Subsidy Available and Budget Request
Below you will find the Title XI’s available subsidy.
- Approximately available subsidy for Title XI is $42 million as of June 2016.
- This subsidy amount equates to approximately $518 million in loan guarantees at the average risk rating for projects MARAD has guaranteed over the last 10 years.
- The subsidy amount varies by project default risk and is determined on a project by project basis.
Title XI Subsidy Funding History
President Budget (Requested) | Enacted | |
FY 2017 | ($5,000,000) | $— |
FY 2016 | $0 | $5,000,000 |
FY 2015 | $0 | $0 |
FY 2014 | $0 | $35,000,000 |
FY 2013 | $0 | $0 |
FY 2012 | $0 | $0 |
FY 2011 | $0 | $4,990,000 |
FY 2010 | $0 | $5,000,000 |
FY 2009 | $0 | $0 |
FY 2008 | $0 | $5,000,000 |
FY 2007 | $0 | $0 |
FY 2006 | $0 | $5,000,000 |
FY 2005 | $0 | $0 |
FY 2004 | $0 | $0 |
FY 2003 | $0 | $25,000,000 |
FY 2002 | $0 | $33,000,000 |
FY 2001 | $2,000,000 | $29,934,000 |
FY 2000 | $6,000,000 | $5,977,000 |