**REPAYABLE ADVANCES AND RELATED TRANSACTIONS:  BLACK LUNG TRUST FUND**

**(TRANSACTIONS ONLY DEAL WITH PRINCIPAL COMPONENT NOT INTEREST PAYMENT OR PREMIUM)**

**TREASURY ACCOUNTS: 16_0327, 16_0329, and 16X8144**

SECTION I:  provides current transactions  recorded by the Department of Labor and the Black Lung Disability Trust Fund on a continuing basis. Section I  is comprised of Steps One through Four as follows.

Steps One through Three provide illustrative guidance of the transactions necessary to record the accretion of the original issue discount, early repayment, and repayment at maturity for the Black Lung Disability Trust Fund Obligations “Zero Coupon Bonds.”

Step Four is included to provide illustrative guidance related to the issuance of the Black Lung Disability Trust Fund One Year Obligation Securities to be used to pay for maturing Black Lung Disability Trust Fund Obligations “Zero Coupon Bonds” and benefit payments in excess of excise taxes deposited into the Black Lung Disability Trust Fund.

SECTION II:  provides historical transactions recorded by the Department of Labor and the Black Lung Disability Trust Fund  when the Repayable Advances were retired in 2009.  Section II is comprised of Steps Five through Ten as follows.

Steps Five through Ten illustrate historical transactions related to the original issuance of Repayable Advances for the Black Lung Disability Trust Fund. These steps also include illustrations of the transactions that were required during the process of repaying these Repayable Advances with proceeds from the new Black Lung Disability Trust Fund Obligations “Zero Coupon Bonds.”

**SECTION I – CURRENT AND CONTINUING TRANSACTIONS**

**STEP ONE --- ACCRETION OF ORIGINAL ISSUE DISCOUNT---**

**STEP TWO --- EARLY REPAYMENT  OF ZERO COUPON BONDS ---**

**STEP THREE --- REPAYMENT OF DEBT HELD TO MATURITY--**

**STEP FOUR --- TRANSACTIONS RELATED TO THE ONE YEAR OBLIGATION SECURITIES--**

**SECTION II – HISTORICAL TRANSACTIONS**

**STEP FIVE  - ORIGINAL TRANSACTIONS TO REPAY REPAYABLE ADVANCES**

**STEP SIX – ESTABLISHMENT OF ACCOUNTS RECEIVABLE AND PAYABLE**

**STEP SEVEN – TRANSFER OF FUNDS TO COVER DISBURSEMENTS IN TAFS 016X8144**

**STEP EIGHT – REDUCTION OF ACCOUNTS RECEIVABLE AND PAYABLE FOR INDEFINITE BORROWING AUTHORITY NOT OBLIGATED AS OF SEPTEMBER 30TH IN TAFS 016X8144**

**STEP NINE – ADJUSTMENT FOR INDEFINITE BORROWING AUTHORITY NOT OBLIGATED AS OF SEPTEMBER 30TH IN TAFS 16X8144**

**STEP TEN --- REPAYMENT OF ADVANCE ---**

� The requirements of the MOU in force for FY 2016 may make a gain unlikely. However, these transactions include a gain in the event that a gain may be possible under the requirements of a future MOU.

� SF 133/Schedule P line 1236 [Appropriation applied to repay debt -- Authority_Type = P, BEA_Category_Indicator=M, Fund=ET]

� SF 133/Schedule P line 1236 [Appropriation applied to repay debt -- Authority_Type = P, BEA_Category_Indicator=M, Fund=ET]

� SF 133/Schedule P line 1236 [Appropriation applied to repay debt -- Authority_Type = B or P, BEA_Category_Indicator=M, Fund=ET] (Note: Funds from the new One Year Obligation Security are applied to debt maturities first and the Authority_Type B is reported.  Debt repayment with funds from excess excise taxes collected would be reported using the Authority_Type P.)

� SF 133/Schedule P line 1400 [Borrowing Authority -- BEA_Category_Indicator=M]

� SF 133/Schedule P line 1236 [Appropriation applied to repay debt -- Authority_Type = B or P, BEA_Category_Indicator=M, Fund=ET] (Note: Funds from the new One Year Obligation Security are applied to debt maturities first and the Authority_Type B is reported.  Debt repayment with funds from excess excise taxes collected would be reported using the Authority_Type P.)

� SF 133/Schedule P line 1201 [Appropriation (trust fund) – Authority_Type=P, BEA_Category_Indicator=M, Fund=ET]

� (SF 133/Schedule P line 1200 [Appropriation –Authority_Type = P, BEA_Category_Indicator = M])

� (SF 133/Schedule P line 1200 [Appropriation – BEA_Category_Indicator = M, Fund = EG])

� (SF 133/Schedule P line 1400 [Borrowing Authority – Authority_Type = B, BEA_Category_Indicator = M, Fund = ET])

� (SF 133/Schedule P line 1200 [Appropriation – BEA_Category_Indicator = M, Fund = EG])

� (SF 133/Schedule P line 1200 [Appropriation  - Authority_Type = P, BEA_Category_Indicator = M, Fund = EG])

�Debiting USSGL account 310100 is not a standard USSGL transaction; however, OMB - OFFM agreed that it is acceptable for this transaction, in order to facilitate proper reporting on the Statement of Changes in Net Position.

� (SF 133/Schedule P line 1400 [Borrowing Authority –Authority_Type = B, BEA_Category_Indicator = M, Fund = ET])

� (SF 133/Schedule P line 1400 [Borrowing Authority –Authority_Type = B, BEA_Category_Indicator =M, Fund = ET]) 

� (SF 133/Schedule P line 1200 [Appropriation –BEA_Category_Indicator = M, Fund = EG])

� (SF 133/Schedule P line 1400 [Borrowing Authority –Authority_Type = B, BEA_Category_Indicator =M, Fund = ET])

� (SF 133/Schedule P line 1200 [Appropriation – BEA_Category_Indicator = M, Fund = EG])

�  (SF 133/Schedule P line 1200 [Appropriation – Authority_Type=P, BEA_Category_Indicator=M])

�  (SF 133/Schedule  P line 1201 [Appropriation (trust fund) -- Authority_Type=P, BEA_Category_Indicator=M, Fund=ET])

� SF 133/Schedule P line 1400 [Borrowing Authority -- BEA_Category_Indicator=M]

� Does not crosswalk to the SF 133 or Schedule P.

� SF 133/Schedule P line 1422 [Appropriation applied to repay debt - Authority_Type = B, BEA_Category_Indicator=M, Fund=ET]

� SF 133/Schedule P line 1200 [Appropriation – BEA_Category_Indicator=M, Fund=EG]

� SF 133/Schedule P line 1200 [Appropriation – Authority_Type=P, BEA_Category_Indicator=M, Fund=EG]

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**Version 2.0Page 1 of 1 April 2016**