Sec. 102. Definitions
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For purposes of this title, the following definitions shall apply: The term AIFA means the American Infrastructure Financing Authority established under this title. The term blind trust means a trust in which the beneficiary has no knowledge of the specific holdings and no rights over how those holdings are managed by the fiduciary of the trust prior to the dissolution of the trust. The term Board of Directors means Board of Directors of AIFA. The term Chairperson means the Chairperson of the Board of Directors of AIFA.
The term Chief Executive Officer means the Chief Executive Officer of AIFA, appointed under section 113. The term cost has the same meaning as in section 502 of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a ). The term direct loan has the same meaning as in section 502 of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a ). The term eligible entity means an individual, corporation, partnership (including a public-private partnership), joint venture, trust, State, or other governmental entity, including a political subdivision or any other instrumentality of a State, or a revolving fund.
The term eligible infrastructure project means any transportation, water, or energy infrastructure project, or an aggregation of such infrastructure projects, as provided in this title. The term transportation infrastructure project means the construction, alteration, or repair, including the facilitation of intermodal transit, of the following subsectors: Highway or road. Bridge. Mass transit. Inland waterways. Commercial ports. Airports. Air traffic control systems. Passenger rail, including high-speed rail.
Freight rail systems. The term water infrastructure project means the construction, consolidation, alteration, or repair of the following subsectors: Water waste treatment facility. Storm water management system. Dam. Solid waste disposal facility. Levee. Open space management system. The term energy infrastructure project means the construction, alteration, or repair of the following subsectors: Pollution reduced energy generation. Transmission and distribution. Storage. Energy efficiency enhancements for buildings, including public and commercial buildings.
The Board of Directors may make modifications, at the discretion of the Board, to the subsectors described in this paragraph by a vote of not fewer than 5 of the voting members of the Board of Directors. The term investment-grade rating means a rating of BBB minus, Baa3, or higher assigned to an infrastructure project by a ratings agency. The term loan guarantee has the same meaning as in section 502 of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a ). The term public-private partnership means any eligible entity— which is undertaking the development of all or part of an infrastructure project that will have a public benefit, pursuant to requirements established in one or more contracts between the entity and a State or an instrumentality of a State; or the activities of which, with respect to such an infrastructure project, are subject to regulation by a State or any instrumentality of a State; which owns, leases, or operates or will own, lease, or operate, the project in whole or in part; and the participants in which include not fewer than 1 nongovernmental entity with significant investment and some control over the project or project vehicle.
The term rural infrastructure project means an infrastructure project in a rural area, as that term is defined in section 343(a)(13)(A) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1991(a)(13)(A) ). Unless the context otherwise requires, the term Secretary means the Secretary of the Treasury or the designee thereof. The term senior management means the Chief Financial Officer, Chief Risk Officer, Chief Compliance Officer, General Counsel, Chief Lending Officer, and Chief Operations Officer of AIFA established under section 115, and such other officers as the Board of Directors may, by majority vote, add to senior management.
The term State includes the District of Columbia, Puerto Rico, Guam, American Samoa, the Virgin Islands, the Commonwealth of Northern Mariana Islands, and any other territory of the United States.
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