Sec. 2. Definitions

385 words·~2 min read·/bill/119/hr/1235/ih/section-2

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 Federal Infrastructure Bank established under section 4. The term eligible entity means— a corporation, limited liability company, or any other legally established corporate form; a partnership, including a public-private partnership; a joint venture; a trust; a State; any other governmental entity, including a political subdivision or any other instrumentality of a State; a revolving fund; or a State infrastructure bank. The term Holding Company means the Federal Infrastructure Bank Holding Company established under section 3.

The term infrastructure project means the construction, consolidation, alteration, operations, maintenance, or repair of projects, which provide public benefit or use, in the following categories: Highway and roadway facilities, including bridges and tunnels. Port or marine terminal facilities, including approaches to marine terminal facilities or inland port facilities, and port or marine equipment including fixed equipment to serve approaches to marine terminals or inland ports.

Airports, heliports, vertiports, spaceports, or air traffic control systems and facilities. Transmission or distribution pipelines. Facilities or equipment for energy transmission, distribution, or storage. Intercity passenger or freight rail lines, facilities, or equipment. Intercity passenger bus facilities or equipment. Public transportation facilities or equipment. Inland waterways. Intermodal facilities or equipment. Water treatment and solid waste disposal facilities and associated infrastructure such as pipes.

Storm water management systems. Dams and levees. Any other infrastructure project which the Bank identifies as providing a public benefit with regards to infrastructure. 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 any area not in a metropolitan statistical area with a population of 50,000 or greater. The term State means each of the 50 several States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, the United States Virgin Islands, the Commonwealth of the Northern Mariana Islands, 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.