Sec. 402. Definitions

392 words·~2 min read·/bill/117/hr/4497/ih/section-402

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In this title: The term Critical Public Infrastructure means high-quality, environmentally safe— physical infrastructure (including transportation, energy, water, and communications infrastructure); industrial infrastructure (including domestic manufacturing facilities); and social infrastructure (including affordable housing, education, and healthcare). The term Eligible Private Entity means any non-government entity, or a group of such entities, that— seeks the NIA funding or technical assistance in connection with one or more Critical Public Infrastructure projects; is not itself and is not controlled by, directly or indirectly, a Financial Intermediary; and meets the entity eligibility criteria and any other requirements and conditions, established by the Governing Board or the NIA Operating Subsidiaries.

The term Financial Intermediary means— a commercial bank with assets above $10,000,000,000; a broker or dealer (as such terms are defined under section 3 of the Securities Exchange Act of 1934); and an issuer that would be an investment company, as defined under the Investment Company Act of 1940, but for paragraph

(1)or

(7)of section 3(c) of that Act. The term Governing Board means the Governing Board of the NIA. The term National Investment Strategy means the National Investment Strategy designed by the Governing Board under section 412(b). The term NIA means the National Investment Authority, established under section 411. The term NIA Annual Report means the NIA Annual Report mandated under section 416. The term NIA bond means a bond or any other debt or debt-like instrument issued by the NIA or an NIA Operating Subsidiary. The term NIA Operating Subsidiary means— the NIB; and such other government corporations or entities as may be established or designated by an Act of Congress as NIA Operating Subsidiaries. The term NIA Staff means the staff of the NIA. The term NIB means that National Infrastructure Bank. The term Portfolio Project means any project or undertaking, financed, managed, or otherwise supported by any NIA Operating Subsidiary in the course of its business and in accordance with the provisions of this title. The term Project Funding Date means, with respect to each NIA Portfolio Project, each date on which the NIA— makes a final decision to commit to funding or participating in that Portfolio Project; and extends funding or assumes participation pursuant to its commitment. The term State means each of the several States, the District of Columbia, each territory of the United States, and each Indian Tribe.