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


                     THE BUDGET FOR FISCAL YEAR 2006

[[Page 1097]]

 
                      SMALL BUSINESS ADMINISTRATION

    For 2006, the Budget requests $593 million in new budget authority 
for the Small Business Administration (SBA). SBA's continuing operations 
will provide approximately $25.8 billion in new loans to small 
businesses, funding for non-credit programs, and funding for the 
disaster loan 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 [106-554] 108-447, 
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, [$322,335,000] $307,159,000: 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 
[$89,000,000] $88,000,000 shall be available to fund grants for 
performance in fiscal year [2005] 2006 or fiscal year [2006] 2007 as 
authorized[: Provided further, That the Small Business Administration is 
authorized to award grants under the Women's Business Center 
Sustainability Pilot Program established by section 4(a) of Public Law 
106-165 (15 U.S.C. 656(l)): Provided further, That, of the amounts 
provided for Women's Business Centers, not less than 48 percent shall be 
available to continue Women's Business Centers in sustainability 
status]. (Departments of Commerce, Justice, and State, the Judiciary, 
and Related Agencies Appropriations Act, 2005.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Executive Direction...............          40          39          41
00.02 Capital Access....................          33          37          39
00.03 Gov. Contracting/ Bus. Development          19          19          24
00.04 Entrepreneurial Development.......           5           5           6
00.05 Management & Adminstration........          17          15          20
00.06 Office of Chief Information 
        Officer.........................          26          26          32
00.07 Regional & District Offices.......         132         131         127
00.08 Agency Wide Costs.................          49          48          50
00.09 Non Credit Programs...............         141         133         108
00.10 Congressional Initiatives.........          45          40
00.12 Disaster..........................         104         502         114
09.00 Reimbursable program..............           3          12          13
                                           ---------   ---------  ----------
10.00   Total new obligations...........         614       1,007         574
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           8          40          70
22.00 New budget authority (gross)......         645       1,037         508
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         655       1,077         578
23.95 Total new obligations.............        -614      -1,007        -574
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          40          70           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         372         362         307
40.35   Appropriation permanently 
          reduced.......................          -4          -5
42.00   Transferred from other accounts.          30
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         398         357         307
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............         247         680         201
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         645       1,037         508
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         311         288         254
73.10 Total new obligations.............         614       1,007         574
73.20 Total outlays (gross).............        -623      -1,041        -532
73.40 Adjustments in expired accounts 
        (net)...........................         -12
73.45 Recoveries of prior year 
        obligations.....................          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         288         254         296
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         466         876         370
86.93 Outlays from discretionary 
        balances........................         157         165         162
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         623       1,041         532
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Payments from business loan 
            program account.............        -127        -125        -129
88.00     Payments from disaster loan 
            program account.............        -113        -540         -56
88.00     Federal sources...............          -3         -12         -13
88.45     Offsetting governmental 
            collections (from non-
            Federal sources)............          -4          -3          -3
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -247        -680        -201
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         398         357         307
90.00 Outlays...........................         376         361         331
---------------------------------------------------------------------------

    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      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         177         177         174
11.3      Other than full-time permanent          11          11          10
11.5      Other personnel compensation..           3           3           3
                                           ---------   ---------  ----------
11.9        Total personnel compensation         191         191         187
12.1    Civilian personnel benefits.....          49          49          47
21.0    Travel and transportation of 
          persons.......................           6           5           6
23.1    Rental payments to GSA..........          35          34          35
23.3    Communications, utilities, and 
          miscellaneous charges.........           6           6           6
24.0    Printing and reproduction.......           1           1           1
25.2    Other services..................          48          33          51
25.3    Other purchases of goods and 
          services from Government 
          accounts (Disaster 
          Administrative Expenses)......         104         502         114
26.0    Supplies and materials..........           2           2           2
31.0    Equipment.......................           2           2           5
41.0    Grants, subsidies, and 
          contributions.................         170         173         110
                                           ---------   ---------  ----------
99.0      Direct obligations............         614         998         564
99.0  Reimbursable obligations..........                       9          10
                                           ---------   ---------  ----------
99.9    Total new obligations...........         614       1,007         574
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................       3,304       4,075       3,164
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          11          11          11
---------------------------------------------------------------------------

[[Page 1098]]


    Note.--The personnel summary includes regular (non-disaster) full-
time equivalents (FTEs) of 2461, 2380, 2248 in 2004, 2005, and 2006, 
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, 
[$13,014,000] $14,500,000. (Departments of Commerce, Justice, and State, 
the Judiciary, and Related Agencies Appropriations Act, 2005.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Audit.............................           5           5           6
00.02 Investigations....................           7           7           8
00.03 Management Policy.................           1           1           1
00.04 General Office/Legal Counsel......           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........          14          14          16
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          14          14          16
23.95 Total new obligations.............         -14         -14         -16
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

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

    Change in obligated balances:
73.10 Total new obligations.............          14          14          16
73.20 Total outlays (gross).............         -12         -14         -16
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          12          13          15
86.93 Outlays from discretionary 
        balances........................                       1           1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          12          14          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          13          15
90.00 Outlays...........................          13          13          15
---------------------------------------------------------------------------

    The Budget proposes $14.5 million in new budget authority and $0.9 
million transferred from the Disaster Loans Program account for a total 
of $15.4 million for the Office of Inspector General (OIG) for 2006. 
This appropriation provides funds for agency-wide audit, investigative, 
and related 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      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........           8           9          10
11.5      Other personnel compensation..           1           1           1
                                           ---------   ---------  ----------
11.9        Total personnel compensation           9          10          11
12.1    Civilian personnel benefits.....           2           2           2
25.2    Other services..................           2           1           2
                                           ---------   ---------  ----------
99.0      Direct obligations............          13          13          15
99.0  Reimbursable obligations..........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          14          14          16
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          98         103         107
---------------------------------------------------------------------------

                                

Public enterprise funds:

                  Surety Bond Guarantees Revolving Fund

    For additional capital for the Surety Bond Guarantees Revolving 
Fund, authorized by the Small Business Investment Act, as amended, 
[$2,900,000] $3,000,000, to remain available until expended. 
(Departments of Commerce, Justice, and State, the Judiciary, and Related 
Agencies Appropriations Act, 2005.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4156-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable obligations..........           8          10          10
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................           8          10          10
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          23          23          22
22.00 New budget authority (gross)......           8           9           9
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          31          32          31
23.95 Total new obligations.............          -8         -10         -10
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          23          22          21
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................                       3           3
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............           8           6           6
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................           8           9           9
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..                       1           1
73.10 Total new obligations.............           8          10          10
73.20 Total outlays (gross).............          -7         -10         -10
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           1           1           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           7           9           9
86.93 Outlays from discretionary 
        balances........................                       1           1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           7          10          10
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -8          -6          -6
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                       3           3
90.00 Outlays...........................                       4           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 2006, the Budget proposes a $1.7 billion program level that is 
anticipated to be sufficient to accommodate demand from prior-approval 
and preferred sureties. 

[[Page 1099]]

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4156-0-3-376

2003 actual

2004 actual

-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101

Fund balances with Treasury

23

23

        Investments in US securities:
1106

Receivables, net

6

5





1999

Total assets

29

28

    LIABILITIES:
2201

Non-Federal liabilities: Accounts payable

20

21





2999

Total liabilities

20

21

    NET POSITION:
3100

Appropriated capital

281

1

3300

Cumulative results of operations

-272

6





3999

Total net position

9

7





4999

Total liabilities and net position

29

28

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

                                

Credit accounts:

                     Business Loans Program Account

    [For the cost of direct loans, $1,455,000, 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: Provided further, That subject] Subject to section 
502 of the Congressional Budget Act of 1974, during fiscal year [2005] 
2006 commitments to guarantee loans under section 503 of the Small 
Business Investment Act of 1958, shall not exceed [$5,000,000,000] 
$5,500,000,000: [Provided further, That subsection 503(f) of the Small 
Business Investment Act of 1958 (15 U.S.C. 697(f)), as amended by 
section 2 of Public Law 108-217, is further amended by striking 
``October 1, 2004'' and inserting ``October 1, 2005'':] Provided 
[further], That during fiscal year [2005] 2006 commitments for general 
business loans authorized under section 7(a) of the Small Business Act, 
shall not exceed [$16,000,000,000] $16,500,000,000: Provided further, 
That during fiscal year [2005] 2006 commitments to guarantee loans for 
debentures [and participating securities] under section 303(b) of the 
Small Business Investment Act of 1958, shall not exceed [the levels 
established by section 20(i)(1)(C) of the Small Business Act] 
$3,000,000,000: Provided further, That during fiscal year [2005] 2006 
guarantees of trust certificates authorized by section 5(g) of the Small 
Business Act shall not exceed a principal amount of [$10,000,000,000] 
$12,000,000,000.
    In addition, for administrative expenses to carry out the direct and 
guaranteed loan programs, [$126,653,000] $129,000,000, which may be 
transferred to and merged with the appropriations for Salaries and 
Expenses. (Departments of Commerce, Justice, and State, the Judiciary, 
and Related Agencies Appropriations Act, 2005.)

        General Fund Credit Receipt Accounts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
0102  Negative subsidies/subsidy 
        reestimates.....................         228         470
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............           2           1
00.02 Guaranteed loan subsidy...........          91
00.05 Reestimate of direct loan.........          26
00.06 Interest on direct loan 
        reestimation....................           4
00.07 Reestimate of loan guarantee 
        subsidy.........................       1,939       1,357
00.08 Interest on reestimates of loan 
        guarantee subsidy...............         465         549
00.09 Administrative expenses...........         127         125         129
                                           ---------   ---------  ----------
10.00   Total new obligations...........       2,654       2,032         129
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          26          15          15
22.00 New budget authority (gross)......       2,643       2,032         129
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       2,669       2,047         144
23.95 Total new obligations.............      -2,654      -2,032        -129
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          15          15          15
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         209         128         129
40.35   Appropriation permanently 
          reduced.......................          -2          -2
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         207         126         129
      Mandatory:

60.00   Appropriation...................       2,434       1,906
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       2,643       2,032         129
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          85          62          61
73.10 Total new obligations.............       2,654       2,032         129
73.20 Total outlays (gross).............      -2,675      -2,033        -128
73.40 Adjustments in expired accounts 
        (net)...........................          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          62          61          62
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         177          79          81
86.93 Outlays from discretionary 
        balances........................          64          48          47
86.97 Outlays from new mandatory 
        authority.......................       2,434       1,906
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       2,675       2,033         128
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       2,641       2,032         129
90.00 Outlays...........................       2,673       2,033         128
---------------------------------------------------------------------------

                             Performance Metrics

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Section 504 Certified Development Company 
                Guaranteed Loan Program:
36401 Estimated number of jobs created 
        or retained.....................     152,287      84,797
36403 Number of 504 loans guaranteed....       8,357       6,300
36404 Cost to originate each loan.......       3,912       3,491
    Section 7 (a) Guaranteed Loan Program:
234618Administrative cost per loan ($)..       2,349         997         729
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Micro loans.......................          23          10
                                           ---------   ---------  ----------
115901Total direct loan levels..........          23          10
    Direct loan subsidy (in percent):
132001Micro loans.......................        9.55       10.25        0.00
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....        9.55       10.25        0.00
    Direct loan subsidy budget authority:
133001Micro loans.......................           2           1
                                           ---------   ---------  ----------
133901Total subsidy budget authority....           2           1
    Direct loan subsidy outlays:
134001Micro loans.......................           2           1
                                           ---------   ---------  ----------
134901Total subsidy outlays.............           2           1
    Direct loan upward reestimate subsidy budget 
                authority:
135001Msc. loans........................          30
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................          30
    Direct loan downward reestimate subsidy budget 
                authority:
137001Misc. loans.......................          -2
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................          -2
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
215001Microloan guarantees..............

[[Page 1100]]

215002General business--7(a)............       4,623      16,000      16,500
215002General business--7(a)............       7,204
215003General business--Terrorist 
        response........................
215004Section 504.......................       3,966       5,000       5,500
215005Section 504 -DELTA................
215006SBIC debentures...................         607       3,250       3,000
215007SBIC participating securities.....       4,000
215008New Market Venture Capital........                       3
215009General business 7(a) DELTA.......
215010Secondary market guarantee........       3,572      10,000      12,000
                                           ---------   ---------  ----------
215901Total loan guarantee levels.......      23,972      34,253      37,000
    Guaranteed loan subsidy (in percent):
232001Microloan guarantees..............        8.66        8.66        0.00
232002General business--7(a)............        1.06        0.00        0.00
232002General business--7(a)............        0.58        0.00        0.00
232003General business--Terrorist 
        response........................        1.06        1.06        0.00
232004Section 504.......................        0.00        0.00        0.00
232005Section 504-DELTA.................        0.00        0.88        0.00
232006SBIC debentures...................        0.00        0.00        0.00
232007SBIC participating securities.....        0.00        0.00        0.00
232008New Market Venture Capital........       16.05       16.03        0.00
232009General business 7(a) DELTA.......        0.00        1.56        0.00
232010Secondary market guarantee........        0.00        0.00        0.00
                                           ---------   ---------  ----------
232901Weighted average subsidy rate.....        0.38        0.00        0.00
    Guaranteed loan subsidy budget authority:
233001Microloan guarantees..............
233002General business--7(a)............          49
233002General business--7(a)............          42
233003General business--Terrorist 
        response........................
233004Section 504.......................
233005Section 504-DELTA.................
233006SBIC debentures...................
233007SBIC participating securities.....
233008New Market Venture Capital........
233009General business 7(a) DELTA.......
233010Secondary market guarantee........
                                           ---------   ---------  ----------
233901Total subsidy budget authority....          91
    Guaranteed loan subsidy outlays:
234001Microloan guarantees..............
234002General business--7(a)............         110
234002General business--7(a)............
234003General business--7(a) terrorist 
        response........................
234004Section 504.......................
234005Section 504- DELTA................
234006SBIC debentures...................
234007SBIC participating securities.....
234008New Market Venture Capital........
234009General business 7(a) -DELTA......
234010Secondary market guarantee........
                                           ---------   ---------  ----------
234901Total subsidy outlays.............         110
    Guaranteed loan upward reestimate subsidy 
                budget authority:
235001Microloan guarantees..............
235002General business 7(a).............         304         556
235003General business--7(a) terrorist 
        response........................
235004Section 504.......................           3         221
235005Section 504-DELTA.................
235006SBIC debentures...................         128         117
235007SBIC participating securities.....       1,864         968
235008New Market Venture Capital........
235009General business 7(a) -DELTA......
235010Secondary market guarantee........         105          44
                                           ---------   ---------  ----------
235901Total upward reestimate budget 
        authority.......................       2,404       1,906
    Guaranteed loan downward reestimate subsidy 
                budget authority:
237001Microloan guarantees..............
237002general business 7(a).............        -106        -135
237003General business--7(a)-terrorist 
        response........................                     -13
237004Section 504.......................         -82         -98
237005Section 504 -DELTA................
237006SBIC debentures...................         -38        -178
237007SBIC participating securities.....                     -46
237008New Market Venture Capital........
237009General business 7(a)--DELTA......
237010Secondary market guarantee........
                                           ---------   ---------  ----------
237901Total downward reestimate subsidy 
        budget authority................        -226        -470
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................         126         127         129
359001Outlays from new authority........         126         127         128
---------------------------------------------------------------------------

    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 2006, the budget proposes $129 million in new budget authority 
for the Business Loans Program account. This amount will be used to 
administer the loan programs. For all business loan programs, borrowers' 
fees are sufficient to cover credit subsidy obligations.

    The Section 7(a) program provides general business credit 
assistance. The requested program level for 2006 is $16.5 billion. The 
Section 504 CDC Program is for long-term fixed rate financing and will 
require a program level of $5.5 billion in 2006. The Small Business 
Investment Company (SBIC) program provides credit to support venture 
capital investments. The Budget proposes a program level of $3 billion 
for SBIC Debentures.

    As part of the Secondary Market Guarantee (SMG), the Master Reserve 
Fund (MRF) is maintained by the SBA's fiscal agent as part of its 
administration of the secondary market program. SBA's loan pooling 
program provides for the pooling of loans having terms that vary with a 
range prescribed by SBA, while the secondary investors have a fixed term 
for their investment that is the term of the longest loan in the pool. 
The MRF balances include principal paid by borrowers on pooled loans and 
interest on borrowers' payments received prior to their disbursement to 
the secondary holders. The earnings on the balances fund the SBA's 
guarantee of the timely payment of principal and interest owed to the 
holders of SBA guaranteed pool securities.

    SBA budgets for the secondary market program in accordance with the 
Federal Credit Reform Act. SBA has refined its subsidy estimates and is 
accounting for loans in both financing and liquidating accounts. SBA's 
secondary market program has approximately $14 billion of currently 
outstanding investments held by secondary market pool holders.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
25.2  Other services....................         126         125         129
41.0  Grants, subsidies, and 
        contributions...................       2,528       1,907
                                           ---------   ---------  ----------
99.9    Total new obligations...........       2,654       2,032         129
---------------------------------------------------------------------------

                                

                 Business Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................          23          10
00.02 Interest on Treasury borrowing....          21          25
00.03 Other expense.....................           1           1           1
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal......................          45          36           1
08.02 Payment of downward reestimate to 
        a receipt account...............           1
08.04 Payment of interest on downward 
        reestimate to a receipt account.           1
                                           ---------   ---------  ----------

[[Page 1101]]


08.91   Direct Program by Activities--
          Subtotal......................           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........          47          36           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         315          74
22.00 New financing authority (gross)...          88          39          18
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
22.60 Portion applied to repay debt.....        -284         -77         -17
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         121          36           1
23.95 Total new obligations.............         -47         -36          -1
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          74
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............          22
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).          67          39          18
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          -1
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....          66          39          18
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................          88          39          18
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          28          29          35
73.10 Total new obligations.............          47          36           1
73.20 Total financing disbursements 
        (gross).........................         -45         -30          -5
73.45 Recoveries of prior year 
        obligations.....................          -2
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          29          35          31
87.00 Total financing disbursements 
        (gross).........................          45          30           5
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources: Payments from 
            program account.............          -2          -1
88.00     Upward reestimate.............         -26
88.00     Interest on reestimate........          -4
88.25     Interest on uninvested funds..         -15         -16
88.40     Repayments of principal, net..         -18         -13         -11
88.40     Other income..................          -2          -9          -7
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -67         -39         -18
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............           1
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          22
90.00 Financing disbursements...........         -22          -9         -13
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........          23          10
                                           ---------   ---------  ----------
1150    Total direct loan obligations...          23          10
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         127         132         127
1231  Disbursements: Direct loan 
        disbursements...................          21          15           5
1251  Repayments: Repayments and 
        prepayments.....................         -15         -14         -12
1263  Write-offs for default: Direct 
        loans...........................          -1          -6          -5
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         132         127         115
---------------------------------------------------------------------------

    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

2003 actual

2004 actual

-----------------------------------------------------------------------------------------------
    ASSETS:
1101

Federal assets: Fund balances with Treasury

343

102

1206

Non-Federal assets: Receivables, net



2

      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401

Direct loans receivable, gross

127

132

1405

Allowance for subsidy cost (-)

-10

-42





1499

Net present value of assets related to direct loans

117

90





1999

Total assets

460

194

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

2



2103

Debt

454

191

2207

Non-Federal liabilities: Other

4

3





2999

Total liabilities

460

194





4999

Total liabilities and net position

460

194

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

                                

               Business Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Default claims....................       1,372       1,264       1,350
00.02 Interests on Treasury borrowing...         154         175         200
00.05 Other Expenses....................         192          15          15
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal......................       1,718       1,454       1,565
                                           ---------   ---------  ----------
02.00   Interest on Treasury borrowing..       1,718       1,454       1,565
08.02 Payment of downward reestimate to 
        receipt account.................         189         323
08.04 Payment of interest on downward 
        reestimate to receipt account...          37         147
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal......................         226         470
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,944       1,924       1,565
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         249       3,071       4,693
22.00 New financing authority (gross)...       4,766       3,546       1,600
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       5,015       6,617       6,293
23.95 Total new obligations.............      -1,944      -1,924      -1,565
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........       3,071       4,693       4,728
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............       1,400         500         300
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).       3,412       3,046       1,300
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........         -46
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....       3,366       3,046       1,300
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       4,766       3,546       1,600
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         -68         -39
73.10 Total new obligations.............       1,944       1,924       1,565
73.20 Total financing disbursements 
        (gross).........................      -1,961      -1,885      -1,565
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          46
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         -39
87.00 Total financing disbursements 
        (gross).........................       1,961       1,885       1,565
----------------------------------------------------------------------------

[[Page 1102]]



    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Payments from program account.        -111
88.00     Upward reestimate.............      -1,939      -1,357
88.00     Interest on reestimate........        -465        -549
88.00     Other.........................         -18
88.25     Interest on uninvested funds..        -122        -125        -130
88.40     Fees..........................        -501        -700        -800
88.40     Recoveries....................        -244        -300        -350
88.40     other.........................         -12         -15         -20
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........      -3,412      -3,046      -1,300
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............          46
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............       1,400         500         300
90.00 Financing disbursements...........      -1,451      -1,161         265
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........      23,972      34,253      37,000
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................      23,972      34,253      37,000
2199  Guaranteed amount of guaranteed 
        loan commitments................      15,957      21,375      21,375
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........      52,630      56,962      67,560
2231  Disbursements of new guaranteed 
        loans...........................      14,067      21,000      21,000
2251  Repayments and prepayments........      -8,363      -9,100      -9,900
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................      -1,372      -1,302      -1,267
                                           ---------   ---------  ----------
2290    Outstanding, end of year........      56,962      67,560      77,393
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..      54,975      51,000      53,600
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......       1,830       2,769       3,412
2331    Disbursements for guaranteed 
          loan claims...................       1,372       1,302       1,267
2351    Repayments of loans receivable..        -302        -227        -232
2361    Write-offs of loans receivable..        -241        -255        -275
2364    Other adjustments, net..........         110        -177        -150
                                           ---------   ---------  ----------
2390      Outstanding, end of year......       2,769       3,412       4,022
---------------------------------------------------------------------------

    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

2003 actual

2004 actual

-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101

Fund balances with Treasury

181

3,032

        Investments in US securities:
1106

Receivables, net

18

1,763

      Non-Federal assets:

1206

Receivables, net

30

34

1207

Advances and prepayments



19

      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501

Defaulted guaranteed loans receivable, net

1,840

2,769

1505

Allowance for subsidy cost (-)



-2,459





1599

Net present value of assets related to defaulted guaranteed loans

1,840

310

1901

Other Federal assets: Public and other

720







1999

Total assets

2,789

5,158

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

5



2103

Debt

1,092

2,492

2105

Other



488

      Non-Federal liabilities:

2201

Accounts payable

54

23

2204

Liabilities for loan guarantees

1,626

2,175

2207

Other

12

-20





2999

Total liabilities

2,789

5,158





4999

Total liabilities and net position

2,789

5,158

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

                                

                 Business Loan Fund Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest Expense to Treasury......           8           5           4
00.05 Guaranteed loan default claims....           6           4           3
                                           ---------   ---------  ----------
10.00   Total new obligations...........          14           9           7
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         143          93
22.00 New budget authority (gross)......         128         105          59
22.40 Capital transfer to general fund..        -143        -172         -39
22.60 Portion applied to repay debt to 
        FFB.............................         -21         -17         -13
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         107           9           7
23.95 Total new obligations.............         -14          -9          -7
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          93
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          50          50          20
69.00 Offsetting collections (cash).....          81          55          39
69.10 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -3
                                           ---------   ---------  ----------
69.90   Spending authority from 
          offsetting collections (total 
          mandatory)....................          78          55          39
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         128         105          59
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          36          15           4
73.10 Total new obligations.............          14           9           7
73.20 Total outlays (gross).............         -38         -20         -10
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           3
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          15           4           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          38          20          10
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -3
          Loan repayments:
88.40       Financing programs-principal         -23         -18         -11
88.40       Investment programs-
              principal.................          -8          -5          -4
88.40       Interest Income-Business & 
              investment................         -10          -7          -6
88.40       Fees........................          -6          -4          -3
88.40       Collection on FFB loans.....         -21         -17         -13
88.40       Other Income-both Business 
              and Investment............         -10          -4          -2
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -81         -55         -39

[[Page 1103]]

      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................           3
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          50          50          20
90.00 Outlays...........................         -43         -35         -29
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         106          75          51
1251  Repayments: Repayments and 
        prepayments.....................         -26         -21         -17
1263  Write-offs for default: Direct 
        loans...........................          -5          -3          -1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          75          51          33
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          78          57          40
1251  Repayments: Repayments and 
        prepayments.....................         -21         -17         -13
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          57          40          27
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         758         531         375
2251  Repayments and prepayments........        -205        -150        -119
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....          -6          -6          -5
2264    Other adjustments, net..........         -16
                                           ---------   ---------  ----------
2290    Outstanding, end of year........         531         375         251
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         467         330         220
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......         106          79          60
2331    Disbursements for guaranteed 
          loan claims...................           6           6           5
2351    Repayments of loans receivable..         -26         -15         -13
2361    Write-offs of loans receivable..          -8          -7          -5
2364    Other adjustments, net..........           1          -3          -1
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          79          60          46
---------------------------------------------------------------------------

    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.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4154-0-3-376

2003 actual

2004 actual

-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101

Fund balances with Treasury

179

108

        Investments in US securities:
1106

Receivables, net

3

3

      Non-Federal assets:

1206

Receivables, net

1

1

1207

Advances and prepayments

4

4

      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601

Direct loans, gross

184

133





1699

Value of assets related to direct loans

184

133

1901

Other Federal assets: Other assets

46

35





1999

Total assets

417

284

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

32

8

2103

Debt

80

58

2105

Other Liabilities

274

183

      Non-Federal liabilities:

2201

Accounts payable

6

8

2207

Other Liabilities

25

27





2999

Total liabilities

417

284





4999

Total liabilities and net position

417

284

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
42.0  Insurance claims and indemnities..           6           4           3
43.0  Interest and dividends............           8           5           4
                                           ---------   ---------  ----------
99.9    Total new obligations...........          14           9           7
---------------------------------------------------------------------------

                                

                     Disaster Loans Program Account

    For the cost of direct loans authorized by section 7(b) of the Small 
Business Act, $83,335,000, 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. In 
addition, for administrative expenses to carry out the direct loan 
program authorized by section 7(b), of the Small Business Act, 
[$113,159,000] $56,000,000, to remain available until expended, which 
may be transferred to and merged with appropriations for Salaries and 
Expenses, of which [$500,000] $900,000 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 [$104,409,000] $46,100,000 is for direct administrative expenses 
of loan making and servicing to carry out the direct loan program[, to 
remain available until expended]; and of which [$8,250,000] $9,000,000 
is for indirect administrative expenses: Provided, That any amount in 
excess of [$8,250,000] $9,000,000 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, 2005.)
    [For an additional amount for ``Disaster Loans Program Account'' for 
the cost of direct loans, $501,000,000, 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.
    In addition, for an additional amount for ``Disaster Loans Program 
Account'' for administrative expenses to carry out the disaster loan 
program, $428,000,000, to remain available until expended, which may be 
transferred to the appropriations for ``Salaries and Expenses'': 
Provided, That no funds shall be transferred to the appropriations for 
``Salaries and Expenses'' for indirect administrative expenses: Provided 
further, That the amounts provided under this heading are designated as 
an emergency requirement pursuant to section 402 of S. Con. Res. 95 
(108th Congress), as made applicable to the House of Representatives by 
H. Res. 649 (108th Congress) and applicable to the Senate by section 
14007 of Public Law 108-287.] (Emergency Supplemental Appropriations for 
Hurricane Disasters Assistance Act, 2005.)

        General Fund Credit Receipt Accounts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
0102  Negative subsidies/subsidy 
        reestimates.....................           2          70
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............          80         501          83

[[Page 1104]]

00.05 Upward reestimate of direct loans.         591         222
00.06 Interest on upward reestimates of 
        direct loans....................         537         114
00.09 Administrative expense............         113         541          56
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,321       1,378         139
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          38          29          37
22.00 New budget authority (gross)......       1,298       1,376         139
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          14          10
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,350       1,415         176
23.95 Total new obligations.............      -1,321      -1,378        -139
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          29          37          37
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         171         113         139
40.00   Appropriation (supplemental)....                     929
40.35   Appropriation permanently 
          reduced.......................          -2          -2
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         169       1,040         139
      Mandatory:

60.00   Appropriation...................       1,128         336
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           1
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       1,298       1,376         139
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          36          43         207
73.10 Total new obligations.............       1,321       1,378         139
73.20 Total outlays (gross).............      -1,300      -1,204        -345
73.45 Recoveries of prior year 
        obligations.....................         -14         -10
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          43         207           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         131         800         107
86.93 Outlays from discretionary 
        balances........................          41          68         238
86.97 Outlays from new mandatory 
        authority.......................       1,128         336
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,300       1,204         345
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,297       1,376         139
90.00 Outlays...........................       1,299       1,204         345
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Disaster Loan.....................         664       3,966         810
115001EIDL Terrorist Attack.............           3          16
115001PHY Terrorist Attack..............           1
                                           ---------   ---------  ----------
115901Total direct loan levels..........         668       3,982         810
    Direct loan subsidy (in percent):
132001Disaster Loan.....................       11.72       12.86       14.64
132001EIDL Terrorist Attack.............       23.20        0.00        0.00
132001PHY Terrorist Attack..............       11.72        0.00        0.00
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....       11.72       12.86       14.64
    Direct loan subsidy budget authority:
133001Disaster Loan.....................          78         510          83
133001EIDL Terrorist Attack.............           1           4
133001PHY Terrorist Attack..............
                                           ---------   ---------  ----------
133901Total subsidy budget authority....          79         514          83
    Direct loan subsidy outlays:
134001Disaster Loan.....................          58         390          64
134001EIDL Terrorist Attack.............
134001PHY Terrorist Attack..............
                                           ---------   ---------  ----------
134901Total subsidy outlays.............          58         390          64
    Direct loan upward reestimate subsidy budget 
                authority:
135001Disaster Loan.....................       1,128         336
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................       1,128         336
    Direct loan downward reestimate subsidy budget 
                authority:
137001Disaster Loan.....................          -2         -70
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................          -2         -70
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................         114         541          56
359001Outlays from new authority........         113         551          56
---------------------------------------------------------------------------

    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 2006, SBA will rely on anticipated carry-over balances of $25.3 
million from 2005 plus $10 million in recoveries to support $810 million 
in loans. The subsidy rate is 14.64 percent. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
25.2  Other services....................         113         541          56
41.0  Grants, subsidies, and 
        contributions...................       1,208         837          83
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,321       1,378         139
---------------------------------------------------------------------------

                                

                 Disaster Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................         668       3,966         810
00.02 Interest on Treasury borrowing....         335         600         300
00.03 Other.............................          13
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal......................       1,016       4,566       1,110
08.02 Payment of downward reestimate to 
        a receipt account...............           1          27
08.04 Payment of interest on downward 
        reestimate to a receipt account.           1          43
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal......................           2          70
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,018       4,636       1,110
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       1,205       2,844
22.00 New financing authority (gross)...       2,550       5,267       1,395
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         107

[[Page 1105]]

22.60 Portion applied to repay debt.....                  -3,475        -285
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       3,862       4,636       1,110
23.95 Total new obligations.............      -1,018      -4,636      -1,110
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........       2,844
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............         782       3,711         691
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).       1,778       1,556         704
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........         -10
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....       1,768       1,556         704
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       2,550       5,267       1,395
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         180         293       2,003
73.10 Total new obligations.............       1,018       4,636       1,110
73.20 Total financing disbursements 
        (gross).........................        -808      -2,926      -1,100
73.45 Recoveries of prior year 
        obligations.....................        -107
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          10
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         293       2,003       2,013
87.00 Total financing disbursements 
        (gross).........................         808       2,926       1,100
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Payments from program account.         -59        -390         -64
88.00     Upward reestimate.............        -999        -222
88.00     Interest on upward reestimate.        -129        -114
88.25     Interest income from Treasury.        -178        -375        -275
88.40     Repayments of principal, net..        -410        -450        -350
88.40     Collection of misc. 
            receivables.................          -3          -5         -15
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........      -1,778      -1,556        -704
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............          10
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............         782       3,711         691
90.00 Financing disbursements...........        -971       1,370         396
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........
1131  Direct loan obligations exempt 
        from limitation.................         668       3,966         810
                                           ---------   ---------  ----------
1150    Total direct loan obligations...         668       3,966         810
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       2,935       3,034       5,692
1231  Disbursements: Direct loan 
        disbursements...................         467       2,900       1,100
1251  Repayments: Repayments and 
        prepayments.....................        -316        -200        -350
1263  Write-offs for default: Direct 
        loans...........................         -52         -42         -60
                                           ---------   ---------  ----------
1290    Outstanding, end of year........       3,034       5,692       6,382
---------------------------------------------------------------------------

    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

2003 actual

2004 actual

-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101

Fund balances with Treasury

1,385

3,137

        Investments in US securities:
1106

Interest/Accounts Receivables

64

375

      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401

Direct loans receivable, gross

2,935

3,034

1405

Allowance for subsidy cost (-)

-630

-613





1499

Net present value of assets related to direct loans

2,305

2,421

1504

Net value of assets related to post-1991 acquired defaulted guaranteed 
loans receivable: Foreclosed property

1,346







1999

Total assets

5,100

5,933

    LIABILITIES:
      Federal liabilities:

2103

Debt

5,081

5,863

2105

Other



68

      Non-Federal liabilities:

2201

Accounts payable

13

2

2207

Other

6







2999

Total liabilities

5,100

5,933





4999

Total liabilities and net position

5,100

5,933

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

                                

                 Disaster Loan Fund Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
01.01 Interest expense to Treasury......           2           1           1
01.03 Other expenses....................           1           2           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........           3           3           3
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          60          61
22.00 New budget authority from 
        offsetting collections (gross)..          64          61          28
22.40 Capital transfer to general fund..         -60        -119         -25
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          64           3           3
23.95 Total new obligations.............          -3          -3          -3
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          61
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          50          50          20
69.00 Offsetting collections (cash).....          14          11           8
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          64          61          28
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           4           3           2
73.10 Total new obligations.............           3           3           3
73.20 Total outlays (gross).............          -4          -4          -3
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           3           2           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           4           4           3
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.40     Loan repayments...............          -8          -8          -6
88.40     Other collection..............          -6          -3          -2
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -14         -11          -8
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          50          50          20
90.00 Outlays...........................         -10          -7          -5
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          44          35          25

[[Page 1106]]

1251  Repayments: Repayments and 
        prepayments.....................          -8          -8          -6
1263  Write-offs for default: Direct 
        loans...........................          -1          -2          -1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          35          25          18
---------------------------------------------------------------------------

    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.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4153-0-3-453

2003 actual

2004 actual

-----------------------------------------------------------------------------------------------
    ASSETS:
1101

Federal assets: Fund balances with Treasury

64

64

      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601

Direct loans, gross

46

35

1603

Allowance for estimated uncollectible loans and interest (-)



-1





1699

Value of assets related to direct loans

46

34

1901

Other Federal assets: Other assets



3





1999

Total assets

110

101

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

3

2

2105

Other

107

99





2999

Total liabilities

110

101





4999

Total liabilities and net position

110

101

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
25.2  Other services....................           1           2           2
43.0  Interest and dividends............           2           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........           3           3           3
---------------------------------------------------------------------------

                                

          Pollution Control Equipment Fund Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Disbursement for Guaranty Loan 
        Claim...........................                       3           3
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................                       3           3
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           3           3
22.00 New budget authority (gross)......           3           3           3
22.40 Capital transfer to general fund..          -3          -3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           3           3           3
23.95 Total new obligations.............                      -3          -3
                                           ---------   ---------  ----------
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           3
73.20 Total outlays (gross).............                      -3          -1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                       3           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           3           3           3
90.00 Outlays...........................                       3           1
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........           8           6           4
2251  Repayments and prepayments........          -4          -1          -2
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....                      -1
2264    Other adjustments, net..........           2
                                           ---------   ---------  ----------
2290    Outstanding, end of year........           6           4           2
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..           6           4           2
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......          49          49          52
2331    Disbursements for guaranteed 
          loan claims...................                       3           3
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          49          52          55
---------------------------------------------------------------------------

    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.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   73-4147-0-3-376

2003 actual

2004 actual

-----------------------------------------------------------------------------------------------
    ASSETS:
1101

Federal assets: Fund balances with Treasury

3

3

1701

Net value of assets related to pre-1992 direct loans receivable and 
acquired defaulted guaranteed loans receivable: Defaulted guaranteed loans, 
gross

16

16





1999

Total assets

19

19

    LIABILITIES:
2104

Federal liabilities: Resources payable to Treasury

19

19





2999

Total liabilities

19

19





4999

Total liabilities and net position

19

19

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

                                

         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, 2005.)

[[Page 1107]]

                                

                      General Fund Receipt Accounts

                          (in millions of dollars)

----------------------------------------------------------------------------
                                         2004 actual   2005 est.   2006 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  73-272130  Disaster loan program, 
    Downward reestimates of subsidies...           2          70
  73-272230  Business loan program, 
    Downward reestimates of subsidies...         228         470
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................         239         549
---------------------------------------------------------------------------

                                

      
