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110669 1 (1979-10-19)

handle is hein.gao/gaobadyji0001 and id is 1 raw text is: 



           UNITED STATES GENERAL ACCOUNTING OFFICE

                   WASHINGTON, D.C. 20548


                                      FOR RELEASE ON DELIVERY
                                      EXPECTED AT 10:00 A.M. EST
                                      FRIDAY, OCTOBER 19, 1979

                        STATEMENT OF                 1ls  0010i
                 HENRY ESCHWEGE, DIRECTOR,
         COMMUNITY AND ECONOMIC DEVELOPMENT DIVISION
     BEFORE THE SUBCOMMITTEE ON CONSERVATION AND CREDIT
                           OF THE
                  COMMITTEE ON AGRICULTURE
                  HOUSE OF REPRESENTATIVES
                             ON
   LFARMERS HOME ADMINISTRATION'S EMERGENCY LOAN PROGRAM
                   FOR PRODUCTION LOSSES9

     MR. CHAIRMAN AND MEMBERS OF THE SUBCOMMITTEE:

     WE ARE HERE AT YOUR REQUEST TO DISCUSS THE RESULTS OF

OUR RECENT REVIEW WHICH INCLUDED AN EXAMINATION OF T E4ZPJlE
        ADMN    ION'S (F   'S) EMERGENC                0.A RCP




     LATE LAST YEAR, THE CHAIRMAN AND THE RANKING MINORITY

MEMBER OF THE SENATE COMMITTEE ON THE BUDGET REQUESTED THAT

WE STUDY THE SMALL BUSINESS ADMINISTRATION'S (SBA'S) AND FmHA'S

DISASTER ASSISTANCE LOAN PROGRAM OPERATIONS IN FISCAL YEAR 1978.

THEIR REQUEST WAS PROMPTED BY THE LARGE INCREASE IN LOAN VOLUME

IN 1978 WHICH CREATED BUDGET PROBLEMS AND RAISED QUESTIONS

ABOUT'THE APPROPRIATENESS OF THE CURRENT DISASTER LOAN PROGRAMS.

SBA'S DISASTER ASSISTANCE LOAN VOLUME INCREASED FROM $200 MILLION

IN FISCAL YEAR 1977 TO $2.5 BILLION IN FISCAL YEAR 1978. FmHA'S

DISASTER ASSISTANCE LOANS INCREASED FROM $1.2 BILLION IN FISCAL

YEAR 1977 TO $3.4 BILLION IN FISCAL YEAR 1978. OUR REPORT





                                                   110669

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