted permanent residence to a
former Salvadoran military official involved in the cover-up of the
murders, enabling him to remain in Florida; and
(7) despite the fact that the murders occurred over 17 years
ago, the families of the four victims continue to seek the
disclosure of information relevant to the murders.]
[(b) Sense of Congress.--It is the sense of Congress that--
(1) information relevant to the murders should be made public to
the fullest extent possible;
(2) the Secretary of State and the Department of State are to be
commended for fully releasing information regarding the murders to
the victims' families and to the American public, in prompt response
to congressional requests;
(3) the President should order all other Federal agencies and
departments that possess relevant information to make every effort
to declassify and release to the victims' families relevant
information as expeditiously as possible;
(4) in making determinations concerning the declassification and
release of relevant information, the Federal agencies and
departments should presume in favor of releasing, rather than of
withholding, such information; and
(5) the President should direct the Attorney General to review
the circumstances under which individuals involved in either the
murders or the cover-up of the murders obtained residence in the
United States, and the Attorney General should submit a report to
the Congress on the results of such review not later than January 1,
1999.]
[sense of congress regarding the trial in the netherlands of the
suspects indicted in the bombing of pan am flight 103]
[Sec. 596. (a) Findings.--Congress makes the following findings:
[[Page 1043]]
(1) On December 21, 1988, 270 people, including 189 United
States citizens, were killed in a terrorist bombing on Pan Am Flight
103 over Lockerbie, Scotland.
(2) Britain and the United States indicted 2 Libyan intelligence
agents--Abdel Basset Al-Megrahi and Lamen Khalifa Fhimah--in 1991
and sought their extradition from Libya to the United States or the
United Kingdom to stand trial for this heinous terrorist act.
(3) The United Nations Security Council called for the
extradition of the suspects in Security Council Resolution 731 and
imposed sanctions on Libya in Security Council Resolutions 748 and
883 because Libyan leader, Colonel Muammar Qadhafi, refused to
transfer the suspects to either the United States or the United
Kingdom to stand trial.
(4) The sanctions in Security Council Resolutions 748 and 883
include a worldwide ban on Libya's national airline, a ban on
flights into and out of Libya by other nations' airlines, a
prohibition on supplying arms, airplane parts, and certain oil
equipment to Libya, and a freeze on Libyan government funds in other
countries.
(5) Colonel Qadhafi has continually refused to extradite the
suspects to either the United States or the United Kingdom and has
insisted that he will only transfer the suspects to a third and
neutral country to stand trial.
(6) On August 24, 1998, the United States and the United Kingdom
proposed that Colonel Qadhafi transfer the suspects to the
Netherlands, where they would stand trial before a Scottish court,
under Scottish law, and with a panel of Scottish judges.
(7) The United States-United Kingdom proposal is consistent with
those previously endorsed by the Organization of African Unity, the
League of Arab States, the Non-Aligned Movement, and the Islamic
Conference.
(8) The United Nations Security Council endorsed the United
States-United Kingdom proposal on August 27, 1998, in United Nations
Security Council Resolution 1192.
(9) The United States Government has stated that this proposal
is nonnegotiable and has called on Colonel Qadhafi to respond
promptly, positively, and unequivocally to this proposal by ensuring
the timely appearance of the two accused individuals in the
Netherlands for trial before the Scottish court.
(10) The United States Government has called on Libya to ensure
the production of evidence, including the presence of witnesses
before the court, and to comply fully with all the requirements of
the United Nations Security Council resolutions.
(11) Secretary of State Albright has said that the United States
will urge a multilateral oil embargo against Libya in the United
Nations Security Council if Colonel Muammar Qadhafi does not
transfer the suspects to The Netherlands to stand trial.
(12) The United Nations Security Council will convene on October
30, 1998, to review sanctions imposed on Libya.]
[(b) Sense of Congress.--It is the sense of Congress that--
(1) Colonel Qadhafi should promptly transfer the indicted
suspects Abdel Basset Al-Megrahi and Lamen Khalifa Fhimah to The
Netherlands to stand trial before the Scottish court;
(2) the United States Government should remain firm in its
commitment not to negotiate with Colonel Qadhafi on any of the
details of the proposal approved by the United Nations in United
Nations Security Council Resolution 1192; and
(3) if Colonel Qadhafi does not transfer the indicted suspects
Abdel Basset Al-Megrahi and Lamen Khalifa Fhimah to The Netherlands
by October 29, 1998, the United States Permanent Representative to
the United Nations should--
(A) introduce a resolution in the United Nations
Security Council to impose a multilateral oil embargo
against Libya;
(B) actively promote adoption of the resolution by the
United Nations Security Council; and
(C) assure that a vote will occur in the United Nations
Security Council on such a resolution.]
[sense of the congress regarding international cooperation in recovering
children abducted in the united states and taken to other countries]
[Sec. 597. (a) Findings.--Congress finds that--
(1) many children in the United States have been abducted by
family members who are foreign nationals and living in foreign
countries;
(2) children who have been abducted by an estranged father are
very rarely returned, through legal remedies, from countries that
only recognize the custody rights of the father;
(3) there are at least 140 cases that need to be resolved in
which children have been abducted by family members and taken to
foreign countries;
(4) although the Convention on the Civil Aspects of
International Child Abduction, done at The Hague on October 25,
1980, has made progress in aiding the return of abducted children,
the Convention does not address the criminal aspects of child
abduction, and there is a need to reach agreements regarding child
abduction with countries that are not parties to the Convention; and
(5) decisions on awarding custody of children should be made in
the children's best interest, and persons who violate laws of the
United States by abducting their children should not be rewarded by
being granted custody of those children.]
[(b) Sense of the Congress.--It is the sense of the Congress that
the United States Government should promote international cooperation in
working to resolve those cases in which children in the United States
are abducted by family members who are foreign nationals and taken to
foreign countries, and in seeing that justice is served by holding
accountable the abductors for violations of criminal law.]
customs assistance
Sec. 549. Section 660(b) of the Foreign Assistance Act of 1961 is
amended by--
(1) striking the period at the end of paragraph (6) and in lieu
thereof inserting a semicolon; and
(2) adding the following new paragraph:
``(7) with respect to assistance provided to customs
authorities and personnel, including training, technical
assistance and equipment, for customs law enforcement and the
improvement of customs laws, systems and procedures.''.
Voluntary Separation Incentives for Employees of the U.S. Agency for
International Development
Sec. 550. (a) Definitions.--For the purposes of this section--
(1) the term ``agency'' means the United States Agency for
International Development;
(2) the term ``Administrator'' means the Administrator, United
States Agency for International Development; and
(3) the term ``employee'' means an employee (as defined by
section 2105 of title 5, United States Code) who is employed by the
agency, is serving under an appointment without time limitation, and
has been currently employed for a continuous period of at least 3
years, but does not include--
(A) a reemployed annuitant under subchapter III of chapter
83 or chapter 84 of title 5, United States Code, or another
retirement system for employees of the agency;
(B) an employee having a disability on the basis of which
such employee is or would be eligible for disability retirement
under the applicable retirement system referred to in
subparagraph (A);
(C) an employee who is to be separated involuntarily for
misconduct or unacceptable performance, and to whom specific
notice has been given with respect to that separation;
(D) an employee who has previously received any voluntary
separation incentive payment by the Government of the United
States under this section or any other authority and has not
repaid such payment;
(E) an employee covered by statutory reemployment rights who
is on transfer to another organization; or
(F) any employee who, during the 24-month period preceding
the date of separation, received a recruitment or relocation
bonus under section 5753 of title 5, United States Code, or who,
within the 12-month period preceding the date of separation,
received a retention allowance under section 5754 of such title
5.
(b) Agency Strategic Plan.--
(1) In general.--The Administrator, before obligating any
resources for voluntary separation incentive payments under this
section, shall submit to the Office of Management and Budget a
strategic plan outlining the intended use of such incentive payments
and a proposed organizational chart for the agency once such
incentive payments have been completed.
(2) Contents.--The agency's plan shall include--
(A) the positions and functions to be reduced or eliminated,
identified by organizational unit, geographic location,
occupational category and grade level;
(B) the number and amounts of voluntary separation incentive
payments to be offered;
(C) a description of how the agency will operate without the
eliminated positions and functions; and
[[Page 1044]]
(D) the time period during which incentives may be paid.
(3) Approval.--The Director of the Office of Management and
Budget shall review the agency's plan and approve or disapprove the
plan and may make appropriate modifications in the plan with respect
to the coverage of incentives as described under paragraph (2)(A),
and with respect to the matters described in paragraphs (2) (B)
through (D).
(c) Authority To Provide Voluntary Separation Incentive Payments.--
(1) In general.--A voluntary separation incentive payment under
this section may be paid by the agency to employees of such agency
and only to the extent necessary to eliminate the positions and
functions identified by the strategic plan.
(2) Amount and treatment of payments.--A voluntary separation
incentive payment under this section--
(A) shall be paid in a lump sum after the employee's
separation;
(B) shall be paid from appropriations or funds available for
the payment of the basic pay of the employees;
(C) shall be equal to the lesser of--
(i) an amount equal to the amount the employee would be
entitled to receive under section 5595(c) of title 5, United
States Code, if the employee were entitled to payment under
such section; or
(ii) an amount determined by the agency head not to
exceed $25,000;
(D) may not be made except in the case of any employee who
voluntarily separates (whether by retirement or resignation) on
or before December 31, 2000;
(E) shall not be a basis for payment, and shall not be
included in the computation, of any other type of Government
benefit; and
(F) shall not be taken into account in determining the
amount of any severance pay to which the employee may be
entitled under section 5595 of title 5, United States Code,
based on any other separation.
(d) Additional Agency Contributions to the Retirement Fund.--
(1) In general.--In addition to any other payments which it is
required to make under subchapter III of chapter 83 or chapter 84 of
title 5, United States Code, the agency shall remit to the Office of
Personnel Management for deposit in the Treasury of the United
States to the credit of the Civil Service Retirement and Disability
Fund an amount equal to 15 percent of the final basic pay of each
employee of the agency who is covered under subchapter III of
chapter 83 or chapter 84 of title 5, United States Code, to whom a
voluntary separation incentive has been paid under this section.
(2) Definition.--For the purpose of paragraph (1), the term
``final basic pay'', with respect to an employee, means the total
amount of basic pay which would be payable for a year of service by
such employee, computed using the employee's final rate of basic
pay, and, if last serving on other than a full-time basis, with
appropriate adjustment therefor.
(e) Effect of Subsequent Employment With the Government.--
(1) An individual who has received a voluntary separation
incentive payment under this section and accepts any employment for
compensation with the Government of the United States, or who works
for any agency of the Government of the United States through a
personal services contract, within 5 years after the date of the
separation on which the payment is based shall be required to pay,
prior to the individual's first day of employment, the entire amount
of the incentive payment to the agency that paid the incentive
payment.
(2) If the employment under paragraph (1) is with an Executive
agency (as defined by section 105 of title 5, United States Code),
the United States Postal Service, or the Postal Rate Commission, the
Director of the Office of Personnel Management may, at the request
of the head of the agency, waive the repayment if the individual
involved possesses unique abilities and is the only qualified
applicant available for the position.
(3) If the employment under paragraph (1) is with an entity in
the legislative branch, the head of the entity or the appointing
official may waive the repayment if the individual involved
possesses unique abilities and is the only qualified applicant
available for the position.
(4) If the employment under paragraph (1) is with the judicial
branch, the Director of the Administrative Office of the United
States Courts may waive the repayment if the individual involved
possesses unique abilities and is the only qualified applicant for
the position.
(f) Reduction of Agency Employment Levels.--
(1) In general.--The total number of funded employee positions
in the agency shall be reduced by one position for each vacancy
created by the separation of any employee who has received, or is
due to receive, a voluntary separation incentive payment under this
section. For the purposes of this subsection, positions shall be
counted on a full-time-equivalent basis.
(2) Enforcement.--The President, through the Office of
Management and Budget, shall monitor the agency and take any action
necessary to ensure that the requirements of this subsection are
met.
(g) Regulations.--The Office of Personnel Management may prescribe
such regulations as may be necessary to implement this section. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1999, as included in Public Law 105-277, section 101(d).)
[TITLE VI--GENERAL PROVISIONS]
[conditions for the use of appropriated funds for the international
monetary fund]
[Sec. 601. None of the funds appropriated in this title may be
obligated or made available to the International Monetary Fund until 15
days after the Secretary of the Treasury and the Chairman of the Board
of Governors of the Federal Reserve System jointly provide written
notification to the appropriate committees that the major shareholders
of the Fund have publicly agreed to, and will act to implement in the
Fund the following policies:
(1) Policies providing that conditions in standby or other
arrangements regarding the use of Fund resources include, in
addition to appropriate monetary policy conditions, requirements
that the recipient country, in accordance with a schedule for
action--
(A) liberalize restrictions on trade in goods and
services, consistent with the terms of all international
trade agreements of which the borrowing country is a
signatory;
(B) eliminate the systemic practice or policy of
government directed lending on non-commercial terms or
provision of market distorting subsidies to favored
industries, enterprises, parties, or institutions; and
(C) provide a legal basis for nondiscriminatory
treatment in insolvency proceedings between domestic and
foreign creditors, and for debtors and other concerned
persons.
(2) Policies providing that within 3 months after any meeting of
the Executive Board of the Fund at which a Letter of Intent, a
Policy Framework Paper, an Article IV economic review consultation
with a member country, or a change in a general policy of the Fund
is discussed, a full written summary of the meeting should be made
available for public inspection, with the following information
redacted:
(A) Information which, if released, would adversely
affect the national security of a country, and which is of
the type that would be classified by the United States
Government.
(B) Market-sensitive information.
(C) Proprietary information.
(3) Policies providing that within 3 months after any meeting of
the Executive Board of the Fund at which a Letter of Intent, a
Memorandum of Understanding, or a Policy Framework Paper is
discussed, a copy of the Letter of Intent, Memorandum of
Understanding, or Policy Framework Paper should be made available
for public inspection with the following information redacted:
(A) Information which, if released, would adversely
affect the national security of a country, and which is of
the type that would be classified by the United States
Government.
(B) Market-sensitive information.
(C) Proprietary information.
(4) Policies providing that, in circumstances where a country is
experiencing balance of payments difficulties due to a large short-
[[Page 1045]]
term financing need resulting from a sudden and disruptive loss of
market confidence and in order to provide an incentive for early
repayment and encourage private market financing, loans made from
the Fund's general resources after the date of the enactment of this
section are--
(A) made available at an interest rate that reflects an
adjustment for risk that is not less than 300 basis points
in excess of the average of the market-based short-term cost
of financing of its largest members; and
(B) repaid within 1 to 2\1/2\ years from each
disbursement.]
[reports on financial stabilization programs in the republic of korea]
[Sec. 602. (a) The Secretary of the Treasury shall instruct the
United States Executive Director at the International Monetary Fund to
exert the influence of the United States to oppose further disbursement
of funds to the Republic of Korea under the Republic of Korea's standby
arrangement of December 4, 1997 (in this section referred to as the
``Arrangement''), unless there is in effect a certification by the
Secretary of the Treasury to the appropriate committees that--
(1) no Fund resources made available pursuant to the Arrangement
have been used to provide financial assistance to the semiconductor,
steel, automobile, shipbuilding, or textile and apparel industries;
(2) the Fund has neither guaranteed nor underwritten the private
loans of semiconductor, steel, automobile, shipbuilding, or textile
and apparel manufacturers under the Arrangement; and
(3) officials from the Fund and the Department of the Treasury
have monitored the implementation of the provisions contained in the
Arrangement, and all of the conditions have either been met or the
Republic of Korea has committed itself to fulfill all of these
conditions according to an explicit timetable for completion; which
timetable has been provided to the Fund and the Department of the
Treasury and approved by the Fund.]
[(b) Before each disbursement of Fund resources to the Republic of
Korea under the Arrangement, the Secretary of the Treasury shall report
to the appropriate committees on whether a certification by the
Secretary pursuant to subsection (a) is in effect.]
[advisory commission]
[Sec. 603. (a) In General.--The Secretary of the Treasury shall
establish an International Financial Institution Advisory Commission (in
this section referred to as the ``Commission'').]
[(b) Membership.--
(1) In general.--The Commission shall be composed of 11 members,
as follows:
(A) 3 members appointed by the Speaker of the House of
Representatives.
(B) 3 members appointed by the Majority Leader of the
Senate.
(C) 5 members appointed jointly by the Minority Leader
of the House of Representatives and the Minority Leader of
the Senate.
(2) Timing of appointments.--All appointments to the Commission
shall be made not later than 45 days after the date of enactment of
this Act.
(3) Chairman.--The Majority Leader of the Senate, after
consultation with the Speaker of the House of Representatives and
the Minority Leaders of the House of Representatives and the Senate,
shall designate 1 of the members of the Commission to serve as
Chairman of the Commission.]
[(c) Qualifications.--
(1) Expertise.--Members of the Commission shall be appointed
from among those with knowledge and expertise in the workings of the
international financial institutions (as defined in section
1701(c)(2) of the International Financial Institutions Act), the
World Trade Organization, and the Bank for International
Settlements.
(2) Former affiliation.--At least 4 members of the Commission
shall be individuals who were officers or employees of the Executive
Branch before January 20, 1992, and not more than half of such 4
members shall have served under Presidents from the same political
party.]
[(d) Period of Appointment; Vacancies.--Members shall be appointed
for the life of the Commission. Any vacancy in the Commission shall be
filled in the same manner as the original appointment was made.]
[(e) Duties of the Commission.--The Commission shall advise and
report to the Congress on the future role and responsibilities of the
international financial institutions (as defined in section 1701(c)(2)
of the International Financial Institutions Act), the World Trade
Organization, and the Bank for International Settlements. In carrying
out such duties, the Commission shall meet with and advise the Secretary
of the Treasury or the Deputy Secretary of the Treasury, and shall
examine--
(1) the effect of globalization, increased trade, capital flows,
and other relevant factors on such institutions;
(2) the adequacy, efficacy, and desirability of current policies
and programs at such institutions as well as their suitability for
respective beneficiaries of such institutions;
(3) cooperation or duplication of functions and responsibilities
of such institutions; and
(4) other matters the Commission deems necessary to make
recommendations pursuant to subsection (g).]
[(f) Powers and Procedures of the Commission.--
(1) Hearings.--The Commission or, at its direction, any panel or
member of the Commission may, for the purpose of carrying out the
provisions of this section, hold hearings, sit and act at times and
places, take testimony, receive evidence, and administer oaths to
the extent that the Commission or any panel or member considers
advisable.
(2) Information.--The Commission may secure directly information
that the Commission considers necessary to enable the Commission to
carry out its responsibilities under this section.
(3) Meetings.--The Commission shall meet at the call of the
Chairman.]
[(g) Report.--On the termination of the Commission, the Commission
shall submit to the Secretary of the Treasury and the appropriate
committees a report that contains recommendations regarding the
following matters:
(1) Changes to policy goals set forth in the Bretton Woods
Agreements Act and the International Financial Institutions Act.
(2) Changes to the charters, organizational structures, policies
and programs of the international financial institutions (as defined
in section 1701(c)(2) of the International Financial Institutions
Act).
(3) Additional monitoring tools, global standards, or
regulations for, among other things, global capital flows,
bankruptcy standards, accounting standards, payment systems, and
safety and soundness principles for financial institutions.
(4) Possible mergers or abolition of the international financial
institutions (as defined in section 1701(c)(2) of the International
Financial Institutions Act), including changes to the manner in
which such institutions coordinate their policy and program
implementation and their roles and responsibilities.
(5) Any additional changes necessary to stabilize currencies,
promote continued trade liberalization and to avoid future financial
crises.
(h) Termination.--The Commission shall terminate 6 months after the
first meeting of the Commission, which shall be not later than 30 days
after the appointment of all members of the Commission.
(i) Reports by the Executive Branch.--
(1) Within three months after receiving the report of the
Commission under subsection (g), the President of the United States
through the Secretary of the Treasury shall report to the
appropriate committees on the desirability and feasibility of
implementing the recommendations contained in the report.
(2) Annually, for three years after the termination of the
Commission, the President of the United States through the Secretary
of the Treasury shall submit to the appropriate committees a report
on the steps taken, if any, through relevant international
institutions and international fora to implement such
recommendations as are deemed feasible and desirable under paragraph
(1).]
[international advisory committee]
[Sec. 604. The Secretary of the Treasury shall instruct the United
States Executive Director at the International Monetary Fund to exert
the influence of the United States to seek the establishment of a
permanent advisory committee to the Interim Committee of the Board of
Governors of the Fund, that is to consist of elected members of the
national legislatures of the member countries directly represented by
appointed members of the Executive Board of the Fund, and to seek to
ensure that the permanent advisory committee has the same access to Fund
documents as is afforded to the Executive Board of the Fund.]
[strengthening procedures for monitoring use of imf funds]
[Sec. 605. (a) The Secretary of the Treasury shall instruct the
United States Executive Director at the International Monetary Fund
[[Page 1046]]
to exert the influence of the United States to strengthen Fund
procedures for ascertaining that funds disbursed by the Fund are used by
the central bank (or other fiscal agent) of a borrowing country in a
manner that complies with the conditions of the Fund program for the
country.]
[(b) On request of the appropriate committees, the United States
Executive Director shall obtain from the Fund and make available to such
committees, on a confidential basis if necessary, data concerning such
compliance.]
[(c) Within 6 months after the date of the enactment of this Act,
the Secretary of the Treasury shall report to the appropriate committees
on the progress made toward achieving the requirements of this section.]
[(d) On a quarterly basis, the Secretary of the Treasury shall
report to the appropriate committees on the standby or other
arrangements of the Fund made during the preceding quarter, identifying
separately the arrangements to which the policies described in section
601(4) of this title apply and the arrangements to which such policies
do not apply.]
[progress reports to congress on united states initiatives to update the
architecture of the international monetary system]
[Sec. 606. Not later than July 15, 1999, and July 15, 2000, the
Secretary of the Treasury shall report to the Chairmen and Ranking
Members of the appropriate committees on the progress of efforts to
reform the architecture of the international monetary system. The
reports shall include a discussion of the substance of the United States
position in consultations with other governments and the degree of
progress in achieving international acceptance and implementation of
such position with respect to the following issues:
(1) Adapting the mission and capabilities of the International
Monetary Fund to take better account of the increased importance of
cross-border capital flows in the world economy and improving the
coordination of its responsibilities and activities with those of
the International Bank for Reconstruction and Development.
(2) Advancing measures to prevent, and improve the management
of, international financial crises, including by--
(A) integrating aspects of national bankruptcy
principles into the management of international financial
crises where feasible; and
(B) changing investor expectations about official
rescues, thereby reducing moral hazard and systemic risk in
international financial markets,
in order to help minimize the adjustment costs that the
resolution of financial crises may impose on the real economy, in
the form of disrupted patterns of trade, employment, and progress in
living standards, and reduce the frequency and magnitude of claims
on United States taxpayer resources.
(3) Improving international economic policy cooperation,
including among the Group of Seven countries, to take better account
of the importance of cross-border capital flows in the determination
of exchange rate relationships.
(4) Improving international cooperation in the supervision and
regulation of financial institutions and markets.
(5) Strengthening the financial sector in emerging economies,
including by improving the coordination of financial sector
liberalization with the establishment of strong public and private
institutions in the areas of prudential supervision, accounting and
disclosure conventions, bankruptcy laws and administrative
procedures, and the collection and dissemination of economic and
financial statistics, including the maturity structure of foreign
indebtedness.
(6) Advocating that implementation of European Economic and
Monetary Union and the advent of the European Currency Unit, or
euro, proceed in a manner that is consistent with strong global
economic growth and stability in world financial markets.]
[definition]
[Sec. 607. For purposes of sections 601 through 606 of this title,
the term ``appropriate committees'' means the Committees on
Appropriations, Foreign Relations, and Banking, Housing, and Urban
Affairs of the Senate and the Committees on Appropriations and Banking
and Financial Services of the House of Representatives.]
[participation in quota increase]
[Sec. 608. The Bretton Woods Agreements Act (22 U.S.C. 286-286mm) is
amended by adding at the end the following:]
[``SEC. 61. QUOTA INCREASE.
``(a) In General.--The United States Governor of the Fund may
consent to an increase in the quota of the United States in the Fund
equivalent to 10,622,500,000 Special Drawing Rights.]
[``(b) Subject to Appropriations.--The authority provided by
subsection (a) shall be effective only to such extent or in such amounts
as are provided in advance in appropriations Acts.''.]
[new arrangements to borrow]
[Sec. 609. Section 17 of the Bretton Woods Agreements Act (22 U.S.C.
286e-2 et seq.) is amended--
(1) in subsection (a)--
(A) by striking ``and February 24, 1983'' and inserting
``February 24, 1983, and January 27, 1997''; and
(B) by striking ``4,250,000,000'' and inserting
``6,712,000,000'';
(2) in subsection (b), by striking ``4,250,000,000'' and
inserting ``6,712,000,000''; and
(3) in subsection (d)--
(A) by inserting ``or the Decision of January 27,
1997,'' after ``February 24, 1983,''; and
(B) by inserting ``or the New Arrangements to Borrow, as
applicable'' before the period at the end.]
[advocacy of policies to enhance the general effectiveness of the
international monetary fund]
[Sec. 610. (a) In General.--Title XV of the International Financial
Institutions Act (22 U.S.C. 262o-262o-1) is amended by adding at the end
the following:]
``SEC. 1503. ADVOCACY OF POLICIES TO ENHANCE THE GENERAL EFFECTIVENESS
OF THE INTERNATIONAL MONETARY FUND.
``(a) In General.--The Secretary of the Treasury shall instruct the
United States Executive Director of the International Monetary Fund to
use aggressively the voice and vote of the Executive Director to do the
following:
``(1) Vigorously promote policies to increase the effectiveness
of the International Monetary Fund in structuring programs and
assistance so as to promote policies and actions that will
contribute to exchange rate stability and avoid competitive
devaluations that will further destabilize the international
financial and trading systems.
``(2) Vigorously promote policies to increase the effectiveness
of the International Monetary Fund in promoting market-oriented
reform, trade liberalization, economic growth, democratic
governance, and social stability through--
``(A) establishing an independent monetary authority,
with full power to conduct monetary policy, that provides
for a non-inflationary domestic currency that is fully
convertible in foreign exchange markets;
``(B) opening domestic markets to fair and open internal
competition among domestic enterprises by eliminating
inappropriate favoritism for small or large businesses,
eliminating elite monopolies, creating and effectively
implementing anti-trust and anti-monopoly laws to protect
free competition, and establishing fair and accessible legal
procedures for dispute settlement among domestic
enterprises;
``(C) privatizing industry in a fair and equitable
manner that provides economic opportunities to a broad
spectrum of the population, eliminating government and elite
monopolies, closing loss-making enterprises, and reducing
government control over the factors of production;
``(D) economic deregulation by eliminating inefficient
and overly burdensome regulations and strengthening the
legal framework supporting private contract and intellectual
property rights;
``(E) establishing or strengthening key elements of a
social safety net to cushion the effects on workers of
unemployment and dislocation; and
``(F) encouraging the opening of markets for
agricultural commodities and products by requiring recipient
countries to make efforts to reduce trade barriers.
``(3) Vigorously promote policies to increase the effectiveness
of the International Monetary Fund, in concert with appropriate
inter
[[Page 1047]]
national authorities and other international financial institutions
(as defined in section 1701(c)(2)), in strengthening financial
systems in developing countries, and encouraging the adoption of
sound banking principles and practices, including the development of
laws and regulations that will help to ensure that domestic
financial institutions meet strong standards regarding capital
reserves, regulatory oversight, and transparency.
``(4) Vigorously promote policies to increase the effectiveness
of the International Monetary Fund, in concert with appropriate
international authorities and other international financial
institutions (as defined in section 1701(c)(2)), in facilitating the
development and implementation of internationally acceptable
domestic bankruptcy laws and regulations in developing countries,
including the provision of technical assistance as appropriate.
``(5) Vigorously promote policies that aim at appropriate
burden-sharing by the private sector so that investors and creditors
bear more fully the consequences of their decisions, and accordingly
advocate policies which include--
``(A) strengthening crisis prevention and early warning
signals through improved and more effective surveillance of
the national economic policies and financial market
development of countries (including monitoring of the
structure and volume of capital flows to identify
problematic imbalances in the inflow of short and medium
term investment capital, potentially destabilizing inflows
of offshore lending and foreign investment, or problems with
the maturity profiles of capital to provide warnings of
imminent economic instability), and fuller disclosure of
such information to market participants;
``(B) accelerating work on strengthening financial
systems in emerging market economies so as to reduce the
risk of financial crises;
``(C) consideration of provisions in debt contracts that
would foster dialogue and consultation between a sovereign
debtor and its private creditors, and among those creditors;
``(D) consideration of extending the scope of the
International Monetary Fund's policy on lending to members
in arrears and of other policies so as to foster the
dialogue and consultation referred to in subparagraph (C);
``(E) intensified consideration of mechanisms to
facilitate orderly workout mechanisms for countries
experiencing debt or liquidity crises;
``(F) consideration of establishing ad hoc or formal
linkages between the provision of official financing to
countries experiencing a financial crisis and the
willingness of market participants to meaningfully
participate in any stabilization effort led by the
International Monetary Fund;
``(G) using the International Monetary Fund to
facilitate discussions between debtors and private creditors
to help ensure that financial difficulties are resolved
without inappropriate resort to public resources; and
``(H) the International Monetary Fund accompanying the
provision of funding to countries experiencing a financial
crisis resulting from imprudent borrowing with efforts to
achieve a significant contribution by the private creditors,
investors, and banks which had extended such credits.
``(6) Vigorously promote policies that would make the
International Monetary Fund a more effective mechanism, in concert
with appropriate international authorities and other international
financial institutions (as defined in section 1701(c)(2)), for
promoting good governance principles within recipient countries by
fostering structural reforms, including procurement reform, that
reduce opportunities for corruption and bribery, and drug-related
money laundering.
``(7) Vigorously promote the design of International Monetary
Fund programs and assistance so that governments that draw on the
International Monetary Fund channel public funds away from
unproductive purposes, including large `show case' projects and
excessive military spending, and toward investment in human and
physical capital as well as social programs to protect the neediest
and promote social equity.
``(8) Work with the International Monetary Fund to foster
economic prescriptions that are appropriate to the individual
economic circumstances of each recipient country, recognizing that
inappropriate stabilization programs may only serve to further
destabilize the economy and create unnecessary economic, social, and
political dislocation.
``(9) Structure International Monetary Fund programs and
assistance so that the maintenance and improvement of core labor
standards are routinely incorporated as an integral goal in the
policy dialogue with recipient countries, so that--
``(A) recipient governments commit to affording workers
the right to exercise internationally recognized core worker
rights, including the right of free association and
collective bargaining through unions of their own choosing;
``(B) measures designed to facilitate labor market
flexibility are consistent with such core worker rights; and
``(C) the staff of the International Monetary Fund
surveys the labor market policies and practices of recipient
countries and recommends policy initiatives that will help
to ensure the maintenance or improvement of core labor
standards.
``(10) Vigorously promote International Monetary Fund programs
and assistance that are structured to the maximum extent feasible to
discourage practices which may promote ethnic or social strife in a
recipient country.
``(11) Vigorously promote recognition by the International
Monetary Fund that macroeconomic developments and policies can
affect and be affected by environmental conditions and policies, and
urge the International Monetary Fund to encourage member countries
to pursue macroeconomic stability while promoting environmental
protection.
``(12) Facilitate greater International Monetary Fund
transparency, including by enhancing accessibility of the
International Monetary Fund and its staff, fostering a more open
release policy toward working papers, past evaluations, and other
International Monetary Fund documents, seeking to publish all
Letters of Intent to the International Monetary Fund and Policy
Framework Papers, and establishing a more open release policy
regarding Article IV consultations.
``(13) Facilitate greater International Monetary Fund
accountability and enhance International Monetary Fund self-
evaluation by vigorously promoting review of the effectiveness of
the Office of Internal Audit and Inspection and the Executive
Board's external evaluation pilot program and, if necessary, the
establishment of an operations evaluation department modeled on the
experience of the International Bank for Reconstruction and
Development, guided by such key principles as usefulness,
credibility, transparency, and independence.
``(14) Vigorously promote coordination with the International
Bank for Reconstruction and Development and other international
financial institutions (as defined in section 1701(c)(2)) in
promoting structural reforms which facilitate the provision of
credit to small businesses, including microenterprise lending,
especially in the world's poorest, heavily indebted countries.]
[``(b) Coordination With Other Executive Departments.--To the extent
that it would assist in achieving the goals described in subsection (a),
the Secretary of the Treasury shall pursue the goals in coordination
with the Secretary of State, the Secretary of Labor, the Secretary of
Commerce, the Administrator of the Environmental Protection Agency, the
Administrator of the Agency for International Development, and the
United States Trade Representative.''.
(b) Advisory Committee on IMF Policy.--Section 1701 of such Act (22
U.S.C. 262p-5) is amended by adding at the end the following:
``(e) Advisory Committee on IMF Policy.--
``(1) In general.--The Secretary of the Treasury should
establish an International Monetary Fund Advisory Committee (in this
subsection referred to as the `Advisory Committee').
``(2) Membership.--The Advisory Committee should consist of
members appointed by the Secretary of the Treasury, after
appropriate consultations with the relevant organizations. Such
members should include representatives from industry,
representatives from agriculture, representatives from organized
labor, representatives from banking and financial services, and
representatives from nongovernmental environmental and human rights
organizations.''.]
[reduction of barriers to agricultural trade]
[Sec. 611. Title XIV of the International Financial Institutions Act
(22 U.S.C. 262n-262n-2) is amended by adding at the end the following:
[``SEC. 1404. REDUCTION OF BARRIERS TO AGRICULTURAL TRADE.
``The Secretary of the Treasury shall instruct the United States
Executive Director at the International Monetary Fund to use
aggressively the voice and vote of the United States to vigorously
promote policies to encourage the opening of markets for agricultural
commodities and products by requiring recipient countries to make
efforts to reduce trade barriers.''.]
[[Page 1048]]
[semiannual reports on financial stabilization programs led by the
international monetary fund in connection with financing from the
exchange stabilization fund]
[Sec. 612. Title XVII of the International Financial Institutions
Act (22 U.S.C. 262r-262r-2) is amended by adding at the end the
following:]
[``SEC. 1704. REPORTS ON FINANCIAL STABILIZATION PROGRAMS LED BY THE
INTERNATIONAL MONETARY FUND IN CONNECTION WITH FINANCING FROM THE
EXCHANGE STABILIZATION FUND.
``(a) In General.--The Secretary of the Treasury, in consultation
with the Secretary of Commerce and other appropriate Federal agencies,
shall prepare reports on the implementation of financial stabilization
programs (and any material terms and conditions thereof) led by the
International Monetary Fund in countries in connection with which the
United States has made a commitment to provide, or has provided
financing from the stabilization fund established under section 5302 of
title 31, United States Code. The reports shall include the following:
``(1) A description of the condition of the economies of
countries requiring the financial stabilization programs, including
the monetary, fiscal, and exchange rate policies of the countries.
``(2) A description of the degree to which the countries
requiring the financial stabilization programs have fully
implemented financial sector restructuring and reform measures
required by the International Monetary Fund, including--
``(A) ensuring full respect for the commercial
orientation of commercial bank lending;
``(B) ensuring that governments will not intervene in
bank management and lending decisions (except in regard to
prudential supervision);
``(C) the enactment and implementation of appropriate
financial reform legislation;
``(D) strengthening the domestic financial system and
improving transparency and supervision; and
``(E) the opening of domestic capital markets.
``(3) A description of the degree to which the countries
requiring the financial stabilization programs have fully
implemented reforms required by the International Monetary Fund that
are directed at corporate governance and corporate structure,
including--
``(A) making nontransparent conglomerate practices more
transparent through the application of internationally
accepted accounting practices, independent external audits,
full disclosure, and provision of consolidated statements;
and
``(B) ensuring that no government subsidized support or
tax privileges will be provided to bail out individual
corporations, particularly in the semiconductor, steel, and
paper industries.
``(4) A description of the implementation of reform measures
required by the International Monetary Fund to deregulate and
privatize economic activity by ending domestic monopolies,
undertaking trade liberalization, and opening up restricted areas of
the economy to foreign investment and competition.
``(5) A detailed description of the trade policies of the
countries, including any unfair trade practices or adverse effects
of the trade policies on the United States.
``(6) A description of the extent to which the financial
stabilization programs have resulted in appropriate burden-sharing
among private sector creditors, including rescheduling of
outstanding loans by lengthening maturities, agreements on debt
reduction, and the extension of new credit.
``(7) A description of the extent to which the economic
adjustment policies of the International Monetary Fund and the
policies of the government of the country adequately balance the
need for financial stabilization, economic growth, environmental
protection, social stability, and equity for all elements of the
society.
``(8) Whether International Monetary Fund involvement in labor
market flexibility measures has had a negative effect on core worker
rights, particularly the rights of free association and collective
bargaining.
``(9) A description of any pattern of abuses of core worker
rights in recipient countries.
``(10) The amount, rate of interest, and disbursement and
repayment schedules of any funds disbursed from the stabilization
fund established under section 5302 of title 31, United States Code,
in the form of loans, credits, guarantees, or swaps, in support of
the financial stabilization programs.
``(11) The amount, rate of interest, and disbursement and
repayment schedules of any funds disbursed by the International
Monetary Fund to the countries in support of the financial
stabilization programs.]
[``(b) Timing.--Not later than March 15, 1999, and semiannually
thereafter, the Secretary of the Treasury shall submit to the Committees
on Banking and Financial Services and International Relations of the
House of Representatives and the Committees on Foreign Relations, and
Banking, Housing, and Urban Affairs of the Senate a report on the
matters described in subsection (a).''.]
[annual report and testimony on the state of the international financial
system, imf reform, and compliance with imf agreements]
[Sec. 613. Title XVII of the International Financial Institutions
Act (22 U.S.C. 262r-262r-2) is further amended by adding at the end the
following:]
[``SEC. 1705. ANNUAL REPORT AND TESTIMONY ON THE STATE OF THE
INTERNATIONAL FINANCIAL SYSTEM, IMF REFORM, AND COMPLIANCE WITH IMF
AGREEMENTS.
``(a) Reports.--Not later than October 1 of each year, the Secretary
of the Treasury shall submit to the Committee on Banking and Financial
Services of the House of Representatives and the Committee on Foreign
Relations of the Senate a written report on the progress (if any) made
by the United States Executive Director at the International Monetary
Fund in influencing the International Monetary Fund to adopt the
policies and reform its internal procedures in the manner described in
section 1503.]
[``(b) Testimony.--After submitting the report required by
subsection (a) but not later than March 1 of each year, the Secretary of
the Treasury shall appear before the Committee on Banking and Financial
Services of the House of Representatives and the Committee on Foreign
Relations of the Senate and present testimony on--
``(1) any progress made in reforming the International Monetary
Fund;
``(2) the status of efforts to reform the international
financial system; and
``(3) the compliance of countries which have received assistance
from the International Monetary Fund with agreements made as a
condition of receiving the assistance.''.]
[audits of the international monetary fund]
[Sec. 614. Title XVII of the International Financial Institutions
Act (22 U.S.C. 262r-262r-2) is further amended by adding at the end the
following:]
[``SEC. 1706. AUDITS OF THE INTERNATIONAL MONETARY FUND.
``(a) Access to Materials.--Not later than 30 days after the date of
the enactment of this section, the Secretary of the Treasury shall
certify to the Committee on Banking and Financial Services of the House
of Representatives and the Committee on Foreign Relations of the Senate
that the Secretary has instructed the United States Executive Director
at the International Monetary Fund to facilitate timely access by the
General Accounting Office to information and documents of the
International Monetary Fund needed by the Office to perform financial
reviews of the International Monetary Fund that will facilitate the
conduct of United States policy with respect to the Fund.]
[``(b) Reports.--Not later than June 30, 1999, and annually
thereafter, the Comptroller General of the United States shall prepare
and submit to the committees specified in subsection (a), the Committee
on Appropriations of the House of Representatives, and the Committee on
Appropriations of the Senate a report on the financial operations of the
Fund during the preceding year, which shall include--
``(1) the current financial condition of the International
Monetary Fund;
``(2) the amount, rate of interest, disbursement schedule, and
repayment schedule for any loans that were initiated or outstanding
during the preceding calendar year, and with respect to disbursement
schedules, the report shall identify and discuss in detail any
conditions required to be fulfilled by a borrower country before a
disbursement is made;
[[Page 1049]]
``(3) a detailed description of whether the trade policies of
borrower countries permit free and open trade by the United States
and other foreign countries in the borrower countries;
``(4) a detailed description of the export policies of borrower
countries and whether the policies may result in increased export of
their products, goods, or services to the United States which may
have significant adverse effects on, or result in unfair trade
practices against or affecting United States companies, farmers, or
communities;
``(5) a detailed description of any conditions of International
Monetary Fund loans which have not been met by borrower countries,
including a discussion of the reasons why such conditions were not
met, and the actions taken by the International Monetary Fund due to
the borrower country's noncompliance;
``(6) an identification of any borrower country and loan on
which any loan terms or conditions were renegotiated in the
preceding calendar year, including a discussion of the reasons for
the renegotiation and any new loan terms and conditions; and
``(7) a specification of the total number of loans made by the
International Monetary Fund from its inception through the end of
the period covered by the report, the number and percentage (by
number) of such loans that are in default or arrears, and the
identity of the countries in default or arrears, and the number of
such loans that are outstanding as of the end of period covered by
the report and the aggregate amount of the outstanding loans and the
average yield (weighted by loan principal) of the historical and
outstanding loan portfolios of the International Monetary Fund.''.]
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1999, as included in Public Law 105-277, section
101(d).)