Sec. 3. Definitions
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For purposes of this Act, the following definitions apply unless the context requires otherwise: The term American Infrastructure Bond means a bond described under section 17. The term Bank means the National Infrastructure Development Bank established under section 4(a). The term Board means the National Infrastructure Development Bank Board. The term chief asset and liability management officer means the chief individual responsible for coordinating the management of assets and liabilities of the Bank.
The term chief compliance officer or CCO means the chief individual responsible for overseeing and managing the compliance and regulatory affairs issues of the Bank. The term chief executive officer or CEO means the individual serving as the executive director of the bank. The term chief financial officer or CFO means the chief individual responsible for managing the financial risks, planning, and reporting of the Bank. The term chief loan origination officer means the chief individual responsible for the processing of new loans provided by the Bank.
The term chief operations officer or COO means the chief individual responsible for information technology and the day-to-day operations of the Bank. The term chief risk officer or CRO means the chief individual responsible for managing operational and compliance-related risks of the Bank. The term chief treasury officer means the chief individual responsible for managing the Bank’s treasury operations. The terms development and develop mean, with respect to an infrastructure project, any— preconstruction planning, feasibility review, permitting, design work, life-cycle maintenance planning, and other preconstruction activities; and construction, reconstruction, rehabilitation, replacement, or expansion.
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 disadvantaged community means a community with a median household income of less than 80 percent of the statewide median household income for the State in which the community is located. The term energy infrastructure project means any project for energy transmission and distribution, energy efficiency enhancement for buildings, public housing, health facilities, schools, and energy storage.
The term entity means an individual, corporation, partnership (including a public-private partnership), joint venture, trust, and a State or other governmental entity, including a political subdivision or any other instrumentality of a State or a revolving fund. The term environmental infrastructure project means any project for the establishment, maintenance, or enhancement of any drinking water and wastewater treatment facility, storm water management system, flood gate, dam, levee, dredging, open space management system, wetland restoration, infill development, solid waste disposal facility, hazardous waste facility, or industrial site cleanup or remediation projects.
The term general counsel means the individual who serves as the chief lawyer for the Bank. The term greenhouse gases means any of the following: Carbon dioxide. Methane. Nitrous oxide. Sulfur hexafluoride. Hydrofluorocarbons. Any perfluorocarbon. Nitrogen trifluoride. Any other anthropogenic gas designated as a greenhouse gas by the Environmental Protection Agency Administrator. The term infrastructure project means any energy, environmental, telecommunications, or transportation infrastructure project.
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 Benefit Bond means any bond issued in accordance with this Act if— the proceeds from the sale of the bond are to be used for expenditures incurred after the date of issuance with respect to any infrastructure project or other purpose, subject to such rules as the Bank may provide; the bond is issued in registered form; the bond has such terms, and carries interest in such an amount, as determined by the Bank; and payments of interest and principal with respect to the bond is the obligation of the Bank and is backed by the full faith and credit of the United States.
The term public-private partnership means any entity— which is undertaking the development of all or part of an infrastructure project, which 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; and which owns, leases, or operates, or will own, lease, or operate, the project in whole or in part, and at least one of the participants in the entity is a nongovernmental entity.
The term revolving fund means a fund or program established by a State or a political subdivision or other instrumentality of a State, the principal activity of which is to make loans, commitments, or other financial accommodation available for the development of one or more categories of infrastructure projects. The term Secretary means the Secretary of the Treasury or the designee of the Secretary. The term smart grid means a system that provides for any of the smart grid functions set forth in section 1306(d) of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17386(d) ).
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. The term telecommunications infrastructure project means any project involving infrastructure required to provide communications by wire or radio. The term transportation infrastructure project means any project for the construction, maintenance, or enhancement of highways, roads, bridges, transit and intermodal systems, inland waterways, commercial ports, airports, high speed rail and freight rail systems.
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