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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
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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

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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) .................................................

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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,

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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 ..............................

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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

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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.

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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

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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 ................................................

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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

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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

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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

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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) .....................................

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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 ......................................

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16:28 Mar 25, 2001

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E:\BUDGET\SBA.XXX

pfrm02

PsN: SBA

800

2001 est.

2002 est.

595 ...................
384 ...................
27 ...................
722 ...................
1,728 ...................