Sec. 11. Definitions
246 words·~1 min read·
/bill/116/hr/7231/ih/section-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this Act: The term Bank means the Infrastructure Bank for America established under section 3. The term formation agent means an entity selected by the Secretary of the Treasury with significant experience in infrastructure and infrastructure finance. The term Holding Company means the Infrastructure Bank Holding Company established under section 2. The term revenue-producing infrastructure project means an infrastructure project that, when complete, generates revenue from user fees or other sources.
The term risk-based capital shall have the meaning given that term by the Board of Governors of the Federal Reserve System. The term rural means a county that is neither in a metropolitan statistical area nor in a micropolitan statistical area that is adjacent to a metropolitan statistical area, as those terms are defined by the Office of Management and Budget and as applied under currently applicable Urban Influence Codes, established by the Economic Research Service of the Department of Agriculture.
The term State means each of the several States, the District of Columbia, each territory or possession of the United States, and each federally recognized Indian Tribe. The term State infrastructure bank means a State infrastructure bank or multi-State infrastructure bank established pursuant to— section 350 of the National Highway System Designation Act of 1995; section 1511(l) of the Transportation Equity Act for the 21st Century; section 610 of title 23, United States Code; or any State law as an agency, component unit, or other governmental entity of the State.