[Appendix]
[Detailed Budget Estimates by Agency]
[Small Business Administration]
[From the U.S. Government Printing Office, www.gpo.gov]


                     THE BUDGET FOR FISCAL YEAR 2003


 
                      SMALL BUSINESS ADMINISTRATION

    For 2003, the Small Business Administration (SBA) budget requests 
$798 million in new budget authority. SBA's continuing operations will 
provide over $16 billion in new loans to small businesses, funding for 
non-credit programs, and funding for the disaster loan program. SBA has 
revised its 7(a) loan subsidy model to more accurately reflect the costs 
of the program.

                              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, [$308,476,000] $362,106,000: 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 shall be available to 
fund grants for performance in fiscal year [2002] 2003 or fiscal year 
[2003] 2004 as authorized by section 21 of the Small Business Act, as 
amended. In addition to amounts otherwise available from collections, 5 
percent of such collections, not to exceed $3,000,000, for qualified 
expenses of delinquent non-tax debt collection. (Departments of 
Commerce, Justice, and State, the Judiciary, and Related Agencies 
Appropriations Act, 2002; additional authorizing legislation required.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Government contracting and 
        minority enterprise development.          40          30          32
00.02 Disaster assistance...............         117         155         108
00.04 Management and administration.....         134         116         115
00.05 Executive direction...............           4           3           4
00.06 General counsel...................           8           8           8
00.07 Congressional and legislative 
        affairs.........................           1           1           1
00.08 Hearings and appeals..............           1           1           1
00.09 Communications and publications...           2           2           3
00.11 Advocacy..........................           5           6           7
00.12 Field operations..................           1           1           1
00.13 Equal employment opportunity and 
        civil rights compliance.........           2           2           2
00.14 Regional and district offices.....         136         141         150
00.15 Chief financial officer...........           8           8           9
00.16 Capital Access....................          61          81          49
00.17 Entrepreneurial development.......         116         117         115
00.18 Small disadvantaged businesses....           2           2           2
00.19 Veteran's Business Development....           5           1           1
00.20 Administrative expenses...........          10          10           9
                                           ---------   ---------  ----------
10.00   Total new obligations...........         653         685         617
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5          41           1
22.00 New budget authority (gross)......         692         645         617
22.21 Unobligated balance transferred to 
        other accounts..................          -1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         696         686         618
23.95 Total new obligations.............        -653        -685        -617
23.98 Unobligated balance expiring or 
        withdrawn.......................          -2
24.40 Unobligated balance carried 
        forward, end of year............          41           1           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation[P.L. 106-553 & 
          P.L. 107-20]..................         451         348         362
40.35   Appropriation rescinded[P.L. 
          107-20].......................         -30
40.77   Reduction pursuant to P.L. 106-
          553 (0.22 percent)............          -1
42.00   Transferred from other accounts.           5
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         425         348         362
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............         267         297         255
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         692         645         617
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         250         311         376
73.10 Total new obligations.............         653         685         617
73.20 Total outlays (gross).............        -587        -620        -574
73.40 Adjustments in expired accounts 
        (net)...........................          -5
74.40 Obligated balance, end of year....         311         376         419
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         458         493         458
86.93 Outlays from discretionary 
        balances........................         129         127         116
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         587         620         574
----------------------------------------------------------------------------

    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...........        -128        -164        -121
88.00       Federal sources.............          -6          -1          -2
88.40     Non-Federal sources...........          -5          -3          -3
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -268        -297        -255
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         425         348         362
90.00 Outlays...........................         319         323         319
---------------------------------------------------------------------------

  Budget Authority and Outlays Excluding Full Funding for Federal Retiree 
                       Costs (in millions of dollars)

----------------------------------------------------------------------------
                                         2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         415         338         353
90.00 Outlays...........................         309         313         310
---------------------------------------------------------------------------

    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      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............         174         181         190
11.3    Other than full-time permanent..           8           7           8
11.5    Other personnel compensation....           4           3           3
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         186         191         201
12.1  Civilian personnel benefits.......          52          56          59
21.0  Travel and transportation of 
        persons.........................           9           4           5
22.0  Transportation of things..........                                   3
23.1  Rental payments to GSA............          29          31          32
23.3  Communications, utilities, and 
        miscellaneous charges...........           6           5           4
24.0  Printing and reproduction.........           1           1           1
25.2  Other services....................          51          36          66
26.0  Supplies and materials............           1
31.0  Equipment.........................           6           2           3
41.0  Grants, subsidies, and 
        contributions...................         193         202         133
      Undistributed:

92.0    Undistributed (disaster loan 
          making).......................          88         125          78
92.0    Undistributed (disaster loan 
          servicing)....................          29          30          30

[[Page 1054]]

92.0    Undistributed (SDB).............           2           2           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........         653         685         617
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......       3,948       4,451       4,352
---------------------------------------------------------------------------
    Note.--The personnel summary includes regular (non-disaster) full-
time equivalents (FTEs) of 2860, 2784, and 2640 in 2001, 2002, and 2003 
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.), [$11,464,000] $15,011,000. (Departments of 
Commerce, Justice, and State, the Judiciary, and Related Agencies 
Appropriations Act, 2002; additional authorizing legislation required.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 General Office....................           1           1           1
00.02 Audit.............................           5           5           6
00.03 Investigations....................           5           5           7
00.04 Management / Legal Counsel / 
        Inspection and Evaluation.......           1           1           1
00.05 Administrative expenses...........           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........          13          13          16
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1
22.00 New budget authority (gross)......          14          13          16
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          15          13          16
23.95 Total new obligations.............         -13         -13         -16
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          13          12          15
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............           1           1           1
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          14          13          16
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           2           2
73.10 Total new obligations.............          13          13          16
73.20 Total outlays (gross).............         -13         -13         -16
74.40 Obligated balance, end of year....           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          12          12          15
86.93 Outlays from discretionary 
        balances........................                       1           1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          13          13          16
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Payments from disaster 
          loan program account..........          -1          -1          -1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          13          12          15
90.00 Outlays...........................          12          12          15
---------------------------------------------------------------------------

  Budget Authority and Outlays Excluding Full Funding for Federal Retiree 
                       Costs (in millions of dollars)

----------------------------------------------------------------------------
                                         2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          12          11          14
90.00 Outlays...........................          12          11          14
---------------------------------------------------------------------------

    The budget proposes $15 million in new budget authority and $500 
thousand transferred from the Disaster Loans Program account for a total 
of $15.5 million for the Office of Inspector General (OIG) for 2003. 
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      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............           7           8           9
11.5    Other personnel compensation....           1           1           1
                                           ---------   ---------  ----------
11.9      Total personnel compensation..           8           9          10
12.1  Civilian personnel benefits.......           3           3           3
25.1  Advisory and assistance services..           2           1           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........          13          13          16
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......         108         120         130
---------------------------------------------------------------------------

                                

Public enterprise funds:

                  Surety Bond Guarantees Revolving Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4156-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable obligations..........          13           8           8
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................          13           8           8
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          32          26          21
22.00 New budget authority (gross)......           6           4           4
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          38          30          25
23.95 Total new obligations.............         -13          -8          -8
24.40 Unobligated balance carried 
        forward, end of year............          26          21          18
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

68.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............           6           4           4
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           1           1           1
73.10 Total new obligations.............          13           8           8
73.20 Total outlays (gross).............         -14          -9          -8
74.40 Obligated balance, end of year....           1           1           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           6           4           4
86.93 Outlays from discretionary 
        balances........................           7           4           4
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          14           9           8
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -6          -4          -4
----------------------------------------------------------------------------

[[Page 1055]]



    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           7           5           4
---------------------------------------------------------------------------

    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 2003, 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    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................          14              3             6              6
0102  Expense...........................         -14            -10            -6             -6
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............                         -7
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4156-0-3-376    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....          33             26            42             42
        Investments in US securities:
1106      Receivables, net..............           7              6
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          40             32            42             42
    LIABILITIES:
2201  Non-Federal liabilities: Accounts 
        payable.........................          37             14            36             36
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          37             14            36             36
    NET POSITION:
3100  Appropriated capital..............         303            293           332            332
3300  Cumulative results of operations..        -300           -275          -326           -326
                                        ------------ --------------  ------------  -------------
3999    Total net position..............           3             18             6              6
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          40             32            42             42
-----------------------------------------------------------------------------------------------

                                

Credit accounts:

                     Business Loans Program Account

    For the cost of direct loans, [$1,860,000] $3,726,000, to be 
available until expended; and for the cost of guaranteed loans, 
[$78,000,000] $85,360,000, as authorized by 15 U.S.C. 631 note, of which 
$45,000,000 shall remain available until September 30, [2003] 2004: 
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: Provided further, That during fiscal year [2002] 2003 
commitments to guarantee loans under section 503 of the Small Business 
Investment Act of 1958, as amended, shall not exceed $4,500,000,000[, as 
provided under section 20(h)(1)(B)(ii) of the Small Business Act: 
Provided further, That during fiscal year 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]: Provided further, 
That during fiscal year [2002] 2003 commitments to guarantee loans for 
debentures and participating securities under section 303(b) of the 
Small Business Investment Act of 1958, as amended, shall not exceed the 
levels established by section [20(h)(1)(C)] 20(i)(1)(C) of the Small 
Business Act.
    In addition, for administrative expenses to carry out the direct and 
guaranteed loan programs, [$129,000,000] $133,769,000, 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, 2002; additional authorizing 
legislation required.)

    [For emergency expenses for the cost of loan subsidies and for loan 
modifications as authorized by section 203 of this Act, for disaster 
recovery activities and assistance related to the terrorist acts in New 
York, Virginia, and Pennsylvania on September 11, 2001, for ``Business 
Loans Program Account'', $75,000,000, to remain available until 
expended, to be obligated from amounts made available in Public Law 107-
38.] (Emergency Supplemental Act, 2002.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............           3           2           4
00.02 Guaranteed loan subsidy...........         142         175          85
00.05 Reestimate of direct loan.........           1           1
00.07 Reestimate of loan guarantee 
        subsidy.........................          30         102
00.08 Interest on reestimates of loan 
        guarantee subsidy...............           4          19
00.09 Administrative expenses...........         134         134         133
                                           ---------   ---------  ----------
10.00   Total new obligations...........         314         433         222
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          98         120          92
22.00 New budget authority (gross)......         333         405         222
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
22.22 Unobligated balance transferred 
        from other accounts.............           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         434         525         314
23.95 Total new obligations.............        -314        -433        -222
24.40 Unobligated balance carried 
        forward, end of year............         120          92          92
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         299         214         222
40.15   Appropriation [Terrorist 
          response].....................                      75
40.36   Unobligated balance rescinded...                      -6
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         298         283         222
      Mandatory:

60.00   Appropriation...................          35         122
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         333         405         222
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          88          94         117
73.10 Total new obligations.............         314         433         222
73.20 Total outlays (gross).............        -289        -410        -244
73.40 Adjustments in expired accounts 
        (net)...........................         -18
73.45 Recoveries of prior year 
        obligations.....................          -1
74.40 Obligated balance, end of year....          94         117          95
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         150         180         141
86.93 Outlays from discretionary 
        balances........................         104         108         103
86.97 Outlays from new mandatory 
        authority.......................          35         122
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         289         410         244
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         333         405         222
90.00 Outlays...........................         289         410         244
---------------------------------------------------------------------------

  Budget Authority and Outlays Excluding Full Funding for Federal Retiree 
                       Costs (in millions of dollars)

----------------------------------------------------------------------------
                                         2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         328         400         218
90.00 Outlays...........................         284         405         240
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Micro loans.......................          30          26          27
                                           ---------   ---------  ----------
115901Total direct loan levels..........          30          26          27
    Direct loan subsidy (in percent):
132001Micro loans.......................        8.95        6.78       13.05
                                           ---------   ---------  ----------

[[Page 1056]]


132901Weighted average subsidy rate.....        8.95        6.78       13.05
    Direct loan subsidy budget authority:
133001Micro loans.......................           3           2           3
                                           ---------   ---------  ----------
133901Total subsidy budget authority....           3           2           3
    Direct loan subsidy outlays:
134001Micro loans.......................           1           1           2
                                           ---------   ---------  ----------
134901Total subsidy outlays.............           1           1           2
    Direct loan upward reestimate subsidy budget 
                authority:
135001Micro loans.......................           1           1
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................           1           1
    Direct loan upward reestimate subsidy outlays:
136001Micro loans.......................           1           1
                                           ---------   ---------  ----------
136901Total upward reestimate outlays...           1           1
    Direct loan downward reestimate subsidy budget 
                authority:
137001Micro loans.......................                      -4
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................                      -4
    Direct loan downward reestimate subsidy 
                outlays:
138001Micro loans.......................                      -4
                                           ---------   ---------  ----------
138901Total downward reestimate subsidy 
        outlays.........................                      -4
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
215001Microloan guarantees..............           2           2
215002General business--7(a)............       9,122       7,290       4,850
215002General business--7(a)-terrorist 
        response........................                   4,491
215003General business--7(a) DELTA......           1          20
215004Section 504.......................       2,269       4,500       4,500
215005Section 504 DELTA.................                       3
215006SBIC debentures...................         487       2,500       3,000
215007SBIC participating securities.....       2,109       3,500       4,000
215008New Market Venture Capital........                     152
                                           ---------   ---------  ----------
215901Total loan guarantee levels.......      13,990      22,458      16,350
    Guaranteed loan subsidy (in percent):
232001Microloan guarantees..............        7.95        8.17        8.42
232002General business--7(a)............        1.17        1.07        1.76
232002General business--7(a)-terrorist 
        response........................        0.00        1.67        1.78
232003General business--7(a) DELTA......        1.88        1.73        2.40
232004Section 504.......................        0.00        0.00        0.00
232005Section 504 DELTA.................        0.89        0.84        0.88
232006SBIC debentures...................        0.00        0.00        0.00
232007SBIC participating securities.....        1.31        0.00        0.00
232008New Market Venture Capital........       14.44       14.47       15.46
232009Y2k...............................        4.04        0.00        0.00
                                           ---------   ---------  ----------
232901Weighted average subsidy rate.....        0.96        0.68        0.51
    Guaranteed loan subsidy budget authority:
233001Microloan guarantees..............
233002General business--7(a)............         107          78          85
233002General business--7(a)-terrorist 
        response........................                      75
233003General business--7(a) DELTA......
233004Section 504.......................
233005Section 504 DELTA.................
233006SBIC debentures...................
233007SBIC participating securities.....          28
233008New Market Venture Capital........
                                           ---------   ---------  ----------
233901Total subsidy budget authority....         135         153          85
    Guaranteed loan subsidy outlays:
234001Microloan guarantees..............           1
234002General business--7(a)............         122          89          81
234002General business--7(a)-terrorist 
        response........................                      47
234003General business--7(a) DELTA......           1
234004Section 504.......................           1
234005Section 504 DELTA.................
234006SBIC debentures...................
234007SBIC participating securities.....          28
234008New Market Venture Capital........                      22
                                           ---------   ---------  ----------
234901Total subsidy outlays.............         153         158          81
    Guaranteed loan upward reestimate subsidy 
                budget authority:
235001Microloan guarantees..............
235002General business--7(a)............                      15
235003General business--7(a) DELTA......
235004Section 504.......................                      21
235005Section 504 DELTA.................
235006SBIC debentures...................          34          15
235007SBIC participating securities.....                      70
                                           ---------   ---------  ----------
235901Total upward reestimate budget 
        authority.......................          34         121
    Guaranteed loan upward reestimate subsidy 
                outlays:
236001Microloan guarantees..............
236002General business--7(a)............                      15
236003General business--7(a) DELTA......
236004Section 504.......................                      21
236005Section 504 DELTA.................
236006SBIC debentures...................          34          15
236007SBIC participating securities.....                      70
                                           ---------   ---------  ----------
236901Total upward reestimate subsidy 
        outlays.........................          34         121
    Guaranteed loan downward reestimate subsidy 
                budget authority:
237001Microloan guarantees..............
237002General business--7(a)............        -117        -179
237003General business--7(a) DELTA......
237004Section 504.......................        -180        -110
237005Section 504 DELTA.................
237006SBIC debentures...................         -91         -35
237007SBIC participating securities.....        -334         -38
                                           ---------   ---------  ----------
237901Total downward reestimate subsidy 
        budget authority................        -722        -362
    Guaranteed loan downward reestimate subsidy 
                outlays:
238001Microloan guarantees..............
238002General business--7(a)............        -117        -179
238003General business--7(a) DELTA......
238004Section 504.......................        -180        -110
238005Section 504 DELTA.................
238006SBIC debentures...................         -91         -35
238007SBIC participating securities.....        -334         -38
                                           ---------   ---------  ----------
238901Total downward reestimate subsidy 
        outlays.........................        -722        -362
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................         134         134         133
359001Outlays 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 2003, the budget proposes $218.5 million in new budget authority 
for the Business Loans Program account. This amount will be used to 
administer the loan programs and support 7(a) loans and $26.6 million in 
loans through the Microloan Direct program. For all other loan programs, 
borrowers fees are sufficient to cover subsidy obligations.

    The Section 7(a) program provides general business credit 
assistance. The requested program level for 2003 is $4.85 billion. The 
Section 504 CDC Program is for long-term fixed rate financing and will 
require a program level of $4.5 billion in 2003. The Small Business 
Investment Companies (SBIC) program provides debt and equity capital. 
The budget proposes a program level of $4 billion for SBIC Participating 
Securities and $3 billion 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      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
12.1  Civilian personnel benefits.......          10          10           8
25.2  Other services....................         124         124         125
41.0  Grants, subsidies, and 
        contributions...................         180         299          89
                                           ---------   ---------  ----------
99.9    Total new obligations...........         314         433         222
---------------------------------------------------------------------------

[[Page 1057]]



                                

                 Business Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................          31          26          27
00.02 Interest on Treasury borrowing....          42          45          50
      Other expenses:

00.03   Other expenses..................                       2           2
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal (1 level)............          73          73          79
08.02 Payment of downward reestimate to 
        a receipt account...............                       3
08.04 Payment of interest on sownward 
        reestimate to a receipt account.                       1
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal (1 level)............                       4
                                           ---------   ---------  ----------
10.00   Total new obligations...........          73          77          79
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         430         317
22.00 New financing authority (gross)...         -19          86          88
22.60 Portion applied to repay debt.....         -21        -326          -9
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         390          77          79
23.95 Total new obligations.............         -73         -77         -79
24.40 Unobligated balance carried 
        forward, end of year............         317
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Discretionary:

47.00   Authority to borrow.............          27          19          19
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...         -58          67          69
68.10   Change in receivables from 
          program account...............          12
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......         -46          67          69
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................         -19          86          88
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          32          39          56
73.10 Total new obligations.............          73          77          79
73.20 Total financing disbursements 
        (gross).........................         -54         -60         -64
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................         -12
74.40 Obligated balance, end of year....          39          56          71
87.00 Total financing disbursements 
        (gross).........................          54          60          64
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources: Payments from 
            program account.............          -2          -2          -2
          Non-Federal sources:
88.40       Repayments of principal, net         -13         -15         -15
88.40       Federal sources.............                      -1
88.40       Interest received on loans..         -25         -26         -27
88.40       Other income................          98         -23         -25
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          58         -67         -69
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............         -12
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          27          19          19
90.00 Financing disbursements...........         113          -7          -5
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........          30          25          26
                                           ---------   ---------  ----------
1150    Total direct loan obligations...          30          25          26
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          60         107         121
1231  Disbursements: Direct loan 
        disbursements...................          53          29          18
1251  Repayments: Repayments and 
        prepayments.....................          -5         -10         -10
1263  Write-offs for default: Direct 
        loans...........................          -1          -5          -5
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         107         121         124
---------------------------------------------------------------------------

    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    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         463            305           572            572
        Investments in US securities:
1106      Receivables, net..............          68             41            71             71
1206  Non-Federal assets: Receivables, 
        net.............................          29             30            31             31
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..           2            107             4              4
1405    Allowance for subsidy cost (-)..                         -3            -2             -2
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....           2            104             2              2
1504  Net value of assets related to 
        post-1991 acquired defaulted 
        guaranteed loans receivable: 
        Foreclosed property.............
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         562            480           676            676
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................          27             43            30             30
2104    Resources payable to Treasury...         535            437           646            646
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         562            480           676            676
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         562            480           676            676
-----------------------------------------------------------------------------------------------

                                

               Business Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Default claims....................         731         762         762
00.05 Other Expenses....................          51         156         280
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal (1 level)............         782         918       1,042
08.02 Payment of downward reestimate to 
        receipt account.................         558         285
08.03 Payment to liquidating account to 
        purchase loan assets (73-4154)..          12           4
08.04 Payment of interest on downward 
        reestimate to receipt account...         164          77
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal (1 level)............         734         366
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,516       1,284       1,042
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         964         169          11
22.00 New financing authority (gross)...         720       1,126       1,031
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,684       1,295       1,042
23.95 Total new obligations.............      -1,516      -1,284      -1,042
24.40 Unobligated balance carried 
        forward, end of year............         169          11
----------------------------------------------------------------------------

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

        Discretionary:
68.00     Offsetting collections (cash).         716       1,126       1,031
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........           4
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         720       1,126       1,031
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         -58         -40          94
73.10 Total new obligations.............       1,516       1,284       1,042

[[Page 1058]]

73.20 Total financing disbursements 
        (gross).........................      -1,494      -1,150      -1,123
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -4
74.40 Obligated balance, end of year....         -40          94          13
87.00 Total financing disbursements 
        (gross).........................       1,494       1,150       1,123
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
          Federal sources:
88.00       Payments from program 
              account...................        -153        -158         -81
88.00       Upward restimate............         -30        -102
88.00       Interest on reestimate......          -4         -19
88.25     Interest on uninvested funds..          -1         -46         -48
          Non-Federal sources:
88.40       Fees........................                    -441        -700
88.40       Proceeds from loan asset 
              sales.....................        -751        -248
88.40       other.......................         223        -112        -202
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -716      -1,126      -1,031
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............          -4
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........         778          24          92
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........      13,990      22,458      16,350
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................      13,990      22,458      16,350
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........      31,739      35,107      38,175
2231  Disbursements of new guaranteed 
        loans...........................      10,963       9,111      10,111
2251  Repayments and prepayments........      -6,919      -5,338      -7,481
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....        -645        -670        -684
2264    Other adjustments, net..........         -31         -35         -36
                                           ---------   ---------  ----------
2290    Outstanding, end of year........      35,107      38,175      40,085
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..      26,133      22,459      23,859
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......         817         966       1,224
2331    Disbursements for guaranteed 
          loan claims...................         645         670         684
2351    Repayments of loans receivable..        -239        -214        -218
2361    Write-offs of loans receivable..        -150         -61         -74
2364    Other adjustments, net..........        -107        -137        -140
                                           ---------   ---------  ----------
2390      Outstanding, end of year......         966       1,224       1,476
---------------------------------------------------------------------------

    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    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         906            924           943            960
        Investments in US securities:
1106      Receivables, net..............         120            179           183            199
1207  Non-Federal assets: Advances and 
        prepayments.....................         449            245           250            250
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501    Defaulted guaranteed loans 
          receivable, gross.............         817            966         1,224          1,476
1502    Interest receivable.............          37             30            31             31
1505    Allowance for subsidy cost (-)..         -78            -32           -90            -90
                                        ------------ --------------  ------------  -------------
1599      Net present value of assets 
            related to defaulted 
            guaranteed loans............         776            964         1,165          1,417
1901  Other Federal assets: Other assets         197            238           243            143
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       2,448          2,550         2,784          2,969
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.       2,448          2,550         2,784          2,969
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       2,448          2,550         2,784          2,969
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       2,448          2,550         2,784          2,969
-----------------------------------------------------------------------------------------------

                                

                 Business Loan Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest Expense to Treasury......          23          12           8
00.03 Msc. program expenses.............          44          13          10
00.05 Guaranteed loan default claims....         213         145         135
                                           ---------   ---------  ----------
10.00   Total new obligations...........         280         170         153
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         271         350
22.00 New budget authority (gross)......          64         100         245
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         508          92
22.21 Unobligated balance transferred to 
        other accounts..................          -1
22.40 Capital transfer to general fund..        -185        -350         -31
22.60 Portion applied to repay debt.....         -27         -22         -61
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         630         170         153
23.95 Total new obligations.............        -280        -170        -153
24.40 Unobligated balance carried 
        forward, end of year............         350
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...          64         100         245
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         593         326         344
73.10 Total new obligations.............         280         170         153
73.20 Total outlays (gross).............         -39         -60        -147
73.45 Recoveries of prior year 
        obligations.....................        -508         -92
74.40 Obligated balance, end of year....         326         344         350
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          39          60         147
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
          Loan repayments:
            Non-Federal sources:

88.40         Financing programs-
                principal...............         -17         -17         -45
88.40         Investment programs-
                principal...............          -5          -5         -15
88.40         Interest Income-Business..          -2         -17         -15
88.40         Interest income-Investment          -1          -5          -3
88.40         collection on FFB loans...         -27         -22         -15
88.40         Other Income-both Business 
                and Investment..........                     -26         -67
88.40         Asset sale proceeds.......         -12          -8         -85
                                           ---------   ---------  ----------

[[Page 1059]]


88.90       Total, offsetting 
              collections (cash)........         -64        -100        -245
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -25         -40         -98
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
          Business Loan Fund, Direct 
              Loans
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         326         204         125
1232  Disbursements: Purchase of loans 
        assets from the public..........          14          12          11
      Repayments:

1251    Repayments and prepayments......         -26         -21         -35
1252    Proceeds from loan asset sales 
          to the public or discounted...         -12         -57
1262  Adjustments: Discount on loan 
        asset sales to the public or 
        discounted......................         -36
1263  Write-offs for default: Direct 
        loans...........................         -62         -13         -11
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         204         125          90
----------------------------------------------------------------------------

          Small Business Investment 
              Company, Direct Loans
          Section 503 Development 
              Company, Direct Loans
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         159         133         111
1251  Repayments: Repayments and 
        prepayments.....................         -26         -22         -15
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         133         111          96
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
          Business Loan Fund, Loan 
              Guarantees
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........       2,010       1,501       1,176
2251  Repayments and prepayments........        -493        -313        -244
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................         -16         -12         -11
                                           ---------   ---------  ----------
2290    Outstanding, end of year........       1,501       1,176         921
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..       1,319       1,019         784
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......         522         381         311
2331    Disbursements for guaranteed 
          loan claims...................          16          12          11
2351    Repayments of loans receivable..        -101         -55         -24
2361    Write-offs of loans receivable..         -38         -19         -11
2364    Other adjustments, net..........         -18          -8          -5
                                           ---------   ---------  ----------
2390      Outstanding, end of year......         381         311         282
---------------------------------------------------------------------------

    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    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................         107             24            20             16
0102  Expense...........................         -68           -154          -125           -100
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............          39           -130          -105            -84
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4154-0-3-376    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         920            676           420            250
        Investments in US securities:
1104      Agency securities, par........         418            490            90             83
1107      Advances and prepayments......           3              3             1              1
      Non-Federal assets:

1206    Receivables, net................         913             50           109             69
1207    Advances and prepayments........           8              8             2              2
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............         484            337           236            186
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................         -73            -26           -35            -30
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................         411            311           201            156
1901  Other Federal assets: Other assets         115             88            34             14
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       2,788          1,626           857            575
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................          48             27            22             15
2102    Interest payable................          96                           56             46
2103    Debt to the FFB.................         159            133           102             36
2105    Other Liabilities...............       1,459            987           385            152
      Non-Federal liabilities:

2201    Accounts payable................         108              4            35             35
2204    Liabilities for loan guarantees.          13                           11             10
2207    Other Liabilities...............         905            475           246            281
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       2,788          1,626           857            575
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       2,788          1,626           857            575
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
42.0  Insurance claims and indemnities..         257         158         145
43.0  Interest and dividends............          23          12           8
                                           ---------   ---------  ----------
99.9    Total new obligations...........         280         170         153
---------------------------------------------------------------------------

                                

                     Disaster Loans Program Account

    For the cost of direct loans authorized by section 7(b) of the Small 
Business Act, as amended, [$87,360,000] $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 administrative expenses to carry out the direct 
loan program, [$122,354,000] $122,141,000, 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 [$112,000,000] 
$111,787,000 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, 2002; additional authorizing legislation required.)

    [For emergency expenses for the cost of loan subsidies and for loan 
modifications as authorized by section 202 of this Act, for disaster 
recovery activities and assistance related to the terrorist acts in New 
York, Virginia, and Pennsylvania on September 11, 2001, for ``Disaster 
Loans Program Account'', $75,000,000, to remain available until 
expended, to be obligated from amounts made available in Public Law 107-
38.] (Emergency Supplemental Act, 2002.)

[[Page 1060]]

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............         153         239         111
00.05 Upward reestimate of direct loans.                     347
00.06 Interest on upward reestimates of 
        direct loans....................                     159
00.09 Administrative expense............         133         166         122
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal (1 level)............         286         911         233
08.03 Gainsharing to Salaries and 
        Expenses........................           3                       3
                                           ---------   ---------  ----------
10.00   Total new obligations...........         289         911         236
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         122         131          25
22.00 New budget authority (gross)......         287         795         201
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          11          10          10
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         420         936         236
23.95 Total new obligations.............        -289        -911        -236
24.40 Unobligated balance carried 
        forward, end of year............         131          25
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         189         214         198
40.15   Appropriation (Supplemental 
          emergency)....................                      75
41.00   Transferred to other accounts...          -5
42.00   Transferred from other accounts.         100
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         284         289         198
      Mandatory:

60.00   Appropriation...................                     506
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           3                       3
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         287         795         201
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          31          68          87
73.10 Total new obligations.............         289         911         236
73.20 Total outlays (gross).............        -241        -882        -246
73.45 Recoveries of prior year 
        obligations.....................         -11         -10         -10
74.40 Obligated balance, end of year....          68          87          67
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         120         221         156
86.93 Outlays from discretionary 
        balances........................         122         155          90
86.97 Outlays from new mandatory 
        authority.......................                     506
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         241         882         246
----------------------------------------------------------------------------

    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..................         284         795         198
90.00 Outlays...........................         238         882         243
---------------------------------------------------------------------------

  Budget Authority and Outlays Excluding Full Funding for Federal Retiree 
                       Costs (in millions of dollars)

----------------------------------------------------------------------------
                                         2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         280         791         194
90.00 Outlays...........................         234         878         239
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Direct Disaster Loans.............         872         593         545
115001Direct loan levels -terrorist 
        attack..........................           4         324
                                           ---------   ---------  ----------
115901Total direct loan levels..........         876         917         545
    Direct loan subsidy (in percent):
132001Direct Disaster Loans.............       17.46       14.67       13.98
132001Direct loan levels -terrorist 
        attack..........................       23.61       23.16        0.00
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....       17.46       17.66       13.94
    Direct loan subsidy budget authority:
133001Direct Disaster Loans.............         152          87          76
133001Direct loan levels -terrorist 
        attack..........................           1          75
                                           ---------   ---------  ----------
133901Total subsidy budget authority....         153         162          76
    Direct loan subsidy outlays:
134001Direct Disaster Loans.............         124         105         106
134001Direct loan levels -terrorist 
        attack..........................           1         119          15
                                           ---------   ---------  ----------
134901Total subsidy outlays.............         125         224         121
    Direct loan upward reestimate subsidy budget 
                authority:
135001Direct Disaster Loans.............                     506
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................                     506
    Direct loan upward reestimate subsidy outlays:
136001Direct Disaster Loans.............                     506
                                           ---------   ---------  ----------
136901Total upward reestimate outlays...                     506
    Direct loan downward reestimate subsidy budget 
                authority:
137001Direct Disaster Loans.............        -384
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................        -384
    Direct loan downward reestimate subsidy 
                outlays:
138001Direct Disaster Loans.............        -384
                                           ---------   ---------  ----------
138901Total downward reestimate subsidy 
        outlays.........................        -384
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................         112         126         122
351001Budget authority for terrorists 
        attack..........................          40
359001Outlays from new authority........         108         122         118
359001Outlays from new authority for 
        terrorist attack................           1          39
---------------------------------------------------------------------------

    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 2003, SBA will rely on anticipated carry-over balances of $25 
million from 2002 plus $10 million in recoveries to support $795 million 
in loans. The subsidy rate is 13.98 percent. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
12.1  Civilian personnel benefits.......           8           8           7
25.2  Other services....................         128         168         115
41.0  Grants, subsidies, and 
        contributions...................         153         735         114
                                           ---------   ---------  ----------
99.9    Total new obligations...........         289         911         236
---------------------------------------------------------------------------

[[Page 1061]]



                                

                 Disaster Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................         606       1,090       1,110
00.02 Interest on Treasury borrowing....         494         465         505
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal (1 level)............       1,100       1,555       1,615
08.02 Payment of downward reestimate to 
        receipt account.................         282
08.03 Payment to liquidating account to 
        purchase loan assets (73 4153)..          96         128         116
08.04 Payment of interest on downward 
        reestimates to receipt account..         102
08.06 Gainsharing to salaries and 
        expense.........................           3                       3
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal (1 level)............         483         128         119
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,583       1,683       1,734
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       4,651       5,677
22.00 New financing authority (gross)...       3,353       3,785       3,556
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          50
22.60 Portion applied to repay debt.....        -794      -7,779      -1,822
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       7,260       1,683       1,734
23.95 Total new obligations.............      -1,583      -1,683      -1,734
24.40 Unobligated balance carried 
        forward, end of year............       5,677
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Discretionary:

47.00   Authority to borrow.............       1,145       1,035         683
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............       2,208       2,750       2,873
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       3,353       3,785       3,556
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         422         619         732
73.10 Total new obligations.............       1,583       1,683       1,734
73.20 Total financing disbursements 
        (gross).........................      -1,336      -1,570      -1,850
73.45 Recoveries of prior year 
        obligations.....................         -50
74.40 Obligated balance, end of year....         619         732         616
87.00 Total financing disbursements 
        (gross).........................       1,336       1,570       1,850
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
          Federal sources:
88.00       Payments from program 
              account...................        -125        -224        -121
88.00       upward reestimate...........                    -347
88.00       Interest on upward 
              reestimate................                    -159
          Non-Federal sources:
88.40       Repayments of principal, net        -962        -391        -235
88.40       Collection of misc. 
              receivables...............         -63         -87         -95
88.40       Interest received on loans..        -307        -451        -559
88.40       Proceeds from loan sales....        -751      -1,091      -1,863
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........      -2,208      -2,750      -2,873
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............       1,145       1,035         683
90.00 Financing disbursements...........        -872      -1,180      -1,023
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........
1131  Direct loan obligations exempt 
        from limitation.................         951       1,272         795
                                           ---------   ---------  ----------
1150    Total direct loan obligations...         951       1,272         795
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       5,212       3,288       3,057
      Disbursements:

1231    Direct loan disbursements.......         587       1,206         860
1233    Purchase of loans assets from a 
          liquidating account...........          96         128         116
      Repayments:

1251    Repayments and prepayments......      -1,332        -121        -146
1252    Proceeds from loan asset sales 
          to the public or discounted...        -751      -1,091      -1,863
1262  Adjustments: Discount on loan 
        asset sales to the public or 
        discounted......................        -311        -313        -319
1263  Write-offs for default: Direct 
        loans...........................        -213         -40         -41
                                           ---------   ---------  ----------
1290    Outstanding, end of year........       3,288       3,057       1,664
---------------------------------------------------------------------------

    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    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....       5,072          6,791         3,259          3,000
        Investments in US securities:
1106      Interest/Accounts Receivables.       1,094            376           506            517
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..       5,212          3,288         2,542          1,233
1405    Allowance for subsidy cost (-)..        -931           -150          -651            -75
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....       4,281          3,138         1,891          1,158
                                        ------------ --------------  ------------  -------------
1999    Total assets....................      10,447         10,305         5,656          4,675
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................      10,447            605           333            375
2103    Debt............................                      9,649         5,294          4,275
      Non-Federal liabilities:

2201    Accounts payable................                         28            16             15
2207    Other...........................                         23            13             10
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............      10,447         10,305         5,656          4,675
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position      10,447         10,305         5,656          4,675
-----------------------------------------------------------------------------------------------

                                

                 Disaster Loan Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
01.01 Interest expense to Treasury......          22          11           6
01.03 Other expenses....................          14          19          21
                                           ---------   ---------  ----------
10.00   Total new obligations...........          36          30          27
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         246         308
22.00 New budget authority from 
        offsetting collections (gross)..         338         185         169
22.40 Capital transfer to general fund..        -240        -463        -142
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         344          30          27
23.95 Total new obligations.............         -36         -30         -27
24.40 Unobligated balance carried 
        forward, end of year............         308
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...         338         185         169
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          44          26          26
73.10 Total new obligations.............          36          30          27
73.20 Total outlays (gross).............         -54         -30         -27
74.40 Obligated balance, end of year....          26          26          26
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          54          30          27
----------------------------------------------------------------------------

[[Page 1062]]



    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
          Non-Federal sources:
88.40       Asset Sale Proceeds.........         -96        -128        -116
88.40       Loan repayments.............         -76         -34         -30
88.40       Interest income.............         -20          -1          -1
88.40       Other income................          -8
88.40       Other collection of 
              Principal.................        -138         -22         -22
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -338        -185        -169
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................        -284        -155        -142
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         685         248         116
      Repayments:

1251    Repayments and prepayments......         -76
1252    Proceeds from loan asset sales 
          to the public or discounted...         -96        -128        -116
1262  Adjustments: Discount on loan 
        asset sales to the public or 
        discounted......................        -128          -4
1263  Write-offs for default: Direct 
        loans...........................        -137
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         248         116
---------------------------------------------------------------------------

    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    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................          54              2             3              5
0102  Expense...........................         -44            -82           -57            -50
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............          10            -80           -54            -45
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4153-0-3-453    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         290             36            27             20
1206  Non-Federal assets: Receivables, 
        net.............................         101              9             3              1
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............         685            248           116
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................         -47            -18            -4
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................         638            230           112
1901  Other Federal assets: Other assets                        320            66             52
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       1,029            595           208             73
    LIABILITIES:
      Federal liabilities:

2102    Interest payable................          39             22            11              5
2105    Other...........................                        565           141             45
      Non-Federal liabilities:

2201    Accounts payable................         990              4            12              6
2207    Other...........................                          4            44             17
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       1,029            595           208             73
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       1,029            595           208             73
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
25.2  Other services....................          14          19          21
43.0  Interest and dividends............          22          11           6
                                           ---------   ---------  ----------
99.9    Total new obligations...........          36          30          27
---------------------------------------------------------------------------

                                

          Pollution Control Equipment Fund Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program....................                       3           2
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................                       3           2
----------------------------------------------------------------------------

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

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................           3           3           3
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............                       3           2
73.20 Total outlays (gross).............                      -3          -2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                       3           2
----------------------------------------------------------------------------

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

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........          39          16           9
2251  Repayments and prepayments........         -17          -7          -4
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....
2264    Other adjustments, net..........          -6
                                           ---------   ---------  ----------
2290    Outstanding, end of year........          16           9           5
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..          16           9           5
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......          49          49          49
2331    Disbursements for guaranteed 
          loan claims...................
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          49          49          49
---------------------------------------------------------------------------

    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.

[[Page 1063]]

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4147-0-3-376    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
0102  Expense...........................           1                           -2             -2
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............           1                           -2             -2
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4147-0-3-376    2000 actual    2001 actual     2002 est.      2003 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           2              3             3              2
1206  Non-Federal assets: Receivables, 
        net.............................
1701  Net value of assets related to 
        pre-1992 direct loans receivable 
        and acquired defaulted 
        guaranteed loans receivable: 
        Defaulted guaranteed loans, 
        gross...........................          17             16            13             15
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          19             19            16             17
    LIABILITIES:
2104  Federal liabilities: Resources 
        payable to Treasury.............          19             19            16             17
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          19             19            16             17
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          19             19            16             17
-----------------------------------------------------------------------------------------------

                                

         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, 2002.)

                                

                      General Fund Receipt Accounts

                           (in millions of dollars)

----------------------------------------------------------------------------
                                         2001 actual   2002 est.   2003 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  73-272130  Disaster loan program, 
    Downward reestimates of subsidies...         384
  73-272230  Business loan program, 
    Downward reestimates of subsidies...         722         366
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................       1,106         366
---------------------------------------------------------------------------
