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


                     THE BUDGET FOR FISCAL YEAR 2007

[[Page 1091]]

 
                      SMALL BUSINESS ADMINISTRATION

    For 2007, the Budget requests $624 million in new budget authority 
for the Small Business Administration (SBA). SBA's continuing operations 
will provide more than $28 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 [108-447] 109-108, 
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, [$313,029,000] $303,550,000: 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] program activities, including fees authorized by 
section 5(b) of the Small Business Act: Provided further, That, 
notwithstanding 31 U.S.C. 3302, revenues received from all such 
activities shall be credited to this account, to [be] remain available 
until expended, for carrying out these purposes without further 
appropriations: Provided further, That the sum herein appropriated from 
the general fund shall be reduced up to the amount of $7,000,000, as the 
fees assessed and collected under the authority of section 5(b)(12)(E) 
of the Small Business Act are received, and any fees received in excess 
of $7,000,000 shall be available until expended: Provided further, That 
[$89,000,000] $87,120,000 shall be available to fund grants for 
performance in fiscal year [2006] 2007 or fiscal year [2007] 2008 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 41 percent shall be 
available to continue Women's Business Centers in sustainability 
status].

                              (rescission)

    Of the unobligated balances available under this heading, 
[$3,000,000] $6,100,000 are rescinded. (Science, State, Justice, 
Commerce, and Related Agencies Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Executive Direction...............          42          42          42
00.02 Capital Access....................          41          41          44
00.03 Gov. Contracting/ Bus. Development          19          19          21
00.04 Entrepreneurial Development.......           6           6           8
00.05 Management & Adminstration........          15          15          18
00.06 Office of Chief Information 
        Officer.........................          25          26          32
00.07 Regional & District Offices.......         124         124         127
00.08 Agency Wide Costs.................          48          47          48
00.09 Non Credit Programs...............         135         127         106
00.10 Congressional Initiatives.........          39          90
00.12 Disaster..........................         223         437         105
09.00 Reimbursable program..............           9          12          11
                                           ---------   ---------  ----------
10.00   Total new obligations...........         726         986         562
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          40         349          84
22.00 New budget authority (gross)......       1,034         721         556
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,076       1,070         640
23.95 Total new obligations.............        -726        -986        -562
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         349          84          78
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         362         404         297
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -4
40.35   Appropriation permanently 
          reduced.......................          -5          -1
40.36   Unobligated balance permanently 
          reduced.......................                      -3          -6
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         357         396         291
        Spending authority from 
            offsetting collections:
68.00     Offsetting collections (cash).         677         139         151
68.00     Offsetting collections (cash).                     186         114
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......         677         325         265
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       1,034         721         556
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         287         303         214
73.10 Total new obligations.............         726         986         562
73.20 Total outlays (gross).............        -685      -1,075        -602
73.40 Adjustments in expired accounts 
        (net)...........................         -23
73.45 Recoveries of prior year 
        obligations.....................          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         303         214         174
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         520         543         428
86.93 Outlays from discretionary 
        balances........................         165         532         174
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         685       1,075         602
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Payments from business loan 
            program account.............        -125        -124        -126
88.00     Payments from disaster loan 
            program account.............        -539        -186        -114
88.00     Federal sources...............         -10         -12         -11
88.00     Business Loan Fees............                                  -7
88.40     Non-Federal sources...........          -3          -3          -7
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................        -677        -325        -265
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         357         396         291
90.00 Outlays...........................           8         750         337
---------------------------------------------------------------------------

    The appropriation for this account is necessary to cover the 
administrative expenses for SBA headquarters and the field and for non-
credit programs. Appropriations for the administration of the Disaster 
direct loan and business loan programs are merged with this account. In 
addition, this account funds technical assistance grant programs.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         166         161         170
11.3      Other than full-time permanent          11          10          10
11.5      Other personnel compensation..           3           3           3
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         180         174         183
12.1    Civilian personnel benefits.....          54          47          47
21.0    Travel and transportation of 
          persons.......................           4           5           5
23.1    Rental payments to GSA..........          32          35          35
23.3    Communications, utilities, and 
          miscellaneous charges.........           5           6           7
24.0    Printing and reproduction.......           1           1           1
25.2    Other services..................          39          44          51
25.3    Other purchases of goods and 
          services from Government 
          accounts (Disaster 
          Administrative Expenses)......         223         437         105

[[Page 1092]]

26.0    Supplies and materials..........           2           3           4
31.0    Equipment.......................           3           5           7
41.0    Grants, subsidies, and 
          contributions.................         174         217         106
                                           ---------   ---------  ----------
99.0      Direct obligations............         717         974         551
99.0  Reimbursable obligations..........           9          12          11
                                           ---------   ---------  ----------
99.9    Total new obligations...........         726         986         562
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................       4,030       5,122       2,860
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................          11          11           8
---------------------------------------------------------------------------

                                

                       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, 
[$13,900,000] $14,355,000. (Science, State, Justice, Commerce, and 
Related Agencies Appropriations Act, 2006.)
     [For an additional amount for the ``Office of Inspector General'' 
for necessary expenses related to the consequences of hurricanes in the 
Gulf of Mexico in calendar year 2005, $5,000,000, to remain available 
until expended: Provided, That the amount provided under this heading is 
designated as an emergency requirement pursuant to section 402 of H. 
Con. Res. 95 (109th Congress), the concurrent resolution on the budget 
for fiscal year 2006.] (Emergency Supplemental Appropriations Act to 
Address Hurricanes in the Gulf of Mexico and Pandemic Influenza, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Audit.............................           5           7           6
00.02 Investigations....................           6           8           7
00.03 Management Policy.................           1           1           1
00.04 General Office/Legal Counsel......           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........          13          17          15
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                                   4
22.00 New budget authority (gross)......          14          21          15
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          14          21          19
23.95 Total new obligations.............         -13         -17         -15
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........                       4           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          13          14          14
40.30   Appropriations adjusted pursuant 
          to PL 109-148 (+).............                       5
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          13          19          14
68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           1           2           1
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          14          21          15
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           2           2           2
73.10 Total new obligations.............          13          17          15
73.20 Total outlays (gross).............         -14         -17         -16
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2           2           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          13          16          14
86.93 Outlays from discretionary 
        balances........................           1           1           2
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          14          17          16
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Payments from disaster 
          loan program account..........          -1          -2          -1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          13          19          14
90.00 Outlays...........................          13          15          15
---------------------------------------------------------------------------

    The Budget proposes $14.3 million in new budget authority and $0.5 
million transferred from the Disaster Loans Program account for a total 
of $14.9 million for the Office of Inspector General (OIG) for 2007. 
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 waste, fraud, and abuse.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........           8           9           9
11.5      Other personnel compensation..           1           1           1
                                           ---------   ---------  ----------
11.9      Total personnel compensation..           9          10          10
12.1    Civilian personnel benefits.....           2           2           2
25.2    Other services..................           1           4           2
                                           ---------   ---------  ----------
99.0      Direct obligations............          12          16          14
99.0  Reimbursable obligations..........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          13          17          15
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................          95         107         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 of 1958, as 
amended, [$2,861,000] $2,970,000, to remain available until expended. 
(Science, State, Justice, Commerce, and Related Agencies Appropriations 
Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4156-0-3-376      2005 actual   2006 est.   2007 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..........          22          23          21
22.00 New budget authority (gross)......           9           8           9
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          31          31          30
23.95 Total new obligations.............          -8         -10         -10
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          23          21          20
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................           3           3           3
68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           6           5           6
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................           9           8           9
----------------------------------------------------------------------------

[[Page 1093]]



    Change in obligated balances:
72.40 Obligated balance, start of year..           1           2           3
73.10 Total new obligations.............           8          10          10
73.20 Total outlays (gross).............          -7          -9         -10
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2           3           3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           6           8           9
86.93 Outlays from discretionary 
        balances........................           1           1           1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           7           9          10
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -6          -5          -6
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           3           3           3
90.00 Outlays...........................           1           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 secure them and compete in the contracting 
industry.

    In 2007, the Budget proposes a $1.7 billion program level that is 
anticipated to be sufficient to accommodate demand from prior-approval 
and preferred sureties.

                             Balance Sheet (in millions of dollars)

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

2004 actual

2005 actual

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

1101

Fund balances with Treasury

23

25

        Investments in US securities:
1106

Receivables, net

5

4





1999

Total assets

28

29

    LIABILITIES:
2201

Non-Federal liabilities: Accounts payable

21

25





2999

Total liabilities

21

25

    NET POSITION:
3100

Appropriated capital

1

1

3300

Cumulative results of operations

6

3





3999

Total net position

7

4





4999

Total liabilities and net position

28

29

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

                                

Credit accounts:

                     Business Loans Program Account

                     (including transfers of funds)

     [For the cost of direct loans, $1,300,000, 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 [2006] 2007 commitments to guarantee loans under section 503 
of the Small Business Investment Act of 1958, shall not exceed [the 
levels established under 20(e)(1)(B)(ii) of the Small Business Act] 
$7,500,000,000: Provided [further], That during fiscal year [2006] 2007 
commitments for general business loans authorized under section 7(a) of 
the Small Business Act, shall not exceed [the levels established under 
20(e)(1)(B)(i) of the Small Business Act] $17,500,000,000: Provided 
further, That during fiscal year [2006] 2007 commitments to guarantee 
loans for debentures under section 303(b) of the Small Business 
Investment Act of 1958, shall not exceed $3,000,000,000: Provided 
further, That during fiscal year [2006] 2007 guarantees of trust 
certificates authorized by section 5(g) of the Small Business Act shall 
not exceed a principal amount of $12,000,000,000.
    In addition, for administrative expenses to carry out the direct and 
guaranteed loan programs, [$125,307,000] $126,136,000, which may be 
transferred to and merged with the appropriations for Salaries and 
Expenses[: Provided, That, of the funds previously made available under 
Public Law 105-135, section 507(g), for the Delta Loan program, up to 
$500,000 may be transferred to and merged with the appropriation for 
Salaries and Expenses].

                              (rescission)

    Of the unobligated balances available under this heading, 
[$4,000,000] $5,000,000 are rescinded. (Science, State, Justice, 
Commerce, and Related Agencies Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............           2           1
00.02 Guaranteed loan subsidy...........           3
00.05 Reestimate of direct loan.........                      12
00.06 Interest on direct loan 
        reestimation....................                      14
00.07 Reestimate of loan guarantee 
        subsidy.........................       1,357         329
00.08 Interest on reestimates of loan 
        guarantee subsidy...............         549          50
00.09 Administrative expenses...........         125         124         126
                                           ---------   ---------  ----------
10.00   Total new obligations...........       2,036         530         126
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         101          13           9
22.00 New budget authority (gross)......       2,034         526         121
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           6
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       2,141         539         130
23.95 Total new obligations.............      -2,036        -530        -126
23.98 Unobligated balance expiring or 
        withdrawn.......................         -92
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          13           9           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         128         127         126
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -1
40.35   Appropriation permanently 
          reduced.......................          -2          -1
40.36   Unobligated balance permanently 
          reduced.......................                      -4          -5
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         126         121         121
      Mandatory:

60.00   Appropriation...................       1,906         405
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       2,034         526         121
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          63          19          18
73.10 Total new obligations.............       2,036         530         126
73.20 Total outlays (gross).............      -2,071        -531        -121
73.40 Adjustments in expired accounts 
        (net)...........................          -3
73.45 Recoveries of prior year 
        obligations.....................          -6
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          19          18          23
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         128         121         121
86.93 Outlays from discretionary 
        balances........................          37           5
86.97 Outlays from new mandatory 
        authority.......................       1,906         405
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       2,071         531         121
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -3
      Against gross budget authority only:

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

    Net budget authority and outlays:
89.00 Budget authority..................       2,032         526         121
90.00 Outlays...........................       2,069         531         121
---------------------------------------------------------------------------

[[Page 1094]]



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

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Micro loans.......................          18          20
                                           ---------   ---------  ----------
115901Total direct loan levels..........          18          20
    Direct loan subsidy (in percent):
132001Micro loans.......................       10.25        7.17        0.00
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....       10.25        7.17        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........................                      26
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................                      26
    Direct loan downward reestimate subsidy budget 
                authority:
137001Misc. loans.......................                     -42
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................                     -42
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
215002General business -- 7(a)..........      14,284      17,000      17,500
215004Section 504.......................       5,000       7,500       7,500
215006SBIC debentures...................         355       3,000       3,000
215010Secondary market guarantee........      10,000      12,000      12,000
215011General business 7(a) prior.......         300
                                           ---------   ---------  ----------
215901Total loan guarantee levels.......      29,939      39,500      40,000
    Guaranteed loan subsidy (in percent):
232002General business -- 7(a)..........        0.00        0.00        0.00
232004Section 504.......................        0.00        0.00        0.00
232006SBIC debentures...................        0.00        0.00        0.00
232010Secondary marker guarantee........        0.00        0.00        0.00
232011General business 7(a) prior.......        0.01        0.00        0.00
                                           ---------   ---------  ----------
232901Weighted average subsidy rate.....        0.00        0.00        0.00
    Guaranteed loan subsidy budget authority:
233002General business-- 7(a)...........
233004Section 504.......................
233006SBIC debentures...................
233010Secondary market guarantee........
233011General business 7(a) prior.......           3
                                           ---------   ---------  ----------
233901Total subsidy budget authority....           3
    Guaranteed loan subsidy outlays:
234002General business -- 7(a)..........          32
234004Section 504.......................
234006SBIC debentures...................
234010Secondary market guarantee........
234011General budiness 7(a) prior.......           3
                                           ---------   ---------  ----------
234901Total subsidy outlays.............          35
    Guaranteed loan upward reestimate subsidy 
                budget authority:
235001Microloan guarantees..............
235002General business 7(a).............         556          99
235003General business -- 7(a) terrorist 
        response........................
235004Section 504.......................         221
235005Section 504-DELTA.................
235006SBIC debentures...................         117          64
235007SBIC participating securities.....         969         153
235008New Market Venture Capital........                       1
235009General business 7(a) -DELTA......                       8
235010Secondary market guarantee........          44          53
235011General business 7(a) prior.......
235012SBIC 301(d) Guarantee.............                       1
235013502 Local development companies...
                                           ---------   ---------  ----------
235901Total upward reestimate budget 
        authority.......................       1,907         379
    Guaranteed loan downward reestimate subsidy 
                budget authority:
237001Microloan guarantees..............                      -1
237002general business 7(a).............        -135        -156
237003General business -- 7(a)-terrorist 
        response........................         -13          -7
237004Section 504.......................         -98        -202
237005Section 504 -DELTA................                     -18
237006SBIC debentures...................        -178         -48
237007SBIC participating securities.....         -46        -499
237008New Market Venture Capital........
237009General business 7(a)--DELTA......                      -1
237010Secondary market guarantee........                      -4
237011General business 7(a) Prior.......
237012SBIC 301(d) Guarantee.............                     -10
237013502 Local development compnies....                      -4
                                           ---------   ---------  ----------
237901Total downward reestimate subsidy 
        budget authority................        -470        -950
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................         125         127         126
359001Outlays from new authority........         125         124         120
---------------------------------------------------------------------------

    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 2007, the Budget proposes $126.1 million in new budget authority 
for the Business Loans Program account, of which $7 million will be 
repaid through administrative fee collections on loans over $1 million. 
No appropriations are required to cover loan subsidy as fees are 
sufficient to offset losses.

    The Section 7(a) program provides general business credit 
assistance. The requested guaranteed loan program level for 2007 is 
$17.5 billion. The Section 504 Certified Development Company program is 
for long-term fixed rate financing and the requested guaranteed loan 
program level is $7.5 billion in 2007. 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), SBA's fiscal agent 
pools the guaranteed portion of 7(a) loans and sells the securities to 
investors. This mechanism provides liquidity to lenders participating in 
the 7(a) loan program. For FY 2007, the Budget proposes a program level 
of $12 billion in such securities. In addition, the Budget proposes fee 
authority for the program to simplify program management.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
25.2  Other services....................         125         124         126
41.0  Grants, subsidies, and 
        contributions...................       1,911         406
                                           ---------   ---------  ----------
99.9    Total new obligations...........       2,036         530         126
---------------------------------------------------------------------------

                                

                 Business Direct Loan Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................          18          20
00.02 Interest on Treasury borrowing....          10           7
                                           ---------   ---------  ----------
00.91   Direct obligations--Subtotal....          28          27
08.02 Payment of downward reestimate to 
        a receipt account...............                      28
08.04 Payment of interest on downward 
        reestimate to a receipt account.                      14
                                           ---------   ---------  ----------
08.91   Direct obligations--Subtotal....                      42
                                           ---------   ---------  ----------

[[Page 1095]]


10.00   Total new obligations...........          28          69
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          73          41
22.00 New financing authority (gross)...          46          74          12
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           7
22.60 Portion applied to repay debt.....         -57         -46         -12
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          69          69
23.95 Total new obligations.............         -28         -69
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          41
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............          19          21
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).          28          53          12
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          -1
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......          27          53          12
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................          46          74          12
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          29          23          70
73.10 Total new obligations.............          28          69
73.20 Total financing disbursements 
        (gross).........................         -28         -22         -10
73.45 Recoveries of prior year 
        obligations.....................          -7
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          23          70          60
87.00 Total financing disbursements 
        (gross).........................          28          22          10
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources: Payments from 
            program account.............          -2          -2
88.00     Upward reestimate.............                     -12
88.00     Interest on reestimate........                     -14
88.25     Interest on uninvested funds..          -5          -6
88.40     Repayments of principal, net..         -21         -20         -11
88.40     Other income..................                                  -1
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................         -28         -54         -12
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............           1
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............                       1
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          19          21
90.00 Financing disbursements...........                     -32          -2
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........          18          20
                                           ---------   ---------  ----------
1150    Total direct loan obligations...          18          20
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         132         134         134
1231  Disbursements: Direct loan 
        disbursements...................          19          18           5
1251  Repayments: Repayments and 
        prepayments.....................         -17         -15         -12
1263  Write-offs for default: Direct 
        loans...........................                      -3          -2
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         134         134         125
---------------------------------------------------------------------------

    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

2004 actual

2005 actual

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

1101

Fund balances with Treasury

102

64

        Investments in US securities:
1106

Receivables, net



24

1206

Non-Federal assets: Receivables, net

2

1

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

1401

Direct loans receivable, gross

132

134

1405

Allowance for subsidy cost (-)

-42

-24





1499

Net present value of assets related to direct loans

90

110





1999

Total assets

194

199

    LIABILITIES:
      Federal liabilities:

2103

Debt

191

154

2105

Other



43

2207

Non-Federal liabilities: Other

3

2





2999

Total liabilities

194

199





4999

Total liabilities and net position

194

199

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

                                

               Business Guaranteed Loan Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Default claims....................       1,547       1,660       1,650
00.02 Interest on Treasury borrowing....         127         275         250
00.05 Other Expenses....................         131         120          15
                                           ---------   ---------  ----------
00.91   Direct obligations--Subtotal....       1,805       2,055       1,915
                                           ---------   ---------  ----------
08.02 Payment of downward reestimate to 
        receipt account.................         323         719
08.04 Payment of interest on downward 
        reestimate to receipt account...         147         231
                                           ---------   ---------  ----------
08.91   Direct obligations--Subtotal....         470         950
                                           ---------   ---------  ----------
10.00   Total new obligations...........       2,275       3,005       1,915
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       3,072       2,514       2,343
22.00 New financing authority (gross)...       3,713       2,834       1,925
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          10
22.60 Portion applied to repay debt.....      -2,006
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       4,789       5,348       4,268
23.95 Total new obligations.............      -2,275      -3,005      -1,915
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........       2,514       2,343       2,353
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............         470         950         300
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).       3,288       1,884       1,625
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........         -45
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......       3,243       1,884       1,625
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       3,713       2,834       1,925
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         -39          16         271
73.10 Total new obligations.............       2,275       3,005       1,915
73.20 Total financing disbursements 
        (gross).........................      -2,255      -2,750      -2,100
73.45 Recoveries of prior year 
        obligations.....................         -10
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          45
                                           ---------   ---------  ----------

[[Page 1096]]


74.40   Obligated balance, end of year..          16         271          86
87.00 other.............................       2,255       2,750       2,100
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Payments from program account.         -35
88.00     Upward reestimate.............      -1,357        -329
88.00     Interest on reestimate........        -550         -50
88.00     Other.........................
88.25     Interest on uninvested funds..        -170        -130        -130
88.40     Fees..........................        -593        -700        -725
88.40     Recoveries....................        -546        -650        -750
88.40     other.........................         -38         -25         -20
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................      -3,289      -1,884      -1,625
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............          45
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           1
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............         470         950         300
90.00 Financing disbursements...........      -1,033         866         475
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........      29,939      39,500      40,000
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................      29,939      39,500      40,000
2199  Guaranteed amount of guaranteed 
        loan commitments................      23,000      29,625      30,400
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........      56,962      72,880      82,670
2231  Disbursements of new guaranteed 
        loans...........................      18,551      24,490      22,940
2251  Repayments and prepayments........     -11,348     -12,800     -14,700
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....      -1,547      -1,900      -2,100
2264    Other adjustments, net..........      10,262
                                           ---------   ---------  ----------
2290    Outstanding, end of year........      72,880      82,670      88,810
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..      69,726      78,536      84,370
    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......       2,769       4,204       5,219
2331    Disbursements for guaranteed 
          loan claims...................       1,547       1,900       2,100
2351    Repayments of loans receivable..        -402        -610        -730
2361    Write-offs of loans receivable..        -219        -275        -275
2364    Other adjustments, net..........         509
                                           ---------   ---------  ----------
2390      Outstanding, end of year......       4,204       5,219       6,314
---------------------------------------------------------------------------

    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

2004 actual

2005 actual

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

1101

Fund balances with Treasury

3,032

2,529

        Investments in US securities:
1106

Receivables, net

1,763

354

1206

Non-Federal assets: Receivables, net

53

50

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

1501

Defaulted guaranteed loans receivable, gross

2,769

4,204

1504

Foreclosed property



15

1505

Allowance for subsidy cost (-)

-2,459

-3,154





1599

Net present value of assets related to defaulted guaranteed loans

310

1,065





1999

Total assets

5,158

3,998

    LIABILITIES:
      Federal liabilities:

2103

Debt

2,492

956

2105

Other

488

889

      Non-Federal liabilities:

2201

Accounts payable

23

31

2204

Liabilities for loan guarantees

2,175

2,143

2207

Other

-20

-21





2999

Total liabilities

5,158

3,998





4999

Total liabilities and net position

5,158

3,998

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

                                

                 Business Loan Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest Expense to Treasury......           6           4           3
00.05 Guaranteed loan default claims....           5           3           2
00.09 Other expenses....................          11           7           5
                                           ---------   ---------  ----------
10.00   Total new obligations...........          22          14          10
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          93          78
22.00 New budget authority (gross)......         115          78          56
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
22.40 Capital transfer to general fund..         -93        -127         -34
22.60 Portion applied to repay debt to 
        FFB.............................         -17         -15         -12
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         100          14          10
23.95 Total new obligations.............         -22         -14         -10
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          78
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          50          30          20
69.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............          65          48          36
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         115          78          56
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          15          10           6
73.10 Total new obligations.............          22          14          10
73.20 Total outlays (gross).............         -25         -18         -13
73.45 Recoveries of prior year 
        obligations.....................          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          10           6           3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          25          18          13
      Loan repayments:

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

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
          Loan repayments:
88.40     Financing Investtment 
            programs-principal..........         -37         -25         -17
88.40     Interest Income-Business & 
            investment..................          -6          -5          -4
88.40     Fees..........................          -1          -1          -1
88.40     Collection on FFB loans.......         -17         -15         -12
88.40     Other Income-both Business and 
            Investment..................          -4          -2          -2
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................         -65         -48         -36
----------------------------------------------------------------------------

[[Page 1097]]



    Net budget authority and outlays:
89.00 Budget authority..................          50          30          20
90.00 Outlays...........................         -40         -30         -23
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           4           9           4
1232  Disbursements: Purchase of loans 
        assets from the public..........
1251  Repayments: Repayments and 
        prepayments.....................          -2          -4          -2
      Write-offs for default:

1263    Direct loans....................                      -1
1264    Other adjustments, net\1\ ......           7
                                           ---------   ---------  ----------
1290    Outstanding, end of year........           9           4           2
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          57          40          25
1251  Repayments: Repayments and 
        prepayments.....................         -17         -15         -12
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          40          25     13 \1\ 
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         531         377         268
2251  Repayments and prepayments........        -150        -106         -75
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................          -4          -3          -2
                                           ---------   ---------  ----------
2290    Outstanding, end of year........         377         268         191
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         331         214         168
    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......          79          55          44
2331    Disbursements for guaranteed 
          loan claims...................           4           3           2
2351    Repayments of loans receivable..         -20         -13         -11
2361    Write-offs of loans receivable..          -2          -1          -1
2364    Other adjustments, net..........          -6
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          55          44          34
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, as amended, 
this account records all cash flows to and from the Government resulting 
from SBA 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 made in any year) is recorded in corresponding program 
and financing accounts.

                             Balance Sheet (in millions of dollars)

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

2004 actual

2005 actual

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

Federal assets: Fund balances with Treasury

108

88

1206

Non-Federal assets: Receivables, net

8

2

1601

Direct loans, gross

133

104





1604

Direct loans and interest receivable, net

133

104





1699

Value of assets related to direct loans

133

104

1901

Other Federal assets: Other assets

35

35





1999

Total assets

284

229

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

8

6

2103

Debt

58

41

2105

Other Liabilities

183

156

      Non-Federal liabilities:

2201

Accounts payable

8

4

2207

Other Liabilities

27

22





2999

Total liabilities

284

229





4999

Total liabilities and net position

284

229

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
42.0  Insurance claims and indemnities..          16          10           7
43.0  Interest and dividends............           6           4           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........          22          14          10
---------------------------------------------------------------------------

                                

                     Disaster Loans Program Account

                     (including transfers of funds)

     [From unobligated balances under this heading, in fiscal year 2006, 
not to exceed $9,000,000 may be transferred to and merged with 
appropriations for Salaries and Expenses for indirect administrative 
expenses, of which $1,500,000 is for the Office of Inspector General of 
the Small Business Administration for audits and reviews of disaster 
loans and the disaster loan program and shall be transferred to and 
merged with appropriations for the Office of Inspector General.] For the 
cost of direct loans authorized by section 7(b) of the Small Business 
Act, $85,140,000, to remain available until expended: Provided, That 
such costs, including the cost of modifying such loans, shall be as 
defined in section 502 of the Congressional Budget Act of 1974. In 
addition, for administrative expenses to carry out the direct loan 
program authorized by section 7(b), of the Small Business Act, 
$113,850,000, of which $495,000 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 
$104,445,000 is for direct administrative expenses of loan making and 
servicing to carry out the direct loan program, to remain available 
until expended, and which may be transferred and merged with 
appropriations for Salaries and Expenses; and of which $8,910,000 is for 
indirect administrative expenses, which may be transferred and merged 
with appropriations for Salaries and Expenses.

                              (rescission)

    Of the unobligated balances available under this heading, $3,700,000 
are rescinded.  (Science, State, Justice, Commerce, and Related Agencies 
Appropriations Act, 2006.)

                     [(including transfer of funds)]

     [For an additional amount for the ``Disaster Loans Program 
Account'' authorized by section 7(b) of the Small Business Act, for 
necessary expenses related to hurricanes in the Gulf of Mexico in 
calendar year 2005 and other natural disasters, $264,500,000, 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), $176,500,000, to remain 
available until expended, which may be transferred to and merged with 
``Salaries and Expenses'': Provided, That the amounts provided under 
this heading are designated as an emergency requirement pursuant to 
section 402 of H. Con. Res. 95 (109th Congress), the concurrent 
resolution on the budget for fiscal year 2006: Provided further,That no 
funds shall be transferred to the appropriation for ``Salaries and 
Expenses'' for indirect administrative expenses.] (Emergency 
Supplemental Appropriations Act to Address Hurricanes in the Gulf of 
Mexico and Pandemic Influenza, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............         163         671         118
00.05 Upward reestimate of direct loans.         223          70
00.06 Interest on upward reestimates of 
        direct loans....................         114          10
00.09 Administrative expense............         540         187         114
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,040         938         232
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          29         386           4

[[Page 1098]]

22.00 New budget authority (gross)......       1,377         521         195
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          20          35          33
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,426         942         232
23.95 Total new obligations.............      -1,040        -938        -232
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         386           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         113                     199
40.00   Appropriation (supplemental)....         929         441
40.35   Appropriation permanently 
          reduced.......................          -2
40.36   Unobligated balance permanently 
          reduced.......................                                  -4
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       1,040         441         195
      Mandatory:

60.00   Appropriation...................         337          80
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       1,377         521         195
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          43          59          33
73.10 Total new obligations.............       1,040         938         232
73.20 Total outlays (gross).............      -1,003        -929        -153
73.45 Recoveries of prior year 
        obligations.....................         -20         -35         -33
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          59          33          79
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         640         441         153
86.93 Outlays from discretionary 
        balances........................          26         408
86.97 Outlays from new mandatory 
        authority.......................         337          80
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,003         929         153
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,377         521         195
90.00 Outlays...........................       1,003         929         153
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Disaster Loan.....................       1,271       4,587         900
                                           ---------   ---------  ----------
115901Total direct loan levels..........       1,271       4,587         900
    Direct loan subsidy (in percent):
132001Disaster Loan.....................       12.86       14.64       13.18
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....       12.86       14.64       13.18
    Direct loan subsidy budget authority:
133001Disaster Loan.....................         163         671         118
                                           ---------   ---------  ----------
133901Total subsidy budget authority....         163         671         118
    Direct loan subsidy outlays:
134001Disaster Loan.....................         127         671          69
                                           ---------   ---------  ----------
134901Total subsidy outlays.............         127         671          69
    Direct loan upward reestimate subsidy budget 
                authority:
135001Disaster Loan.....................         337          80
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................         337          80
    Direct loan downward reestimate subsidy budget 
                authority:
137001Disaster Loan.....................         -70         -14
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................         -70         -14
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................         540         187         114
359001Outlays from new authority........         463         170          81
---------------------------------------------------------------------------

    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 provide Federal assistance for non-farm, private sector disaster 
losses. Through this program, SBA helps homeowners, renters, businesses 
of all sizes, and non-profit organizations pay for the cost of 
rebuilding and repairing structures damaged by natural disasters. The 
program is the only form of SBA assistance not limited to small 
businesses. The program provides subsidized loans of up to 30 years to 
borrowers who have incurred uninsured physical losses or economic injury 
as the result of a natural disaster.

    The 2007 Budget proposes to continue providing preferential loan 
terms to victims of disasters. However, to more appropriately tailor 
Federal assisatance to borrower needs and contain the escalating costs 
of the loans, the Budget proposes to adopt graduated interest rates for 
the Disaster Loan program. During the first five years after a disaster, 
interest rates would remain well below the Treasury's interest rate for 
most borrowers. Thereafter, rates would graduate to a comparable-
maturity Treasury instrument. This structure would continue to provide 
borrowers with deep interest subsidies when they need them most--
immediately after a disaster--and after five years, subsidies would 
continue at a reduced level.

    In 2007, the Budget supports $900 million in loans. The subsidy rate 
is 13.18 percent.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
25.2  Other services....................         540         187         114
41.0  Grants, subsidies, and 
        contributions...................         500         751         118
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,040         938         232
---------------------------------------------------------------------------

                                

                 Disaster Direct Loan Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................       1,271       4,587         900
00.02 Interest on Treasury borrowing....         406         600         300
00.03 Other.............................          26
                                           ---------   ---------  ----------
00.91   Direct obligations--Subtotal....       1,703       5,187       1,200
08.02 Payment of downward reestimate to 
        a receipt account...............          27           9
08.04 Payment of interest on downward 
        reestimate to a receipt account.          43           5
                                           ---------   ---------  ----------
08.91   Direct obligations--Subtotal....          70          14
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,773       5,201       1,200
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       2,844       3,192
22.00 New financing authority (gross)...       4,940       5,720       1,491
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         171
22.60 Portion applied to repay debt.....      -2,990      -3,711        -291
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       4,965       5,201       1,200
23.95 Total new obligations.............      -1,773      -5,201      -1,200
                                           ---------   ---------  ----------

[[Page 1099]]


24.40   Unobligated balance carried 
          forward, end of year..........       3,192
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............       3,713       3,915         782
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).       1,211       1,805         709
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          16
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......       1,227       1,805         709
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       4,940       5,720       1,491
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         293         404         605
73.10 Total new obligations.............       1,773       5,201       1,200
73.20 Total financing disbursements 
        (gross).........................      -1,475      -5,000        -993
73.45 Recoveries of prior year 
        obligations.....................        -171
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................         -16
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         404         605         812
87.00 Total financing disbursements 
        (gross).........................       1,475       5,000         993
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Payments from program account.        -127        -671         -69
88.00     Upward reestimate.............        -223         -70
88.00     Interest on upward reestimate.        -114         -10
88.25     Interest income from Treasury.        -269        -500        -275
88.40     Repayments of principal, net..        -478        -554        -350
88.40     Collection of misc. 
            receivables.................                                 -15
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................      -1,211      -1,805        -709
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............         -16
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............       3,713       3,915         782
90.00 Financing disbursements...........         265       3,195         284
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........
1131  Direct loan obligations exempt 
        from limitation.................       1,271       4,587         900
                                           ---------   ---------  ----------
1150    Total direct loan obligations...       1,271       4,587         900
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       3,034       3,618       6,534
1231  Disbursements: Direct loan 
        disbursements...................         995       3,532         693
1251  Repayments: Repayments and 
        prepayments.....................        -372        -554        -350
      Write-offs for default:

1263    Direct loans....................         -51         -62         -60
1264    Other adjustments, net..........          12
                                           ---------   ---------  ----------
1290    Outstanding, end of year........       3,618       6,534       6,817
---------------------------------------------------------------------------

    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

2004 actual

2005 actual

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

1101

Fund balances with Treasury

3,137

3,595

        Investments in US securities:
1106

Interest/Accounts Receivables

375

79

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

1401

Direct loans receivable, gross

3,034

3,618

1405

Allowance for subsidy cost (-)

-613

-689





1499

Net present value of assets related to direct loans

2,421

2,929





1999

Total assets

5,933

6,603

    LIABILITIES:
      Federal liabilities:

2103

Debt

5,863

6,585

2105

Other

68

18

2201

Non-Federal liabilities: Accounts payable

2







2999

Total liabilities

5,933

6,603





4999

Total liabilities and net position

5,933

6,603

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

                                

                 Disaster Loan Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
01.01 Interest expense to Treasury......           2           3           1
01.03 Other expenses....................                       2           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........           2           5           3
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          61          62
22.00 New budget authority from 
        offsetting collections (gross)..          64          21          12
22.40 Capital transfer to general fund..         -61         -78          -9
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          64           5           3
23.95 Total new obligations.............          -2          -5          -3
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          62
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          50          10           5
69.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............          14          11           7
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          64          21          12
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           3           2           4
73.10 Total new obligations.............           2           5           3
73.20 Total outlays (gross).............          -3          -3          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2           4           5
----------------------------------------------------------------------------

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

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.40     Loan repayments...............          -8          -9          -5
88.40     Other collection..............          -6          -2          -2
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................         -14         -11          -7
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          50          10           5
90.00 Outlays...........................         -11          -8          -5
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          35          28          21
1251  Repayments: Repayments and 
        prepayments.....................          -8          -6          -5
      Write-offs for default:

1263    Direct loans....................                      -1
1264    Other adjustments, net..........           1                       1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          28          21          17
---------------------------------------------------------------------------



[[Page 1100]]



    As required by the Federal Credit Reform Act of 1990, as amended, 
this account records all cash flows to and from the Government resulting 
from SBA disaster 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 made 
in any year) is recorded in corresponding program and financing 
accounts.

                             Balance Sheet (in millions of dollars)

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

2004 actual

2005 actual

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

Federal assets: Fund balances with Treasury

64

64

1601

Direct loans, net

35

28





1699

Value of assets related to direct loans

35

28

1901

Other Federal assets: Other assets

3







1999

Total assets

102

92

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

3

2

2105

Other

99

90





2999

Total liabilities

102

92





4999

Total liabilities and net position

102

92

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
25.2  Other services....................                       2           2
43.0  Interest and dividends............           2           3           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........           2           5           3
---------------------------------------------------------------------------

                                

          Pollution Control Equipment Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2005 actual   2006 est.   2007 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          -3
----------------------------------------------------------------------------

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

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

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........           6           4           1
2251  Repayments and prepayments........          -2          -2          -1
      Adjustments:

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

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..           4           1
    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......          49          20          23
2331    Disbursements for guaranteed 
          loan claims...................                       3           3
2361    Write-offs of loans receivable..         -29
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          20          23          26
---------------------------------------------------------------------------

    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

2004 actual

2005 actual

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

Federal assets: Fund balances with Treasury

3

3

1603

Allowance for estimated uncollectible loans and interest (-)



-15

1701

Defaulted guaranteed loans, gross

16

20





1999

Total assets

19

8

    LIABILITIES:
2104

Federal liabilities: Resources payable to Treasury

19

8





2999

Total liabilities

19

8





4999

Total liabilities and net position

19

8

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

                                

  

         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. (Science, 
State, Justice, Commerce, and Related Agencies Appropriations Act, 
2006.)

                                

  

                     General Fund Receipt Accounts 

                          (in millions of dollars)

----------------------------------------------------------------------------
                                         2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  73-272130  Disaster loan program, 
    Downward reestimates of subsidies...          70          14
  73-272230  Business loan program, 
    Downward reestimates of subsidies...         470         992
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................         540       1,006
---------------------------------------------------------------------------
