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GRANTS FOR PUBLIC FACILITIES

Identification code

1964 actual

1965 estimate

1966 estimate

90

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Under proposed legislation, 1966.—Legislation will be submitted to extend and strengthen the area redevelop

ment program which would otherwise terminate on June Program and Financing (in thousands of dollars)

30, 1965. The program is designed to improve the oppor

tunities for the creation of new employment in areas of 06-10-2002-0-1-507

substantial and persistent unemployment and underem

ployment. The new proposals will tighten area eligibility Relation of obligations to expenditures:

criteria, expand the present industrial and commercial 72 Obligated balance, start of year.

38,635 25,432 13,932 loan program for eligible areas, add authority to guarantee 74 Obligated balance, end of year.

-25,432 -13,932 -3,432 private loans for working capital in connection with busi77 Adjustments in expired accounts..

-1.794

ness loan projects, and restore and enlarge grants and loans Expenditures...

11,409 11,500 10,500

for essential facilities which are required for economic development. Authority will also be sought to assist

needy communities in meeting matching share requireGrants are made to States and their political subdivi: increase technical assistance, adding authority to make

ments on other Federal grant-in-aid programs, and to sions, Indian tribes, and private or public nonprofit planning grants for economic development purposes. associations representing a development area, to assist in the construction or improvement of public facilities, in cases where the public facility project will improve Public enterprise funds: opportunities for the location or expansion of industrial plants and facilities providing more than temporary allevi

[AREA REDEVELOPMENT FUND] ation of unemployment or underemployment. Grants are [For loans and participations as authorized by section 6 and awarded only when the area has an approved overall public facility loans as authorized by section 7 of the Area Redeveleconomic development program, when the grant is neces

opment Act (75 Stat. 53), $59,500,000: Provided, That no part of

the appropriations contained in this Act shall be used for adminissary in order for the project to be undertaken, and the

trative expenses in connection with loans and participations financed entity requesting the grant is contributing in proportion or to be financed with funds borrowed from the Secretary of the

Treasury.] (Department of Commerce Appropriation Act, 1965.)
Program and Financing (in thousands of dollars)

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Financing: 14 Receipts and reimbursements from: Non-Federal sources:

Urban commercial and industrial loans:

Loan repayments.-

Interest on loans
Nonurban commercial and industrial loans:

Loan repayments.

Interest on loans.
Public facility loans:

Loan repayments.

Interest on loans..

Unobligated balance available, start of year: 21.47 Authorization to spend public debt receipts:

Urban commercial and industrial loans.
Nonurban commercial and industrial loans.

Public facility loans... 21.98 Fund balance:

Urban commercial and industrial loans.
Nonurban commercial and industrial loans..

Public facility loans...

Unobligated balance available, end of year: 24.47 Authorization to spend public debt receipts:

Urban commercial and industrial loans.-
Nonurban commercial and industrial loans.

Public facility loans --24.98 Fund balance:

Urban commercial and industrial loans..
Nonurban commercial and industrial loans..

Public facility loans...-

Unobligated balance lapsing: 25.47

Authorization to spend public debt receipts. 25.98 Fund balance...

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Relation of obligations to expenditures: 10 Total obligations 70

Receipts and other offsets (items 11-17) 71

Obligations affecting expenditures. 72.98 Obligated balance, start of year. 74.98 Obligated balance, end of year. 77

Adjustments in expired accounts. 90

Expenditures

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48,458 -2,389

64,100 -4,100

66,300 -6,800

1 Balances of selected resources are identified on the statement of financial condition.

1965 program:

-22.9

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1964 actual

1965 estimate

1966 estimate

ECONOMIC DEVELOPMENT-Continued

Industrial and commercial
loans

Public

facility AREA REDEVELOPMENT ADMINISTRATION-Continued

1964 program:

Urban Nonurban loans
Reservations..

29.9
48.3

19.0 Public enterprise funds—Continued

Reservations and approvals brought
forward (adjusted)

40.1
57.5

6.1 [AREA REDEVELOPMENT FUND]-continued

Less reservations and approvals carried
forward..

-37.3 -55.3 -17.4 The Area Redevelopment Act provides for long-term loans at low interest rates to aid in the construction or Loans (obligations)

32.7
50.5

7.7 expansion of commercial or industrial facilities and of related public facilities for the purpose of alleviating

Reservations

30.0
42.0

15.0 unemployment and underemployment within designated

Reservations and approvals brought areas. Interest rates on commercial facilities are set by

forward...

37.3
55.3

17.4 law and are at 4% for 1965 for industrial and commercial Less reservations and approvals carried loans. Interest rates on public facility loans are at 37% forward.

- 34.3 -83.0 in 1965. Industrial and commercial loans may run for Loans (obligations)

33.0
14.3

9.5 25 years and public facility loans up to 40 years. Loans may be made to States, localities, and public or private nonprofit organizations representing redevelopment areas Financing.The program was financed by a direct when (a) the area is designated as a redevelopment area; appropriation of $132 million in 1964 and $59.5 million (b) the project is consistent with an approved overall economic development program; (c) the project will Operating results. During the initial stages of the proprovide more than temporary alleviation of unemployment gram, revenues are expected to lag behind expenses. or underemployment; (d) assistance will not be given to The deficit results primarily from the allowance for losses, establishments that in relocating would cause unemploy- which is established at the rate of 6% for commercial and ment in the originating area; (e) financial assistance is not industrial loans, and 3% for public facility loans. otherwise available from private lenders or Federal agencies on reasonable terms; and (f) applicants have been Revenue, Expense, and Retained Earnings (in thousands of dollars) approved by a State and local agency directly concerned with problems of economic development in the area.

The act authorized outstanding loans of not to exceed $100 million each for (a) industrial or commercial projects Urban commercial and industrial loans: in urban areas of substantial and persistent unemploy- Revenue..

637 870 ment designated within specific criteria; (b) industrial or Expense

-1.669 -2,175 -1,600
commercial projects in nonurban areas which are among
the highest in number and percentages of low income

Net operating loss, urban commercial
and industrial loans..

-1,032 families and where substantial underemployment exists;

-1.305 -300 and (c) public facilities necessary for improving the Nonurban commercial and industrial loans: opportunities for employment Authorizing legislation Revenue..

944 1,420 expires June 30, 1965.

Expense...

-2,016 -2.740 Budget program.-Reservations for industrial and com

Net operating income or loss, nonurban mercial loans for 1965 are estimated at $72 million, and

commercial and industrial loans..-- -1,072 -1,320 500 for public facilities loans at $15 million. Fund reservations are made on approval of applications Public facility loans:

257 610 filed to determine eligibility and feasibility of the project. Expense..

-559 -785 Reservations are converted into loan approvals after filing a full loan application and review by the Small Net operating income or loss, public

facility loans.

-302

-175 Business Administration for commercial loans or the

400 Housing and Home Finance Agency for public facility

Net operating income or loss, for the loans.

-2,407

600 Principal workload stages are as follows:

Analysis of deficit: Deficit, start of year. -2.785 -5,192 -7,992
1965 estimale
Deficit, end of year.

-5,192
Non-

Urban urban Preliminary applications:

facilities Received. 130 145 47

Financial Condition (in thousands of dollars)
Withdrawn or rejected.

36
56

19 Reservations issued (preliminary).

89
84

30
Reservations and approvals outstanding begin.
ning of year.-

56

88 20 Full applications:

28 Withdrawn or rejected.

34

Assets:

12
58
62

Treasury balance...

24 Loans approved.

86,936 126,515 58

Accounts receivable, net.

23 Loans obligated.

133 11

1,113 Loans receivable, net..

23,793
Reservations and approvals outstanding, close of
year

59
115 27
Total assets. -

110,862 194,813 251,100

1,300

2,100 -1,600

800 -400

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year.

-2,800

-7.992 -7,392

Publ

Progno

1963 actual

1964 actual

1965 estimate

1966 estimate

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1963 actual

1964 actual

1965 estimate

1966 estimate

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Prior year.

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End of year.

1

Financial Condition (in thousands of dollars)-Continued

This Service was established by title X of the Civil Rights Act of 1964, and operates in the conciliation of disputes, disagreements, or difficulties threatening peace

ful relations within communities. The Service, under the Government equity:

act, offers conciliation services upon request of local Non-interest-bearing capital:

citizens or officials, or upon its own motion, and is referred Start of year.

23,166 113,588 199,237 258,737 public accommodations cases for conciliation on the Unobligated balance lapsing:

motion of the courts. In order to create a national Current year. -22,749 -39,112

-14,872 -1,879 --7,240

climate of compliance with the laws pertaining to civil Appropriations.. 115,050 132.000 59,500

rights, the Service encourages local citizens' groups to

work together on programs to promote better under113,588 199,237 258,737 243,865

standing of both the provisions and principles of the act. Deficit..... -2,785 -5,192 -7.992 -7,392

National organizations are also encouraged to mount Total Government equity... 110,803 194,044 250,745 236,473 educational programs with the assistance of the Service.

A National Citizens Committee for Community Relations,

appointed by the President, works with the professional Analysis of Government Equity and Undrawn Authorizations (in thousands of dollars) staff of the Service. The Service is required, by the act,

to provide conciliation assistance in confidence and

without publicity, and to hold confidential information Undisbursed loan obligations

86,383 123,388 118.788 52,488 Unobligated balance.. 300,627 303,472

acquired with the understanding that it would be so held.

8,072
Invested capital and earnings. 23,793 67,185 123,885 183,985

Object Classification (in thousands of dollars)
Subtotal..
410,803 494,044 250,745

236,473
Undrawn authorizations.
--300,000-300.000
Identification code

1964 06-13-0500-0-1-506

actual estimate estimate Total Government equity... 110,803 194,044 250,745 236,473

Personnel compensation:

11.1 1 The changes in these items are reflected on the program and financing schedule.

Permanent positions...-

611 11.3 Positions other than permanent.

23

21 11.5 Other personnel compensation..

10

10 Object Classification (in thousands of dollars)

Total personnel compensation..

470 642 Identification code

12.0 Personnel benefits...

35

48 06-10-4405-0-3-507

estimate
21.0 Travel and transportation of persons.

72

83 23.0 Rent, communications, and utilities.

95

95 25.2 Services of other agencies.

2,041 2,500
24.0 Printing and reproduction...

20

20 33.0 Investments and loans.. 46,602 61,600 66,300 25.1 Other services...

345 375 25.2 Services of other agencies.

21

21 Total costs.. 48,643 64,100 66,300 26.0 Supplies and materials..

10

10 94.0 Change in selected resources. 37,005 -4,600 -66,300 31.0 Equipment....

32

6 Adjustments in selected resources.

7,240

99.0
Total obligations....

1,100

1,300 99.0 Total obligations.. 92,888 59,500

Personnel Summary

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1965

1966

1965

1964 actual

1966 estimate

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For necessary expenses to carry out the provisions of the International Travel Act of 1961 (75 Stat. 129), including employment of aliens by contract for service abroad; rental of space abroad, for periods not exceeding five years, and expenses of alteration, repair or improvement; advance of funds under contracts abroad; payment of tort claims, in the manner authorized in the first paragraph of section 2672 of title 28 of the United States Code, when such claims arise in foreign countries; and not to exceed ($3,500] $5,000 for representation expenses abroad; [$3,000,000 $3,500,000. (Department of Commerce Appropriation Act, 1965.)

1,100

1,300

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Program by activities: 1. Preparation of national income and

product data... 2. Analysis of business trends.. 3. Computation of the balance of payments. 4. Executive direction...

Total program costs, funded. Change in selected

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resources

1

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i Selected resources

of June 30, are follows: Unpaid undelivered orders, 1963, $1.146 thousand (1964 adjustments, - $5 thousand): 1964, $1,086 thousand; 1965, $1.186 thousand;' 1966. $1,286 thousand.

The United States Travel Service develops, plans, and carries out a program to stimulate and encourage travel to the United States by residents of foreign countries. The principal program activities are media relations, sales promotion, advertising, visitor services, and research. Nine overseas travel information offices serve as a center for answering public and trade inquiries on U.S. travel and as a headquarters for sales calls and other promotional activities. For 1966, funds are requested to intensify and further develop these existing programs.

An average annual gain of 8.8% in the flow of overseas visitors to the United States was made in the 9-year period prior to the establishment of the United States Travel Service. Since establishment, the gains have been 17% in 1962, 22% in 1963, and 32.2% in the 11-month period through November 1964.

Object Classification (in thousands of dollars)

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