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SMALL BUSINESS ADMINISTRATION For 2007, the Budget requests $624 million in new budget authority for the Small Business Administration (SBA). SBA’s continuing operations will provide more than $28 billion in new loans to small businesses, funding for non-credit programs, and funding for the disaster loan program. f Federal Funds General and special funds: SALARIES AND Unobligated balance carried forward, end of year 349 84 78 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 362 40.33 Appropriation permanently reduced (P.L. 109–148) ................... 40.35 Appropriation permanently reduced .......................... ¥5 40.36 Unobligated balance permanently reduced .............. ................... 404 297 ¥4 ................... ¥1 ................... ¥3 ¥6 43.00 396 291 139 186 151 114 Appropriation (total discretionary) ........................ 357 Spending authority from offsetting collections: Offsetting collections (cash) ................................ 677 Offsetting collections (cash) ................................ ................... 68.00 68.00 EXPENSES For necessary expenses, not otherwise provided for, of the Small Business Administration as authorized by Public Law ø108–447¿ 109–108, including hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and 1344, and not to exceed $3,500 for official reception and representation expenses, ø$313,029,000¿ $303,550,000: Provided, That the Administrator is authorized to charge fees to cover the cost of publications developed by the Small Business Administration, and certain loan øservicing¿ program activities, including fees authorized by section 5(b) of the Small Business Act: Provided further, That, notwithstanding 31 U.S.C. 3302, revenues received from all such activities shall be credited to this account, to øbe¿ remain available until expended, for carrying out these purposes without further appropriations: Provided further, That the sum herein appropriated from the general fund shall be reduced up to the amount of $7,000,000, as the fees assessed and collected under the authority of section 5(b)(12)(E) of the Small Business Act are received, and any fees received in excess of $7,000,000 shall be available until expended: Provided further, That ø$89,000,000¿ $87,120,000 shall be available to fund grants for performance in fiscal year ø2006¿ 2007 or fiscal year ø2007¿ 2008 as authorized: Provided further, That the Small Business Administration is authorized to award grants under the Women’s Business Center Sustainability Pilot Program established by section 4(a) of Public Law 106–165 (15 U.S.C. 656(l): øProvided further, That, of the amounts provided for Women’s Business Centers, not less than 41 percent shall be available to continue Women’s Business Centers in sustainability status¿. 68.90 Spending authority from offsetting collections (total discretionary) .......................................... 677 325 265 70.00 Total new budget authority (gross) .......................... 1,034 721 556 72.40 73.10 73.20 73.40 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 303 214 174 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 520 165 543 532 428 174 87.00 Total outlays (gross) ................................................. 685 1,075 602 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Payments from business loan program account ¥125 ¥124 88.00 Payments from disaster loan program account ¥539 ¥186 88.00 Federal sources ..................................................... ¥10 ¥12 88.00 Business Loan Fees .............................................. ................... ................... 88.40 Non-Federal sources ............................................. ¥3 ¥3 ¥126 ¥114 ¥11 ¥7 ¥7 287 303 214 726 986 562 ¥685 ¥1,075 ¥602 ¥23 ................... ................... ¥2 ................... ................... (RESCISSION) 88.90 Total, offsetting collections (cash) ....................... ¥677 ¥325 ¥265 Of the unobligated balances available under this heading, ø$3,000,000¿ $6,100,000 are rescinded. (Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006.) 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 357 8 396 750 291 337 Program and Financing (in millions of dollars) Identification code 73–0100–0–1–376 cprice-sewell on PROD1PC66 with BUDGET PAG 24.40 2005 actual 2006 est. 2007 est. 00.01 00.02 00.03 00.04 00.05 00.06 00.07 00.08 00.09 00.10 00.12 09.00 Obligations by program activity: Executive Direction ......................................................... Capital Access ............................................................... Gov. Contracting/ Bus. Development ............................. Entrepreneurial Development ......................................... Management & Adminstration ....................................... Office of Chief Information Officer ................................ Regional & District Offices ............................................ Agency Wide Costs ......................................................... Non Credit Programs ..................................................... Congressional Initiatives ............................................... Disaster .......................................................................... Reimbursable program .................................................. 42 41 19 6 15 25 124 48 135 39 223 9 42 42 41 44 19 21 6 8 15 18 26 32 124 127 47 48 127 106 90 ................... 437 105 12 11 10.00 Total new obligations ................................................ 726 986 562 40 1,034 349 721 84 556 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 ....................................................................... 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. VerDate Aug 31 2005 12:38 Jan 26, 2006 Jkt 206762 2 ................... ................... 1,076 1,070 640 ¥726 ¥986 ¥562 ¥1 ................... ................... PO 00000 Frm 00001 Fmt 3616 The appropriation for this account is necessary to cover the administrative expenses for SBA headquarters and the field and for non-credit programs. Appropriations for the administration of the Disaster direct loan and business loan programs are merged with this account. In addition, this account funds technical assistance grant programs. Object Classification (in millions of dollars) Identification code 73–0100–0–1–376 11.1 11.3 11.5 2005 actual Direct obligations: Personnel compensation: Full-time permanent ............................................. Other than full-time permanent ........................... Other personnel compensation ............................. 11.9 12.1 21.0 23.1 23.3 24.0 25.2 25.3 Sfmt 3643 Total personnel compensation .............................. Civilian personnel benefits ....................................... Travel and transportation of persons ....................... Rental payments to GSA ........................................... Communications, utilities, and miscellaneous charges ................................................................. Printing and reproduction ......................................... Other services ............................................................ Other purchases of goods and services from Government accounts (Disaster Administrative Expenses) .................................................................. E:\BUDGET\SBA.XXX SBA 2006 est. 2007 est. 166 11 3 161 10 3 170 10 3 180 54 4 32 174 47 5 35 183 47 5 35 5 1 39 6 1 44 7 1 51 223 437 105 1091 1092 THE BUDGET FOR FISCAL YEAR 2007 Federal Funds—Continued 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 13 1 16 1 14 2 87.00 Total outlays (gross) ................................................. 14 17 16 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Payments from disaster loan program account ............................ ¥1 ¥2 ¥1 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 13 13 19 15 14 15 General and special funds—Continued SALARIES EXPENSES—Continued AND (RESCISSION)—Continued Object Classification (in millions of dollars)—Continued Identification code 73–0100–0–1–376 2005 actual 2006 est. 2007 est. 26.0 31.0 41.0 Supplies and materials ............................................. Equipment ................................................................. Grants, subsidies, and contributions ........................ 2 3 174 3 5 217 4 7 106 99.0 99.0 Direct obligations .................................................. Reimbursable obligations .............................................. 717 9 974 12 551 11 99.9 Total new obligations ................................................ 726 986 562 Personnel Summary Identification code 73–0100–0–1–376 2005 actual Direct: Civilian full-time equivalent employment ..................... Reimbursable: 2001 Civilian full-time equivalent employment ..................... 1001 2006 est. 2007 est. 4,030 5,122 2,860 11 11 8 OF INSPECTOR GENERAL For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, ø$13,900,000¿ $14,355,000. (Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006.) øFor an additional amount for the ‘‘Office of Inspector General’’ for necessary expenses related to the consequences of hurricanes in the Gulf of Mexico in calendar year 2005, $5,000,000, to remain available until expended: Provided, That the amount provided under this heading is designated as an emergency requirement pursuant to section 402 of H. Con. Res. 95 (109th Congress), the concurrent resolution on the budget for fiscal year 2006.¿ (Emergency Supplemental Appropriations Act to Address Hurricanes in the Gulf of Mexico and Pandemic Influenza, 2006.) 2005 actual Obligations by program activity: 00.01 Audit ............................................................................... 00.02 Investigations ................................................................. 00.03 Management Policy ........................................................ 00.04 General Office/Legal Counsel ........................................ 10.00 21.40 22.00 23.90 23.95 24.40 13 17 15 Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... ................... New budget authority (gross) ........................................ 14 21 4 15 14 ¥13 21 ¥17 19 ¥15 Unobligated balance carried forward, end of year ................... 4 4 14 43.00 68.00 Appropriation (total discretionary) ........................ Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 13 1 2 1 70.00 Total new budget authority (gross) .......................... 14 21 15 Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total outlays (gross) ...................................................... 74.40 Obligated balance, end of year ................................ VerDate Aug 31 2005 12:38 Jan 26, 2006 Jkt 206762 14 2 13 ¥14 2 17 ¥17 2 15 ¥16 2 2 1 Frm 00002 Fmt 3616 PO 00000 2007 est. 11.1 11.5 8 1 9 1 9 1 11.9 12.1 25.2 Total personnel compensation .............................. Civilian personnel benefits ....................................... Other services ............................................................ 9 2 1 10 2 4 10 2 2 99.0 99.0 Direct obligations .................................................. Reimbursable obligations .............................................. 12 1 16 1 14 1 99.9 Total new obligations ................................................ 13 17 15 Personnel Summary Identification code 73–0200–0–1–376 2005 actual 95 2006 est. 2007 est. 107 107 Public enterprise funds: SURETY BOND GUARANTEES REVOLVING FUND For additional capital for the Surety Bond Guarantees Revolving Fund, authorized by the Small Business Investment Act of 1958, as amended, ø$2,861,000¿ $2,970,000, to remain available until expended. (Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006.) Program and Financing (in millions of dollars) Identification code 73–4156–0–3–376 2005 actual 2006 est. 2007 est. 09.01 Obligations by program activity: Reimbursable obligations .............................................. 8 10 10 10.00 Total new obligations (object class 42.0) ................ 8 10 10 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 22 9 23 8 21 9 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 31 ¥8 31 ¥10 30 ¥10 24.40 Unobligated balance carried forward, end of year 23 21 20 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 68.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... 3 3 3 6 5 6 70.00 9 8 9 14 5 ................... 19 2006 est. f 6 7 1 1 Total budgetary resources available for obligation Total new obligations .................................................... 2005 actual Direct obligations: Personnel compensation: Full-time permanent ............................................. Other personnel compensation ............................. 2007 est. 7 8 1 1 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 13 40.30 Appropriations adjusted pursuant to PL 109–148 (+) ......................................................................... ................... cprice-sewell on PROD1PC66 with BUDGET PAG 2006 est. 5 6 1 1 Total new obligations ................................................ Object Classification (in millions of dollars) Direct: 1001 Civilian full-time equivalent employment ..................... Program and Financing (in millions of dollars) Identification code 73–0200–0–1–376 The Budget proposes $14.3 million in new budget authority and $0.5 million transferred from the Disaster Loans Program account for a total of $14.9 million for the Office of Inspector General (OIG) for 2007. This appropriation provides funds for agency-wide audit, investigative, and related functions to promote economy and efficiency in agency operations and to prevent and detect waste, fraud, and abuse. Identification code 73–0200–0–1–376 f OFFICE 89.00 90.00 Sfmt 3643 Total new budget authority (gross) .......................... E:\BUDGET\SBA.XXX SBA SMALL BUSINESS ADMINISTRATION 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 1 8 ¥7 2 10 ¥9 3 10 ¥10 74.40 Obligated balance, end of year ................................ 2 3 3 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 6 1 8 1 9 1 (RESCISSION) 87.00 Total outlays (gross) ................................................. 7 9 10 Of the unobligated balances available under this heading, ø$4,000,000¿ $5,000,000 are rescinded. (Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006.) Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. ¥6 ¥5 ¥6 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 3 1 3 4 3 4 89.00 90.00 Balance Sheet (in millions of dollars) Identification code 73–4156–0–3–376 2004 actual 2005 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ......................................... Investments in US securities: 1106 Receivables, net ............................................................... 23 25 5 4 1999 Total assets ...................................................................... LIABILITIES: 2201 Non-Federal liabilities: Accounts payable ...................... 28 2999 Total liabilities ................................................................. NET POSITION: 3100 Appropriated capital ........................................................ 3300 Cumulative results of operations ................................... 2007 est. Obligations by program activity: Direct loan subsidy ........................................................ 2 1 ................... Guaranteed loan subsidy ............................................... 3 ................... ................... Reestimate of direct loan .............................................. ................... 12 ................... Interest on direct loan reestimation .............................. ................... 14 ................... Reestimate of loan guarantee subsidy ......................... 1,357 329 ................... Interest on reestimates of loan guarantee subsidy 549 50 ................... Administrative expenses ................................................ 125 124 126 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 ....................................................................... 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 2,036 530 126 101 2,034 13 526 9 121 6 ................... ................... 2,141 539 130 ¥2,036 ¥530 ¥126 ¥92 ................... ................... 13 9 4 21 25 43.00 121 21 25 60.00 1 6 1 3 68.00 70.00 Total new budget authority (gross) .......................... 72.40 73.10 73.20 73.40 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 19 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 128 37 1,906 121 121 5 ................... 405 ................... 87.00 Total outlays (gross) ................................................. 2,071 531 4 4999 Total liabilities and net position ................................... 28 29 f Credit accounts: BUSINESS LOANS PROGRAM ACCOUNT (INCLUDING TRANSFERS OF FUNDS) øFor the cost of direct loans, $1,300,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That subject¿ Subject to section 502 of the Congressional Budget Act of 1974, during fiscal year ø2006¿ 2007 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958, shall not exceed øthe levels established under 20(e)(1)(B)(ii) of the Small Business Act¿ $7,500,000,000: Provided øfurther¿, That during fiscal year ø2006¿ 2007 commitments for general business loans authorized under section 7(a) of the Small Business Act, shall not exceed øthe levels established under 20(e)(1)(B)(i) of the Small Business Act¿ $17,500,000,000: Provided further, That during fiscal year ø2006¿ 2007 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958, shall not exceed $3,000,000,000: Provided further, That during fiscal year ø2006¿ 2007 guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount of $12,000,000,000. PO 00000 2006 est. 29 7 Jkt 206762 00.01 00.02 00.05 00.06 00.07 00.08 00.09 2005 actual 127 126 ¥1 ................... ¥1 ................... ¥4 ¥5 Total net position ............................................................ 12:38 Jan 26, 2006 Identification code 73–1154–0–1–376 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 128 40.33 Appropriation permanently reduced (P.L. 109–148) ................... 40.35 Appropriation permanently reduced .......................... ¥2 40.36 Unobligated balance permanently reduced .............. ................... 3999 VerDate Aug 31 2005 In addition, for administrative expenses to carry out the direct and guaranteed loan programs, ø$125,307,000¿ $126,136,000, which may be transferred to and merged with the appropriations for Salaries and Expensesø: Provided, That, of the funds previously made available under Public Law 105–135, section 507(g), for the Delta Loan program, up to $500,000 may be transferred to and merged with the appropriation for Salaries and Expenses¿. Program and Financing (in millions of dollars) SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts that do not exceed $2,000,000 and to reimburse these sureties up to 90 percent of the losses sustained if the contractor defaults. SBA’s guarantees provide the incentive necessary for sureties to issue bonds to small contractors who could not otherwise secure them and compete in the contracting industry. In 2007, the Budget proposes a $1.7 billion program level that is anticipated to be sufficient to accommodate demand from prior-approval and preferred sureties. cprice-sewell on PROD1PC66 with BUDGET PAG 1093 Federal Funds—Continued Frm 00003 Fmt 3616 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. Discretionary: Spending authority from offsetting collections: Offsetting collections (cash) ..................................... Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. Against gross budget authority only: 88.96 Portion of offsetting collections (cash) credited to expired accounts ................................................... 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... Sfmt 3643 E:\BUDGET\SBA.XXX SBA 126 1,906 121 405 ................... 2 ................... ................... 2,034 526 121 63 19 18 2,036 530 126 ¥2,071 ¥531 ¥121 ¥3 ................... ................... ¥6 ................... ................... 18 23 121 ¥3 ................... ................... 1 ................... ................... 2,032 2,069 526 531 121 121 1094 THE BUDGET FOR FISCAL YEAR 2007 Federal Funds—Continued Credit accounts—Continued BUSINESS LOANS PROGRAM ACCOUNT—Continued (RESCISSION)—Continued Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 73–1154–0–1–376 2005 actual Direct loan levels supportable by subsidy budget authority: 115001 Micro loans .................................................................... 115901 Total direct loan levels .................................................. Direct loan subsidy (in percent): 132001 Micro loans .................................................................... 2006 est. 2007 est. 18 20 ................... 18 20 ................... 10.25 7.17 0.00 132901 Weighted average subsidy rate ..................................... Direct loan subsidy budget authority: 133001 Micro loans .................................................................... 10.25 7.17 0.00 2 1 ................... 133901 Total subsidy budget authority ...................................... Direct loan subsidy outlays: 134001 Micro loans .................................................................... 2 1 ................... 2 1 ................... 134901 Total subsidy outlays ..................................................... 2 Direct loan upward reestimate subsidy budget authority: 135001 Msc. loans ...................................................................... ................... 1 ................... 26 ................... 135901 Total upward reestimate budget authority .................... ................... Direct loan downward reestimate subsidy budget authority: 137001 Misc. loans ..................................................................... ................... ¥42 ................... 137901 Total downward reestimate budget authority ............... ................... ¥42 ................... Guaranteed loan levels supportable by subsidy budget authority: 215002 General business — 7(a) ............................................. 215004 Section 504 .................................................................... 215006 SBIC debentures ............................................................ 215010 Secondary market guarantee ......................................... 215011 General business 7(a) prior ........................................... 26 ................... 14,284 17,000 17,500 5,000 7,500 7,500 355 3,000 3,000 10,000 12,000 12,000 300 ................... ................... 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232002 General business — 7(a) ............................................. 232004 Section 504 .................................................................... 232006 SBIC debentures ............................................................ 232010 Secondary marker guarantee ......................................... 232011 General business 7(a) prior ........................................... 29,939 39,500 40,000 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 232901 Weighted average subsidy rate ..................................... Guaranteed loan subsidy budget authority: 233002 General business— 7(a) ............................................... 233004 Section 504 .................................................................... 233006 SBIC debentures ............................................................ 233010 Secondary market guarantee ......................................... 233011 General business 7(a) prior ........................................... 0.00 0.00 0.00 ................... ................... ................... ................... 3 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... cprice-sewell on PROD1PC66 with BUDGET PAG 233901 Total subsidy budget authority ...................................... 3 ................... ................... Guaranteed loan subsidy outlays: 234002 General business — 7(a) ............................................. 32 ................... ................... 234004 Section 504 .................................................................... ................... ................... ................... 234006 SBIC debentures ............................................................ ................... ................... ................... 234010 Secondary market guarantee ......................................... ................... ................... ................... 234011 General budiness 7(a) prior .......................................... 3 ................... ................... 234901 Total subsidy outlays ..................................................... Guaranteed loan upward reestimate subsidy budget authority: 235001 Microloan guarantees .................................................... 235002 General business 7(a) ................................................... 235003 General business — 7(a) terrorist response ................ 235004 Section 504 .................................................................... 235005 Section 504-DELTA ......................................................... 235006 SBIC debentures ............................................................ 235007 SBIC participating securities ......................................... 235008 New Market Venture Capital .......................................... 235009 General business 7(a) -DELTA ....................................... 235010 Secondary market guarantee ......................................... 235011 General business 7(a) prior ........................................... 235012 SBIC 301(d) Guarantee .................................................. 235013 502 Local development companies ............................... ................... 556 ................... 221 ................... 117 969 ................... ................... 44 ................... ................... ................... 235901 Total upward reestimate budget authority .................... 1,907 VerDate Aug 31 2005 12:38 Jan 26, 2006 Jkt 206762 Guaranteed loan downward reestimate subsidy budget authority: 237001 Microloan guarantees .................................................... 237002 general business 7(a) .................................................... 237003 General business — 7(a)-terrorist response ................ 237004 Section 504 .................................................................... 237005 Section 504 -DELTA ....................................................... 237006 SBIC debentures ............................................................ 237007 SBIC participating securities ......................................... 237008 New Market Venture Capital .......................................... 237009 General business 7(a)—DELTA ..................................... 237010 Secondary market guarantee ......................................... 237011 General business 7(a) Prior ........................................... 237012 SBIC 301(d) Guarantee .................................................. 237013 502 Local development compnies ................................. ................... ¥1 ................... ¥135 ¥156 ................... ¥13 ¥7 ................... ¥98 ¥202 ................... ................... ¥18 ................... ¥178 ¥48 ................... ¥46 ¥499 ................... ................... ................... ................... ................... ¥1 ................... ................... ¥4 ................... ................... ................... ................... ................... ¥10 ................... ................... ¥4 ................... 237901 Total downward reestimate subsidy budget authority ¥470 Administrative expense data: 351001 Budget authority ............................................................ 359001 Outlays from new authority ........................................... 125 125 ¥950 ................... 127 124 126 120 As required by the Federal Credit Reform Act of 1990, as amended, this account records, for this program, the subsidy costs associated with the direct loans obligated and loan guarantees committed in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. For 2007, the Budget proposes $126.1 million in new budget authority for the Business Loans Program account, of which $7 million will be repaid through administrative fee collections on loans over $1 million. No appropriations are required to cover loan subsidy as fees are sufficient to offset losses. The Section 7(a) program provides general business credit assistance. The requested guaranteed loan program level for 2007 is $17.5 billion. The Section 504 Certified Development Company program is for long-term fixed rate financing and the requested guaranteed loan program level is $7.5 billion in 2007. The Small Business Investment Company (SBIC) program provides credit to support venture capital investments. The Budget proposes a program level of $3 billion for SBIC Debentures. As part of the Secondary Market Guarantee (SMG), SBA’s fiscal agent pools the guaranteed portion of 7(a) loans and sells the securities to investors. This mechanism provides liquidity to lenders participating in the 7(a) loan program. For FY 2007, the Budget proposes a program level of $12 billion in such securities. In addition, the Budget proposes fee authority for the program to simplify program management. Object Classification (in millions of dollars) Identification code 73–1154–0–1–376 2005 actual 2006 est. 2007 est. 25.2 41.0 Other services ................................................................ Grants, subsidies, and contributions ............................ 125 1,911 124 126 406 ................... 99.9 Total new obligations ................................................ 2,036 530 126 f 35 ................... ................... BUSINESS DIRECT LOAN FINANCING ACCOUNT PO 00000 ................... 99 ................... ................... ................... 64 153 1 8 53 ................... 1 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 379 ................... Frm 00004 Fmt 3616 Program and Financing (in millions of dollars) Identification code 73–4148–0–3–376 00.01 00.02 00.91 08.02 08.04 2005 actual Obligations by program activity: Direct loans .................................................................... Interest on Treasury borrowing ...................................... 2006 est. 2007 est. 18 10 20 ................... 7 ................... Direct obligations—Subtotal .................................... 28 Payment of downward reestimate to a receipt account ................... Payment of interest on downward reestimate to a receipt account .......................................................... ................... 27 ................... 28 ................... 14 ................... Direct obligations—Subtotal .................................... ................... 42 ................... 08.91 Sfmt 3643 E:\BUDGET\SBA.XXX SBA SMALL BUSINESS ADMINISTRATION 10.00 Total new obligations ................................................ 28 69 ................... amounts in this account are a means of financing and are not included in the budget totals. 73 46 41 ................... 74 12 Balance Sheet (in millions of dollars) 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 ........................................ 7 ................... ................... ¥57 ¥46 ¥12 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 69 ¥28 24.40 Unobligated balance carried forward, end of year 21.40 22.00 22.10 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in uncollected customer payments from Federal sources (unexpired) ............................. 68.90 70.00 72.40 73.10 73.20 73.45 74.00 74.40 87.00 69 ................... ¥69 ................... 41 ................... ................... 19 21 ................... 28 53 ¥1 ................... ................... 27 53 12 Total new financing authority (gross) ...................... 46 74 12 Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... 70 22 88.95 88.96 89.00 90.00 60 10 ................... ................... ................... ................... ¥11 ¥1 Total, offsetting collections (cash) ....................... ¥28 ¥54 ¥12 Against gross financing authority only: Change in receivables from program accounts ....... 1 ................... ................... Portion of offsetting collections (cash) credited to expired accounts ................................................... ................... 1 ................... Net financing authority and financing disbursements: Financing authority ........................................................ 19 Financing disbursements ............................................... ................... 21 ................... ¥32 ¥2 Status of Direct Loans (in millions of dollars) cprice-sewell on PROD1PC66 with BUDGET PAG Identification code 73–4148–0–3–376 2005 actual 2006 est. 2007 est. Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. 18 20 ................... 1150 18 20 ................... 1210 1231 1251 1263 1290 Total direct loan obligations ..................................... Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. 132 Disbursements: Direct loan disbursements ................... 19 Repayments: Repayments and prepayments ................. ¥17 Write-offs for default: Direct loans ............................... ................... Outstanding, end of year .......................................... 134 134 18 ¥15 ¥3 134 5 ¥12 ¥2 134 125 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The VerDate Aug 31 2005 12:38 Jan 26, 2006 Jkt 206762 PO 00000 Frm 00005 Fmt 3616 2005 actual 102 64 ........................ 2 24 1 132 –42 134 –24 Net present value of assets related to direct loans .. 90 110 Total assets ...................................................................... LIABILITIES: Federal liabilities: 2103 Debt ................................................................................... 2105 Other ................................................................................. 2207 Non-Federal liabilities: Other .......................................... 194 199 191 ........................ 3 154 43 2 1999 2999 Total liabilities ................................................................. 194 199 4999 Total liabilities and net position ................................... 194 199 f BUSINESS GUARANTEED LOAN FINANCING ACCOUNT Program and Financing (in millions of dollars) 1 ................... ................... 23 28 2004 actual 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 (-) ...................................... 29 23 70 28 69 ................... ¥28 ¥22 ¥10 ¥7 ................... ................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Federal sources: Payments from program account ................................................................. ¥2 ¥2 88.00 Upward reestimate ................................................ ................... ¥12 88.00 Interest on reestimate .......................................... ................... ¥14 88.25 Interest on uninvested funds ............................... ¥5 ¥6 88.40 Repayments of principal, net ............................... ¥21 ¥20 88.40 Other income ......................................................... ................... ................... 88.90 Identification code 73–4148–0–3–376 1499 12 Spending authority from offsetting collections (total discretionary) .......................................... Change in obligated balances: 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 (unexpired) ............................................ 1095 Federal Funds—Continued Identification code 73–4149–0–3–376 2005 actual 2006 est. 2007 est. 00.01 00.02 00.05 Obligations by program activity: Default claims ............................................................... Interest on Treasury borrowing ...................................... Other Expenses .............................................................. 1,547 127 131 1,660 275 120 1,650 250 15 00.91 Direct obligations—Subtotal .................................... 1,805 2,055 1,915 08.02 08.04 Payment of downward reestimate to receipt account Payment of interest on downward reestimate to receipt account ............................................................. 323 719 ................... 147 231 ................... 08.91 Direct obligations—Subtotal .................................... 470 950 ................... 10.00 Total new obligations ................................................ 2,275 3,005 1,915 3,072 3,713 2,514 2,834 2,343 1,925 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 ........................................ 10 ................... ................... ¥2,006 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 4,789 ¥2,275 5,348 ¥3,005 4,268 ¥1,915 24.40 Unobligated balance carried forward, end of year 2,514 2,343 2,353 470 950 300 3,288 1,884 1,625 21.40 22.00 22.10 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in uncollected customer payments from Federal sources (unexpired) ............................. 68.90 ¥45 ................... ................... Spending authority from offsetting collections (total discretionary) .......................................... 3,243 1,884 1,625 70.00 Total new financing authority (gross) ...................... 3,713 2,834 1,925 72.40 73.10 73.20 73.45 74.00 Change in obligated balances: 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 (unexpired) ............................................ Sfmt 3643 E:\BUDGET\SBA.XXX SBA ¥39 16 271 2,275 3,005 1,915 ¥2,255 ¥2,750 ¥2,100 ¥10 ................... ................... 45 ................... ................... 1096 THE BUDGET FOR FISCAL YEAR 2007 Federal Funds—Continued Credit accounts—Continued 1106 1206 BUSINESS GUARANTEED LOAN FINANCING ACCOUNT—Continued Program and Financing (in millions of dollars)—Continued Identification code 73–4149–0–3–376 74.40 87.00 2005 actual Obligated balance, end of year ................................ other ............................................................................... 2006 est. 16 2,255 271 2,750 2007 est. 86 2,100 1501 1504 1505 1599 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... ¥35 ................... ................... 88.00 Upward reestimate ................................................ ¥1,357 ¥329 ................... 88.00 Interest on reestimate .......................................... ¥550 ¥50 ................... 88.00 Other ..................................................................... ................... ................... ................... 88.25 Interest on uninvested funds ............................... ¥170 ¥130 ¥130 88.40 Fees ....................................................................... ¥593 ¥700 ¥725 88.40 Recoveries ............................................................. ¥546 ¥650 ¥750 88.40 other ...................................................................... ¥38 ¥25 ¥20 88.90 88.95 88.96 ¥3,289 Total, offsetting collections (cash) ....................... Against gross financing authority only: Change in receivables from program accounts ....... Portion of offsetting collections (cash) credited to expired accounts ................................................... ¥1,884 ¥1,625 Investments in US securities: Receivables, net ............................................................... Non-Federal assets: Receivables, net ............................ Net value of assets related to post– 1991 acquired defaulted guaranteed loans receivable: Defaulted guaranteed loans receivable, gross .............. Foreclosed property .......................................................... Allowance for subsidy cost (-) ...................................... 1,763 53 354 50 2,769 ........................ –2,459 4,204 15 –3,154 Net present value of assets related to defaulted guaranteed loans ......................................................... 1999 Total assets ...................................................................... LIABILITIES: Federal liabilities: 2103 Debt ................................................................................... 2105 Other ................................................................................. Non-Federal liabilities: 2201 Accounts payable ............................................................. 2204 Liabilities for loan guarantees ....................................... 2207 Other ................................................................................. 310 1,065 5,158 3,998 2,492 488 956 889 23 2,175 –20 31 2,143 –21 2999 Total liabilities ................................................................. 5,158 3,998 4999 Total liabilities and net position ................................... 5,158 3,998 45 ................... ................... f 1 ................... ................... BUSINESS LOAN FUND LIQUIDATING ACCOUNT Net financing authority and financing disbursements: 89.00 Financing authority ........................................................ 90.00 Financing disbursements ............................................... 470 ¥1,033 950 866 Program and Financing (in millions of dollars) 300 475 Identification code 73–4154–0–3–376 Status of Guaranteed Loans (in millions of dollars) Identification code 73–4149–0–3–376 2005 actual 2007 est. Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 29,939 39,500 40,000 2150 2199 29,939 23,000 39,500 29,625 40,000 30,400 56,962 18,551 ¥11,348 72,880 24,490 ¥12,800 82,670 22,940 ¥14,700 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments 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 ¥1,547 ¥1,900 ¥2,100 10,262 ................... ................... Outstanding, end of year .......................................... Memorandum: 2299 Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 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 ................................... 2364 Other adjustments, net ............................................. 2390 cprice-sewell on PROD1PC66 with BUDGET PAG 2006 est. 72,880 82,670 88,810 69,726 78,536 84,370 2,769 4,204 5,219 1,547 1,900 2,100 ¥402 ¥610 ¥730 ¥219 ¥275 ¥275 509 ................... ................... Outstanding, end of year ...................................... 4,204 5,219 6,314 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. Balance Sheet (in millions of dollars) Identification code 73–4149–0–3–376 2004 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ......................................... VerDate Aug 31 2005 12:38 Jan 26, 2006 Jkt 206762 PO 00000 3,032 Frm 00006 2005 actual 2005 actual 2007 est. 00.01 00.05 00.09 Obligations by program activity: Interest Expense to Treasury ......................................... Guaranteed loan default claims .................................... Other expenses ............................................................... 6 5 11 4 3 7 3 2 5 10.00 Total new obligations ................................................ 22 14 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 ....................................................................... 22.40 Capital transfer to general fund ................................... 22.60 Portion applied to repay debt to FFB ............................ 2 ................... ................... ¥93 ¥127 ¥34 ¥17 ¥15 ¥12 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 100 ¥22 24.40 Unobligated balance carried forward, end of year 21.40 22.00 22.10 New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 69.00 Spending authority from offsetting collections: Offsetting collections (cash) .............................................. 93 115 78 ................... 78 56 14 ¥14 10 ¥10 78 ................... ................... 50 30 20 65 48 36 115 78 56 70.00 Total new budget authority (gross) .......................... 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 10 6 3 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... Loan repayments: 25 18 13 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: Loan repayments: 88.40 Financing Investtment programs-principal .......... 88.40 Interest Income-Business & investment .............. 88.40 Fees ....................................................................... 88.40 Collection on FFB loans ........................................ 88.40 Other Income-both Business and Investment ...... ¥37 ¥6 ¥1 ¥17 ¥4 ¥25 ¥5 ¥1 ¥15 ¥2 ¥17 ¥4 ¥1 ¥12 ¥2 88.90 ¥65 ¥48 ¥36 Total, offsetting collections (cash) ....................... 2,529 Fmt 3616 2006 est. Sfmt 3643 E:\BUDGET\SBA.XXX SBA 15 10 6 22 14 10 ¥25 ¥18 ¥13 ¥2 ................... ................... SMALL BUSINESS ADMINISTRATION 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 4999 50 ¥40 30 ¥30 2005 actual Identification code 73–4154–0–3–376 2006 est. 2007 est. Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. 4 9 4 Disbursements: Purchase of loans assets from the public ......................................................................... ................... ................... ................... 1251 Repayments: Repayments and prepayments ................. ¥2 ¥4 ¥2 Write-offs for default: 1263 Direct loans ............................................................... ................... ¥1 ................... 7 ................... ................... 1264 Other adjustments, net1 ........................................... 1210 1232 1290 Outstanding, end of year .......................................... 9 4 2 1210 1251 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Repayments: Repayments and prepayments ................. 57 ¥17 40 ¥15 25 ¥12 1290 Outstanding, end of year .......................................... 40 25 13 1 Status of Guaranteed Loans (in millions of dollars) Identification code 73–4154–0–3–376 2005 actual Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 2251 Repayments and prepayments ...................................... 2261 Adjustments: Terminations for default that result in loans receivable ........................................................ Outstanding, end of year .......................................... Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 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 ................................... 2364 Other adjustments, net ............................................. 2006 est. 2007 est. 531 ¥150 377 ¥106 268 ¥75 ¥4 ¥3 ¥2 377 268 191 331 214 168 2299 79 55 44 4 3 2 ¥20 ¥13 ¥11 ¥2 ¥1 ¥1 ¥6 ................... ................... Outstanding, end of year ...................................... 55 44 Balance Sheet (in millions of dollars) cprice-sewell on PROD1PC66 with BUDGET PAG Identification code 73–4154–0–3–376 2004 actual 2005 actual 1101 1206 1601 ASSETS: Federal assets: Fund balances with Treasury .............. Non-Federal assets: Receivables, net ............................ Direct loans, gross .......................................................... 108 8 133 88 2 104 1604 Direct loans and interest receivable, net ..................... 133 104 1699 1901 Value of assets related to direct loans ....................... Other Federal assets: Other assets ............................... 133 35 104 35 Total assets ...................................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ............................................................. 2103 Debt ................................................................................... 2105 Other Liabilities ................................................................ Non-Federal liabilities: 2201 Accounts payable ............................................................. 2207 Other Liabilities ................................................................ 284 229 2999 1999 Total liabilities ................................................................. 12:38 Jan 26, 2006 Jkt 206762 229 PO 00000 8 58 183 6 41 156 8 27 4 22 284 229 Frm 00007 Fmt 3616 2005 actual 2006 est. 2007 est. 42.0 43.0 Insurance claims and indemnities ................................ Interest and dividends ................................................... 16 6 10 4 7 3 99.9 Total new obligations ................................................ 22 14 10 f DISASTER LOANS PROGRAM ACCOUNT (INCLUDING TRANSFERS OF FUNDS) øFrom unobligated balances under this heading, in fiscal year 2006, not to exceed $9,000,000 may be transferred to and merged with appropriations for Salaries and Expenses for indirect administrative expenses, of which $1,500,000 is for the Office of Inspector General of the Small Business Administration for audits and reviews of disaster loans and the disaster loan program and shall be transferred to and merged with appropriations for the Office of Inspector General.¿ For the cost of direct loans authorized by section 7(b) of the Small Business Act, $85,140,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974. In addition, for administrative expenses to carry out the direct loan program authorized by section 7(b), of the Small Business Act, $113,850,000, of which $495,000 is for the Office of Inspector General of the Small Business Administration for audits and reviews of disaster loans and the disaster loan program and shall be transferred to and merged with appropriations for the Office of Inspector General; of which $104,445,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program, to remain available until expended, and which may be transferred and merged with appropriations for Salaries and Expenses; and of which $8,910,000 is for indirect administrative expenses, which may be transferred and merged with appropriations for Salaries and Expenses. (RESCISSION) Of the unobligated balances available under this heading, $3,700,000 are rescinded. (Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006.) 34 As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA direct loans obligated and loan guarantees committed prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts. VerDate Aug 31 2005 284 Object Classification (in millions of dollars) Identification code 73–4154–0–3–376 2390 Total liabilities and net position ................................... 20 ¥23 Status of Direct Loans (in millions of dollars) 2290 1097 Federal Funds—Continued ø(INCLUDING TRANSFER OF FUNDS)¿ øFor an additional amount for the ‘‘Disaster Loans Program Account’’ authorized by section 7(b) of the Small Business Act, for necessary expenses related to hurricanes in the Gulf of Mexico in calendar year 2005 and other natural disasters, $264,500,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans shall be as defined in section 502 of the Congressional Budget Act of 1974. In addition, for administrative expenses to carry out the direct loan program authorized by section 7(b), $176,500,000, to remain available until expended, which may be transferred to and merged with ‘‘Salaries and Expenses’’: Provided, That the amounts provided under this heading are designated as an emergency requirement pursuant to section 402 of H. Con. Res. 95 (109th Congress), the concurrent resolution on the budget for fiscal year 2006: Provided further,That no funds shall be transferred to the appropriation for ‘‘Salaries and Expenses’’ for indirect administrative expenses.¿ (Emergency Supplemental Appropriations Act to Address Hurricanes in the Gulf of Mexico and Pandemic Influenza, 2006.) Program and Financing (in millions of dollars) Identification code 73–1152–0–1–453 2005 actual 2006 est. 2007 est. 00.01 00.05 00.06 00.09 Obligations by program activity: Direct loan subsidy ........................................................ Upward reestimate of direct loans ................................ Interest on upward reestimates of direct loans ........... Administrative expense .................................................. 163 223 114 540 10.00 Total new obligations ................................................ 1,040 938 232 21.40 Budgetary resources available for obligation: Unobligated balance carried forward, start of year 29 386 4 Sfmt 3643 E:\BUDGET\SBA.XXX SBA 671 118 70 ................... 10 ................... 187 114 1098 THE BUDGET FOR FISCAL YEAR 2007 Federal Funds—Continued 359001 Outlays from new authority ........................................... Credit accounts—Continued DISASTER LOANS PROGRAM ACCOUNT—Continued ø(INCLUDING TRANSFER OF FUNDS)¿—Continued Program and Financing (in millions of dollars)—Continued Identification code 73–1152–0–1–453 22.00 22.10 2005 actual 2006 est. 2007 est. New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 1,377 521 195 20 35 33 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 1,426 ¥1,040 942 ¥938 232 ¥232 24.40 Unobligated balance carried forward, end of year 386 4 ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 113 ................... 199 40.00 Appropriation (supplemental) .................................... 929 441 ................... 40.35 Appropriation permanently reduced .......................... ¥2 ................... ................... 40.36 Unobligated balance permanently reduced .............. ................... ................... ¥4 43.00 1,040 60.00 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. 70.00 Total new budget authority (gross) .......................... 1,377 521 195 72.40 73.10 73.20 73.45 74.10 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. Change in uncollected customer payments from Federal sources (expired) ................................................ 43 1,040 ¥1,003 ¥20 59 938 ¥929 ¥35 33 232 ¥153 ¥33 337 441 195 80 ................... ¥1 ................... ................... 74.40 Obligated balance, end of year ................................ 59 33 79 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 640 26 337 87.00 Total outlays (gross) ................................................. 1,003 929 153 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 1,377 1,003 521 929 195 153 441 153 408 ................... 80 ................... Identification code 73–1152–0–1–453 2005 actual cprice-sewell on PROD1PC66 with BUDGET PAG Direct loan levels supportable by subsidy budget authority: 115001 Disaster Loan ................................................................. 2006 est. 2006 est. 2007 est. Other services ................................................................ Grants, subsidies, and contributions ............................ 540 500 187 751 114 118 99.9 Total new obligations ................................................ 1,040 938 232 DISASTER DIRECT LOAN FINANCING ACCOUNT Program and Financing (in millions of dollars) 900 115901 Total direct loan levels .................................................. Direct loan subsidy (in percent): 132001 Disaster Loan ................................................................. 1,271 4,587 900 12.86 14.64 13.18 132901 Weighted average subsidy rate ..................................... Direct loan subsidy budget authority: 133001 Disaster Loan ................................................................. 12.86 14.64 13.18 163 671 118 133901 Total subsidy budget authority ...................................... Direct loan subsidy outlays: 134001 Disaster Loan ................................................................. 163 671 118 127 671 69 134901 Total subsidy outlays ..................................................... Direct loan upward reestimate subsidy budget authority: 135001 Disaster Loan ................................................................. 127 671 69 337 80 ................... 135901 Total upward reestimate budget authority .................... Direct loan downward reestimate subsidy budget authority: 137001 Disaster Loan ................................................................. 337 80 ................... ¥70 ¥14 ................... 137901 Total downward reestimate budget authority ............... ¥70 ¥14 ................... Administrative expense data: 351001 Budget authority ............................................................ 540 Jkt 206762 2005 actual 25.2 41.0 f 4,587 12:38 Jan 26, 2006 81 Object Classification (in millions of dollars) 2007 est. 1,271 VerDate Aug 31 2005 170 As required by the Federal Credit Reform Act of 1990, as amended, this account records, for loans made pursuant to Section 7(b) of the Small Business Act, as amended, the subsidy costs associated with the direct loans obligated in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. Disaster loans made pursuant to Section 7(b) of the Small Business Act provide Federal assistance for non-farm, private sector disaster losses. Through this program, SBA helps homeowners, renters, businesses of all sizes, and non-profit organizations pay for the cost of rebuilding and repairing structures damaged by natural disasters. The program is the only form of SBA assistance not limited to small businesses. The program provides subsidized loans of up to 30 years to borrowers who have incurred uninsured physical losses or economic injury as the result of a natural disaster. The 2007 Budget proposes to continue providing preferential loan terms to victims of disasters. However, to more appropriately tailor Federal assisatance to borrower needs and contain the escalating costs of the loans, the Budget proposes to adopt graduated interest rates for the Disaster Loan program. During the first five years after a disaster, interest rates would remain well below the Treasury’s interest rate for most borrowers. Thereafter, rates would graduate to a comparable-maturity Treasury instrument. This structure would continue to provide borrowers with deep interest subsidies when they need them most—immediately after a disaster—and after five years, subsidies would continue at a reduced level. In 2007, the Budget supports $900 million in loans. The subsidy rate is 13.18 percent. Identification code 73–1152–0–1–453 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 463 PO 00000 187 114 Frm 00008 Fmt 3616 Identification code 73–4150–0–3–453 00.01 00.02 00.03 00.91 08.02 08.04 2005 actual Obligations by program activity: Direct loans .................................................................... Interest on Treasury borrowing ...................................... Other .............................................................................. 2006 est. 2007 est. 1,271 4,587 900 406 600 300 26 ................... ................... Direct obligations—Subtotal .................................... Payment of downward reestimate to a receipt account Payment of interest on downward reestimate to a receipt account .......................................................... 1,703 27 5,187 1,200 9 ................... 43 5 ................... 08.91 Direct obligations—Subtotal .................................... 70 14 ................... 10.00 Total new obligations ................................................ 1,773 5,201 2,844 4,940 3,192 ................... 5,720 1,491 1,200 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 ........................................ 171 ................... ................... ¥2,990 ¥3,711 ¥291 23.90 23.95 4,965 ¥1,773 21.40 22.00 22.10 Total budgetary resources available for obligation Total new obligations .................................................... Sfmt 3643 E:\BUDGET\SBA.XXX SBA 5,201 ¥5,201 1,200 ¥1,200 SMALL BUSINESS ADMINISTRATION 24.40 Unobligated balance carried forward, end of year 3,192 ................... ................... New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ 68.10 Change in uncollected customer payments from Federal sources (unexpired) ............................. 68.90 70.00 3,713 3,915 1,211 1,805 782 709 16 ................... ................... Spending authority from offsetting collections (total discretionary) .......................................... 1,227 1,805 709 Total new financing authority (gross) ...................... 4,940 5,720 1,491 Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total financing disbursements (gross) ......................... 73.45 Recoveries of prior year obligations .............................. 74.00 Change in uncollected customer payments from Federal sources (unexpired) ............................................ 74.40 87.00 88.95 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... 404 1,475 605 5,000 812 993 1499 Net present value of assets related to direct loans .. 2,421 2,929 5,933 6,603 5,863 68 2 6,585 18 ....................... 2999 Total liabilities ................................................................. 5,933 6,603 4999 Total liabilities and net position ................................... 5,933 6,603 f DISASTER LOAN FUND LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) Identification code 73–4153–0–3–453 01.01 01.03 2005 actual 2006 est. Obligations by program activity: Interest expense to Treasury .......................................... 2 Other expenses ............................................................... ................... 10.00 Total new obligations ................................................ 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 Total budgetary resources available for obligation Total new obligations .................................................... ¥16 ................... ................... 24.40 Unobligated balance carried forward, end of year ¥1,805 3,618 –689 Total assets ...................................................................... LIABILITIES: Federal liabilities: 2103 Debt ................................................................................... 2105 Other ................................................................................. 2201 Non-Federal liabilities: Accounts payable ...................... 1999 ¥709 ¥1,211 2 61 2007 est. 3 2 1 2 5 3 62 ................... 64 ¥61 21 ¥78 12 ¥9 64 ¥2 5 ¥5 3 ¥3 62 ................... ................... New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 69.00 Spending authority from offsetting collections: Offsetting collections (cash) .............................................. 50 10 5 14 11 7 70.00 Total new budget authority (gross) .......................... 64 21 12 Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. ................... ................... ................... 1131 Direct loan obligations exempt from limitation ............ 1,271 4,587 900 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 3 2 ¥3 2 5 ¥3 4 3 ¥2 1150 3,713 265 3,915 3,195 782 284 Status of Direct Loans (in millions of dollars) Identification code 73–4150–0–3–453 2005 actual Total direct loan obligations ..................................... Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Disbursements: Direct loan disbursements ................... Repayments: Repayments and prepayments ................. Write-offs for default: 1263 Direct loans ............................................................... 1264 Other adjustments, net ............................................. 1210 1231 1251 1290 cprice-sewell on PROD1PC66 with BUDGET PAG 3,034 –613 ¥16 ................... ................... Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... Total, offsetting collections (cash) ....................... Against gross financing authority only: Change in receivables from program accounts ....... 1401 1405 Net value of assets related to post– 1991 direct loans receivable: Direct loans receivable, gross ........................................ Allowance for subsidy cost (-) ...................................... 293 404 605 1,773 5,201 1,200 ¥1,475 ¥5,000 ¥993 ¥171 ................... ................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... ¥127 ¥671 ¥69 88.00 Upward reestimate ................................................ ¥223 ¥70 ................... 88.00 Interest on upward reestimate ............................. ¥114 ¥10 ................... 88.25 Interest income from Treasury .............................. ¥269 ¥500 ¥275 88.40 Repayments of principal, net ............................... ¥478 ¥554 ¥350 88.40 Collection of misc. receivables ............................. ................... ................... ¥15 88.90 1099 Federal Funds—Continued 2006 est. 2007 est. 1,271 4,587 900 74.40 Obligated balance, end of year ................................ 2 4 5 3,034 995 ¥372 3,618 3,532 ¥554 6,534 693 ¥350 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 3 3 2 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.40 Loan repayments ................................................... 88.40 Other collection ..................................................... ¥8 ¥6 ¥9 ¥2 ¥5 ¥2 ¥51 ¥62 ¥60 12 ................... ................... Outstanding, end of year .......................................... 3,618 6,534 6,817 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. Balance Sheet (in millions of dollars) Identification code 73–4150–0–3–453 2004 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ......................................... Investments in US securities: 1106 Interest/Accounts Receivables ......................................... VerDate Aug 31 2005 12:38 Jan 26, 2006 Jkt 206762 PO 00000 2005 actual 3,137 3,595 375 79 88.90 Total, offsetting collections (cash) ....................... ¥14 ¥11 ¥7 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 50 ¥11 10 ¥8 5 ¥5 Status of Direct Loans (in millions of dollars) Identification code 73–4153–0–3–453 1290 Frm 00009 Fmt 3616 2005 actual 2006 est. 2007 est. Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 35 28 21 1251 Repayments: Repayments and prepayments ................. ¥8 ¥6 ¥5 Write-offs for default: 1263 Direct loans ............................................................... ................... ¥1 ................... 1264 Other adjustments, net ............................................. 1 ................... 1 Sfmt 3643 Outstanding, end of year .......................................... E:\BUDGET\SBA.XXX SBA 28 21 17 1100 THE BUDGET FOR FISCAL YEAR 2007 Federal Funds—Continued Credit accounts—Continued Status of Guaranteed Loans (in millions of dollars) DISASTER LOAN FUND LIQUIDATING ACCOUNT—Continued Identification code 73–4147–0–3–376 As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA disaster direct loans obligated prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts. Balance Sheet (in millions of dollars) Identification code 73–4153–0–3–453 2005 actual 2006 est. 2007 est. Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 6 4 1 2251 Repayments and prepayments ...................................... ¥2 ¥2 ¥1 Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... ................... ¥1 ................... 2264 Other adjustments, net ............................................. ................... ................... ................... 2290 Outstanding, end of year .......................................... 4 1 ................... Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 4 1 ................... Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 49 20 23 2331 Disbursements for guaranteed loan claims ............. ................... 3 3 2361 Write-offs of loans receivable ................................... ¥29 ................... ................... 2299 2004 actual 2005 actual ASSETS: 1101 Federal assets: Fund balances with Treasury .............. 1601 Direct loans, net .............................................................. 64 35 64 28 1699 1901 Value of assets related to direct loans ....................... Other Federal assets: Other assets ............................... 35 3 28 ....................... Total assets ...................................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ............................................................. 2105 Other ................................................................................. 102 92 3 99 2 90 2999 Total liabilities ................................................................. 102 92 4999 Total liabilities and net position ................................... 102 92 1999 2390 Outstanding, end of year ...................................... 20 23 26 Public Law 94–305 established this fund to alleviate the adverse impact of pollution regulations on small businesses. As a result of the elimination of tax exempt financing associated with the Pollution Control Guaranteed program, no new activity is anticipated for this program. Balance Sheet (in millions of dollars) Object Classification (in millions of dollars) Identification code 73–4147–0–3–376 Identification code 73–4153–0–3–453 25.2 43.0 2005 actual 2006 est. Other services ................................................................ ................... Interest and dividends ................................................... 2 99.9 Total new obligations ................................................ 2 2007 est. 2 3 2 1 5 3 POLLUTION CONTROL EQUIPMENT FUND LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) 2005 actual 3 ........................ 16 –15 20 Total assets ...................................................................... LIABILITIES: 2104 Federal liabilities: Resources payable to Treasury ....... 19 8 19 8 2999 Total liabilities ................................................................. 19 8 4999 Total liabilities and net position ................................... 19 8 2007 est. f Obligations by program activity: 00.01 Disbursement for Guaranty Loan Claim ........................ ................... 3 3 ADMINISTRATIVE PROVISION—SMALL BUSINESS ADMINISTRATION 10.00 3 3 Not to exceed 5 percent of any appropriation made available for the current fiscal year for the Small Business Administration in this Act may be transferred between such appropriations, but no such appropriation shall be increased by more than 10 percent by any such transfers: Provided, That any transfer pursuant to this paragraph shall be treated as a reprogramming of funds under section 605 of this Act and shall not be available for obligation or expenditure except in compliance with the procedures set forth in that section. (Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006.) 21.40 22.00 22.40 23.90 23.95 24.40 Total new obligations (object class 42.0) ................ ................... Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Capital transfer to general fund ................................... 3 3 ¥3 Total budgetary resources available for obligation 3 Total new obligations .................................................... ................... Unobligated balance carried forward, end of year New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. cprice-sewell on PROD1PC66 with BUDGET PAG 2006 est. 2005 actual 3 1999 f Identification code 73–4147–0–3–376 2004 actual ASSETS: 1101 Federal assets: Fund balances with Treasury .............. 1603 Allowance for estimated uncollectible loans and interest (-) .......................................................................... 1701 Defaulted guaranteed loans, gross ................................ 3 ................... 3 3 ¥3 ................... 3 ¥3 3 ¥3 3 ................... ................... f 3 3 3 73.10 73.20 Change in obligated balances: Total new obligations .................................................... ................... Total outlays (gross) ...................................................... ................... 3 ¥3 3 ¥3 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... ................... 3 3 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ 3 Outlays ........................................................................... ................... 3 3 3 3 Frm 00010 Fmt 3616 VerDate Aug 31 2005 12:38 Jan 26, 2006 Jkt 206762 PO 00000 GENERAL FUND RECEIPT ACCOUNTS (in millions of dollars) 2005 actual 2006 est. 2007 est. Offsetting receipts from the public: 73–272130 Disaster loan program, Downward reestimates of subsidies ........................................................................ 73–272230 Business loan program, Downward reestimates of subsidies ............................................................. 70 14 ................... 470 992 ................... General Fund Offsetting receipts from the public ..................... 540 1,006 ................... Sfmt 3643 E:\BUDGET\SBA.XXX SBA
@FedFRASER