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Subsidy Availability & History

The approximate subsidy available for Title XI is $35 million, as of August 2019. This amount equates to approximately $300 million in loan guarantees at the average risk rating for projects MARAD has guaranteed since 2000. Subsidy amounts vary by project and depend on the project's default risk. Below is a table listing Title XI funding amounts by year. 

Title XI Subsidy Funding History

 

President Budget (Requested)

           Enacted
FY 2020 $0 $0
FY 2019 $0 $0
FY 2018 $0 $27,000,000
FY 2017 ($5,000,000) $0
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
     
Updated: Friday, August 9, 2019