[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)

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

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

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

    The appropriation for this account is necessary to cover the 
administrative expenses for headquarters and non-credit programs.

               Object Classification (in millions of dollars)

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

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

    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)

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

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

[[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)

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

                             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)

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

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

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

    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
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         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
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