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

             <h1>SMALL BUSINESS ADMINISTRATION</h1>

          SMALL BUSINESS ADMINISTRATION
          Federal Funds
             Salaries and Expenses
             Salaries and expensesFor necessary expenses, not otherwise provided for, of the Small Business Administration, including hire of passenger motor
                vehicles as authorized by sections 1343 and 1344 of title 31, United States Code, and not to exceed $3,500 for official reception
                and representation expenses, $272,157,000, of which not less than $12,000,000 shall be available for examinations, reviews, and other lender oversight
                   activities: Provided, That the Administrator is authorized to charge fees to cover the cost of publications developed by the Small Business Administration,
                and certain loan 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 remain
                available until expended, for carrying out these purposes without further appropriations: Provided further, That the Small Business Administration may accept gifts in an amount not to exceed $4,000,000 and may co-sponsor activities,
                each in accordance with section 132(a) of division K of Public Law 108–447, during fiscal year 2020: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
                2021.
          Note.—A full-year 2019 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Act, 2019 (Division C of P.L. 115–245, as amended).
             The amounts included for 2019 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 073–0100–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0001
                      Executive direction
                      72
                      66
                      71

                      0002
                      Capital Access
                      79
                      81
                      82

                      0003
                      Gov. Contracting/Bus. Development
                      29
                      28
                      29

                      0004
                      Entrepreneurial Development
                      8
                      12
                      13

                      0005
                      Chief Operating Office
                      28
                      26
                      27

                      0006
                      Office of Chief Information Officer
                      51
                      37
                      37

                      0007
                      Regional & district offices
                      96
                      99
                      100

                      0008
                      Agency wide costs
                      54
                      67
                      68

                      0009
                      Non credit programs
                      3
                      3
                      3

                      0012
                      Disaster
                      551

                      177

                      0013
                      Investment & Innovation
                      22
                      16
                      17

                      0014
                      International Trade
                      6
                      6
                      7

                      0900
                      Total new obligations, unexpired accounts
                      999
                      441
                      631

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      389
                      458
                      458

                      1021
                      Recoveries of prior year unpaid obligations
                      10

                      1033
                      Recoveries of prior year paid obligations
                      1

                      1050
                      Unobligated balance (total)
                      400
                      458
                      458

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      269
                      269
                      272

                      1120
                      Appropriations transferred to other acct [073–1159]

                      –2

                      1160
                      Appropriation, discretionary (total)
                      269
                      269
                      270

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      618

                      177

                      1700
                      Collected
                      172
                      172
                      175

                      1750
                      Spending auth from offsetting collections, disc (total)
                      790
                      172
                      352

                      1900
                      Budget authority (total)
                      1,059
                      441
                      622

                      1930
                      Total budgetary resources available
                      1,459
                      899
                      1,080

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      458
                      458
                      449

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      168
                      192
                      55

                      3010
                      New obligations, unexpired accounts
                      999
                      441
                      631

                      3011
                      Obligations ("upward adjustments"), expired accounts
                      5

                      3020
                      Outlays (gross)
                      –962
                      –578
                      –607

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –10

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –8

                      3050
                      Unpaid obligations, end of year
                      192
                      55
                      79

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      168
                      192
                      55

                      3200
                      Obligated balance, end of year
                      192
                      55
                      79

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,059
                      441
                      622

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      847
                      290
                      426

                      4011
                      Outlays from discretionary balances
                      115
                      288
                      181

                      4020
                      Outlays, gross (total)
                      962
                      578
                      607

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –772
                      –154
                      –333

                      4033
                      Non-Federal sources
                      –20
                      –19
                      –19

                      4040
                      Offsets against gross budget authority  and outlays (total)
                      –792
                      –173
                      –352

                      Additional offsets against gross budget authority only:

                      4052
                      Offsetting collections credited to expired accounts
                      1
                      1

                      4053
                      Recoveries of prior year paid obligations, unexpired accounts
                      1

                      4060
                      Additional offsets against budget authority only (total)
                      2
                      1

                      4070
                      Budget authority, net (discretionary)
                      269
                      269
                      270

                      4080
                      Outlays, net (discretionary)
                      170
                      405
                      255

                      4180
                      Budget authority, net (total)
                      269
                      269
                      270

                      4190
                      Outlays, net (total)
                      170
                      405
                      255

             This account funds the administrative expenses of SBA headquarters and field office operations. Appropriations for the administration
                of the disaster and business loan programs are transferred to and merged with this account. The 2020 Budget provides $6.1
                million in funding for the continued modernization of the loan management accounting systems, which will improve oversight
                of SBA's more than $131 billion portfolio of loans and loan guarantees. Funding is also requested for core agency activities,
                including information technology investments and human capital development and enterprise-wide technology modernization initiatives
                including hardware, software and application standardization, mobile shared services implementation, security vulnerability
                reduction, and infrastructure upgrades. In 2020, the Budget includes $6 million to upgrade SBA's existing headquarters space
                pursuant to the approved prospectus for the GSA replacement of the current lease. It also supports $2.5 million for further
                systems development needed to implement the Women-Owned Small Business Certification Program, and $2.5 million to conduct
                a comprehensive evaluation of the Small Business Investment Company (SBIC) program and develop a plan to ensure that SBICs
                provide innovative and modern financial services to American small businesses.

          Object Classification (in millions of dollars)

                      Identification code 073–0100–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      193
                      207
                      212

                      11.3
                      Other than full-time permanent
                      5
                      6
                      6

                      11.5
                      Other personnel compensation
                      5
                      4
                      4

                      11.8
                      Special personal services payments

                      2
                      2

                      11.9
                      Total personnel compensation
                      203
                      219
                      224

                      12.1
                      Civilian personnel benefits
                      69
                      70
                      71

                      21.0
                      Travel and transportation of persons
                      5
                      5
                      5

                      23.1
                      Rental payments to GSA
                      36
                      42
                      44

                      23.3
                      Communications, utilities, and miscellaneous charges
                      9
                      7
                      7

                      24.0
                      Printing and reproduction

                      1
                      1

                      25.1
                      Advisory and assistance services

                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      113
                      49
                      49

                      25.3
                      Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
                      551
                      23
                      205

                      25.4
                      Operation and maintenance of facilities

                      3
                      3

                      25.7
                      Operation and maintenance of equipment

                      13
                      13

                      26.0
                      Supplies and materials
                      2
                      3
                      3

                      31.0
                      Equipment
                      6
                      2
                      2

                      41.0
                      Grants, subsidies, and contributions
                      5
                      3
                      3

                      99.9
                      Total new obligations, unexpired accounts
                      999
                      441
                      631

          Employment Summary

                      Identification code 073–0100–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      1001
                      Direct civilian full-time equivalent employment
                      5,470
                      3,115
                      3,079

             Office of Inspector GeneralFor necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978,
                $21,900,000.
          Note.—A full-year 2019 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Act, 2019 (Division C of P.L. 115–245, as amended).
             The amounts included for 2019 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 073–0200–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0001
                      Audit
                      8
                      9
                      10

                      0002
                      Investigations
                      12
                      11
                      12

                      0003
                      Management and Operations
                      1
                      2
                      2

                      0004
                      Immediate office and Counsel
                      1
                      1
                      1

                      0900
                      Total new obligations, unexpired accounts
                      22
                      23
                      25

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      9
                      6

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      27
                      20
                      22

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      2

                      1900
                      Budget authority (total)
                      27
                      20
                      24

                      1930
                      Total budgetary resources available
                      31
                      29
                      30

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      9
                      6
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3
                      3
                      4

                      3010
                      New obligations, unexpired accounts
                      22
                      23
                      25

                      3020
                      Outlays (gross)
                      –22
                      –22
                      –25

                      3050
                      Unpaid obligations, end of year
                      3
                      4
                      4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3
                      3
                      4

                      3200
                      Obligated balance, end of year
                      3
                      4
                      4

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      27
                      20
                      24

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      19
                      18
                      22

                      4011
                      Outlays from discretionary balances
                      3
                      4
                      3

                      4020
                      Outlays, gross (total)
                      22
                      22
                      25

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources

                      –2

                      4180
                      Budget authority, net (total)
                      27
                      20
                      22

                      4190
                      Outlays, net (total)
                      22
                      22
                      23

             The 2020 Budget proposes $21.9 million in new budget authority and $1.6 million transferred from the Disaster Loans Program
                account for a total of $23.5 million for the Office of Inspector General. This appropriation provides funds for agency-wide
                audit, investigative, and related functions to promote economy and efficiency in SBA operations and to prevent and detect
                waste, fraud, and abuse.

          Object Classification (in millions of dollars)

                      Identification code 073–0200–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      12
                      13
                      13

                      12.1
                      Civilian personnel benefits
                      5
                      5
                      6

                      25.2
                      Other services
                      4
                      4
                      4

                      99.0
                      Direct obligations
                      21
                      22
                      23

                      99.0
                      Reimbursable obligations
                      1
                      1
                      2

                      99.9
                      Total new obligations, unexpired accounts
                      22
                      23
                      25

          Employment Summary

                      Identification code 073–0200–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      1001
                      Direct civilian full-time equivalent employment
                      107
                      114
                      118

             Office of AdvocacyFor necessary expenses of the Office of Advocacy in carrying out the provisions of title II of Public Law 94–305 (15 U.S.C.
                634a et seq.) and the Regulatory Flexibility Act of 1980 (5 U.S.C. 601 et seq.), $9,120,000, to remain available until expended.
          Note.—A full-year 2019 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Act, 2019 (Division C of P.L. 115–245, as amended).
             The amounts included for 2019 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 073–0300–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0001
                      Office of Advocacy (Direct)
                      9
                      9
                      9

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2
                      2
                      2

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      9
                      9
                      9

                      1930
                      Total budgetary resources available
                      11
                      11
                      11

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      2
                      2
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1

                      1

                      3010
                      New obligations, unexpired accounts
                      9
                      9
                      9

                      3020
                      Outlays (gross)
                      –10
                      –8
                      –8

                      3050
                      Unpaid obligations, end of year

                      1
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1

                      1

                      3200
                      Obligated balance, end of year

                      1
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      9
                      9
                      9

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      9
                      8
                      8

                      4011
                      Outlays from discretionary balances
                      1

                      4020
                      Outlays, gross (total)
                      10
                      8
                      8

                      4180
                      Budget authority, net (total)
                      9
                      9
                      9

                      4190
                      Outlays, net (total)
                      10
                      8
                      8

             The 2020 Budget proposes $9.1 million in new budget authority for the Office of Advocacy to carry out its statutory duties,
                including those under the Regulatory Flexibility Act. Pursuant to the funding authorization in Section 1602(c) of the Small
                Business Jobs Act, SBA is requesting that the funds remain available until expended. The Office of Advocacy's advice and small
                business research help the Federal Government take into account the concerns of small businesses when it develops policies
                and regulations. The Office's regional advocates support regulatory flexibility at the State level, work with the regional
                Regulatory Fairness Boards established by the Small Business Regulatory Enforcement Fairness Act, and promote the use of Advocacy
                research and data products in the curricula of universities and other schools in their respective regions.

          Object Classification (in millions of dollars)

                      Identification code 073–0300–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      6
                      6
                      6

                      12.1
                      Civilian personnel benefits
                      2
                      2
                      2

                      25.2
                      Other services from non-Federal sources
                      1
                      1
                      1

                      99.9
                      Total new obligations, unexpired accounts
                      9
                      9
                      9

          Employment Summary

                      Identification code 073–0300–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      1001
                      Direct civilian full-time equivalent employment
                      47
                      52
                      52

             Entrepreneurial Development ProgramFor necessary expenses of programs supporting entrepreneurial and small business development, $180,650,000, to remain available until September 30, 2021: Provided, That $101,000,000 shall be available to fund grants for performance in fiscal year 2020 or fiscal year 2021 as authorized by section 21 of the Small Business Act: Provided further, That not more than 10 percent of the amounts made available in the preceding proviso shall be available for the Administration
                to award grants (including contracts and cooperative agreements) to entities described in 15 U.S.C. 648(a)(1) if such entities
                submit proposals that meet criteria established by the Administration: Provided further, That the grants (including contracts and cooperative agreements) described in the preceding proviso shall be exempt from
                the requirements of 15 U.S.C. 648(a)(4): Provided further, That $25,000,000 shall be for marketing, management, and technical assistance under section 7(m) of the Small Business Act
                (15 U.S.C. 636(m)(4)) by intermediaries that make microloans under the microloan program: Provided further, That $8,000,000 shall be available for grants to States to carry out export programs authorized under section 22(l) of the Small Business
                Act (15 U.S.C. 649(l)) to assist small business concerns.
          Note.—A full-year 2019 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Act, 2019 (Division C of P.L. 115–245, as amended).
             The amounts included for 2019 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 073–0400–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0001
                      Non-Credit Programs
                      248
                      247
                      181

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      29
                      30
                      30

                      1021
                      Recoveries of prior year unpaid obligations
                      4

                      1050
                      Unobligated balance (total)
                      33
                      30
                      30

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      247
                      247
                      181

                      1900
                      Budget authority (total)
                      247
                      247
                      181

                      1930
                      Total budgetary resources available
                      280
                      277
                      211

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      30
                      30
                      30

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      207
                      224
                      266

                      3010
                      New obligations, unexpired accounts
                      248
                      247
                      181

                      3011
                      Obligations ("upward adjustments"), expired accounts
                      4

                      3020
                      Outlays (gross)
                      –222
                      –205
                      –204

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –9

                      3050
                      Unpaid obligations, end of year
                      224
                      266
                      243

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      207
                      224
                      266

                      3200
                      Obligated balance, end of year
                      224
                      266
                      243

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      247
                      247
                      181

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      54
                      86
                      63

                      4011
                      Outlays from discretionary balances
                      168
                      119
                      141

                      4020
                      Outlays, gross (total)
                      222
                      205
                      204

                      4180
                      Budget authority, net (total)
                      247
                      247
                      181

                      4190
                      Outlays, net (total)
                      222
                      205
                      204

             This account supports SBA's core counseling, training and technical assistance programs, including Small Business Development
                Centers (SBDC), SCORE, Women's Business Centers, Veterans' Business Outreach Centers (VBOC), and Microloan technical assistance,
                as well as various entrepreneurial development programs and initiatives. These include Entrepreneurial Education, a program
                designed to train and develop small business owners who are poised for growth; the State Trade Expansion Program (STEP), which
                helps small businesses tap global markets and expand exports; and Veterans Outreach programs like the Boots to Business program,
                which provides entrepreneurship training to America's veterans transitioning to civilian life. The Budget also supports other
                initiatives, such as the HubZone Program and other outreach and contracting activities. In 2020, the Budget proposes the creation
                of a competitive set-aside within the SBDC program that would reward those centers that most efficiently utilize their resources
                and provide innovative methods to help entrepreneurs.

          Object Classification (in millions of dollars)

                      Identification code 073–0400–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      2
                      3
                      3

                      12.1
                      Civilian personnel benefits
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      19
                      18
                      14

                      41.0
                      Grants, subsidies, and contributions
                      226
                      225
                      163

                      99.9
                      Total new obligations, unexpired accounts
                      248
                      247
                      181

          Employment Summary

                      Identification code 073–0400–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      1001
                      Direct civilian full-time equivalent employment
                      19
                      25
                      25

             Information Technology System Modernization and Working Capital Fund

          Program and Financing (in millions of dollars)

                      Identification code 073–1159–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0001
                      Direct program activity

                      2

                      0100
                      Direct program activities, subtotal

                      2

                      0900
                      Total new obligations, unexpired accounts (object class 31.0)

                      2

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1121
                      Appropriations transferred from other acct [073–0100]

                      2

                      1930
                      Total budgetary resources available

                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts

                      2

                      3020
                      Outlays (gross)

                      –1

                      3050
                      Unpaid obligations, end of year

                      1

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      2

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1

                      4180
                      Budget authority, net (total)

                      2

                      4190
                      Outlays, net (total)

                      1

              As authorized by Section 1077(b)(1) of title X of division A of the National Defense Authorization Act for Fiscal Year 2018,
                this account provides financial resources for long-term system modernization projects. In 2020, it will create greater efficiencies
                for SBA's management of long-term systems projects such as a Customer Relationship Management platform, development of cloud
                shared services, and an Identify, Credential, and Access Management (ICAM) solution.

             Surety Bond Guarantees Revolving FundProgram and Financing (in millions of dollars)

                      Identification code 073–4156–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0801
                      Reimbursable obligations
                      18
                      18
                      18

                      0900
                      Total new obligations, unexpired accounts (object class 42.0)
                      18
                      18
                      18

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      92
                      97
                      97

                      1033
                      Recoveries of prior year paid obligations
                      2

                      1050
                      Unobligated balance (total)
                      94
                      97
                      97

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      21
                      18
                      18

                      1930
                      Total budgetary resources available
                      115
                      115
                      115

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      97
                      97
                      97

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      New obligations, unexpired accounts
                      18
                      18
                      18

                      3020
                      Outlays (gross)
                      –18
                      –18
                      –18

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      21
                      18
                      18

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      18
                      18

                      4011
                      Outlays from discretionary balances
                      18

                      4020
                      Outlays, gross (total)
                      18
                      18
                      18

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –23
                      –18
                      –18

                      Additional offsets against gross budget authority only:

                      4053
                      Recoveries of prior year paid obligations, unexpired accounts
                      2

                      4080
                      Outlays, net (discretionary)
                      –5

                      4180
                      Budget authority, net (total)

                      4190
                      Outlays, net (total)
                      –5

             SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts or work orders,
                and to reimburse these sureties up to 90 percent of the losses sustained if the contractor defaults. SBA's guarantees provide
                an incentive for sureties to issue bonds to small contractors who could not otherwise secure them and compete in the contracting
                industry. It is estimated that there are sufficient funds in reserve to cover the cost of claim defaults in 2020. Therefore,
                no new appropriated funds are requested in the Budget.

             Business loans program account
             (including transfer of funds)For the cost of direct loans, $4,000,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget
                Act of 1974: Provided further, That subject to section 502 of the Congressional Budget Act of 1974, during fiscal year 2020 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed $7,500,000,000:
                Provided further, That during fiscal year 2020 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed $30,000,000,000
                for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans:  Provided further, That during fiscal year  2020 commitments for loans authorized under subparagraph (C) of section 502(7) of The Small Business Investment Act of 1958 (15
                U.S.C. 696(7)) shall not exceed $1,000,000,000: Provided further, That during fiscal year 2020 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958 shall not
                exceed $4,000,000,000: Provided further, That during fiscal year 2020, 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, $155,150,000 which may be transferred
                to and merged with the appropriations for Salaries and Expenses.
          Note.—A full-year 2019 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Act, 2019 (Division C of P.L. 115–245, as amended).
             The amounts included for 2019 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 073–1154–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0701
                      Direct loan subsidy
                      3
                      3
                      4

                      0705
                      Reestimates of direct loan subsidy
                      2
                      1

                      0706
                      Interest on reestimates of direct loan subsidy

                      1

                      0707
                      Reestimates of loan guarantee subsidy
                      112
                      60

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      14
                      23

                      0709
                      Administrative expenses
                      153
                      153
                      155

                      0900
                      Total new obligations, unexpired accounts
                      284
                      241
                      159

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      67
                      78
                      83

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      67
                      78

                      1021
                      Recoveries of prior year unpaid obligations
                      11
                      5
                      3

                      1050
                      Unobligated balance (total)
                      78
                      83
                      86

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      156
                      156
                      159

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      128
                      85

                      1900
                      Budget authority (total)
                      284
                      241
                      159

                      1930
                      Total budgetary resources available
                      362
                      324
                      245

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      78
                      83
                      86

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      22
                      8
                      4

                      3010
                      New obligations, unexpired accounts
                      284
                      241
                      159

                      3020
                      Outlays (gross)
                      –287
                      –240
                      –160

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –11
                      –5
                      –3

                      3050
                      Unpaid obligations, end of year
                      8
                      4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      22
                      8
                      4

                      3200
                      Obligated balance, end of year
                      8
                      4

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      156
                      156
                      159

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      154
                      153
                      156

                      4011
                      Outlays from discretionary balances
                      5
                      2
                      4

                      4020
                      Outlays, gross (total)
                      159
                      155
                      160

                      Mandatory:

                      4090
                      Budget authority, gross
                      128
                      85

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      128
                      85

                      4180
                      Budget authority, net (total)
                      284
                      241
                      159

                      4190
                      Outlays, net (total)
                      287
                      240
                      160

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

                      Identification code 073–1154–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      7(m) Direct Microloans
                      36
                      36
                      40

                      115999
                      Total direct loan levels
                      36
                      36
                      40

                      Direct loan subsidy (in percent):

                      132001
                      7(m) Direct Microloans
                      8.91
                      8.77
                      9.29

                      132999
                      Weighted average subsidy rate
                      8.91
                      8.77
                      9.29

                      Direct loan subsidy budget authority:

                      133001
                      7(m) Direct Microloans
                      3
                      3
                      4

                      133999
                      Total subsidy budget authority
                      3
                      3
                      4

                      Direct loan subsidy outlays:

                      134001
                      7(m) Direct Microloans
                      3
                      3
                      3

                      134999
                      Total subsidy outlays
                      3
                      3
                      3

                      Direct loan reestimates:

                      135001
                      7(m) Direct Microloans
                      1

                      135010
                      7(m) Direct Microloans — ARRA

                      –1

                      135999
                      Total direct loan reestimates
                      1
                      –1

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215002
                      7(a) General Business Loan Guarantees
                      23,866
                      29,000
                      30,000

                      215004
                      Section 504 Certified Development Companies Debentures
                      4,593
                      7,500
                      7,500

                      215006
                      SBIC Debentures
                      2,522
                      4,000
                      4,000

                      215010
                      Secondary Market Guarantee
                      7,999
                      12,000
                      12,000

                      215027
                      504 Commercial Real Estate (CRE) Refinance Program
                      150
                      7,500
                      1,000

                      215999
                      Total loan guarantee levels
                      39,130
                      60,000
                      54,500

                      Guaranteed loan subsidy (in percent):

                      232002
                      7(a) General Business Loan Guarantees
                      0.00
                      0.00
                      -.31

                      232004
                      Section 504 Certified Development Companies Debentures
                      0.00
                      0.00
                      -.43

                      232006
                      SBIC Debentures
                      0.00
                      0.00
                      -.52

                      232010
                      Secondary Market Guarantee
                      0.00
                      0.00
                      -.04

                      232027
                      504 Commercial Real Estate (CRE) Refinance Program
                      0.00
                      0.00
                      -.43

                      232999
                      Weighted average subsidy rate
                      0.00
                      0.00
                      -.28

                      Guaranteed loan subsidy budget authority:

                      233002
                      7(a) General Business Loan Guarantees

                      –93

                      233004
                      Section 504 Certified Development Companies Debentures

                      –32

                      233006
                      SBIC Debentures

                      –21

                      233010
                      Secondary Market Guarantee

                      –5

                      233027
                      504 Commercial Real Estate (CRE) Refinance Program

                      –4

                      233999
                      Total subsidy budget authority

                      –155

                      Guaranteed loan subsidy outlays:

                      234002
                      7(a) General Business Loan Guarantees

                      –93

                      234004
                      Section 504 Certified Development Companies Debentures
                      2
                      6
                      –26

                      234006
                      SBIC Debentures

                      –21

                      234010
                      Secondary Market Guarantee

                      –5

                      234027
                      504 Commercial Real Estate (CRE) Refinance Program

                      –4

                      234999
                      Total subsidy outlays
                      2
                      6
                      –149

                      Guaranteed loan reestimates:

                      235002
                      7(a) General Business Loan Guarantees
                      –757
                      –143

                      235003
                      7(a) General Business Loan Guarantees—STAR
                      –3
                      –1

                      235004
                      Section 504 Certified Development Companies Debentures
                      –484
                      –344

                      235006
                      SBIC Debentures
                      –134
                      –109

                      235007
                      SBIC Participating Securities
                      –90
                      –97

                      235008
                      SBIC New Market Venture Capital
                      7
                      –10

                      235010
                      Secondary Market Guarantee
                      20
                      –41

                      235015
                      Secondary Market 504 First Mortgage Guarantees-ARRA
                      3
                      –5

                      235016
                      ARC Loan Guarantees—ARRA
                      –1
                      –1

                      235017
                      7(a) General Business Loan Guarantees—ARRA

                      3

                      235018
                      Section 504 Certified Development Companies—ARRA
                      –12
                      –2

                      235026
                      Section 504 Certified Development Companies Debentures—ARRA Ext
                      –15
                      –7

                      235027
                      504 Commercial Real Estate (CRE) Refinance Program
                      –27
                      –17

                      235028
                      7(a) Business Loan Guarantees—ARRA Extension
                      1
                      7

                      235999
                      Total guaranteed loan reestimates
                      –1,492
                      –767

             As required by the Federal Credit Reform Act of 1990, as amended, this account records 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 the business loan program.
                The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis.

             For 2020, the Budget proposes $159.2 million in new budget authority for the Business Loans Program account. This includes
                $155.2 million in administrative expenses funding and $4.0 million in credit subsidy for the direct Microloan Program to support
                a program level of $40 million. The 2020 Budget requests no subsidy appropriation for SBA's business loan guarantee programs,
                the 7(a), 504 Certified Development Company (CDC), 504 Debt Refinancing, and Small Business Investment Company (SBIC) programs.
                The Budget supports a program level of $30 billion in Section 7(a) loan guarantees that provide general business credit assistance,
                while waiving upfront fees on SBA Express loans to Veterans. The Budget also proposes a program level of $7.5 billion for
                the guaranteed loan program authorized by Section 503 of the Small Business Investment Act of 1958 for long-term, fixed-rate
                financing and a program level of $1.0 billion for purposes of refinancing existing commercial mortgage and equipment debt
                authorized by Section 502(7)(C) of the Small Business Investment Act of 1958. The 2020 Budget continues to support innovative
                financial instruments through the SBA's SBIC program by providing up to $4 billion in long-term guaranteed loans to support
                venture capital investments in small businesses. In addition, the Budget supports a $12 billion program level for the Secondary
                Market Guarantee (SMG) program, which allows SBA's fiscal agent to pool the guaranteed portion of 7(a) loans and sell the
                securities to investors, in turn providing liquidity to participating 7(a) program lenders.

             The Budget proposes that SBA introduce counter-cyclical policies to its business loan guarantee programs in 2020 by enabling
                it to adjust fees to cover its anticipated lending and offset administrative costs. In the absence of this flexibility to
                adjust fees, the 7(a) program will not be able to operate at zero subsidy under current law in 2020. The Budget also proposes
                to increase the loan limit for SBA Express loans and loans to small manufacturers, and to introduce an annual fee on trust
                certificate holders to help cover the costs of improving and maintaining the SMG program.

          Object Classification (in millions of dollars)

                      Identification code 073–1154–0–1–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct obligations:

                      25.3
                      Other goods and services from Federal sources
                      153
                      153
                      155

                      41.0
                      Grants, subsidies, and contributions
                      131
                      88
                      4

                      99.9
                      Total new obligations, unexpired accounts
                      284
                      241
                      159

             Business Direct Loan Financing AccountProgram and Financing (in millions of dollars)

                      Identification code 073–4148–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0710
                      Direct loan obligations
                      36
                      36
                      40

                      0713
                      Payment of interest to Treasury
                      5
                      5
                      5

                      0742
                      Downward reestimates paid to receipt accounts
                      1
                      3

                      0743
                      Interest on downward reestimates

                      1

                      0900
                      Total new obligations, unexpired accounts
                      42
                      45
                      45

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      4
                      5

                      1021
                      Recoveries of prior year unpaid obligations
                      2
                      3
                      3

                      1023
                      Unobligated balances applied to repay debt
                      –5

                      1050
                      Unobligated balance (total)
                      2
                      7
                      8

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      34
                      38
                      38

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      44
                      37
                      38

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –34
                      –32
                      –32

                      1850
                      Spending auth from offsetting collections, mand (total)
                      10
                      5
                      6

                      1900
                      Budget authority (total)
                      44
                      43
                      44

                      1930
                      Total budgetary resources available
                      46
                      50
                      52

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4
                      5
                      7

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      42
                      38
                      46

                      3010
                      New obligations, unexpired accounts
                      42
                      45
                      45

                      3020
                      Outlays (gross)
                      –44
                      –34
                      –34

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2
                      –3
                      –3

                      3050
                      Unpaid obligations, end of year
                      38
                      46
                      54

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –4
                      –4
                      –4

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –4
                      –4
                      –4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      38
                      34
                      42

                      3200
                      Obligated balance, end of year
                      34
                      42
                      50

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      44
                      43
                      44

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      44
                      34
                      34

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources: Subsidy from program account
                      –3
                      –3
                      –4

                      4120
                      Upward reestimate
                      –2
                      –1

                      4120
                      Interest on reestimate

                      –1

                      4122
                      Interest on uninvested funds
                      –2
                      –2
                      –2

                      4123
                      Repayments of principal, net
                      –37
                      –29
                      –29

                      4123
                      Other income

                      –1
                      –3

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –44
                      –37
                      –38

                      4160
                      Budget authority, net (mandatory)

                      6
                      6

                      4170
                      Outlays, net (mandatory)

                      –3
                      –4

                      4180
                      Budget authority, net (total)

                      6
                      6

                      4190
                      Outlays, net (total)

                      –3
                      –4

          Status of Direct Loans (in millions of dollars)

                      Identification code 073–4148–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      36
                      36
                      40

                      1121
                      Limitation available from carry-forward
                      16

                      1143
                      Unobligated limitation carried forward (P.L. xx) (-)
                      –16

                      1150
                      Total direct loan obligations
                      36
                      36
                      40

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      184
                      191
                      192

                      1231
                      Disbursements: Direct loan disbursements
                      38
                      32
                      32

                      1251
                      Repayments: Repayments and prepayments
                      –32
                      –30
                      –32

                      1263
                      Write-offs for default: Direct loans
                      –1
                      –1
                      –1

                      1264
                      Other adjustments, net (+ or -)
                      2

                      1290
                      Outstanding, end of year
                      191
                      192
                      191

          Balance Sheet (in millions of dollars)

                      Identification code 073–4148–0–3–376
                      2017 actual
                      2018 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      43
                      38

                      Investments in U.S. securities:

                      1106
                      Receivables, net
                      1
                      1

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

                      1401
                      Direct loans receivable, gross
                      184
                      191

                      1405
                      Allowance for subsidy cost (-)
                      –13
                      –20

                      1499
                      Net present value of assets related to direct loans
                      171
                      171

                      1999
                      Total assets
                      215
                      210

                      LIABILITIES:

                      Federal liabilities:

                      2103
                      Debt
                      213
                      209

                      2104
                      Resources payable to Treasury (Downward Reestimate)
                      2
                      1

                      2201
                      Non-Federal liabilities: Accounts payable

                      2999
                      Total liabilities
                      215
                      210

                      NET POSITION:

                      3300
                      Cumulative results of operations

                      4999
                      Total liabilities and net position
                      215
                      210

             Business Guaranteed Loan Financing AccountProgram and Financing (in millions of dollars)

                      Identification code 073–4149–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0005
                      Other Expenses
                      33
                      75
                      75

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      1,032
                      1,680
                      1,680

                      0712
                      Default claim payments on interest
                      59
                      100
                      100

                      0713
                      Payment of interest to Treasury
                      67
                      80
                      80

                      0740
                      Negative subsidy obligations

                      155

                      0742
                      Downward reestimates paid to receipt accounts
                      1,397
                      688

                      0743
                      Interest on downward reestimates
                      219
                      161

                      0791
                      Direct program activities, subtotal
                      2,774
                      2,709
                      2,015

                      0900
                      Total new obligations, unexpired accounts
                      2,807
                      2,784
                      2,090

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4,424
                      4,257
                      4,348

                      1023
                      Unobligated balances applied to repay debt
                      –203

                      1050
                      Unobligated balance (total)
                      4,221
                      4,257
                      4,348

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      256
                      306
                      356

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      2,600
                      2,569
                      2,586

                      1801
                      Change in uncollected payments, Federal sources
                      –13

                      1850
                      Spending auth from offsetting collections, mand (total)
                      2,587
                      2,569
                      2,586

                      1900
                      Budget authority (total)
                      2,843
                      2,875
                      2,942

                      1930
                      Total budgetary resources available
                      7,064
                      7,132
                      7,290

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4,257
                      4,348
                      5,200

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      25
                      24
                      919

                      3010
                      New obligations, unexpired accounts
                      2,807
                      2,784
                      2,090

                      3020
                      Outlays (gross)
                      –2,808
                      –1,889
                      –1,889

                      3050
                      Unpaid obligations, end of year
                      24
                      919
                      1,120

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –20
                      –7
                      –7

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      13

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –7
                      –7
                      –7

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5
                      17
                      912

                      3200
                      Obligated balance, end of year
                      17
                      912
                      1,113

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      2,843
                      2,875
                      2,942

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      2,808
                      1,889
                      1,889

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Subsidy from program account
                      –2
                      –6
                      –6

                      4120
                      Upward reestimate
                      –112
                      –60

                      4120
                      Interest on reestimate
                      –14
                      –23

                      4122
                      Interest on uninvested funds
                      –89
                      –90
                      –90

                      4123
                      Fees
                      –1,418
                      –1,420
                      –1,520

                      4123
                      Principal
                      –868
                      –870
                      –870

                      4123
                      Interest
                      –68
                      –70
                      –70

                      4123
                      Sale of Foreclosed Property
                      –3

                      4123
                      Other
                      –26
                      –30
                      –30

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –2,600
                      –2,569
                      –2,586

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      13

                      4160
                      Budget authority, net (mandatory)
                      256
                      306
                      356

                      4170
                      Outlays, net (mandatory)
                      208
                      –680
                      –697

                      4180
                      Budget authority, net (total)
                      256
                      306
                      356

                      4190
                      Outlays, net (total)
                      208
                      –680
                      –697

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 073–4149–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      60,000
                      60,000
                      54,500

                      2121
                      Limitation available from carry-forward

                      2142
                      Uncommitted loan guarantee limitation
                      –20,870

                      2150
                      Total guaranteed loan commitments
                      39,130
                      60,000
                      54,500

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      32,796
                      50,794
                      50,794

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      121,005
                      128,765
                      141,335

                      2231
                      Disbursements of new guaranteed loans
                      29,432
                      35,976
                      40,814

                      2251
                      Repayments and prepayments
                      –20,195
                      –21,490
                      –23,588

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –1,246
                      –1,550
                      –1,792

                      2263
                      Terminations for default that result in claim payments
                      –238
                      –366
                      –416

                      2264
                      Other adjustments, net
                      7

                      2290
                      Outstanding, end of year
                      128,765
                      141,335
                      156,353

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      105,574
                      115,881
                      128,219

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      3,710
                      3,228
                      3,615

                      2331
                      Disbursements for guaranteed loan claims
                      992
                      1,570
                      1,786

                      2351
                      Repayments of loans receivable
                      –699
                      –379
                      –495

                      2361
                      Write-offs of loans receivable
                      –788
                      –804
                      –905

                      2364
                      Other adjustments, net
                      13

                      2390
                      Outstanding, end of year
                      3,228
                      3,615
                      4,001

          Balance Sheet (in millions of dollars)

                      Identification code 073–4149–0–3–376
                      2017 actual
                      2018 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      4,429
                      4,274

                      Investments in U.S. securities:

                      1106
                      Receivables, net
                      135
                      145

                      1206
                      Non-Federal assets: Receivables, net
                      99
                      90

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

                      1501
                      Defaulted guaranteed loans receivable, gross
                      3,710
                      3,228

                      1502
                      Interest receivable

                      1504
                      Foreclosed property
                      9
                      14

                      1505
                      Allowance for subsidy cost (-)
                      –2,829
                      –2,423

                      1599
                      Net present value of assets related to defaulted guaranteed loans
                      890
                      819

                      1999
                      Total assets
                      5,553
                      5,328

                      LIABILITIES:

                      Federal liabilities:

                      2103
                      Debt
                      1,897
                      1,950

                      2105
                      Other
                      1,087
                      703

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      13
                      12

                      2204
                      Liabilities for loan guarantees
                      2,556
                      2,663

                      2999
                      Total liabilities
                      5,553
                      5,328

                      NET POSITION:

                      3300
                      Cumulative results of operations

                      4999
                      Total liabilities and net position
                      5,553
                      5,328

             Business Loan Fund Liquidating AccountProgram and Financing (in millions of dollars)

                      Identification code 073–4154–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0006
                      Interest to UST
                      1
                      1
                      1

                      0007
                      Other Expenses

                      1
                      1

                      0600
                      Direct program activities, subtotal
                      1
                      2
                      2

                      0900
                      Total new obligations, unexpired accounts (object class 43.0)
                      1
                      2
                      2

                      Budgetary resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      1
                      2
                      2

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      3
                      3
                      3

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –3
                      –3
                      –3

                      1900
                      Budget authority (total)
                      1
                      2
                      2

                      1930
                      Total budgetary resources available
                      1
                      2
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3
                      1
                      1

                      3010
                      New obligations, unexpired accounts
                      1
                      2
                      2

                      3020
                      Outlays (gross)
                      –3
                      –2
                      –2

                      3050
                      Unpaid obligations, end of year
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1
                      2
                      2

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      2
                      2

                      4101
                      Outlays from mandatory balances
                      3

                      4110
                      Outlays, gross (total)
                      3
                      2
                      2

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –3
                      –3
                      –3

                      4180
                      Budget authority, net (total)
                      –2
                      –1
                      –1

                      4190
                      Outlays, net (total)

                      –1
                      –1

          Status of Direct Loans (in millions of dollars)

                      Identification code 073–4154–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      5
                      4
                      2

                      1251
                      Repayments: Repayments and prepayments

                      –1
                      –1

                      1263
                      Write-offs for default: Direct loans
                      –1
                      –1
                      –1

                      1290
                      Outstanding, end of year
                      4
                      2

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 073–4154–0–3–376
                      2018 actual
                      2019 est.
                      2020 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1
                      1
                      1

                      2251
                      Repayments and prepayments

                      2290
                      Outstanding, end of year
                      1
                      1
                      1

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year

                      1
                      1

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      2
                      1
                      1

                      2331
                      Disbursements for guaranteed loan claims

                      2351
                      Repayments of loans receivable
                      –1

                      2361
                      Write-offs of loans receivable

                      2364
                      Other adjustments, net

                      2390
                      Outstanding, end of year
                      1
                      1
                      1

          Balance Sheet (in millions of dollars)

                      Identification code 073–4154–0–3–376
                      2017 actual
                      2018 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      3
                      1

                      1206
                      Non-Federal assets: Receivables, net
                      2

                      1601
                      Direct loans, gross
                      5
                      4

                      1602
                      Interest receivable

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –3
                      –7

                      1606
                      Foreclosed property

                      4

                      1699
                      Value of assets related to direct loans
                      2
                      1

                      1701
                      Defaulted guaranteed loans, gross
                      2
                      1

                      1703
                      Allowance for estimated uncollectible loans and interest (-)
                      –2

                      1799
                      Value of assets related to loan guarantees

                      1

                      1801
                      Other Federal assets: Cash and other monetary assets

                      2

                      1999
                      Total assets
                      7
                      5

                      LIABILITIES:

                      Federal liabilities:

                      2102
                      Interest payable
                      2
                      1

                      2104
                      Resources payable to Treasury
                      4
                      4

                      2201
                      Non-Federal liabilities: Accounts payable
                      1

                      2999
                      Total liabilities
                      7
                      5

                      NET POSITION:

                      3100
                      Unexpended appropriations

                      3300
                      Cumulative results of operations

                      3999
                      Total net position

                      4999
                      Total liabilities and net position
                      7
                      5

             Disaster loans program account
             (including transfers of funds)For administrative expenses to carry out the direct loan program authorized by section 7(b) of the Small Business Act, $177,136,000, to be available until expended, of which $1,600,000 is for the Office of Inspector General of the Small Business Administration for audits and reviews of disaster loans and
                the disaster loan programs and shall be transferred to and merged with the appropriations for the Office of Inspector General;
                of which $167,136,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program, which may be transferred
                to and merged with the appropriations for Salaries and Expenses; and of which $8,400,000 is for indirect administrative expenses for the direct loan program, which may be transferred to and merged with the appropriations
                for Salaries and Expenses.
          Note.—A full-year 2019 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Act, 2019 (Division C of P.L. 115–245, as amended).
             The amounts included for 2019 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 073–1152–0–1–453
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0701
                      Direct loan subsidy
                      548
                      381
                      150

                      0705
                      Reestimates of direct loan subsidy
                      8
                      122

                      0706
                      Interest on reestimates of direct loan subsidy
                      4
                      7

                      0709
                      Administrative expenses
                      618

                      177

                      0900
                      Total new obligations, unexpired accounts
                      1,178
                      510
                      327

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      687
                      1,226
                      885

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      687
                      1,226

                      1021
                      Recoveries of prior year unpaid obligations
                      55
                      40
                      40

                      1050
                      Unobligated balance (total)
                      742
                      1,266
                      925

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,652

                      26

                      1100
                      Appropriation, disaster relief pursuant Stafford Act

                      151

                      1131
                      Unobligated balance of appropriations permanently reduced
                      –3

                      1160
                      Appropriation, discretionary (total)
                      1,649

                      177

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      13
                      129

                      1900
                      Budget authority (total)
                      1,662
                      129
                      177

                      1930
                      Total budgetary resources available
                      2,404
                      1,395
                      1,102

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1,226
                      885
                      775

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      115
                      150
                      366

                      3010
                      New obligations, unexpired accounts
                      1,178
                      510
                      327

                      3020
                      Outlays (gross)
                      –1,088
                      –254
                      –302

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –55
                      –40
                      –40

                      3050
                      Unpaid obligations, end of year
                      150
                      366
                      351

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      115
                      150
                      366

                      3200
                      Obligated balance, end of year
                      150
                      366
                      351

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,649

                      177

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      618

                      177

                      4011
                      Outlays from discretionary balances
                      457
                      125
                      125

                      4020
                      Outlays, gross (total)
                      1,075
                      125
                      302

                      Mandatory:

                      4090
                      Budget authority, gross
                      13
                      129

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      13
                      129

                      4180
                      Budget authority, net (total)
                      1,662
                      129
                      177

                      4190
                      Outlays, net (total)
                      1,088
                      254
                      302

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

                      Identification code 073–1152–0–1–453
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      Disaster Assistance Loans
                      4,373
                      3,100
                      1,100

                      115999
                      Total direct loan levels
                      4,373
                      3,100
                      1,100

                      Direct loan subsidy (in percent):

                      132001
                      Disaster Assistance Loans
                      12.54
                      12.29
                      13.62

                      132999
                      Weighted average subsidy rate
                      12.54
                      12.29
                      13.62

                      Direct loan subsidy budget authority:

                      133001
                      Disaster Assistance Loans
                      548
                      381
                      150

                      133999
                      Total subsidy budget authority
                      548
                      381
                      150

                      Direct loan subsidy outlays:

                      134001
                      Disaster Assistance Loans
                      457
                      88
                      88

                      134999
                      Total subsidy outlays
                      457
                      88
                      88

                      Direct loan reestimates:

                      135001
                      Disaster Assistance Loans
                      –112
                      38

                      135002
                      Economic Injury Disaster Loans—Terrorist Attack
                      –2
                      –2

                      135999
                      Total direct loan reestimates
                      –114
                      36

                      Administrative expense data:

                      3510
                      Budget authority
                      618

                      177

                      3590
                      Outlays from new authority
                      618

                      177

             As required by the Federal Credit Reform Act of 1990, as amended, for loans made pursuant to Section 7(b) of the Small Business
                Act, as amended, this account records 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 the disaster loan 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 the disaster assistance program, SBA helps homeowners, renters, businesses of all sizes, and non-profit
                organizations pay for the cost of replacing, rebuilding or repairing property damaged by disasters. The program is the only
                form of SBA financial assistance not limited to small businesses. The program provides subsidized loans for up to 30 years
                to borrowers who have incurred uninsured physical losses or economic injury as the result of a disaster.

             In 2020, the Budget supports $1.1 billion in loans, the ten-year normalized average for such loans. The Budget requests $150.9
                million in new budget authority for administrative expenses related to major disasters (pursuant to a determination under
                section 102(2) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act) and $26.2 million for administrative
                expenses related to non-major disasters.

          Object Classification (in millions of dollars)

                      Identification code 073–1152–0–1–453
                      2018 actual
                      2019 est.
                      2020 est.

                      Direct obligations:

                      25.3
                      Other goods and services from Federal sources
                      618

                      177

                      41.0
                      Grants, subsidies, and contributions
                      560
                      510
                      150

                      99.9
                      Total new obligations, unexpired accounts
                      1,178
                      510
                      327

             Disaster Direct Loan Financing AccountProgram and Financing (in millions of dollars)

                      Identification code 073–4150–0–3–453
                      2018 actual
                      2019 est.
                      2020 est.

                      Obligations by program activity:

                      0003
                      Other
                      15
                      25
                      25

                      Credit program obligations:

                      0710
                      Direct loan obligations
                      4,373
                      3,100
                      1,100

                      0713
                      Payment of interest to Treasury
                      314
                      350
                      350

                      0742
                      Downward reestimates paid to receipt accounts
                      82
                      60

                      0743
                      Interest on downward reestimates
                      45
                      33

                      0791
                      Direct program activities, subtotal
                      4,814
                      3,543
                      1,450

                      0900
                      Total new obligations, unexpired accounts
                      4,829
                      3,568
                      1,475

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      124
                      453
                      213

                      1021
                      Recoveries of prior year unpaid obligations
                      382
                      99
                      99

                      1023
                      Unobligated balances applied to repay debt
                      –122

                      1050
                      Unobligated balance (total)
                      384
                      552
                      312

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      3,950
                      2,719
                      965

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      1,455
                      1,500
                      1,500

                      1801
                      Change in uncollected payments, Federal sources
                      36

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund

                      –990
                      –900

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –543

                      1850
                      Spending auth from offsetting collections, mand (total)
                      948
                      510
                      600

                      1900
                      Budget authority (total)
                      4,898
                      3,229
                      1,565

                      1930
                      Total budgetary resources available
                      5,282
                      3,781
                      1,877

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      453
                      213
                      402

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      806
                      1,212
                      3,168

                      3010
                      New obligations, unexpired accounts
                      4,829
                      3,568
                      1,475

                      3020
                      Outlays (gross)
                      –4,041
                      –1,513
                      –1,513

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –382
                      –99
                      –99

                      3050
                      Unpaid obligations, end of year
                      1,212
                      3,168
                      3,031

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –115
                      –151
                      –151

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      –36

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –151
                      –151
                      –151

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      691
                      1,061
                      3,017

                      3200
                      Obligated balance, end of year
                      1,061
                      3,017
                      2,880

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      4,898
                      3,229
                      1,565

                      Financing disbursements:

                      4110
                      Outlays, gross (total)
                      4,041
                      1,513
                      1,513

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Payments from program account
                      –457
                      –88
                      –88

                      4120
                      Upward reestimate
                      –8
                      –122

                      4120
                      Interest on upward reestimate
                      –4
                      –7

                      4122
                      Interest income from Treasury
                      –96
                      –230
                      –230

                      4123
                      Repayments of principal, net
                      –890
                      –1,053
                      –1,182

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –1,455
                      –1,500
                      –1,500

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      –36

                      4160
                      Budget authority, net (mandatory)
                      3,407
                      1,729
                      65

                      4170
                      Outlays, net (mandatory)
                      2,586
                      13
                      13

                      4180
                      Budget authority, net (total)
                      3,407
                      1,729
                      65

                      4190
                      Outlays, net (total)
                      2,586
                      13
                      13

          Status of Direct Loans (in millions of dollars)

                      Identification code 073–4150–0–3–453
                      2018 actual
                      2019 est.
                      2020 est.

                      Position with respect to appropriations act limitation on obligations:

                      1121
                      Limitation available from carry-forward
                      5,462
                      9,430
                      6,330

                      1143
                      Unobligated limitation carried forward (P.L. xx) (-)
                      –1,089
                      –6,330
                      –5,230

                      1150
                      Total direct loan obligations
                      4,373
                      3,100
                      1,100

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      6,191
                      9,059
                      9,044

                      1231
                      Disbursements: Direct loan disbursements
                      3,597
                      706
                      1,036

                      1251
                      Repayments: Repayments and prepayments
                      –664
                      –580
                      –706

                      1263
                      Write-offs for default: Direct loans
                      –96
                      –141
                      –140

                      1264
                      Other adjustments, net (+ or -)
                      31

                      1290
                      Outstanding, end of year
                      9,059
                      9,044
                      9,234

          Balance Sheet (in millions of dollars)

                      Identification code 073–4150–0–3–453
                      2017 actual
                      2018 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      417
                      1,290

                      Investments in U.S. securities:

                      1106
                      Receivables, net

                      129

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

                      1401
                      Direct loans receivable, gross
                      6,191
                      9,059

                      1402
                      Interest receivable

                      1404
                      Foreclosed property

                      2

                      1405
                      Allowance for subsidy cost (-)
                      –896
                      –1,325

                      1499
                      Net present value of assets related to direct loans
                      5,295
                      7,736

                      1999
                      Total assets
                      5,712
                      9,155

                      LIABILITIES:

                      Federal liabilities:

                      2103
                      Debt
                      5,709
                      9,054

                      2105
                      Other
                      3
                      93

                      2201
                      Non-Federal liabilities: Accounts payable

                      8

                      2999
                      Total liabilities
                      5,712
                      9,155

                      NET POSITION:

                      3300
                      Cumulative results of operations

                      4999
                      Total liabilities and net position
                      5,712
                      9,155

             Disaster Loan Fund Liquidating AccountProgram and Financing (in millions of dollars)

                      Identification code 073–4153–0–3–453
                      2018 actual
                      2019 est.
                      2020 est.

                      Budgetary resources:

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      1
                      1
                      1

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –1
                      –1
                      –1

                      Budget authority and outlays, net:

                      Mandatory:

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –1
                      –1
                      –1

                      4180
                      Budget authority, net (total)
                      –1
                      –1
                      –1

                      4190
                      Outlays, net (total)
                      –1
                      –1
                      –1

          Status of Direct Loans (in millions of dollars)

                      Identification code 073–4153–0–3–453
                      2018 actual
                      2019 est.
                      2020 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      2
                      1
                      1

                      1251
                      Repayments: Repayments and prepayments
                      –1

                      1290
                      Outstanding, end of year
                      1
                      1
                      1

          Balance Sheet (in millions of dollars)

                      Identification code 073–4153–0–3–453
                      2017 actual
                      2018 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury

                      1601
                      Direct loans, net
                      2
                      1

                      1603
                      Allowance for estimated uncollectible loans and interest (-)

                      1699
                      Value of assets related to direct loans
                      2
                      1

                      1999
                      Total assets
                      2
                      1

                      LIABILITIES:

                      2104
                      Federal liabilities: Resources payable to Treasury
                      2
                      1

                      NET POSITION:

                      3100
                      Unexpended appropriations

                      4999
                      Total liabilities and net position
                      2
                      1

             GENERAL FUND RECEIPT ACCOUNTS(in millions of dollars)

                      2018 actual
                      2019 est.
                      2020 est.

                      Offsetting receipts from the public:

                      073–272130
                      Disaster Loan Program, Downward Reestimates of Subsidies
                      126
                      93

                      073–272210
                      Business Loan Program, Negative Subsidies

                      155

                      073–272230
                      Business Loan Program, Downward Reestimates of Subsidies
                      1,618
                      852

                      General Fund Offsetting receipts from the public
                      1,744
                      945
                      155

             ADMINISTRATIVE PROVISIONS
             Administrative Provisions—Small Business Administration'

          (includingtransfer of funds)SEC. 520. Not to exceed 5 percent of any appropriation made available in this title for the Small Business Administration may be transferred
          between such appropriations upon the advance notification to the Committees on Appropriations of the House of Representatives
          and the Senate: Provided, That no transfer under this section may increase any such appropriation by more than 10 percent.SEC. 521.  Not to exceed 3 percent of any appropriation made available in this Act for the Small Business Administration under the headings
                ''Salaries and Expenses'' and ''Business Loans Program Account'' may be transferred to the "Information Technology System
                Modernization and Working Capital Fund" (IT WCF), authorized by Section 1077(b)(1) of title X of division A of the National
                Defense Authorization Act for Fiscal Year 2018, for the purposes specified in section 1077(b)(3) of such Act, upon the advance
                approval of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That amounts transferred
                to the IT WCF under this section shall remain available for obligation through September 30, 2023. SEC. 522.  BUSINESS LOAN PROGRAM FEE PROVISIONS.  (a)  Section 7(a)(18) of the Small Business Act (15 U.S.C. 636(a)(18)) is amended by—  (1)   rewriting the parenthetical in paragraph (A) to read as follows: "(other than a loan that is repayable in 1 year or less,
                      which shall have a guarantee fee not to exceed 0.50 percent of the deferred participation of the total loan)";
             (2)  striking "$700,000" and inserting instead "$500,000" in paragraph (A)(ii);
             (3)  striking "$700,000" and inserting instead "$500,000, but not more than $1,500,000" in paragraph (A)(iii);
             (4)  redesignating clause (iv) of paragraph (A) as clause (v); and
             (5)  adding a new clause (iv) to paragraph (A) that reads as follows: "(iv) A guarantee fee not to exceed 4 percent of the deferred
                      participation share of a total loan amount that is more than $1,500,00.".

          (b)  Section 7(a)(23) of the Small Business Act (15 U.S.C. 636(a)(23)(A)) is amended by—  (1)  rewriting paragraph (A) to read as follows: "(A) IN GENERAL.—With respect to each loan approved under this subsection, the
                      Administration shall assess, collect, and retain a fee, not to exceed 0.55 percent per year of the outstanding balance of
                      the deferred participation share of the loan for a total loan amount of $1,500,000 or less, or 0.83 percent per year of the
                      outstanding balance of the deferred participation share of the loan for a total loan amount greater than $1,500,000. Such
                      amount shall be established once annually by the Administration in the Administration's annual budget request to Congress,
                      as necessary to reduce to zero (or, in the discretion of the Administration, less than zero) the cost to the Administration
                      of making guarantees under this subsection. As used in this paragraph, the term "cost" has the meaning given that term in
                      section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)."; and
             (2)  striking the phrase "to zero" in paragraph (C), and deleting clause (ii) of such paragraph.

          (c)  Section 7(a)(26) of the Small Business Act (15 U.S.C. 636(a)(26)) is amended by inserting ", at a minimum," before the word
                   "offset".  SEC. 523.  LENDING TO SMALL MANUFACTURERS. Section 502(2)(A)(iii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)(iii))
                is amended by striking "$5,500,000" and inserting "$6,500,000".  SEC. 524. REPEAL OF CERTAIN DISASTER  PROGRAM AUTHORITIES.
          (a) Section 42 of the Small Business Act (15 U.S.C. 657n) is repealed.
          (b) Section 7(c) of the Small Business Act (15 U.S.C. 636(c)) is repealed.
          (c) Section 12085 of Public Law 111–246 is repealed.

          (d) Section 7(a)(31)(H) of the Small Business Act (15 U.S.C. 636(a)(31)(H)) is repealed.
          (e)   Section 2102(b) of Public Law 114–88 is repealed. SEC. 525. AMENDMENTS TO 7(m) MICROLOAN PROGRAM. Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended in paragraph (7) by striking subparagraph (B) in its
             entirety.SEC. 526. SMALL BUSINESS DEVELOPMENT CENTER AND WOMEN'S BUSINESS CENTER PROGRAM EVALUATIONS.
          (a) Section 21(a)(7)(A) of the Small Business Act (15 U.S.C. 648(a)(7)(A)) is amended by—
             (1) striking the word "or" at the end of clause (i);
             (2) striking the period at the end of clause (ii) and inserting "; or"; and
             (3) adding the following new clause: "(iii) the Administrator considers such a disclosure to be necessary for the purpose of conducting
                a program evaluation.".

          (b) Section 29(n)(1) of the Small Business Act (15 U.S.C. 656(n)(1)) is amended by—
             (1) striking the word "or" at the end of subparagraph (A);
             (2) striking the period at the end of subparagraph (B) and inserting "; or"; and
             (3) adding the following new subparagraph: "(C) the Administrator considers such a disclosure to be necessary for the purpose
                of conducting a program evaluation.".

          SEC. 527. INCREASED EXPRESS LOAN LIMIT.—Section 7(a)(31)(D) of the Small Business Act (15 U.S.C. 636(a)(31)(D)) is amended by striking
          "$350,000" and inserting "$1,000,000".SEC. 528. CHANGES TO 7(a) SECONDARY MARKET FEE PROVISIONS.
          (a) Section 5(g)(2) of the Small Business Act is amended by—(1) renumbering the current paragraph as subparagraph (A); and
             (2) adding a new subparagraph (B) to read as follows:"(B) With respect to the Administration's guarantee of the timely payment
                of the principal and interest on the trust certificates issued under this subsection, the Administration may assess, collect,
                and retain an annual fee, in an amount established once annually by the Administration in the Administration's budget request
                to Congress, not to exceed 0.05 percent per year of the outstanding balance of such trust certificates. The fee shall, at
                a minimum, offset the cost (as that term is defined in section 502 of the Federal Credit Reform Act of 1990) to the Administration
                of such guarantee, and any amounts received that exceed the cost of the timely payment guarantee shall be maintained in accordance
                with the Federal Credit Reform Act. The fee shall be payable solely by the holders of such trust certificates and shall not
                be charged to any borrower whose loan is represented in the secondary market. The Administration may contract with an agent
                to carry out, on behalf of the Administration, the assessment and collection of this fee. The fee shall be deducted from the
                amounts otherwise payable to such holders of the trust certificates.".