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SMALL BUSINESS ADMINISTRATION For 2002, the Small Business Administration (SBA) budget requests $539 million in new budget authority. This budget request includes two specific initiatives that were expressed in the President’s campaign. First, SBA requests $5 million for the ‘‘New Freedom’’ initiative, which provides small businesses with technical assistance to comply with the provisions of the Americans with Disabilities Act. Second, $5 million is included to fund the Drug-Free Workplace Program, which will be used to support small businesses’ efforts to effectively address this problem. SBA’s continuing operations will provide $18 billion in new loans to small businesses, slightly increased funding for non-credit programs, and funding for the disaster loan program through the National Emergency Reserve. SBA will propose legislative changes that permit counseling fees for Small Business Development Center clients and increased fees to fund the General Business Section 7(a) and Small Business Investment Company loan programs to make these lending programs self-sufficient. General and special funds: AND EXPENSES For necessary expenses, not otherwise provided for, of the Small Business Administration as authorized by Public Law 105–135, including hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and 1344, and not to exceed $3,500 for official reception and representation expenses, ø$331,635,000¿ $321,219,000: Provided, That the Administrator is authorized to charge fees to cover the cost of publications developed by the Small Business Administration, and certain loan servicing activities: Provided further, That, notwithstanding 31 U.S.C. 3302, revenues received from all such activities shall be credited to this account, to be available for carrying out these purposes without further appropriations: Provided further, That ø$88,000,000¿ $75,806,000 shall be available to fund grants for performance in fiscal year ø2001¿ 2002 or fiscal year ø2002¿ 2003 as authorized by section 21 of the Small Business Act, as amendedø: Provided further, That, of the funds made available under this heading, $4,000,000 shall be for the National Veterans Business Development Corporation established under section 33(a) of the Small Business Act (15 U.S.C. 657c)¿. øIn addition, for the costs of programs related to the New Markets Venture Capital Program, $37,000,000, of which $7,000,000 shall be for BusinessLINC, and of which $30,000,000 shall be for technical assistance: Provided, That the funds appropriated under this paragraph shall not be available for obligation until the New Markets Venture Capital Program is authorized by subsequent legislation.¿ In addition, to reimburse the Small Business Administration for qualified expenses of delinquent non-tax debt collection, to be derived from increased agency collections of delinquent debt, 5 percent of such collections but not to exceed $3,000,000. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106–553.) øFor an additional amount for ‘‘Salaries and Expenses’’, $1,000,000 shall be available for a grant to the Electronic Commerce Resource Center in Scranton, Pennsylvania, to establish an electronic commerce technology distribution center.¿ (Division A, Miscellaneous Appropriations Act, 2001, as enacted by section 1(a)(4) of P.L. 106– 554.) Program and Financing (in millions of dollars) 2000 actual Identification code 73–0100–0–1–376 Obligations by program activity: Government contracting and minority enterprise development ....................................................................... 00.02 Disaster assistance ....................................................... 00.04 Management and administration .................................. 00.05 Executive direction ......................................................... 7 1 1 3 6 2 7 1 1 3 6 2 8 1 1 2 6 2 00.14 00.15 00.16 00.17 00.18 General counsel ............................................................. Congressional and legislative affairs ........................... Hearings and appeals ................................................... Communications and publications ................................ Advocacy ........................................................................ Field operations ............................................................. Equal employment opportunity and civil rights compliance ........................................................................... Regional and district offices ......................................... Chief financial officer .................................................... Capital Access ............................................................... Entrepreneurial development ......................................... Small disadvantaged businesses .................................. 2 136 8 47 112 7 2 142 8 93 124 2 2 147 9 48 108 2 10.00 Total new obligations ................................................ 584 681 538 3 585 5 680 5 534 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 22.21 Unobligated balance transferred to Y2K Fund .............. 21.40 22.00 22.10 23.90 23.95 23.98 24.40 Federal Funds SALARIES 00.06 00.07 00.08 00.09 00.11 00.12 00.13 2001 est. 2002 est. 00.01 25 114 109 4 37 124 125 4 32 70 90 10 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. Unobligated balance carried forward, end of year ....... 4 ................... ................... ¥1 ................... ................... 591 685 539 ¥584 ¥681 ¥538 ¥2 ................... ................... 5 5 1 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 323 411 40.35 Appropriation rescinded ............................................ ¥3 ................... 40.76 Reduction pursuant to P.L. 106–113 ....................... ¥11 ................... 40.77 Reduction pursuant to P.L. 106–554 (0.22 percent) ................... ¥1 41.00 Transferred to other accounts ................................... ¥4 ................... 43.00 305 410 321 280 270 213 Spending authority from offsetting collections (total discretionary) .......................................... 280 270 213 Total new budget authority (gross) .......................... 585 680 534 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 217 250 294 68.00 Appropriation (total discretionary) ........................ Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 321 ................... ................... ................... ................... 68.90 70.00 72.99 73.10 73.20 73.40 73.45 74.40 Obligated balance, start of year .......................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Recoveries of prior year obligations .............................. Unpaid obligations, end of year: Unpaid obligations, end of year ............................... 74.99 217 250 294 584 681 538 ¥535 ¥635 ¥610 ¥12 ................... ................... ¥4 ................... ................... 250 294 222 Obligated balance, end of year ............................ 250 294 222 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 406 129 496 140 390 220 87.00 Total outlays (gross) ................................................. 535 635 610 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: Federal sources: 88.00 Payments from business loan program account ............................................................ 88.00 Payments from disaster loan program account 88.00 Federal sources ................................................ 88.40 Non-Federal sources ............................................. ¥129 ¥136 ¥12 ¥3 ¥129 ¥133 ¥5 ¥3 ¥129 ¥79 ¥2 ¥3 88.90 Total, offsetting collections (cash) .................. ¥280 ¥270 ¥213 89.00 Net budget authority and outlays: Budget authority ............................................................ 305 410 321 1089 VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 PO 00000 Frm 00001 Fmt 3616 Sfmt 3643 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA 1090 THE BUDGET FOR FISCAL YEAR 2002 Federal Funds—Continued New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. General and special funds—Continued SALARIES EXPENSES—Continued AND Program and Financing (in millions of dollars)—Continued 2000 actual Identification code 73–0100–0–1–376 43.00 68.00 2001 est. 2002 est. 11 12 12 Appropriation (total discretionary) ........................ 11 12 Spending authority from offsetting collections: Offsetting collections (cash) .............................................. ................... ................... 12 1 397 70.00 Total new budget authority (gross) .......................... 11 12 13 The appropriation for this account is necessary to cover the administrative expenses for headquarters and non-credit programs. 73.10 73.20 Change in unpaid obligations: Total new obligations .................................................... Total outlays (gross) ...................................................... 11 ¥10 12 ¥11 12 ¥12 Object Classification (in millions of dollars) 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... 10 11 Outlays from discretionary balances ............................. ................... ................... 12 1 90.00 Outlays ........................................................................... 11.9 12.1 21.0 22.0 23.1 23.2 23.3 24.0 25.2 26.0 31.0 41.0 92.0 92.0 92.0 99.9 365 2000 actual Identification code 73–0100–0–1–376 11.1 11.3 11.5 255 Personnel compensation: Full-time permanent .................................................. Other than full-time permanent ............................... Other personnel compensation .................................. 2001 est. 170 10 3 2002 est. 176 11 3 87.00 182 11 3 Total personnel compensation .............................. 183 190 196 Civilian personnel benefits ............................................ 42 45 47 Travel and transportation of persons ............................ 7 7 7 Transportation of things ................................................ ................... 1 1 Rental payments to GSA ................................................ 27 27 30 Rental payments to others ............................................ 1 ................... ................... Communications, utilities, and miscellaneous charges 6 6 5 Printing and reproduction .............................................. 1 1 2 Other services ................................................................ 44 56 52 Supplies and materials ................................................. 1 1 ................... Equipment ...................................................................... 2 2 1 Grants, subsidies, and contributions ............................ 149 219 125 Undistributed: Undistributed (disaster loan making) ....................... 85 90 40 Undistributed (disaster loan servicing) .................... 29 34 30 Undistributed (SDB) .................................................. 7 2 2 Total new obligations ................................................ 584 681 1001 2001 est. 4,147 4,041 4,019 f OF Obligations by program activity: General Office ................................................................ Audit ............................................................................... Investigations ................................................................. Management / Legal Counsel / Inspection and Evaluation ........................................................................ 10.00 Total new obligations ................................................ 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 23.90 23.95 24.40 16:28 Mar 25, 2001 Jkt 188677 2000 actual 2001 est. 2002 est. Personnel compensation: Full-time permanent .................................................. 9 10 Other personnel compensation .................................. ................... ................... 8 1 11.9 12.1 25.1 Total personnel compensation .............................. 9 10 Civilian personnel benefits ............................................ 2 2 Advisory and assistance services .................................. ................... ................... 9 2 1 Total new obligations ................................................ 11 12 12 2000 actual Identification code 73–0200–0–1–376 1001 Total compensable workyears: Full-time equivalent employment ............................................................... 115 2001 est. 2002 est. 119 119 f Public enterprise funds: 2001 est. SURETY BOND GUARANTEES REVOLVING FUND 2002 est. Program and Financing (in millions of dollars) 1 4 5 1 5 5 1 5 5 Identification code 73–4156–0–3–376 1 1 1 09.01 Obligations by program activity: Reimbursable obligations .............................................. 14 5 4 11 12 12 10.00 Total new obligations (object class 42.0) ................ 14 5 4 1 ................... 11 12 1 12 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 40 6 32 2 29 3 12 13 ¥12 ¥12 1 ................... 23.90 23.95 24.40 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... 46 ¥14 32 34 ¥5 29 32 ¥4 28 Total budgetary resources available for obligation 12 Total new obligations .................................................... ¥11 Unobligated balance carried forward, end of year ....... ................... VerDate 11-MAY-2000 11 11 Personnel Summary Program and Financing (in millions of dollars) 2000 actual 12 11 Object Classification (in millions of dollars) INSPECTOR GENERAL Identification code 73–0200–0–1–376 11 11 The budget proposes $11.9 million in new budget authority and $500 thousand transferred from the Disaster Loans Program account for a total of $12.4 million for the Office of Inspector General (OIG) for 2002. This appropriation provides funds for agency-wide audit, investigative, and inspection/ evaluation functions to promote economy and efficiency in agency operations and to prevent and detect fraud, waste, and abuse. 99.9 For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, as amended (5 U.S.C. App.), ø$11,953,000¿ $11,927,000. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106– 553.) 00.01 00.02 00.03 00.04 ¥1 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 10 11.1 11.5 2002 est. Note.—The personnel summary includes regular (non-disaster) full-time equivalents (FTEs) of 3010, 2882, and 2788 in 2000, 2001, and 2002 respectively. OFFICE Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Payments from disaster loan program account ............................ ................... ................... Identification code 73–0200–0–1–376 2000 actual Total compensable workyears: Full-time equivalent employment ............................................................... 12 538 Personnel Summary Identification code 73–0100–0–1–376 11 89.00 90.00 Total outlays (gross) ................................................. PO 00000 Frm 00002 Fmt 3616 Sfmt 3643 E:\BUDGET\SBA.XXX 2000 actual pfrm02 PsN: SBA 2001 est. 2002 est. SMALL BUSINESS ADMINISTRATION New budget authority (gross), detail: Discretionary: 68.00 Spending authority from offsetting collections (gross): Offsetting collections (cash) ................... 6 6 2 2 3 3 1 1 1 1 14 ¥13 1 5 ¥5 1 4 ¥4 74.40 Obligated balance, start of year .......................... Total new obligations .................................................... Total outlays (gross) ...................................................... Unpaid obligations, end of year: Unpaid obligations, end of year ............................... 1 1 1 74.99 Obligated balance, end of year ............................ 1 1 1 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 6 7 2 3 3 1 87.00 Total outlays (gross) ................................................. 13 5 4 Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. ¥6 ¥2 ¥3 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 72.99 73.10 73.20 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... 7 3 1 SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts that do not exceed $2,000,000 and to reimburse these sureties up to 90 percent of the losses sustained if the contractor defaults. SBA’s guarantees provide the incentive necessary for sureties to issue bonds to small contractors who could not otherwise compete in the contracting industry. In 2002, the budget proposes a $1.7 billion program level that is anticipated to be sufficient to accommodate demand from prior-approval and preferred sureties. This program does not require a subsidy appropriation. Statement of Operations (in millions of dollars) 1999 actual Identification code 73–4156–0–3–376 2000 actual 2001 est. 2002 est. as authorized by 15 U.S.C. 631 note, of which $45,000,000 shall remain available until September 30, 2002: Provided, That of the total provided, $22,000,000 shall be available only for the costs of guaranteed loans under the New Markets Venture Capital program and shall become available for obligation only upon authorization of such program by the enactment of subsequent legislation in fiscal year 2001¿: Provided ƒfurther≈, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974, as amended: Provided further, That during fiscal year ø2001¿ 2002, commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958, as amended, shall not exceed $3,750,000,000: Provided further, That during fiscal year ø2001¿ 2002, commitments for general business loans authorized under section 7(a) of the Small Business Act, as amended, shall not exceed ø$10,000,000,000 without prior notification of the Committees on Appropriations of the House of Representatives and Senate in accordance with section 605 of this Act¿ $10,700,000,000: Provided further, That during fiscal year ø2001¿ 2002, guarantee commitments øto guarantee loans¿ under section 303(b) of the Small Business Investment Act of 1958, as amended, shall not exceed ø$500,000,000¿ $3,100,000,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, $129,000,000, which may be transferred to and merged with the appropriations for Salaries and Expenses. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106–553.) General Fund Credit Receipt Accounts (in millions of dollars) 2000 actual Identification code 73–1154–0–1–376 0101 0102 Business loan program, negative subsidies ................. ................... Business loan program, downward reestimates of subsidies ................................................................... 284 2000 actual Identification code 73–1154–0–1–376 00.01 00.02 00.05 00.07 00.08 00.09 Revenue ................................................... Expense .................................................... 9 –7 14 –14 7 –6 6 –6 0105 Net income or loss (–) ............................ 2 .................. 1 .................. Obligations by program activity: Direct loan subsidy ........................................................ 2 Guaranteed loan subsidy ............................................... 191 Reestimate of direct loan .............................................. ................... Reestimate of loan guarantee subsidy ......................... 3 Interest on reestimates of loan guarantee subsidy 2 Administrative expenses ................................................ 129 10.00 21.40 22.00 22.10 Balance Sheet (in millions of dollars) 1999 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ............. Investments in US securities: 1106 Receivables, net ............................. 1999 2000 actual 2001 est. 2002 est. 41 33 34 42 .................. 7 8 .................. 42 42 Total assets ........................................ LIABILITIES: 2201 Non-Federal liabilities: Accounts payable 41 40 37 37 36 36 2999 37 37 36 36 332 –326 303 –300 332 –326 332 –326 Total liabilities .................................... NET POSITION: 3100 Appropriated capital ................................ 3300 Cumulative results of operations ............ 2001 est. 2002 est. 27 ................... 722 ................... Program and Financing (in millions of dollars) 0101 0102 Identification code 73–4156–0–3–376 1091 Federal Funds—Continued Total new obligations ................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 22.22 Unobligated balance transferred from other accounts 23.90 23.95 24.40 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... 2001 est. 2002 est. 2 179 1 31 3 130 2 ................... ................... ................... ................... 129 327 346 131 76 264 56 328 38 131 41 ................... ................... 2 ................... ................... 383 ¥327 56 384 ¥346 38 169 ¥131 39 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 267 294 131 40.35 Appropriation rescinded ............................................ ¥13 ................... ................... 40.77 Reduction pursuant to P.L. 106–554 (0.22 percent) ................... ¥1 ................... 42.00 Transferred from other accounts .............................. 5 ................... ................... 43.00 Total net position ................................ 6 3 6 6 4999 Total liabilities and net position ............ 43 40 42 259 60.05 70.00 Total new budget authority (gross) .......................... 264 328 131 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 3999 Appropriation (total discretionary) ........................ Mandatory: Appropriation (indefinite) .......................................... 109 88 124 5 293 131 35 ................... 42 f Credit accounts: BUSINESS LOANS PROGRAM ACCOUNT For the cost of direct loans, ø$2,250,000¿ $1,500,000, to be available until expendedø; and for the cost of guaranteed loans, $163,160,000, VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 PO 00000 Frm 00003 Fmt 3616 72.99 73.10 73.20 73.40 73.45 Obligated balance, start of year .......................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Recoveries of prior year obligations .............................. Sfmt 3643 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA 109 88 124 327 346 131 ¥283 ¥310 ¥192 ¥24 ................... ................... ¥41 ................... ................... 1092 THE BUDGET FOR FISCAL YEAR 2002 Federal Funds—Continued BUSINESS LOANS PROGRAM ACCOUNT—Continued Program and Financing (in millions of dollars)—Continued 2000 actual Identification code 73–1154–0–1–376 2001 est. 2002 est. 74.40 Unpaid obligations, end of year: Unpaid obligations, end of year ............................... 88 124 63 74.99 Obligated balance, end of year ............................ 88 124 2340 2340 2340 2340 2340 2340 2340 2340 2340 2340 2340 General business—7(a) ................................................ General business—7(a) DELTA ..................................... SBIC participating securities ......................................... New Market Venture Capital .......................................... Y2K ................................................................................. Section 504 upward reestimate .................................... SBIC debentures upward reestimate ............................. 7(a) downward reestimate ............................................. Section 504 downward reestimate ................................ SBIC debentures downward reestimate ......................... SBIC participating securities downward reestimate ..... 2349 Credit accounts—Continued 113 110 ................... 2 ................... ................... 24 22 ................... 6 12 ................... 1 ................... ................... 5 ................... ................... ................... 34 ................... ¥284 ¥117 ................... ................... ¥180 ................... ................... ¥91 ................... ................... ¥334 ................... Total subsidy outlays ................................................ ¥132 3510 3590 Administrative expense data: Budget authority ............................................................ Outlays from new authority ........................................... 129 129 63 Outlays (gross), detail: 86.90 Outlays from new discretionary authority ..................... 86.93 Outlays from discretionary balances ............................. 86.97 Outlays from new mandatory authority ......................... 190 185 83 88 125 109 5 ................... ................... 87.00 Total outlays (gross) ................................................. 283 310 192 Net budget authority and outlays: 89.00 Budget authority ............................................................ 90.00 Outlays ........................................................................... 264 283 328 310 131 192 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2000 actual Identification code 73–1154–0–1–376 2001 est. 2002 est. Direct loan levels supportable by subsidy budget authority: 1150 Micro loans .................................................................... 27 34 21 1159 27 34 21 8.54 8.95 6.78 Weighted average subsidy rate ................................. 8.54 Direct loan subsidy budget authority: 1330 Micro loans .................................................................... 2 1330 Subsidy reestimation ..................................................... ................... 8.95 6.78 Total direct loan levels ............................................. Direct loan subsidy (in percent): 1320 Micro loans .................................................................... 1329 1339 2 2 1 ................... Total subsidy budget authority ................................. 2 Direct loan subsidy outlays: 1340 Micro loans .................................................................... 2 1340 Subsidy outlays-reestimates .......................................... ................... 2 1 1 ................... 1349 3 Total subsidy outlays ................................................ 2 Guaranteed loan levels supportable by subsidy budget authority: 2150 Microloan guarantees .................................................... 1 2150 General business—7(a) ................................................ 9,680 2150 General business—7(a) DELTA ..................................... 16 2150 Section 504 .................................................................... 1,809 2150 Section 504 DELTA ......................................................... ................... 2150 SBIC debentures ............................................................ 385 2150 SBIC participating securities ......................................... 1,261 2150 New Market Venture Capital .......................................... ................... 2159 Total loan guarantee levels ...................................... Guaranteed loan subsidy (in percent): 2320 Microloan guarantees .................................................... 2320 General business—7(a) ................................................ 2320 General business—7(a) DELTA ..................................... 2320 Section 504 program ..................................................... 2320 Section 504 DELTA ......................................................... 2320 SBIC debentures ............................................................ 2320 SBIC Participating Securities ........................................ 2320 New Markets Venture Capital ........................................ 2320 Y2k ................................................................................. 3 2 1 2 2 9,804 10,700 20 20 3,750 3,750 2 3 500 600 1,957 2,500 152 ................... 13,152 16,187 7.95 1.17 1.88 0.00 0.89 0.00 1.31 14.44 4.04 8.17 1.07 0.66 0.00 0.84 0.00 1.87 14.47 0.00 Weighted average subsidy rate ................................. Guaranteed loan subsidy budget authority: 2330 General business—7(a) ................................................ 2330 SBIC participating securities ......................................... 2330 New Markets Ventue Capital ......................................... 2330 SBIC Debentures- upward reestimate ........................... 2330 Section 504¥ upward reestimate ................................ 2330 7(a) downward reestimate ............................................. 2330 Section 504 downward reestimate ................................ 2330 SBIC Debentures downward reestimate ........................ 2330 SBIC Participating Securities Downward reestimate .... 1.20 1.08 0.00 2339 Total subsidy budget authority ................................. Guaranteed loan subsidy outlays: 2340 Microloan guarantees .................................................... VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 112 115 ................... 24 26 ................... 6 22 ................... ................... 34 ................... 5 ................... ................... ¥284 ¥117 ................... ................... ¥180 ................... ................... ¥91 ................... ................... ¥334 ................... ¥137 ¥525 ................... 1 ................... ................... PO 00000 Frm 00004 Fmt 3616 129 129 Object Classification (in millions of dollars) 2000 actual Identification code 73–1154–0–1–376 2001 est. 2002 est. 25.2 41.0 Other services ................................................................ Grants, subsidies, and contributions ............................ 129 198 130 216 129 2 99.9 Total new obligations ................................................ 327 346 131 f BUSINESS LOANS PROGRAM ACCOUNT (Legislative proposal, not subject to PAYGO) Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2000 actual Identification code 73–1154–2–1–376 2329 129 129 As required by the Federal Credit Reform Act of 1990, as amended, this account records, for this program, the subsidy costs associated with the direct loans obligated and loan guarantees committed in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. For 2002, the budget proposes $130.5 million in new budget authority for the Business Loans Program account. This amount will be used to administer the loan programs and support $20.5 million in loans through the Microloan Direct program. For all other loan programs, we are proposing legislation to increase borrowing fees sufficient to cover subsidy obligations. The Section 7(a) program provides general business credit assistance. The requested program level for 2002 is $10.7 billion. The Section 504 CDC Program is for long-term fixed rate financing and will require a program level of $3.75 billion in 2002. The Small Business Investment Companies (SBIC) program provides debt and equity capital. The budget proposes a program level of $2.5 billion for SBIC Participating Securities and $600 million for SBIC Debentures. The Microloan Direct program provides loans of $35,000 or less through intermediaries. 17,575 8.32 1.16 1.83 0.00 1.13 0.00 1.80 15.00 4.07 ¥544 ................... 2001 est. 2002 est. 2320 2320 General business—7(a) ................................................ ................... ................... SBIC participating securities ......................................... ................... ................... ¥1.07 ¥1.87 2329 Weighted average subsidy rate ................................. ................... ................... 0.00 The Administration proposes to make the 7(a) General Business Loan and Small Business Investment Companies Participating Securities programs self-financing through fee increases, saving $141 million in government subsidies. The Administration’s fee proposal acknowledges that some small businesses may have trouble accessing capital but does not require the government to subsidize their cost of borrowing. Sfmt 3616 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA SMALL BUSINESS ADMINISTRATION 1231 1232 1251 1263 Disbursements: Direct loan disbursements ........................................ Purchase of loans assets from the public ............... Repayments: Repayments and prepayments ................. Write-offs for default: Direct loans ............................... 1290 Outstanding, end of year .......................................... BUSINESS DIRECT LOAN FINANCING ACCOUNT Program and Financing (in millions of dollars) 2000 actual Identification code 73–4148–0–3–376 2001 est. 2002 est. Obligations by program activity: Direct loans .................................................................... Interest on Treasury borrowing ...................................... Other expenses: 00.03 Other expenses .......................................................... 60 29 21 28 17 ................... 5 10.00 70 00.01 00.02 21.40 22.00 22.40 22.60 23.90 23.95 24.40 Total new obligations ................................................ New financing authority (gross), detail: Discretionary: 47.05 Authority to borrow (indefinite) ................................. Spending authority from offsetting collections: 68.00 Offsetting collections (cash) ..................................... 68.10 Change in receivables from program account ......... 68.90 70.00 74.40 74.95 74.99 87.00 89 54 374 ................... 86 96 ¥335 ................... ¥36 ¥42 444 89 54 ¥70 ¥89 ¥54 374 ................... ................... 27 24 19 .................. 463 473 572 355 .................. 68 29 70 30 71 31 83 .................. 2 .................. 3 –1 4 –2 83 2 2 2 9 .................. .................. .................. Total assets ........................................ LIABILITIES: Federal liabilities: 2101 Accounts payable ................................ 2104 Resources payable to Treasury ........... 447 562 575 676 24 377 27 535 28 547 30 646 2999 Total liabilities .................................... 401 562 575 676 4999 Total liabilities and net position ............ 401 562 575 676 ASSETS: Federal assets: 1101 Fund balances with Treasury ............. Investments in US securities: 1106 Receivables, net ............................. 1206 Non-Federal assets: Receivables, net ..... Net value of assets related to post– 1991 direct loans receivable: 1401 Direct loans receivable, gross ............ 1405 Allowance for subsidy cost (–) ........... 62 77 1499 Total new financing authority (gross) ...................... 151 86 96 1504 ¥1 ¥23 ¥24 25 70 15 88 89 ¥80 96 54 ¥60 Obligated balance, start of year .......................... Total new obligations .................................................... Total financing disbursements (gross) ......................... Change in uncollected customer payments from Federal sources ............................................................... Unpaid obligations, end of year: Unpaid obligations, end of year ............................... Uncollected customer payments from program account, end of year ................................................ ¥22 Obligated balance, end of year ............................ Total financing disbursements (gross) ......................... ¥1 ................... 111 120 ¥24 96 80 1999 90 60 Program and Financing (in millions of dollars) 00.01 00.05 2000 actual 88.95 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... ¥1 ¥36 ¥22 ¥42 ¥19 ¥22 ¥17 ¥23 ¥28 ¥25 ¥102 ¥61 ¥22 ¥1 ................... 27 ¥117 24 19 2000 actual 2001 est. 2002 est. 30 60 25 1150 Total direct loan obligations ..................................... 30 60 25 Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 93 60 93 16:28 Mar 25, 2001 Jkt 188677 762 289 974 3 238 08.91 Direct Program by Activities—Subtotal .................... 326 773 24 Total new obligations ................................................ 1,300 1,776 1,075 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... 1,027 1,119 846 1,018 88 1,126 23.90 23.95 24.40 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... 2,146 ¥1,300 846 1,864 ¥1,776 88 1,214 ¥1,075 139 1,121 1,079 1,126 19 ¥17 Position with respect to appropriations act limitation on obligations: 1131 Direct loan obligations exempt from limitation ............ VerDate 11-MAY-2000 720 283 Direct Program by Activities—Subtotal .................... Negative subsidy asset sale .......................................... Payment of downward reestimate to receipt account Payment to liquidating account to purchase loan assets (73–4154) .......................................................... Payment of interest on downward reestimate to receipt account ............................................................. ¥77 Status of Direct Loans (in millions of dollars) Identification code 73–4148–0–3–376 681 293 2002 est. 21.40 22.00 ¥3 00.91 08.01 08.02 08.03 Obligations by program activity: Default claims ............................................................... Other Expenses .............................................................. 2001 est. 10.00 ¥2 08.04 88.90 2002 est. BUSINESS GUARANTEED LOAN FINANCING ACCOUNT Identification code 73–4149–0–3–376 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Federal sources: Payments from program account ................................................................. Non-Federal sources: 88.40 Repayments of principal, net ........................... 88.40 Interest received on loans ................................ 88.40 Other income .................................................... 2001 est. f ¥24 88 ¥15 Net present value of assets related to direct loans ........................... Net value of assets related to post– 1991 acquired defaulted guaranteed loans receivable: Foreclosed property 114 ¥23 96 2000 actual 124 120 93 1999 actual Identification code 73–4148–0–3–376 Spending authority from offsetting collections (total discretionary) .......................................... 111 60 Balance Sheet (in millions of dollars) 61 77 1 ................... 26 15 48 18 ¥30 ................... ................... ¥16 ¥8 ¥10 ¥2 ¥7 ¥5 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. 102 22 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 72.95 Uncollected customer payments from program account, start of year ............................................... 72.99 73.10 73.20 74.00 29 24 Budgetary resources available for obligation: Unobligated balance carried forward, start of year 311 New financing authority (gross) .................................... 151 Capital transfer to general fund ................................... ................... Portion applied to repay debt ........................................ ¥18 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... 1093 Federal Funds—Continued PO 00000 Frm 00005 Fmt 3616 New financing authority (gross), detail: Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in uncollected customer payments from Federal sources ................................................ Sfmt 3643 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA 39 46 ¥2 1,003 1,051 27 ................... 558 ................... 24 24 164 ................... ¥61 ................... 1094 THE BUDGET FOR FISCAL YEAR 2002 Federal Funds—Continued 2364 BUSINESS GUARANTEED LOAN FINANCING ACCOUNT—Continued Other adjustments, net ............................................. ¥177 ¥134 ¥137 2390 Credit accounts—Continued Outstanding, end of year ...................................... 817 1,011 1,269 Program and Financing (in millions of dollars)—Continued 2000 actual Identification code 73–4149–0–3–376 68.90 Spending authority from offsetting collections (total discretionary) ..................................... 74.40 74.95 74.99 87.00 1,018 1,126 ¥87 176 777 ¥118 ¥116 Obligated balance, start of year .......................... Total new obligations .................................................... Total financing disbursements (gross) ......................... Change in uncollected customer payments from Federal sources ............................................................... Unpaid obligations, end of year: Unpaid obligations, end of year ............................... Uncollected customer payments from program account, end of year ................................................ ¥205 1,300 ¥1,037 60 1,776 ¥1,175 722 1,075 ¥1,472 Obligated balance, end of year ............................ Total financing disbursements (gross) ......................... 88.95 89.00 90.00 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. ¥55 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: Federal sources: 88.00 Payments from program account ..................... 88.00 Upward restimate ............................................. 88.00 Interest on reestimate ...................................... 88.25 Interest on uninvested funds ............................... Non-Federal sources: 88.40 Fees .................................................................. 88.40 Proceeds from loan asset sales ....................... 88.40 other ................................................................. 88.90 2002 est. 1,119 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 72.95 Uncollected customer payments from program account, start of year ............................................... 72.99 73.10 73.20 74.00 2001 est. Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... Balance Sheet (in millions of dollars) 2 61 ................... 176 777 380 ¥116 ¥55 ¥55 60 1,037 722 1,175 325 1,472 1999 actual 2000 actual 822 906 924 943 66 120 179 183 .................. 449 245 250 834 38 –215 817 37 –78 1,011 41 –88 1,269 42 –90 657 128 776 197 964 238 1,221 243 Total assets ........................................ LIABILITIES: 2204 Non-Federal liabilities: Liabilities for loan guarantees .................................. 1,673 2,448 2,550 2,840 1,786 2,448 2,550 2,840 2999 Total liabilities .................................... 1,786 2,448 2,550 2,840 4999 Total liabilities and net position ............ 1,786 2,448 2,550 2,840 Identification code 73–4149–0–3–376 ASSETS: Federal assets: 1101 Fund balances with Treasury ............. Investments in US securities: 1106 Receivables, net ............................. 1207 Non-Federal assets: Advances and prepayments ............................................. Net value of assets related to post– 1991 acquired defaulted guaranteed loans receivable: 1501 Defaulted guaranteed loans receivable, gross ...................................... 1502 Interest receivable .............................. 1505 Allowance for subsidy cost (–) ........... 1599 ¥151 ¥3 ¥2 ¥22 ¥178 ................... ¥31 ................... ¥3 ................... ¥45 ¥46 ¥435 ¥60 ¥448 ¥588 ¥80 ¥154 ¥800 ¥124 ¥156 ¥1,121 ¥1,079 ¥1,126 2 1901 Net present value of assets related to defaulted guaranteed loans Other Federal assets: Other assets ........ 1999 2001 est. 2002 est. f 61 ................... BUSINESS GUARANTEED LOAN FINANCING ACCOUNT Net financing authority and financing disbursements: Financing authority ........................................................ ................... ................... ................... Financing disbursements ............................................... ¥84 96 346 (Legislative proposal, not subject to PAYGO) Program and Financing (in millions of dollars) Status of Guaranteed Loans (in millions of dollars) 2000 actual Identification code 73–4149–0–3–376 Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2112 Uncommitted loan guarantee limitation ....................... 2131 Guaranteed loan commitments exempt from limitation 2150 Total guaranteed loan commitments ........................ 2000 actual Identification code 73–4149–2–3–376 2001 est. 2002 est. 2001 est. 22.00 14,874 16,187 17,575 ¥3,006 ................... ................... 1,284 ................... ................... Budgetary resources available for obligation: New financing authority (gross) .................................... ................... ................... 55 23.90 24.40 Total budgetary resources available for obligation ................... ................... Unobligated balance carried forward, end of year ....... ................... ................... 55 55 New financing authority (gross), detail: Spending authority from offsetting collections: Discretionary: Offsetting collections (cash): 68.00 Offsetting collections (cash) 7(a) loan program ............................................................. ................... ................... 68.00 Offsetting collections (cash) SBIC Participating Securities program ........................... ................... ................... 13,152 16,187 17,575 36,767 12,149 ¥16,463 31,739 10,488 ¥13,965 27,572 9,111 ¥5,338 ¥681 ¥33 ¥656 ¥34 ¥670 ¥35 Outstanding, end of year .......................................... 31,739 27,572 30,640 73.20 Memorandum: 2299 Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 23,280 20,679 22,459 74.99 87.00 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Disbursements of new guaranteed loans ...................... Repayments and prepayments ...................................... Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... 2264 Other adjustments, net ............................................. 2210 2231 2251 2290 Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 2331 Disbursements for guaranteed loan claims ............. 2351 Repayments of loans receivable ............................... 2361 Write-offs of loans receivable ................................... VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 2002 est. 68.90 753 681 ¥204 ¥236 PO 00000 817 656 ¥210 ¥118 Frm 00006 1,011 670 ¥214 ¥61 Fmt 3616 Spending authority from offsetting collections (total discretionary) ..................................... ................... ................... Change in unpaid obligations: Total financing disbursements (gross) ......................... ................... ................... Unpaid obligations, end of year: 74.40 Unpaid obligations, end of year ............................... ................... ................... 47 8 55 ¥55 ¥55 Obligated balance, end of year ............................ ................... ................... Total financing disbursements (gross) ......................... ................... ................... ¥55 55 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: Non-Federal sources: 88.40 Fees from 7(a) loan program ........................... ................... ................... ¥47 Sfmt 3643 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA SMALL BUSINESS ADMINISTRATION 88.40 Fees from SBIC Participating Securities .......... ................... ................... ¥8 88.90 Total, offsetting collections (cash) .................. ................... ................... ¥55 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ ................... ................... ................... Financing disbursements ............................................... ................... ................... ................... f BUSINESS LOAN FUND LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) 2000 actual Identification code 73–4154–0–3–376 2001 est. 2002 est. 00.01 00.03 00.05 Obligations by program activity: Interest Expense to Treasury ......................................... Msc. program expenses ................................................. Guaranteed loan default claims .................................... 31 492 26 25 120 100 20 150 65 10.00 Total new obligations ................................................ 549 245 235 571 ................... ................... ¥1 ................... ................... ¥126 ¥535 ¥74 ¥35 ¥22 ¥18 23.90 23.95 24.40 734 245 235 ¥549 ¥245 ¥235 185 ................... ................... 126 199 185 ................... 617 327 New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 199 617 327 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 653 679 449 72.99 73.10 73.20 73.45 74.40 Obligated balance, start of year .......................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. Unpaid obligations, end of year: Unpaid obligations, end of year ............................... 74.99 86.97 653 679 449 549 245 235 48 ¥475 ¥262 ¥571 ................... ................... 679 449 422 Obligated balance, end of year ............................ 679 449 Outlays (gross), detail: Outlays from new mandatory authority ......................... ¥48 475 262 Total, offsetting collections (cash) .................. Business Loan Fund, Direct Loans Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 1232 Disbursements: Purchase of loans assets from the public ......................................................................... Repayments: 1251 Repayments and prepayments .................................. 1252 Proceeds from loan asset sales to the public or discounted ............................................................. 1262 Adjustments: Discount on loan asset sales to the public or discounted ................................................. 1263 Write-offs for default: Direct loans ............................... 16:28 Mar 25, 2001 Jkt 188677 2001 est. 2002 est. 555 326 149 20 22 18 ¥126 ¥119 ¥39 ¥39 ¥24 ¥24 ¥36 ¥48 ¥15 ................... ¥41 ¥13 Outstanding, end of year .......................................... 326 149 91 Small Business Investment Company, Direct Loans Section 503 Development Company, Direct Loans Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. Repayments: 1251 Repayments and prepayments .................................. 1252 Proceeds from loan asset sales to the public or discounted ............................................................. 193 159 137 ¥20 ¥13 ¥15 ¥14 ¥9 ¥5 159 137 117 1290 Outstanding, end of year .......................................... Status of Guaranteed Loans (in millions of dollars) 2000 actual Identification code 73–4154–0–3–376 Business Loan Fund, Loan Guarantees Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 2231 Disbursements of new guaranteed loans ...................... 2251 Repayments and prepayments ...................................... Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... 2264 Other adjustments, net ............................................. 2001 est. 2,652 1 ¥614 2002 est. 2,010 1,578 1 ................... ¥399 ¥313 ¥26 ¥3 ¥28 ¥6 ¥22 ¥5 2290 Outstanding, end of year .......................................... 2,010 1,578 1,238 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 1,766 1,442 1,127 Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 2331 Disbursements for guaranteed loan claims ............. 2361 Write-offs of loans receivable ................................... 2364 Other adjustments, net ............................................. 1,378 26 ¥9 ¥75 2390 1,320 1,320 1,242 28 22 ¥6 ................... ¥100 ................... ¥70 ¥15 ¥9 ¥3 ¥80 ¥20 ¥25 ¥2 ¥65 ¥15 ¥20 ¥1 ¥4 ¥50 ¥25 ¥1 ¥8 ¥7 ¥10 ¥2 ¥6 ¥7 ¥51 ¥25 ¥5 ¥35 ¥10 ¥22 ¥7 ¥20 As required by the Federal Credit Reform Act of 1990, as amended, this account records, for this program, all cash flows to and from the Government resulting from direct loans obligated and loan guarantees committed prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year) is recorded in corresponding program and financing accounts. ¥3 ¥39 ¥316 ¥24 ¥117 ¥24 Statement of Operations (in millions of dollars) ¥199 ¥617 ¥327 Net budget authority and outlays: 89.00 Budget authority ............................................................ ................... ................... ................... 90.00 Outlays ........................................................................... ¥247 ¥142 ¥65 VerDate 11-MAY-2000 2000 actual Identification code 73–4154–0–3–376 422 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: Loan repayments: Non-Federal sources: 88.40 Financing programs-principal ..................... 88.40 Investment programs-principal ................... 88.40 Interest Income-Business ............................ 88.40 Interest income-Investment ......................... 88.40 Net changes in Receivables from the Public Business ............................................. 88.40 Net changes in Receivables from the public-Investment .......................................... 88.40 Sale of acquired collateral-business ........... 88.40 Principal collections on judgements, notes,and other receivables-Business .... 88.40 Principal collections on judgements and other receivables-Investment .................. 88.40 collection on FFB loans ............................... 88.40 Other Income-both Business and Investment ........................................................ 88.40 Asset sale proceeds ..................................... 88.90 Status of Direct Loans (in millions of dollars) 1290 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ 22.10 Resources available from recoveries of prior year obligations ....................................................................... 22.21 Transferred to other accounts ....................................... 22.40 Capital transfer to general fund ................................... 22.60 Portion applied to repay debt ........................................ Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... 1095 Federal Funds—Continued PO 00000 Frm 00007 Fmt 3616 Outstanding, end of year ...................................... 1,242 1999 actual 2000 actual 0101 0102 Revenue ................................................... Expense .................................................... 151 –73 107 –68 95 –60 65 –30 0105 Net income or loss (–) ............................ 78 39 35 35 Identification code 73–4154–0–3–376 Sfmt 3633 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA 2001 est. 1,264 2002 est. 1096 THE BUDGET FOR FISCAL YEAR 2002 Federal Funds—Continued 0102 Credit accounts—Continued BUSINESS LOAN FUND LIQUIDATING ACCOUNT—Continued Disaster loans program, downward reestimates of subsidies ................................................................... Balance Sheet (in millions of dollars) ASSETS: Federal assets: 1101 Fund balances with Treasury ............. Investments in US securities: 1104 Agency securities, par .................... 1107 Advances and prepayments ........... Non-Federal assets: 1206 Receivables, net .................................. 1207 Advances and prepayments ................ Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross .............................. 1603 Allowance for estimated uncollectible loans and interest (–) .................... 1699 1901 Value of assets related to direct loans .......................................... Other Federal assets: Other assets ........ 1999 Total assets ........................................ LIABILITIES: Federal liabilities: 2101 Accounts payable ................................ 2102 Interest payable .................................. 2103 Debt to the FFB .................................. 2105 Other Liabilities .................................. Non-Federal liabilities: 2201 Accounts payable ................................ 2204 Liabilities for loan guarantees ........... 2207 Other Liabilities .................................. 384 ................... Program and Financing (in millions of dollars) 1999 actual Identification code 73–4154–0–3–376 516 2000 actual 2001 est. 2002 est. 779 920 750 520 00.01 00.09 245 6 418 3 113 4 90 1 00.91 08.03 214 8 913 8 310 5 209 2 10.00 Total new obligations ................................................ 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 748 484 286 208 –303 –73 –50 –35 445 21 411 115 236 84 173 30 1,718 2,788 1,502 1,025 1,123 57 193 .................. 48 96 159 1,459 35 67 137 815 20 46 97 535 13 18 313 108 13 905 54 19 375 35 11 281 2000 actual Identification code 73–1152–0–1–453 23.90 23.95 24.40 Obligations by program activity: Direct loan subsidy ........................................................ Administrative expense .................................................. 2001 est. 2002 est. 174 135 144 133 33 81 Direct Program by Activities—Subtotal .................... 309 Gainsharing to Salaries and Expenses ......................... ................... 277 3 114 3 309 280 117 81 317 122 187 39 78 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... 33 10 ................... 431 ¥309 122 319 117 ¥280 ¥117 39 ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 317 68.00 Spending authority from offsetting collections: Offsetting collections (cash) .............................................. ................... 184 75 3 3 70.00 Total new budget authority (gross) .......................... 317 187 78 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 41 31 32 74.40 Total liabilities .................................... 1,717 2,788 1,502 1,025 4999 Total liabilities and net position ............ 1,717 2,788 1,502 1,025 Obligated balance, start of year .......................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Recoveries of prior year obligations .............................. Unpaid obligations, end of year: Unpaid obligations, end of year ............................... 31 32 35 74.99 Obligated balance, end of year ............................ 31 32 35 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 192 114 145 124 61 52 87.00 2999 72.99 73.10 73.20 73.40 73.45 Total outlays (gross) ................................................. 306 269 113 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources ................... ¥3 ¥3 184 266 75 110 Object Classification (in millions of dollars) 2000 actual Identification code 73–4154–0–3–376 2001 est. 2002 est. 42.0 43.0 Insurance claims and indemnities ................................ Interest and dividends ................................................... 518 31 230 15 215 20 99.9 Total new obligations ................................................ 549 245 235 f DISASTER LOANS PROGRAM ACCOUNT øFor the cost of direct loans authorized by section 7(b) of the Small Business Act, as amended, $76,140,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974, as amended.¿ øIn addition, for¿ For administrative expenses to carry out the direct loan program, ø$108,354,000¿ $75,354,000, which may be transferred to and merged with appropriations for Salaries and Expenses, of which $500,000 is for the Office of Inspector General of the Small Business Administration for audits and reviews of disaster loans and the disaster loan program and shall be transferred to and merged with appropriations for the Office of Inspector General; of which ø$98,000,000¿ $65,000,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program; and of which $9,854,000 is for indirect administrative expensesø: Provided, That any amount in excess of $9,854,000 to be transferred to and merged with appropriations for Salaries and Expenses for indirect administrative expenses shall be treated as a reprogramming of funds under section 605 of this Act and shall not be available for obligation or expenditure except in compliance with the procedures set forth in that section¿. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106–553.) 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 41 31 32 309 280 117 ¥306 ¥269 ¥113 20 ................... ................... ¥33 ¥10 ................... 317 306 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2000 actual Identification code 73–1152–0–1–453 2001 est. 2002 est. Direct loan levels supportable by subsidy budget authority: 1150 Direct Disaster Loans .................................................... 783 827 225 1159 Total direct loan levels ............................................. Direct loan subsidy (in percent): 1320 Subsidy rate ................................................................... 783 827 225 22.20 17.46 14.67 1329 22.20 17.46 14.67 2000 actual Identification code 73–1152–0–1–453 0101 Disaster loans program, negative subsidies ................. ................... VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 PO 00000 2001 est. 174 ¥516 76 ................... ¥384 ................... 1339 Total subsidy budget authority ................................. Direct loan subsidy outlays: 1340 Disaster subsidy outlays ................................................ 1340 Subsidy outlays Downward Reestimates ....................... ¥342 ¥308 ................... 170 ¥516 156 33 ¥384 ................... 1349 General Fund Credit Receipt Accounts (in millions of dollars) Weighted average subsidy rate ................................. Direct loan subsidy budget authority: 1330 Disaster subsidy budget authority ................................ 1330 Subsidy budget authority Downward Reestimates ........ ¥346 ¥228 2002 est. Total subsidy outlays ................................................ 595 ................... Frm 00008 Fmt 3616 Sfmt 3643 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA 33 SMALL BUSINESS ADMINISTRATION 3510 3590 Administrative expense data: Budget authority ............................................................ Outlays from new authority ........................................... 161 136 108 108 75 75 As required by the Federal Credit Reform Act of 1990, as amended, this account records, for loans made pursuant to section 7(b) of the Small Business Act, as amended, the subsidy costs associated with the direct loans obligated in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. Disaster loans made pursuant to Section 7(b) of the Small Business Act are the primary form of Federal assistance for non-farm, private sector disaster losses. For this reason, the program is the only form of SBA assistance not limited to small businesses. Through this program, SBA helps homeowners, renters, businesses of all sizes, and non-profit organizations pay for the cost of rebuilding. Pursuant to the Small Business Act, the government subsidizes borrowers who have incurred uninsured losses or economic injury as the result of a natural disaster. For 2002, SBA will rely on anticipated carry-over balances from 2001 to support $300 million in loans. The subsidy rate associated with these loans reflects a proposal to increase the interest rate on loans made to businesses equal to the Treasury cost of funds. The current services subsidy rate is 14.67 percent but will be reduced to 10.95 percent as a result of this proposed rate increase. Object Classification (in millions of dollars) 2000 actual Identification code 73–1152–0–1–453 2001 est. 2002 est. 25.2 41.0 Other services ................................................................ Grants, subsidies, and contributions ............................ 135 174 133 147 81 36 99.9 Total new obligations ................................................ 309 280 117 00.91 08.01 08.02 08.03 08.04 08.06 2000 actual 2001 est. Direct loan levels supportable by subsidy budget authority: 1150 Direct Disaster Loans .................................................... ................... ................... 75 1159 75 Total direct loan levels ............................................. ................... ................... Direct loan subsidy (in percent): 1320 Subsidy rate ................................................................... ................... ................... ¥3.72 1329 ¥3.72 Weighted average subsidy rate ................................. ................... ................... The Budget proposes to raise the borrower interest rate for business disaster loans to the Treasury cost of borrowing. It is estimated the policy would increase the borrower interest rate from nearly 4 percent to 5.5 percent in 2002. The policy is intended to encourage businesses to undertake disaster mitigation projects. 628 1,309 78 2,642 973 5,122 2,503 4,564 ................... 2,888 2,398 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... Resources available from recoveries of prior year obligations ....................................................................... 22.60 Portion applied to repay debt ........................................ 21.40 22.00 22.10 23.90 23.95 24.40 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... New financing authority (gross), detail: Mandatory: 67.15 Authority to borrow (indefinite) ................................. Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in receivables from program account 00.01 00.02 Obligations by program activity: Direct loans .................................................................... Interest on Treasury borrowing ...................................... VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 1,087 579 PO 00000 60 ................... ................... ¥827 ¥4,810 ¥1,425 6,858 2,642 973 ¥2,294 ¥2,642 ¥973 4,564 ................... ................... 879 683 268 1,602 22 2,185 2,130 20 ................... Spending authority from offsetting collections (total discretionary) ..................................... 1,624 2,205 2,130 Total new financing authority (gross) ...................... 2,503 2,888 2,398 Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. 72.95 Uncollected customer payments from program account, start of year ............................................... 764 869 1,250 ¥339 ¥361 ¥381 68.90 70.00 72.99 73.10 73.20 73.45 74.00 Obligated balance, start of year .......................... Total new obligations .................................................... Total financing disbursements (gross) ......................... Recoveries of prior year obligations .............................. Change in uncollected customer payments from Federal sources ............................................................... Unpaid obligations, end of year: Unpaid obligations, end of year ............................... Uncollected customer payments from program account, end of year ................................................ Obligated balance, end of year ............................ Total financing disbursements (gross) ......................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... 88.25 Interest on uninvested funds ............................... Non-Federal sources: 88.40 Repayments of principal, net ........................... 88.40 Collection of misc. receivables ........................ 88.40 Interest received on loans ................................ 88.40 Proceeds from loan sales ................................. 88.90 88.95 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... 425 508 869 2,294 2,642 973 ¥2,129 ¥2,261 ¥1,570 ¥60 ................... ................... ¥22 ¥20 ................... 869 1,250 653 ¥361 ¥381 ¥381 508 2,129 869 2,261 272 1,570 ¥170 ¥104 ¥156 ¥127 ¥33 ¥129 ¥368 ¥180 ¥311 ¥469 ¥289 ¥156 ¥170 ¥1,287 ¥291 ¥205 ¥562 ¥910 ¥1,602 ¥2,185 ¥2,130 ¥22 879 527 ¥20 ................... 683 76 268 ¥560 Status of Direct Loans (in millions of dollars) Program and Financing (in millions of dollars) 2000 actual 102 ................... 3 3 2,294 DISASTER DIRECT LOAN FINANCING ACCOUNT Identification code 73–4150–0–3–453 75 Total new obligations ................................................ 74.99 87.00 2002 est. 327 Direct Program by Activities—Subtotal .................... (Legislative proposal, not subject to PAYGO) Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 1,333 895 595 ................... 282 ................... 10.00 74.40 74.95 DISASTER LOANS PROGRAM ACCOUNT Direct Program by Activities—Subtotal .................... 1,666 Negative subsidy from loan asset sales ....................... ................... Payment of downward reestimate to receipt account 398 Payment to liquidating account to purchase loan assets (73 4153) .......................................................... 112 Payment of interest on downward reestimates to receipt account ............................................................. 118 Gainsharing .................................................................... ................... 08.91 f Identification code 73–1152–2–1–453 1097 Federal Funds—Continued 2000 actual Identification code 73–4150–0–3–453 2001 est. 827 506 Frm 00009 2002 est. 300 595 Fmt 3616 2001 est. 2002 est. Position with respect to appropriations act limitation on obligations: 1131 Direct loan obligations exempt from limitation ............ 221 951 300 1150 221 951 300 Sfmt 3643 Total direct loan obligations ..................................... E:\BUDGET\SBA.XXX pfrm02 PsN: SBA 1098 THE BUDGET FOR FISCAL YEAR 2002 Federal Funds—Continued Change in unpaid obligations: Unpaid obligations, start of year: 72.40 Unpaid obligations, start of year .............................. Credit accounts—Continued DISASTER DIRECT LOAN FINANCING ACCOUNT—Continued Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Disbursements: 1231 Direct loan disbursements ........................................ 1233 Purchase of loans assets from a liquidating account ..................................................................... Repayments: 1251 Repayments and prepayments .................................. 1252 Proceeds from loan asset sales to the public or discounted ............................................................. 1262 Adjustments: Discount on loan asset sales to the public or discounted ................................................. 1263 Write-offs for default: Direct loans ............................... 1210 1290 Outstanding, end of year .......................................... 2001 est. 2002 est. 5,658 5,212 783 164 95 ¥488 ¥262 ¥960 ¥649 ¥98 ¥609 ¥40 5,212 4,190 3,090 50 60 22 Obligated balance, end of year ............................ 50 60 22 Outlays (gross), detail: Outlays from new mandatory authority ......................... 52 273 Outlays from mandatory balances ................................ ................... ................... 103 60 ¥815 ¥455 ¥88 60 125 ¥163 ¥121 ¥357 50 283 ¥273 390 112 60 52 50 ¥52 72.99 73.10 73.20 4,190 830 50 Obligated balance, start of year .......................... Total new obligations .................................................... Total outlays (gross) ...................................................... Unpaid obligations, end of year: Unpaid obligations, end of year ............................... 74.99 2000 actual Identification code 73–4150–0–3–453 52 74.40 Status of Direct Loans (in millions of dollars)—Continued 86.97 86.98 87.00 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. Total outlays (gross) ................................................. 52 273 163 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: Non-Federal sources: 88.40 Asset Sale Proceeds ......................................... 88.40 Loan repayments .............................................. 88.40 Interest income ................................................. 88.40 Other income .................................................... ¥112 ¥134 ¥43 ¥1 ¥327 ¥3 ¥2 ¥1 ¥75 ¥3 ¥27 ¥20 88.90 ¥290 ¥333 ¥125 89.00 90.00 Total, offsetting collections (cash) .................. Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ¥238 ¥60 38 Status of Direct Loans (in millions of dollars) Balance Sheet (in millions of dollars) 1999 actual Identification code 73–4150–0–3–453 ASSETS: Federal assets: 1101 Fund balances with Treasury ............. Investments in US securities: Receivables, net: 1106 Program account ........................ 1106 Interest/Accounts Receivables ... Net value of assets related to post– 1991 direct loans receivable: 1401 Direct loans receivable, gross ............ 1405 Allowance for subsidy cost (–) ........... 1499 Net present value of assets related to direct loans ........................... 1999 2000 actual 2001 est. 2002 est. Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Repayments: 1251 Repayments and prepayments .................................. 1252 Proceeds from loan asset sales to the public or discounted ............................................................. 1262 Adjustments: Discount on loan asset sales to the public or discounted ................................................. 1263 Write-offs for default: Direct loans ............................... 1210 .................. 5,072 5,173 3,259 41 5,761 607 487 33 496 40 506 5,658 –1,439 5,212 –931 4,190 –947 3,090 –651 4,219 4,281 3,243 2,439 Total assets ........................................ LIABILITIES: 2104 Federal liabilities: Resources payable to Treasury ............................................... 10,021 10,447 8,945 6,244 10,021 10,447 8,945 6,244 2999 10,021 10,447 8,945 6,244 Total liabilities .................................... 2000 actual Identification code 73–4153–0–3–453 f 1290 Outstanding, end of year .......................................... 2001 est. 2002 est. 1,067 685 131 ¥134 ¥6 ¥2 ¥112 ¥327 ¥75 ¥134 ¥2 ¥220 ¥1 ¥25 ¥1 685 131 28 As required by the Federal Credit Reform Act of 1990, as amended, this account records, for this program, all cash flows to and from the Government resulting from direct loans obligated prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year) is recorded in corresponding program and financing accounts. Statement of Operations (in millions of dollars) DISASTER LOAN FUND LIQUIDATING ACCOUNT 2001 est. 2002 est. Obligations by program activity: 01.01 Interest expense to Treasury .......................................... 01.03 Other expenses ............................................................... 44 6 35 248 10.00 50 283 125 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority from offsetting collections (gross) ....................................................................... 22.40 Capital transfer to general fund ................................... 21.40 22.00 23.90 23.95 24.40 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 2001 est. 2002 est. 0101 0102 Revenue ................................................... Expense .................................................... 52 –53 54 –44 66 –52 65 –57 Net income or loss (–) ............................ –1 10 14 8 30 95 Total new obligations ................................................ 2000 actual 0105 2000 actual Identification code 73–4153–0–3–453 1999 actual Identification code 73–4153–0–3–453 Program and Financing (in millions of dollars) 174 240 ................... 290 ¥174 333 125 ¥290 ................... 290 283 125 ¥50 ¥283 ¥125 240 ................... ................... 290 PO 00000 333 Frm 00010 125 Fmt 3616 Balance Sheet (in millions of dollars) 1999 actual Identification code 73–4153–0–3–453 ASSETS: 1101 Federal assets: Fund balances with Treasury ............................................... 1206 Non-Federal assets: Receivables, net ..... Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross .............................. 1603 Allowance for estimated uncollectible loans and interest (–) .................... 1699 Sfmt 3633 Value of assets related to direct loans .......................................... E:\BUDGET\SBA.XXX pfrm02 2000 actual 226 59 290 101 133 5 65 1 1,067 685 131 29 –46 –47 –3 –1 1,021 638 128 28 PsN: SBA 2001 est. 2002 est. SMALL BUSINESS ADMINISTRATION 1999 1099 Federal Funds—Continued Total assets ........................................ LIABILITIES: 2102 Federal liabilities: Interest payable ........ 2201 Non-Federal liabilities: Accounts payable 1,306 1,029 266 94 52 1,254 39 990 35 231 5 89 2999 Total liabilities .................................... 1,306 1,029 266 94 4999 Total liabilities and net position ............ 1,306 1,029 266 94 Public Law 94–305 established this fund to alleviate the adverse impact of pollution regulations on small businesses. As a result of the elimination of tax exempt financing associated with the Pollution Control Guaranteed program, no new activity is anticipated for this program. Statement of Operations (in millions of dollars) Object Classification (in millions of dollars) Identification code 73–4153–0–3–453 1999 actual 2000 actual 2001 est. 2002 est. 0101 0102 Revenue ................................................... Expense .................................................... 4 –3 .................. 1 .................. –1 .................. –1 0105 Net income or loss (–) ............................ 1 1 –1 –1 Identification code 73–4147–0–3–376 2000 actual 2001 est. 2002 est. 25.2 43.0 Other services ................................................................ Interest and dividends ................................................... 6 44 248 35 95 30 99.9 Total new obligations ................................................ 50 283 125 Balance Sheet (in millions of dollars) f 1999 actual Identification code 73–4147–0–3–376 POLLUTION CONTROL EQUIPMENT FUND LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) 2000 actual Identification code 73–4147–0–3–376 2001 est. 2002 est. 00.01 Obligations by program activity: Direct program ............................................................... 1 3 2 10.00 Total new obligations (object class 42.0) ................ 1 3 2000 actual 2001 est. 2002 est. 2 9 2 .................. 3 .................. 3 .................. 8 17 15 14 18 17 ASSETS: 1101 Federal assets: Fund balances with Treasury ............................................... 1206 Non-Federal assets: Receivables, net ..... 1701 Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: Defaulted guaranteed loans, gross ................................................... 2 1999 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ 22.40 Capital transfer to general fund ................................... 2 3 ¥2 23.90 23.95 24.40 3 3 2 ¥1 ¥3 ¥2 2 ................... ................... Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance carried forward, end of year ....... New budget authority (gross), detail: Mandatory: 67.15 Authority to borrow (indefinite) ................................. 2 ................... 3 2 ¥2 ................... 3 3 3 3 19 –29 19 –21 –18 2999 –29 19 –21 –18 48 .................. 39 36 Total liabilities .................................... NET POSITION: 3300 Cumulative results of operations ............ 3999 Total net position ................................ 48 .................. 39 36 Total liabilities and net position ............ 19 19 18 18 2 2 f ADMINISTRATIVE PROVISION—SMALL BUSINESS ADMINISTRATION Change in unpaid obligations: Total new obligations .................................................... Total outlays (gross) ...................................................... 1 ¥3 3 ¥3 2 ¥2 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 3 3 2 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 3 1 3 3 2 2 Status of Guaranteed Loans (in millions of dollars) 2000 actual Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... 2263 Terminations for default that result in claim payments .................................................................... 19 4999 73.10 73.20 Identification code 73–4147–0–3–376 Total assets ........................................ LIABILITIES: 2104 Federal liabilities: Resources payable to Treasury ............................................... 2001 est. 2002 est. Not to exceed 5 percent of any appropriation made available for the current fiscal year for the Small Business Administration in this Act may be transferred between such appropriations, but no such appropriation shall be increased by more than 10 percent by any such transfers: Provided, That any transfer pursuant to this paragraph shall be treated as a reprogramming of funds under section 605 of this Act and shall not be available for obligation or expenditure except in compliance with the procedures set forth in that section. (Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2001, as enacted by section 1(a)(2) of P.L. 106–553.) øSEC. 212. For an additional amount for ‘‘Small Business Administration, Salaries and Expenses’’ $1,000,000 shall be made available only for a grant to the National Museum of Jazz in New York, New York.¿ (Division A, Miscellaneous Appropriations Act, 2001, as enacted by section 1(a)(4) of P.L. 106–554.) 46 39 31 ¥1 ¥1 ¥1 f ¥6 ¥7 ¥5 GENERAL FUND RECEIPT ACCOUNTS Outstanding, end of year .......................................... 39 31 25 Memorandum: 2299 Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 35 24 19 2290 (in millions of dollars) 2000 actual Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 2331 Disbursements for guaranteed loan claims ............. 48 1 49 1 50 1 Offsetting receipts from the public: 73–272110 Disaster loan program, negative subsidies ..... ................... 73–272130 Disaster loan program, Downward reestimates of subsidies ........................................................................ 516 73–272210 Business loan program, negative subsidies ................... 73–272230 Business loan program, Downward reestimates of subsidies ............................................................. 284 2390 49 50 51 General Fund Offsetting receipts from the public ..................... Outstanding, end of year ...................................... VerDate 11-MAY-2000 16:28 Mar 25, 2001 Jkt 188677 PO 00000 Frm 00011 Fmt 3616 Sfmt 3643 E:\BUDGET\SBA.XXX pfrm02 PsN: SBA 800 2001 est. 2002 est. 595 ................... 384 ................... 27 ................... 722 ................... 1,728 ...................