Also, under credit reform, the credit subsidy cost is recorded as an outlay when a direct or guaranteed loan is disbursed.
( Also ( , ( ( under ( credit reform ) ) ( , ( ( the ( credit ( subsidy cost ) ) ) ( ( is ( recorded ( as ( ( an outlay ) ( when ( ( a ( ( ( direct or ) guaranteed ) loan ) ) ( is disbursed ) ) ) ) ) ) ) . ) ) ) ) ) )
(ROOT (S (ADVP (RB Also)) (, ,) (PP (IN under) (NP (NN credit) (NN reform))) (, ,) (NP (DT the) (NN credit) (NN subsidy) (NN cost)) (VP (VBZ is) (VP (VBN recorded) (PP (IN as) (NP (NP (DT an) (NN outlay)) (SBAR (WHADVP (WRB when)) (S (NP (DT a) (ADJP (JJ direct) (CC or) (VBN guaranteed)) (NN loan)) (VP (VBZ is) (VP (VBN disbursed))))))))) (. .)))
When a direct loan is disbursed, the credit subsidy cost will be recorded as an outlay under the reform.
( ( When ( ( a ( direct loan ) ) ( is disbursed ) ) ) ( , ( ( the ( credit ( subsidy cost ) ) ) ( ( will ( be ( ( recorded ( as ( an outlay ) ) ) ( under ( the reform ) ) ) ) ) . ) ) ) )
(ROOT (S (SBAR (WHADVP (WRB When)) (S (NP (DT a) (JJ direct) (NN loan)) (VP (VBZ is) (VP (VBN disbursed))))) (, ,) (NP (DT the) (NN credit) (NN subsidy) (NN cost)) (VP (MD will) (VP (VB be) (VP (VBN recorded) (PP (IN as) (NP (DT an) (NN outlay))) (PP (IN under) (NP (DT the) (NN reform)))))) (. .)))