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Corporate Capital Account

Schedules

TAFS: 077-4483 /X - Corporate Capital Account

Iterations:
  • 1: 10/16/24 (this iteration)
Adjustment authority: Yes
Reporting categories: No
Line #SplitDescriptionAmountFootnotes
1000M4Mandatory Actual - Unob Bal: Brought forward, October 1 - Mandatory Deal Fees Collected
1000D3Discretionary Actual - Unob Bal: Brought forward, October 1 - NIST - CHIPS
1000D1Discretionary Estimated - Unob Bal: Brought forward, October 1 - Administrative$22,266,304.00
1000D4Discretionary Estimated - Unob Bal: Brought forward, October 1 - NIST - CHIPS$1,664,668.00
1000D5Discretionary Estimated - Unob Bal: Brought forward, October 1 - Discretionary Deal Fees Collected$27,883,022.00
1000D6Discretionary Estimated - Unob Bal: Brought forward, October 1 - DoD DPA MOU$2,918.00
1000M1Mandatory Estimated - Unob Bal: Brought forward, October 1$6,021,712,953.00
1000M2Mandatory Estimated - Unob Bal: Brought forward, October 1 - Mandatory Deal Fees Collected$326,397,959.00
1000M3Mandatory Actual - Unob Bal: Brought forward, October 1
1000D2Discretionary Actual - Unob Bal: Brought forward, October 1 - Administrative
1060Unob Bal: Antic nonexpenditure transfers (net)
1061Unob Bal: Antic recov of prior year unpd/pd obl$12,000,000.00
1700BA: Disc: Spending auth: Collected
1701BA: Disc: Spending auth: Chng uncoll pymts Fed src
17404BA: Disc: Spending auth:Antic colls, reimbs, other Fees - Discretionary Deal Fees$30,000,000.00
17402BA: Disc: Spending auth:Antic colls, reimbs, other - DoD DPA MOU See footnotes below
Footnotes for line 1740 (2):

B1: Anticipated collections in respect of an Economy Act obligation from DoD to DFC (MOU signed 6/22/2020) for DFC to execute: loan origination, disbursement, loan management, monitoring, budget & accounting support services for loans obligated pursuant to EO 13922 using DoD DPA Title III CARES Act appropriated funds.

17403BA: Disc: Spending auth:Antic colls, reimbs, other - NIST- CHIPS See footnotes below
Footnotes for line 1740 (3):

B2: The National Defense Authorization Act (NDAA) of 2021, Section 9902, directed the Secretary of the Department of Commerce to establish a program to provide federal financial assistance to incentivize investment in facilities and equipment in the United States for semiconductor fabrication, assembly, testing, advanced packaging, or research and development (CHIPS Act). Under the CHIPS Act, the Department is responsible for designing, implementing, and overseeing a loan and loan guarantee program targeted at expanding U.S. domestic semiconductor production. Standing up this program is a key Administration priority, however Commerce is challenged by internal procurement lead times to roll out the program quickly. DFC has a contract vehicle (BPA) already in place that will allow for Commerce to significantly shorten the time to award of a contract to assist in standing up this program. Commerce has requested DFC to conduct an assisted procurement using this contract vehicle in which DFC will award the contract and will be reimbursed by Commerce for any contract payments made.

17401BA: Disc: Spending auth:Antic colls, reimbs, other - Treasury Int$140,000,000.00
1741BA: Disc: Spending auth: Antic nonexpend trans net-$140,000,000.00
18001BA: Mand: Spending authority from offsetting collections: Collected Mandatory Deal Fees
18002BA: Mand: Spending authority from offsetting collections: Collected Ins Premiums
18401BA: Mand: Spending auth:Antic colls, reimbs, other Fees - Mandatory Deal Fees$30,000,000.00
18402BA: Mand: Spending auth:Antic colls, reimbs, other - Ins Premiums$30,000,000.00
1920Total budgetary resources avail (disc. and mand.)$6,501,927,824.00
6020Insurance Claims and Other Contract Provisions$100,000,000.00 See footnotes below
Footnotes for line 6020:

A2: In addition to amounts apportioned here, such amounts as may be necessary for valid claims and provisions are hereby apportioned. [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]

6033DoD DPA MOU$2,918.00
6034NIST - CHIPS$1,664,668.00
6040Administrative Expenses (carryforward)$22,266,304.00 See footnotes below
Footnotes for line 6040:

A1: Recoveries of prior year obligations are automatically apportioned. [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]

6045Administrative Expenses from Mandatory Deal Fees Collected$356,397,959.00 See footnotes below
Footnotes for line 6045:

A1: Recoveries of prior year obligations are automatically apportioned. [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]

A3: FY 2024 Appropriations language requires the use of fees for expenses related to travel, professionals services and legal expenses. The language provides: “Provided further, That fees charged for project-specific transaction costs as described in section 1434(k) of the BUILD Act of 2018, and other direct costs associated with origination or monitoring services provided to specific or potential investors, shall not be considered administrative expenses for the purposes of this heading: Provided further, That such fees shall be credited to this account for such purposes, to remain available until expended." Pursuant to this appropriation, all fees will support the entire DFC portfolio including projects transferred to the DFC. DFC will provide estimated uses of Fees per this apportionment for project-specific expenses and will update this apportionment as needed if additional fees are required. [Rationale: Footnote specifies the purpose(s) for which the funds are available to be obligated]

6046Administrative Expenses from Discretionary Deal Fees Collected$57,883,022.00 See footnotes below
Footnotes for line 6046:

A1: Recoveries of prior year obligations are automatically apportioned. [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]

A3: FY 2024 Appropriations language requires the use of fees for expenses related to travel, professionals services and legal expenses. The language provides: “Provided further, That fees charged for project-specific transaction costs as described in section 1434(k) of the BUILD Act of 2018, and other direct costs associated with origination or monitoring services provided to specific or potential investors, shall not be considered administrative expenses for the purposes of this heading: Provided further, That such fees shall be credited to this account for such purposes, to remain available until expended." Pursuant to this appropriation, all fees will support the entire DFC portfolio including projects transferred to the DFC. DFC will provide estimated uses of Fees per this apportionment for project-specific expenses and will update this apportionment as needed if additional fees are required. [Rationale: Footnote specifies the purpose(s) for which the funds are available to be obligated]

6182Budgetary Resources: Unappor bal, revolving fnd$5,963,712,953.00
6190Total budgetary resources available$6,501,927,824.00

Footnotes

Footnotes provide further information about, or establish further legal requirements related to the use of, the funds in a given line or set of lines in an apportionment. If footnotes appear on lines 1920 or 6190, they apply to all the lines in the 1xxx and 6xxx sections, respectively. The following are all the footnotes associated with this file.

NumberText
A1
Recoveries of prior year obligations are automatically apportioned. [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]
A2
In addition to amounts apportioned here, such amounts as may be necessary for valid claims and provisions are hereby apportioned. [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]
A3
FY 2024 Appropriations language requires the use of fees for expenses related to travel, professionals services and legal expenses. The language provides: “Provided further, That fees charged for project-specific transaction costs as described in section 1434(k) of the BUILD Act of 2018, and other direct costs associated with origination or monitoring services provided to specific or potential investors, shall not be considered administrative expenses for the purposes of this heading: Provided further, That such fees shall be credited to this account for such purposes, to remain available until expended." Pursuant to this appropriation, all fees will support the entire DFC portfolio including projects transferred to the DFC. DFC will provide estimated uses of Fees per this apportionment for project-specific expenses and will update this apportionment as needed if additional fees are required. [Rationale: Footnote specifies the purpose(s) for which the funds are available to be obligated]
B1
Anticipated collections in respect of an Economy Act obligation from DoD to DFC (MOU signed 6/22/2020) for DFC to execute: loan origination, disbursement, loan management, monitoring, budget & accounting support services for loans obligated pursuant to EO 13922 using DoD DPA Title III CARES Act appropriated funds.
B2
The National Defense Authorization Act (NDAA) of 2021, Section 9902, directed the Secretary of the Department of Commerce to establish a program to provide federal financial assistance to incentivize investment in facilities and equipment in the United States for semiconductor fabrication, assembly, testing, advanced packaging, or research and development (CHIPS Act). Under the CHIPS Act, the Department is responsible for designing, implementing, and overseeing a loan and loan guarantee program targeted at expanding U.S. domestic semiconductor production. Standing up this program is a key Administration priority, however Commerce is challenged by internal procurement lead times to roll out the program quickly. DFC has a contract vehicle (BPA) already in place that will allow for Commerce to significantly shorten the time to award of a contract to assist in standing up this program. Commerce has requested DFC to conduct an assisted procurement using this contract vehicle in which DFC will award the contract and will be reimbursed by Commerce for any contract payments made.

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