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Code · BILL · 113th Congress · S. 428 (Introduced in Senate) — To expedite the development of Arctic deepwater ports and for other purposes. · Sec. 3

Sec. 3. Definitions

423 words·~2 min read·/bill/113/s/428/is/section-3

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In this Act: The term Arctic deepwater port means any port facility located— in waters north of 60 degrees latitude north and west of 162 degrees longitude west that have a water depth of not less than 30 feet; or in waters north of 63 degrees latitude north that have a water depth of not less than 30 feet. The term Consumer Price Index means the Consumer Price Index for all-urban consumers, United States city average, as published by the Bureau of Labor Statistics, or if such index shall cease to be published, any successor index or reasonable substitute thereof.
The term Coordinator means the Federal Coordinator for Arctic Deepwater Port Projects appointed under section 7(b)(1). The term developer , with respect to an Arctic deepwater port, means any private entity, State, municipal, or borough government, Alaska Native corporation created by section 7 of the Alaska Native Claims Settlement Act (43 U.S.C. 1606), or the western Alaska community development quota program created by section 305(i)(1) of the Magnuson-Stevens Fishery Conservation and Management Act that is seeking to develop an arctic deepwater port.
The term development , with respect to an Arctic deepwater port, means any aspect of the development, construction, or operation of such port. The term eligible lender means any non-Federal qualified institutional buyer (as defined by section 230.144A(a) of title 17, Code of Federal Regulations (or any successor regulation), known as Rule 144A(a) of the Securities and Exchange Commission and issued under the Securities Act of 1933), including— a qualified retirement plan (as defined in section 4974(c) of the Internal Revenue Code of 1986 ( 26 U.S.C. 4974(c) ) that is a qualified institutional buyer; and a governmental plan (as defined in section 414(d) of the Internal Revenue Code of 1986 (26 U.S.C. 414(d)) that is a qualified institutional buyer.
The term environmental review means an environmental impact statement, environmental assessment, or other document required for compliance with the National Environmental Policy Act of 1969 ( 42 U.S.C. 4321 et seq. ). The term Federal guarantee instrument means any guarantee or other pledge by the Secretary to pledge the full faith and credit of the United States to pay all of the principal and interest on any loan or other debt obligation entered into by a holder of a certificate of public convenience and necessity.
Except as otherwise specifically provided, the term Office means the Office of the Federal Arctic Deepwater Port Coordinator established under section 7(a). Except as otherwise specifically provided, the term Secretary means the Secretary of the Army.
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