[Appendix]
[Detailed Budget Estimates by Agency]
[Small Business Administration]
[From the U.S. Government Printing Office, www.gpo.gov]
THE BUDGET FOR FISCAL YEAR 2002
SMALL BUSINESS ADMINISTRATION
For 2002, the Small Business Administration (SBA) budget requests
$539 million in new budget authority. This budget request includes two
specific initiatives that were expressed in the President's campaign.
First, SBA requests $5 million for the ``New Freedom'' initiative, which
provides small businesses with technical assistance to comply with the
provisions of the Americans with Disabilities Act. Second, $5 million is
included to fund the Drug-Free Workplace Program, which will be used to
support small businesses' efforts to effectively address this problem.
SBA's continuing operations will provide $18 billion in new loans to
small businesses, slightly increased funding for non-credit programs,
and funding for the disaster loan program through the National Emergency
Reserve. SBA will propose legislative changes that permit counseling
fees for Small Business Development Center clients and increased fees to
fund the General Business Section 7(a) and Small Business Investment
Company loan programs to make these lending programs self-sufficient.
Federal Funds
General and special funds:
Salaries and Expenses
For necessary expenses, not otherwise provided for, of the Small
Business Administration as authorized by Public Law 105-135, including
hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and
1344, and not to exceed $3,500 for official reception and representation
expenses, [$331,635,000] $321,219,000: Provided, That the Administrator
is authorized to charge fees to cover the cost of publications developed
by the Small Business Administration, and certain loan servicing
activities: Provided further, That, notwithstanding 31 U.S.C. 3302,
revenues received from all such activities shall be credited to this
account, to be available for carrying out these purposes without further
appropriations: Provided further, That [$88,000,000] $75,806,000 shall
be available to fund grants for performance in fiscal year [2001] 2002
or fiscal year [2002] 2003 as authorized by section 21 of the Small
Business Act, as amended[: Provided further, That, of the funds made
available under this heading, $4,000,000 shall be for the National
Veterans Business Development Corporation established under section
33(a) of the Small Business Act (15 U.S.C. 657c)].
[In addition, for the costs of programs related to the New Markets
Venture Capital Program, $37,000,000, of which $7,000,000 shall be for
BusinessLINC, and of which $30,000,000 shall be for technical
assistance: Provided, That the funds appropriated under this paragraph
shall not be available for obligation until the New Markets Venture
Capital Program is authorized by subsequent legislation.]
In addition, to reimburse the Small Business Administration for
qualified expenses of delinquent non-tax debt collection, to be derived
from increased agency collections of delinquent debt, 5 percent of such
collections but not to exceed $3,000,000. (Departments of Commerce,
Justice, and State, the Judiciary, and Related Agencies Appropriations
Act, 2001, as enacted by section 1(a)(2) of P.L. 106-553.)
[For an additional amount for ``Salaries and Expenses'', $1,000,000
shall be available for a grant to the Electronic Commerce Resource
Center in Scranton, Pennsylvania, to establish an electronic commerce
technology distribution center.] (Division A, Miscellaneous
Appropriations Act, 2001, as enacted by section 1(a)(4) of P.L. 106-
554.)
Program and Financing (in millions of dollars)
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Identification code 73-0100-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Government contracting and
minority enterprise development. 25 37 32
00.02 Disaster assistance............... 114 124 70
00.04 Management and administration..... 109 125 90
00.05 Executive direction............... 4 4 10
00.06 General counsel................... 7 7 8
00.07 Congressional and legislative
affairs......................... 1 1 1
00.08 Hearings and appeals.............. 1 1 1
00.09 Communications and publications... 3 3 2
00.11 Advocacy.......................... 6 6 6
00.12 Field operations.................. 2 2 2
00.13 Equal employment opportunity and
civil rights compliance......... 2 2 2
00.14 Regional and district offices..... 136 142 147
00.15 Chief financial officer........... 8 8 9
00.16 Capital Access.................... 47 93 48
00.17 Entrepreneurial development....... 112 124 108
00.18 Small disadvantaged businesses.... 7 2 2
--------- --------- ----------
10.00 Total new obligations........... 584 681 538
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Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 5 5
22.00 New budget authority (gross)...... 585 680 534
22.10 Resources available from
recoveries of prior year
obligations..................... 4
22.21 Unobligated balance transferred to
Y2K Fund........................ -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 591 685 539
23.95 Total new obligations............. -584 -681 -538
23.98 Unobligated balance expiring or
withdrawn....................... -2
24.40 Unobligated balance carried
forward, end of year............ 5 5 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 323 411 321
40.35 Appropriation rescinded......... -3
40.76 Reduction pursuant to P.L. 106-
113........................... -11
40.77 Reduction pursuant to P.L. 106-
554 (0.22 percent)............ -1
41.00 Transferred to other accounts... -4
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 305 410 321
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 280 270 213
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 280 270 213
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 585 680 534
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Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 217 250 294
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 217 250 294
73.10 Total new obligations............. 584 681 538
73.20 Total outlays (gross)............. -535 -635 -610
73.40 Adjustments in expired accounts
(net)........................... -12
73.45 Recoveries of prior year
obligations..................... -4
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 250 294 222
--------- --------- ----------
74.99 Obligated balance, end of year 250 294 222
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 406 496 390
86.93 Outlays from discretionary
balances........................ 129 140 220
--------- --------- ----------
87.00 Total outlays (gross)........... 535 635 610
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Federal sources:
88.00 Payments from business loan
program account........... -129 -129 -129
88.00 Payments from disaster loan
program account........... -136 -133 -79
88.00 Federal sources............. -12 -5 -2
88.40 Non-Federal sources........... -3 -3 -3
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -280 -270 -213
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 305 410 321
[[Page 1090]]
90.00 Outlays........................... 255 365 397
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The appropriation for this account is necessary to cover the
administrative expenses for headquarters and non-credit programs.
Object Classification (in millions of dollars)
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Identification code 73-0100-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 170 176 182
11.3 Other than full-time permanent.. 10 11 11
11.5 Other personnel compensation.... 3 3 3
--------- --------- ----------
11.9 Total personnel compensation.. 183 190 196
12.1 Civilian personnel benefits....... 42 45 47
21.0 Travel and transportation of
persons......................... 7 7 7
22.0 Transportation of things.......... 1 1
23.1 Rental payments to GSA............ 27 27 30
23.2 Rental payments to others......... 1
23.3 Communications, utilities, and
miscellaneous charges........... 6 6 5
24.0 Printing and reproduction......... 1 1 2
25.2 Other services.................... 44 56 52
26.0 Supplies and materials............ 1 1
31.0 Equipment......................... 2 2 1
41.0 Grants, subsidies, and
contributions................... 149 219 125
Undistributed:
92.0 Undistributed (disaster loan
making)....................... 85 90 40
92.0 Undistributed (disaster loan
servicing).................... 29 34 30
92.0 Undistributed (SDB)............. 7 2 2
--------- --------- ----------
99.9 Total new obligations........... 584 681 538
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Personnel Summary
----------------------------------------------------------------------------
Identification code 73-0100-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 4,147 4,041 4,019
---------------------------------------------------------------------------
Note.--The personnel summary includes regular (non-disaster) full-
time equivalents (FTEs) of 3010, 2882, and 2788 in 2000, 2001, and 2002
respectively.
Office of Inspector General
For necessary expenses of the Office of Inspector General in
carrying out the provisions of the Inspector General Act of 1978, as
amended (5 U.S.C. App.), [$11,953,000] $11,927,000. (Departments of
Commerce, Justice, and State, the Judiciary, and Related Agencies
Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106-
553.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-0200-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 General Office.................... 1 1 1
00.02 Audit............................. 4 5 5
00.03 Investigations.................... 5 5 5
00.04 Management / Legal Counsel /
Inspection and Evaluation....... 1 1 1
--------- --------- ----------
10.00 Total new obligations........... 11 12 12
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1 1
22.00 New budget authority (gross)...... 11 12 12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 12 12 13
23.95 Total new obligations............. -11 -12 -12
24.40 Unobligated balance carried
forward, end of year............ 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 11 12 12
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 11 12 12
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 11 12 13
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 11 12 12
73.20 Total outlays (gross)............. -10 -11 -12
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 10 11 12
86.93 Outlays from discretionary
balances........................ 1
--------- --------- ----------
87.00 Total outlays (gross)........... 10 11 12
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Payments from disaster
loan program account.......... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 11 12 11
90.00 Outlays........................... 11 11 11
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The budget proposes $11.9 million in new budget authority and $500
thousand transferred from the Disaster Loans Program account for a total
of $12.4 million for the Office of Inspector General (OIG) for 2002.
This appropriation provides funds for agency-wide audit, investigative,
and inspection/evaluation functions to promote economy and efficiency in
agency operations and to prevent and detect fraud, waste, and abuse.
Object Classification (in millions of dollars)
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Identification code 73-0200-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Personnel compensation:
11.1 Full-time permanent............. 9 10 8
11.5 Other personnel compensation.... 1
--------- --------- ----------
11.9 Total personnel compensation.. 9 10 9
12.1 Civilian personnel benefits....... 2 2 2
25.1 Advisory and assistance services.. 1
--------- --------- ----------
99.9 Total new obligations........... 11 12 12
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Personnel Summary
----------------------------------------------------------------------------
Identification code 73-0200-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 115 119 119
---------------------------------------------------------------------------
Public enterprise funds:
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4156-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable obligations.......... 14 5 4
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 14 5 4
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 40 32 29
22.00 New budget authority (gross)...... 6 2 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 46 34 32
23.95 Total new obligations............. -14 -5 -4
24.40 Unobligated balance carried
forward, end of year............ 32 29 28
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[[Page 1091]]
New budget authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 6 2 3
6 2 3
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 1 1 1
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 1 1 1
73.10 Total new obligations............. 14 5 4
73.20 Total outlays (gross)............. -13 -5 -4
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 1 1 1
--------- --------- ----------
74.99 Obligated balance, end of year 1 1 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 6 2 3
86.93 Outlays from discretionary
balances........................ 7 3 1
--------- --------- ----------
87.00 Total outlays (gross)........... 13 5 4
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -6 -2 -3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 7 3 1
---------------------------------------------------------------------------
SBA is authorized to issue bond guarantees to surety companies for
construction, service, and supply contracts that do not exceed
$2,000,000 and to reimburse these sureties up to 90 percent of the
losses sustained if the contractor defaults. SBA's guarantees provide
the incentive necessary for sureties to issue bonds to small contractors
who could not otherwise compete in the contracting industry.
In 2002, the budget proposes a $1.7 billion program level that is
anticipated to be sufficient to accommodate demand from prior-approval
and preferred sureties. This program does not require a subsidy
appropriation.
Statement of Operations (in millions of dollars)
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Identification code 73-4156-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 9 14 7 6
0102 Expense........................... -7 -14 -6 -6
------------ -------------- ------------ -------------
0105 Net income or loss (-)............ 2 1
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Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4156-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 41 33 34 42
Investments in US securities:
1106 Receivables, net.............. 7 8
------------ -------------- ------------ -------------
1999 Total assets.................... 41 40 42 42
LIABILITIES:
2201 Non-Federal liabilities: Accounts
payable......................... 37 37 36 36
------------ -------------- ------------ -------------
2999 Total liabilities............... 37 37 36 36
NET POSITION:
3100 Appropriated capital.............. 332 303 332 332
3300 Cumulative results of operations.. -326 -300 -326 -326
------------ -------------- ------------ -------------
3999 Total net position.............. 6 3 6 6
------------ -------------- ------------ -------------
4999 Total liabilities and net position 43 40 42 42
-----------------------------------------------------------------------------------------------
Credit accounts:
Business Loans Program Account
For the cost of direct loans, [$2,250,000] $1,500,000, to be
available until expended[; and for the cost of guaranteed loans,
$163,160,000, as authorized by 15 U.S.C. 631 note, of which $45,000,000
shall remain available until September 30, 2002: Provided, That of the
total provided, $22,000,000 shall be available only for the costs of
guaranteed loans under the New Markets Venture Capital program and shall
become available for obligation only upon authorization of such program
by the enactment of subsequent legislation in fiscal year 2001]:
Provided [further], That such costs, including the cost of modifying
such loans, shall be as defined in section 502 of the Congressional
Budget Act of 1974, as amended: Provided further, That during fiscal
year [2001] 2002, commitments to guarantee loans under section 503 of
the Small Business Investment Act of 1958, as amended, shall not exceed
$3,750,000,000: Provided further, That during fiscal year [2001] 2002,
commitments for general business loans authorized under section 7(a) of
the Small Business Act, as amended, shall not exceed [$10,000,000,000
without prior notification of the Committees on Appropriations of the
House of Representatives and Senate in accordance with section 605 of
this Act] $10,700,000,000: Provided further, That during fiscal year
[2001] 2002, guarantee commitments [to guarantee loans] under section
303(b) of the Small Business Investment Act of 1958, as amended, shall
not exceed [$500,000,000] $3,100,000,000.
In addition, for administrative expenses to carry out the direct and
guaranteed loan programs, $129,000,000, which may be transferred to and
merged with the appropriations for Salaries and Expenses. (Departments
of Commerce, Justice, and State, the Judiciary, and Related Agencies
Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106-
553.)
General Fund Credit Receipt Accounts (in millions of dollars)
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Identification code 73-1154-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
0101 Business loan program, negative
subsidies....................... 27
0102 Business loan program, downward
reestimates of subsidies........ 284 722
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1154-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 2 2 2
00.02 Guaranteed loan subsidy........... 191 179
00.05 Reestimate of direct loan......... 1
00.07 Reestimate of loan guarantee
subsidy......................... 3 31
00.08 Interest on reestimates of loan
guarantee subsidy............... 2 3
00.09 Administrative expenses........... 129 130 129
--------- --------- ----------
10.00 Total new obligations........... 327 346 131
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Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 76 56 38
22.00 New budget authority (gross)...... 264 328 131
22.10 Resources available from
recoveries of prior year
obligations..................... 41
22.22 Unobligated balance transferred
from other accounts............. 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 383 384 169
23.95 Total new obligations............. -327 -346 -131
24.40 Unobligated balance carried
forward, end of year............ 56 38 39
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 267 294 131
40.35 Appropriation rescinded......... -13
40.77 Reduction pursuant to P.L. 106-
554 (0.22 percent)............ -1
42.00 Transferred from other accounts. 5
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 259 293 131
Mandatory:
60.05 Appropriation (indefinite)...... 5 35
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 264 328 131
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Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 109 88 124
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 109 88 124
73.10 Total new obligations............. 327 346 131
73.20 Total outlays (gross)............. -283 -310 -192
73.40 Adjustments in expired accounts
(net)........................... -24
73.45 Recoveries of prior year
obligations..................... -41
[[Page 1092]]
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 88 124 63
--------- --------- ----------
74.99 Obligated balance, end of year 88 124 63
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 190 185 83
86.93 Outlays from discretionary
balances........................ 88 125 109
86.97 Outlays from new mandatory
authority....................... 5
--------- --------- ----------
87.00 Total outlays (gross)........... 283 310 192
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 264 328 131
90.00 Outlays........................... 283 310 192
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1154-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Micro loans....................... 27 34 21
--------- --------- ----------
1159 Total direct loan levels........ 27 34 21
Direct loan subsidy (in percent):
1320 Micro loans....................... 8.54 8.95 6.78
--------- --------- ----------
1329 Weighted average subsidy rate... 8.54 8.95 6.78
Direct loan subsidy budget authority:
1330 Micro loans....................... 2 2 2
1330 Subsidy reestimation.............. 1
--------- --------- ----------
1339 Total subsidy budget authority.. 2 3 2
Direct loan subsidy outlays:
1340 Micro loans....................... 2 2 1
1340 Subsidy outlays-reestimates....... 1
--------- --------- ----------
1349 Total subsidy outlays........... 2 3 1
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Microloan guarantees.............. 1 2 2
2150 General business--7(a)............ 9,680 9,804 10,700
2150 General business--7(a) DELTA...... 16 20 20
2150 Section 504....................... 1,809 3,750 3,750
2150 Section 504 DELTA................. 2 3
2150 SBIC debentures................... 385 500 600
2150 SBIC participating securities..... 1,261 1,957 2,500
2150 New Market Venture Capital........ 152
--------- --------- ----------
2159 Total loan guarantee levels..... 13,152 16,187 17,575
Guaranteed loan subsidy (in percent):
2320 Microloan guarantees.............. 8.32 7.95 8.17
2320 General business--7(a)............ 1.16 1.17 1.07
2320 General business--7(a) DELTA...... 1.83 1.88 0.66
2320 Section 504 program............... 0.00 0.00 0.00
2320 Section 504 DELTA................. 1.13 0.89 0.84
2320 SBIC debentures................... 0.00 0.00 0.00
2320 SBIC Participating Securities..... 1.80 1.31 1.87
2320 New Markets Venture Capital....... 15.00 14.44 14.47
2320 Y2k............................... 4.07 4.04 0.00
--------- --------- ----------
2329 Weighted average subsidy rate... 1.20 1.08 0.00
Guaranteed loan subsidy budget authority:
2330 General business--7(a)............ 112 115
2330 SBIC participating securities..... 24 26
2330 New Markets Ventue Capital........ 6 22
2330 SBIC Debentures- upward reestimate 34
2330 Section 504- upward reestimate.... 5
2330 7(a) downward reestimate.......... -284 -117
2330 Section 504 downward reestimate... -180
2330 SBIC Debentures downward
reestimate...................... -91
2330 SBIC Participating Securities
Downward reestimate............. -334
--------- --------- ----------
2339 Total subsidy budget authority.. -137 -525
Guaranteed loan subsidy outlays:
2340 Microloan guarantees.............. 1
2340 General business--7(a)............ 113 110
2340 General business--7(a) DELTA...... 2
2340 SBIC participating securities..... 24 22
2340 New Market Venture Capital........ 6 12
2340 Y2K............................... 1
2340 Section 504 upward reestimate..... 5
2340 SBIC debentures upward reestimate. 34
2340 7(a) downward reestimate.......... -284 -117
2340 Section 504 downward reestimate... -180
2340 SBIC debentures downward
reestimate...................... -91
2340 SBIC participating securities
downward reestimate............. -334
--------- --------- ----------
2349 Total subsidy outlays........... -132 -544
----------------------------------------------------------------------------
Administrative expense data:
3510 Budget authority.................. 129 129 129
3590 Outlays from new authority........ 129 129 129
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
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
administrative expenses of this program. The subsidy amounts are
estimated on a present value basis; the administrative expenses are
estimated on a cash basis.
For 2002, the budget proposes $130.5 million in new budget authority
for the Business Loans Program account. This amount will be used to
administer the loan programs and support $20.5 million in loans through
the Microloan Direct program. For all other loan programs, we are
proposing legislation to increase borrowing fees sufficient to cover
subsidy obligations.
The Section 7(a) program provides general business credit
assistance. The requested program level for 2002 is $10.7 billion. The
Section 504 CDC Program is for long-term fixed rate financing and will
require a program level of $3.75 billion in 2002. The Small Business
Investment Companies (SBIC) program provides debt and equity capital.
The budget proposes a program level of $2.5 billion for SBIC
Participating Securities and $600 million for SBIC Debentures. The
Microloan Direct program provides loans of $35,000 or less through
intermediaries.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1154-0-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
25.2 Other services.................... 129 130 129
41.0 Grants, subsidies, and
contributions................... 198 216 2
--------- --------- ----------
99.9 Total new obligations........... 327 346 131
---------------------------------------------------------------------------
Business Loans Program Account
(Legislative proposal, not subject to PAYGO)
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1154-2-1-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
2320 General business--7(a)............ -1.07
2320 SBIC participating securities..... -1.87
--------- --------- ----------
2329 Weighted average subsidy rate... 0.00
---------------------------------------------------------------------------
The Administration proposes to make the 7(a) General Business Loan
and Small Business Investment Companies Participating Securities
programs self-financing through fee increases, saving $141 million in
government subsidies. The Administration's fee proposal acknowledges
that some small businesses may have trouble accessing capital but does
not require the government to subsidize their cost of borrowing.
[[Page 1093]]
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4148-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 29 60 21
00.02 Interest on Treasury borrowing.... 24 29 28
Other expenses:
00.03 Other expenses.................. 17 5
--------- --------- ----------
10.00 Total new obligations........... 70 89 54
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 311 374
22.00 New financing authority (gross)... 151 86 96
22.40 Capital transfer to general fund.. -335
22.60 Portion applied to repay debt..... -18 -36 -42
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 444 89 54
23.95 Total new obligations............. -70 -89 -54
24.40 Unobligated balance carried
forward, end of year............ 374
----------------------------------------------------------------------------
New financing authority (gross), detail:
Discretionary:
47.05 Authority to borrow (indefinite) 27 24 19
Spending authority from offsetting
collections:
68.00 Offsetting collections (cash)... 102 61 77
68.10 Change in receivables from
program account............... 22 1
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)....... 124 62 77
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 151 86 96
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Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 26 111 120
72.95 Uncollected customer payments
from program account, start of
year.......................... -1 -23 -24
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 25 88 96
73.10 Total new obligations............. 70 89 54
73.20 Total financing disbursements
(gross)......................... 15 -80 -60
74.00 Change in uncollected customer
payments from Federal sources... -22 -1
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 111 120 114
74.95 Uncollected customer payments
from program account, end of
year.......................... -23 -24 -24
--------- --------- ----------
74.99 Obligated balance, end of year 88 96 90
87.00 Total financing disbursements
(gross)......................... -15 80 60
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -2 -3 -1
Non-Federal sources:
88.40 Repayments of principal, net -36 -19 -23
88.40 Interest received on loans.. -22 -22 -28
88.40 Other income................ -42 -17 -25
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -102 -61 -77
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -22 -1
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 27 24 19
90.00 Financing disbursements........... -117 19 -17
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4148-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1131 Direct loan obligations exempt
from limitation................. 30 60 25
--------- --------- ----------
1150 Total direct loan obligations... 30 60 25
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 93 60 93
Disbursements:
1231 Direct loan disbursements....... 15 48 18
1232 Purchase of loans assets from
the public.................... -30
1251 Repayments: Repayments and
prepayments..................... -16 -8 -10
1263 Write-offs for default: Direct
loans........................... -2 -7 -5
--------- --------- ----------
1290 Outstanding, end of year........ 60 93 96
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
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 73-4148-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 463 473 572
Investments in US securities:
1106 Receivables, net.............. 355 68 70 71
1206 Non-Federal assets: Receivables,
net............................. 29 30 31
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 83 2 3 4
1405 Allowance for subsidy cost (-).. -1 -2
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 83 2 2 2
1504 Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
Foreclosed property............. 9
------------ -------------- ------------ -------------
1999 Total assets.................... 447 562 575 676
LIABILITIES:
Federal liabilities:
2101 Accounts payable................ 24 27 28 30
2104 Resources payable to Treasury... 377 535 547 646
------------ -------------- ------------ -------------
2999 Total liabilities............... 401 562 575 676
------------ -------------- ------------ -------------
4999 Total liabilities and net position 401 562 575 676
-----------------------------------------------------------------------------------------------
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4149-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Default claims.................... 681 720 762
00.05 Other Expenses.................... 293 283 289
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal...................... 974 1,003 1,051
08.01 Negative subsidy asset sale....... 3 27
08.02 Payment of downward reestimate to
receipt account................. 238 558
08.03 Payment to liquidating account to
purchase loan assets (73-4154).. 39 24 24
08.04 Payment of interest on downward
reestimate to receipt account... 46 164
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal...................... 326 773 24
--------- --------- ----------
10.00 Total new obligations........... 1,300 1,776 1,075
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1,027 846 88
22.00 New financing authority (gross)... 1,119 1,018 1,126
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,146 1,864 1,214
23.95 Total new obligations............. -1,300 -1,776 -1,075
24.40 Unobligated balance carried
forward, end of year............ 846 88 139
----------------------------------------------------------------------------
New financing authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 1,121 1,079 1,126
68.10 Change in uncollected customer
payments from Federal
sources..................... -2 -61
--------- --------- ----------
[[Page 1094]]
68.90 Spending authority from
offsetting collections
(total discretionary)..... 1,119 1,018 1,126
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... -87 176 777
72.95 Uncollected customer payments
from program account, start of
year.......................... -118 -116 -55
--------- --------- ----------
72.99 Obligated balance, start of
year........................ -205 60 722
73.10 Total new obligations............. 1,300 1,776 1,075
73.20 Total financing disbursements
(gross)......................... -1,037 -1,175 -1,472
74.00 Change in uncollected customer
payments from Federal sources... 2 61
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 176 777 380
74.95 Uncollected customer payments
from program account, end of
year.......................... -116 -55 -55
--------- --------- ----------
74.99 Obligated balance, end of year 60 722 325
87.00 Total financing disbursements
(gross)......................... 1,037 1,175 1,472
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
Federal sources:
88.00 Payments from program
account................... -151 -178
88.00 Upward restimate............ -3 -31
88.00 Interest on reestimate...... -2 -3
88.25 Interest on uninvested funds.. -22 -45 -46
Non-Federal sources:
88.40 Fees........................ -435 -588 -800
88.40 Proceeds from loan asset
sales..................... -60 -80 -124
88.40 other....................... -448 -154 -156
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -1,121 -1,079 -1,126
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. 2 61
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -84 96 346
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4149-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 14,874 16,187 17,575
2112 Uncommitted loan guarantee
limitation...................... -3,006
2131 Guaranteed loan commitments exempt
from limitation................. 1,284
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 13,152 16,187 17,575
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 36,767 31,739 27,572
2231 Disbursements of new guaranteed
loans........................... 12,149 10,488 9,111
2251 Repayments and prepayments........ -16,463 -13,965 -5,338
Adjustments:
2261 Terminations for default that
result in loans receivable.... -681 -656 -670
2264 Other adjustments, net.......... -33 -34 -35
--------- --------- ----------
2290 Outstanding, end of year........ 31,739 27,572 30,640
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 23,280 20,679 22,459
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 753 817 1,011
2331 Disbursements for guaranteed
loan claims................... 681 656 670
2351 Repayments of loans receivable.. -204 -210 -214
2361 Write-offs of loans receivable.. -236 -118 -61
2364 Other adjustments, net.......... -177 -134 -137
--------- --------- ----------
2390 Outstanding, end of year...... 817 1,011 1,269
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
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 73-4149-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 822 906 924 943
Investments in US securities:
1106 Receivables, net.............. 66 120 179 183
1207 Non-Federal assets: Advances and
prepayments..................... 449 245 250
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501 Defaulted guaranteed loans
receivable, gross............. 834 817 1,011 1,269
1502 Interest receivable............. 38 37 41 42
1505 Allowance for subsidy cost (-).. -215 -78 -88 -90
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............ 657 776 964 1,221
1901 Other Federal assets: Other assets 128 197 238 243
------------ -------------- ------------ -------------
1999 Total assets.................... 1,673 2,448 2,550 2,840
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 1,786 2,448 2,550 2,840
------------ -------------- ------------ -------------
2999 Total liabilities............... 1,786 2,448 2,550 2,840
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1,786 2,448 2,550 2,840
-----------------------------------------------------------------------------------------------
Business Guaranteed Loan Financing Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4149-2-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 55
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 55
24.40 Unobligated balance carried
forward, end of year............ 55
----------------------------------------------------------------------------
New financing authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
Offsetting collections (cash):
68.00 Offsetting collections
(cash) 7(a) loan program.. 47
68.00 Offsetting collections
(cash) SBIC Participating
Securities program........ 8
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 55
----------------------------------------------------------------------------
Change in unpaid obligations:
73.20 Total financing disbursements
(gross)......................... -55
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. -55
--------- --------- ----------
74.99 Obligated balance, end of year -55
87.00 Total financing disbursements
(gross)......................... 55
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
Non-Federal sources:
88.40 Fees from 7(a) loan program. -47
[[Page 1095]]
88.40 Fees from SBIC Participating
Securities................ -8
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -55
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........
---------------------------------------------------------------------------
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Interest Expense to Treasury...... 31 25 20
00.03 Msc. program expenses............. 492 120 150
00.05 Guaranteed loan default claims.... 26 100 65
--------- --------- ----------
10.00 Total new obligations........... 549 245 235
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 126 185
22.00 New budget authority (gross)...... 199 617 327
22.10 Resources available from
recoveries of prior year
obligations..................... 571
22.21 Transferred to other accounts..... -1
22.40 Capital transfer to general fund.. -126 -535 -74
22.60 Portion applied to repay debt..... -35 -22 -18
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 734 245 235
23.95 Total new obligations............. -549 -245 -235
24.40 Unobligated balance carried
forward, end of year............ 185
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 199 617 327
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 653 679 449
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 653 679 449
73.10 Total new obligations............. 549 245 235
73.20 Total outlays (gross)............. 48 -475 -262
73.45 Recoveries of prior year
obligations..................... -571
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 679 449 422
--------- --------- ----------
74.99 Obligated balance, end of year 679 449 422
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... -48 475 262
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Loan repayments:
Non-Federal sources:
88.40 Financing programs-
principal............... -70 -80 -65
88.40 Investment programs-
principal............... -15 -20 -15
88.40 Interest Income-Business.. -9 -25 -20
88.40 Interest income-Investment -3 -2 -1
88.40 Net changes in Receivables
from the Public Business -4 -50 -25
88.40 Net changes in Receivables
from the public-
Investment.............. -1 -7 -2
88.40 Sale of acquired
collateral-business..... -8 -10 -6
88.40 Principal collections on
judgements, notes,and
other receivables-
Business................ -7 -51 -25
88.40 Principal collections on
judgements and other
receivables-Investment.. -5 -10 -7
88.40 collection on FFB loans... -35 -22 -20
88.40 Other Income-both Business
and Investment.......... -3 -316 -117
88.40 Asset sale proceeds....... -39 -24 -24
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -199 -617 -327
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -247 -142 -65
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Business Loan Fund, Direct
Loans
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 555 326 149
1232 Disbursements: Purchase of loans
assets from the public.......... 20 22 18
Repayments:
1251 Repayments and prepayments...... -126 -119 -39
1252 Proceeds from loan asset sales
to the public or discounted... -39 -24 -24
1262 Adjustments: Discount on loan
asset sales to the public or
discounted...................... -36 -15
1263 Write-offs for default: Direct
loans........................... -48 -41 -13
--------- --------- ----------
1290 Outstanding, end of year........ 326 149 91
----------------------------------------------------------------------------
Small Business Investment
Company, Direct Loans
Section 503 Development
Company, Direct Loans
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 193 159 137
Repayments:
1251 Repayments and prepayments...... -20 -13 -15
1252 Proceeds from loan asset sales
to the public or discounted... -14 -9 -5
--------- --------- ----------
1290 Outstanding, end of year........ 159 137 117
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Business Loan Fund, Loan
Guarantees
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 2,652 2,010 1,578
2231 Disbursements of new guaranteed
loans........................... 1 1
2251 Repayments and prepayments........ -614 -399 -313
Adjustments:
2261 Terminations for default that
result in loans receivable.... -26 -28 -22
2264 Other adjustments, net.......... -3 -6 -5
--------- --------- ----------
2290 Outstanding, end of year........ 2,010 1,578 1,238
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,766 1,442 1,127
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 1,378 1,320 1,242
2331 Disbursements for guaranteed
loan claims................... 26 28 22
2361 Write-offs of loans receivable.. -9 -6
2364 Other adjustments, net.......... -75 -100
--------- --------- ----------
2390 Outstanding, end of year...... 1,320 1,242 1,264
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
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 and
financing accounts.
Statement of Operations (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4154-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 151 107 95 65
0102 Expense........................... -73 -68 -60 -30
------------ -------------- ------------ -------------
0105 Net income or loss (-)............ 78 39 35 35
-----------------------------------------------------------------------------------------------
[[Page 1096]]
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4154-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 779 920 750 520
Investments in US securities:
1104 Agency securities, par........ 245 418 113 90
1107 Advances and prepayments...... 6 3 4 1
Non-Federal assets:
1206 Receivables, net................ 214 913 310 209
1207 Advances and prepayments........ 8 8 5 2
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601 Direct loans, gross............. 748 484 286 208
1603 Allowance for estimated
uncollectible loans and
interest (-).................. -303 -73 -50 -35
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 445 411 236 173
1901 Other Federal assets: Other assets 21 115 84 30
------------ -------------- ------------ -------------
1999 Total assets.................... 1,718 2,788 1,502 1,025
LIABILITIES:
Federal liabilities:
2101 Accounts payable................ 1,123 48 35 20
2102 Interest payable................ 57 96 67 46
2103 Debt to the FFB................. 193 159 137 97
2105 Other Liabilities............... 1,459 815 535
Non-Federal liabilities:
2201 Accounts payable................ 13 108 54 35
2204 Liabilities for loan guarantees. 18 13 19 11
2207 Other Liabilities............... 313 905 375 281
------------ -------------- ------------ -------------
2999 Total liabilities............... 1,717 2,788 1,502 1,025
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1,717 2,788 1,502 1,025
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4154-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
42.0 Insurance claims and indemnities.. 518 230 215
43.0 Interest and dividends............ 31 15 20
--------- --------- ----------
99.9 Total new obligations........... 549 245 235
---------------------------------------------------------------------------
Disaster Loans Program Account
[For the cost of direct loans authorized by section 7(b) of the
Small Business Act, as amended, $76,140,000, to remain available until
expended: 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, as amended.]
[In addition, for] For administrative expenses to carry out the
direct loan program, [$108,354,000] $75,354,000, which may be
transferred to and merged with appropriations for Salaries and Expenses,
of which $500,000 is for the Office of Inspector General of the Small
Business Administration for audits and reviews of disaster loans and the
disaster loan program and shall be transferred to and merged with
appropriations for the Office of Inspector General; of which
[$98,000,000] $65,000,000 is for direct administrative expenses of loan
making and servicing to carry out the direct loan program; and of which
$9,854,000 is for indirect administrative expenses[: Provided, That any
amount in excess of $9,854,000 to be transferred to and merged with
appropriations for Salaries and Expenses for indirect administrative
expenses shall be treated as a reprogramming of funds under section 605
of this Act and shall not be available for obligation or expenditure
except in compliance with the procedures set forth in that section].
(Departments of Commerce, Justice, and State, the Judiciary, and Related
Agencies Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L.
106-553.)
General Fund Credit Receipt Accounts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1152-0-1-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
0101 Disaster loans program, negative
subsidies....................... 595
0102 Disaster loans program, downward
reestimates of subsidies........ 516 384
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1152-0-1-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loan subsidy............... 174 144 33
00.09 Administrative expense............ 135 133 81
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal...................... 309 277 114
08.03 Gainsharing to Salaries and
Expenses........................ 3 3
--------- --------- ----------
10.00 Total new obligations........... 309 280 117
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 81 122 39
22.00 New budget authority (gross)...... 317 187 78
22.10 Resources available from
recoveries of prior year
obligations..................... 33 10
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 431 319 117
23.95 Total new obligations............. -309 -280 -117
24.40 Unobligated balance carried
forward, end of year............ 122 39
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 317 184 75
68.00 Spending authority from offsetting
collections: Offsetting
collections (cash).............. 3 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 317 187 78
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 41 31 32
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 41 31 32
73.10 Total new obligations............. 309 280 117
73.20 Total outlays (gross)............. -306 -269 -113
73.40 Adjustments in expired accounts
(net)........................... 20
73.45 Recoveries of prior year
obligations..................... -33 -10
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 31 32 35
--------- --------- ----------
74.99 Obligated balance, end of year 31 32 35
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 192 145 61
86.93 Outlays from discretionary
balances........................ 114 124 52
--------- --------- ----------
87.00 Total outlays (gross)........... 306 269 113
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -3 -3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 317 184 75
90.00 Outlays........................... 306 266 110
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1152-0-1-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct Disaster Loans............. 783 827 225
--------- --------- ----------
1159 Total direct loan levels........ 783 827 225
Direct loan subsidy (in percent):
1320 Subsidy rate...................... 22.20 17.46 14.67
--------- --------- ----------
1329 Weighted average subsidy rate... 22.20 17.46 14.67
Direct loan subsidy budget authority:
1330 Disaster subsidy budget authority. 174 76
1330 Subsidy budget authority Downward
Reestimates..................... -516 -384
--------- --------- ----------
1339 Total subsidy budget authority.. -342 -308
Direct loan subsidy outlays:
1340 Disaster subsidy outlays.......... 170 156 33
1340 Subsidy outlays Downward
Reestimates..................... -516 -384
--------- --------- ----------
1349 Total subsidy outlays........... -346 -228 33
----------------------------------------------------------------------------
[[Page 1097]]
Administrative expense data:
3510 Budget authority.................. 161 108 75
3590 Outlays from new authority........ 136 108 75
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
this account records, for loans made pursuant to section 7(b) of the
Small Business Act, as amended, the subsidy costs associated with the
direct loans obligated 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.
Disaster loans made pursuant to Section 7(b) of the Small Business
Act are the primary form of Federal assistance for non-farm, private
sector disaster losses. For this reason, the program is the only form of
SBA assistance not limited to small businesses. Through this program,
SBA helps homeowners, renters, businesses of all sizes, and non-profit
organizations pay for the cost of rebuilding. Pursuant to the Small
Business Act, the government subsidizes borrowers who have incurred
uninsured losses or economic injury as the result of a natural disaster.
For 2002, SBA will rely on anticipated carry-over balances from 2001
to support $300 million in loans. The subsidy rate associated with these
loans reflects a proposal to increase the interest rate on loans made to
businesses equal to the Treasury cost of funds. The current services
subsidy rate is 14.67 percent but will be reduced to 10.95 percent as a
result of this proposed rate increase.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1152-0-1-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
25.2 Other services.................... 135 133 81
41.0 Grants, subsidies, and
contributions................... 174 147 36
--------- --------- ----------
99.9 Total new obligations........... 309 280 117
---------------------------------------------------------------------------
Disaster Loans Program Account
(Legislative proposal, not subject to PAYGO)
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 73-1152-2-1-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
1150 Direct Disaster Loans............. 75
--------- --------- ----------
1159 Total direct loan levels........ 75
Direct loan subsidy (in percent):
1320 Subsidy rate...................... -3.72
--------- --------- ----------
1329 Weighted average subsidy rate... -3.72
---------------------------------------------------------------------------
The Budget proposes to raise the borrower interest rate for business
disaster loans to the Treasury cost of borrowing. It is estimated the
policy would increase the borrower interest rate from nearly 4 percent
to 5.5 percent in 2002. The policy is intended to encourage businesses
to undertake disaster mitigation projects.
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4150-0-3-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 1,087 827 300
00.02 Interest on Treasury borrowing.... 579 506 595
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal...................... 1,666 1,333 895
08.01 Negative subsidy from loan asset
sales........................... 595
08.02 Payment of downward reestimate to
receipt account................. 398 282
08.03 Payment to liquidating account to
purchase loan assets (73 4153).. 112 327 75
08.04 Payment of interest on downward
reestimates to receipt account.. 118 102
08.06 Gainsharing....................... 3 3
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal...................... 628 1,309 78
--------- --------- ----------
10.00 Total new obligations........... 2,294 2,642 973
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5,122 4,564
22.00 New financing authority (gross)... 2,503 2,888 2,398
22.10 Resources available from
recoveries of prior year
obligations..................... 60
22.60 Portion applied to repay debt..... -827 -4,810 -1,425
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 6,858 2,642 973
23.95 Total new obligations............. -2,294 -2,642 -973
24.40 Unobligated balance carried
forward, end of year............ 4,564
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.15 Authority to borrow (indefinite) 879 683 268
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 1,602 2,185 2,130
68.10 Change in receivables from
program account............. 22 20
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 1,624 2,205 2,130
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 2,503 2,888 2,398
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 764 869 1,250
72.95 Uncollected customer payments
from program account, start of
year.......................... -339 -361 -381
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 425 508 869
73.10 Total new obligations............. 2,294 2,642 973
73.20 Total financing disbursements
(gross)......................... -2,129 -2,261 -1,570
73.45 Recoveries of prior year
obligations..................... -60
74.00 Change in uncollected customer
payments from Federal sources... -22 -20
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 869 1,250 653
74.95 Uncollected customer payments
from program account, end of
year.......................... -361 -381 -381
--------- --------- ----------
74.99 Obligated balance, end of year 508 869 272
87.00 Total financing disbursements
(gross)......................... 2,129 2,261 1,570
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Payments from program account. -170 -156 -33
88.25 Interest on uninvested funds.. -104 -127 -129
Non-Federal sources:
88.40 Repayments of principal, net -368 -289 -291
88.40 Collection of misc.
receivables............... -180 -156 -205
88.40 Interest received on loans.. -311 -170 -562
88.40 Proceeds from loan sales.... -469 -1,287 -910
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -1,602 -2,185 -2,130
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -22 -20
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 879 683 268
90.00 Financing disbursements........... 527 76 -560
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4150-0-3-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1131 Direct loan obligations exempt
from limitation................. 221 951 300
--------- --------- ----------
1150 Total direct loan obligations... 221 951 300
----------------------------------------------------------------------------
[[Page 1098]]
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 5,658 5,212 4,190
Disbursements:
1231 Direct loan disbursements....... 830 783 390
1233 Purchase of loans assets from a
liquidating account........... 112 164 95
Repayments:
1251 Repayments and prepayments...... -488 -262 -121
1252 Proceeds from loan asset sales
to the public or discounted... -357 -960 -815
1262 Adjustments: Discount on loan
asset sales to the public or
discounted...................... -455 -649 -609
1263 Write-offs for default: Direct
loans........................... -88 -98 -40
--------- --------- ----------
1290 Outstanding, end of year........ 5,212 4,190 3,090
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
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 73-4150-0-3-453 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101 Fund balances with Treasury..... 5,072 5,173 3,259
Investments in US securities:
Receivables, net:
1106 Program account............. 41 607 33 40
1106 Interest/Accounts
Receivables............... 5,761 487 496 506
Net value of assets related to
post-1991 direct loans
receivable:
1401 Direct loans receivable, gross.. 5,658 5,212 4,190 3,090
1405 Allowance for subsidy cost (-).. -1,439 -931 -947 -651
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 4,219 4,281 3,243 2,439
------------ -------------- ------------ -------------
1999 Total assets.................... 10,021 10,447 8,945 6,244
LIABILITIES:
2104 Federal liabilities: Resources
payable to Treasury............. 10,021 10,447 8,945 6,244
------------ -------------- ------------ -------------
2999 Total liabilities............... 10,021 10,447 8,945 6,244
-----------------------------------------------------------------------------------------------
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4153-0-3-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
01.01 Interest expense to Treasury...... 44 35 30
01.03 Other expenses.................... 6 248 95
--------- --------- ----------
10.00 Total new obligations........... 50 283 125
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 174 240
22.00 New budget authority from
offsetting collections (gross).. 290 333 125
22.40 Capital transfer to general fund.. -174 -290
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 290 283 125
23.95 Total new obligations............. -50 -283 -125
24.40 Unobligated balance carried
forward, end of year............ 240
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Offsetting collections (cash)... 290 333 125
----------------------------------------------------------------------------
Change in unpaid obligations:
Unpaid obligations, start of year:
72.40 Unpaid obligations, start of
year.......................... 52 50 60
--------- --------- ----------
72.99 Obligated balance, start of
year........................ 52 50 60
73.10 Total new obligations............. 50 283 125
73.20 Total outlays (gross)............. -52 -273 -163
Unpaid obligations, end of year:
74.40 Unpaid obligations, end of year. 50 60 22
--------- --------- ----------
74.99 Obligated balance, end of year 50 60 22
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 52 273 103
86.98 Outlays from mandatory balances... 60
--------- --------- ----------
87.00 Total outlays (gross)........... 52 273 163
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
Non-Federal sources:
88.40 Asset Sale Proceeds......... -112 -327 -75
88.40 Loan repayments............. -134 -3 -3
88.40 Interest income............. -43 -2 -27
88.40 Other income................ -1 -1 -20
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -290 -333 -125
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -238 -60 38
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4153-0-3-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 1,067 685 131
Repayments:
1251 Repayments and prepayments...... -134 -6 -2
1252 Proceeds from loan asset sales
to the public or discounted... -112 -327 -75
1262 Adjustments: Discount on loan
asset sales to the public or
discounted...................... -134 -220 -25
1263 Write-offs for default: Direct
loans........................... -2 -1 -1
--------- --------- ----------
1290 Outstanding, end of year........ 685 131 28
---------------------------------------------------------------------------
As required by the Federal Credit Reform Act of 1990, as amended,
this account records, for this program, all cash flows to and from the
Government resulting from direct loans obligated 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 and financing accounts.
Statement of Operations (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4153-0-3-453 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 52 54 66 65
0102 Expense........................... -53 -44 -52 -57
------------ -------------- ------------ -------------
0105 Net income or loss (-)............ -1 10 14 8
-----------------------------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4153-0-3-453 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 226 290 133 65
1206 Non-Federal assets: Receivables,
net............................. 59 101 5 1
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601 Direct loans, gross............. 1,067 685 131 29
1603 Allowance for estimated
uncollectible loans and
interest (-).................. -46 -47 -3 -1
------------ -------------- ------------ -------------
1699 Value of assets related to
direct loans................ 1,021 638 128 28
------------ -------------- ------------ -------------
[[Page 1099]]
1999 Total assets.................... 1,306 1,029 266 94
LIABILITIES:
2102 Federal liabilities: Interest
payable......................... 52 39 35 5
2201 Non-Federal liabilities: Accounts
payable......................... 1,254 990 231 89
------------ -------------- ------------ -------------
2999 Total liabilities............... 1,306 1,029 266 94
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1,306 1,029 266 94
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4153-0-3-453 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
25.2 Other services.................... 6 248 95
43.0 Interest and dividends............ 44 35 30
--------- --------- ----------
99.9 Total new obligations........... 50 283 125
---------------------------------------------------------------------------
Pollution Control Equipment Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4147-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 1 3 2
--------- --------- ----------
10.00 Total new obligations (object
class 42.0)................... 1 3 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2 2
22.00 New budget authority (gross)...... 3 3 2
22.40 Capital transfer to general fund.. -2 -2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3 3 2
23.95 Total new obligations............. -1 -3 -2
24.40 Unobligated balance carried
forward, end of year............ 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
67.15 Authority to borrow (indefinite) 3 3 2
3 3 2
----------------------------------------------------------------------------
Change in unpaid obligations:
73.10 Total new obligations............. 1 3 2
73.20 Total outlays (gross)............. -3 -3 -2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 3 3 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 3 3 2
90.00 Outlays........................... 1 3 2
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 73-4147-0-3-376 2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 46 39 31
Adjustments:
2261 Terminations for default that
result in loans receivable.... -1 -1 -1
2263 Terminations for default that
result in claim payments...... -6 -7 -5
--------- --------- ----------
2290 Outstanding, end of year........ 39 31 25
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 35 24 19
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 48 49 50
2331 Disbursements for guaranteed
loan claims................... 1 1 1
--------- --------- ----------
2390 Outstanding, end of year...... 49 50 51
---------------------------------------------------------------------------
Public Law 94-305 established this fund to alleviate the adverse
impact of pollution regulations on small businesses. As a result of the
elimination of tax exempt financing associated with the Pollution
Control Guaranteed program, no new activity is anticipated for this
program.
Statement of Operations (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4147-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
0101 Revenue........................... 4
0102 Expense........................... -3 1 -1 -1
------------ -------------- ------------ -------------
0105 Net income or loss (-)............ 1 1 -1 -1
-----------------------------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 73-4147-0-3-376 1999 actual 2000 actual 2001 est. 2002 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 2 2 3 3
1206 Non-Federal assets: Receivables,
net............................. 9
1701 Net value of assets related to
pre-1992 direct loans receivable
and acquired defaulted
guaranteed loans receivable:
Defaulted guaranteed loans,
gross........................... 8 17 15 14
------------ -------------- ------------ -------------
1999 Total assets.................... 19 19 18 17
LIABILITIES:
2104 Federal liabilities: Resources
payable to Treasury............. -29 19 -21 -18
------------ -------------- ------------ -------------
2999 Total liabilities............... -29 19 -21 -18
NET POSITION:
3300 Cumulative results of operations.. 48 39 36
------------ -------------- ------------ -------------
3999 Total net position.............. 48 39 36
------------ -------------- ------------ -------------
4999 Total liabilities and net position 19 19 18 18
-----------------------------------------------------------------------------------------------
Administrative Provision--Small Business Administration
Not to exceed 5 percent of any appropriation made available for the
current fiscal year for the Small Business Administration in this Act
may be transferred between such appropriations, but no such
appropriation shall be increased by more than 10 percent by any such
transfers: Provided, That any transfer pursuant to this paragraph shall
be treated as a reprogramming of funds under section 605 of this Act and
shall not be available for obligation or expenditure except in
compliance with the procedures set forth in that section. (Departments
of Commerce, Justice, and State, the Judiciary, and Related Agencies
Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106-
553.)
[Sec. 212. For an additional amount for ``Small Business
Administration, Salaries and Expenses'' $1,000,000 shall be made
available only for a grant to the National Museum of Jazz in New York,
New York.] (Division A, Miscellaneous Appropriations Act, 2001, as
enacted by section 1(a)(4) of P.L. 106-554.)
General Fund Receipt Accounts
(in millions of dollars)
----------------------------------------------------------------------------
2000 actual 2001 est. 2002 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
73-272110 Disaster loan program,
negative subsidies.................. 595
73-272130 Disaster loan program,
Downward reestimates of subsidies... 516 384
73-272210 Business loan program,
negative subsidies.................. 27
73-272230 Business loan program,
Downward reestimates of subsidies... 284 722
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 800 1,728
---------------------------------------------------------------------------