Sec. 201. Definitions
1,362 words·~6 min read·
/bill/119/hr/5356/ih/section-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this title: The term affordable housing means housing that meets the criteria established under section 215 of the Cranston-Gonzalez National Affordable Housing Act ( 42 U.S.C. 12745 ). The term Bank means the National Infrastructure Bank established under section 202(a). The term blended financing means financing provided through any combination of loans or bond financing, in cooperation with private lenders or State revolving funds, that is integrated into a single agreement with a single set of financial terms.
The term Board means the Board of Directors of the Bank established by section 206. The term chief asset and liability management officer means the individual responsible for coordinating the management of assets and liabilities of the Bank. The term chief compliance officer means the individual responsible for overseeing and managing the compliance and regulatory affairs of the Bank. The term chief executive officer means the individual serving as the executive director of the Bank.
The term chief financial officer means the individual responsible for managing the financial risks, planning, and reporting of the Bank. The term chief loan origination officer means the individual responsible for managing the processing of new loans provided by the Bank. The term chief operations officer means the individual responsible for the retail operations of the Bank and the branches of the Bank, including the administrative, human resource, and information technology systems of the Bank.
The term chief risk officer means the individual responsible for managing operational and compliance-related risks of the Bank. The term chief treasury officer means the individual responsible for managing the treasury operations of the Bank. The term community development infrastructure means the development of affordable housing, transportation, water infrastructure, schools, affordable broadband, public parks and recreation, libraries, or public facilities that train workers and build labor skills.
The term connectivity , with respect to an infrastructure project, means the linkages in transportation, energy, communications, community development infrastructure, and manufacturing and data centers, that tie geographic areas together into economic units, including networks of commuter routes, railways, shipping lanes, and internet cables, including geomatic data collected by the Department of Transportation. The terms develop and development , with respect to an infrastructure project, mean— any preconstruction planning, feasibility review for stand-alone projects or for bundled projects, permitting, design work, life-cycle maintenance planning, and other preconstruction activities; and any construction, reconstruction, rehabilitation, replacement, or expansion.
The term direct loan has the meaning given the term in section 502 of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a ). The term disadvantaged community means a community that is— a low-income community; or a federally recognized area of economic distress (as defined in section 100002 of the Infrastructure Investment and Jobs Act ( 15 U.S.C. 9501 )). The term energy infrastructure project means a project that involves the construction of a new or upgraded energy generation, transmission, distribution, or storage facility.
The term entity means— a State or political subdivision of a State; a unit of local government; a publicly owned utility; a special purpose district, public authority, public corporation, or cooperative authorized to contract indebtedness; an Indian Tribe; a public trust; an authority, agency, or instrumentality of, or an entity owned by, 1 or more entities described in subparagraphs
(A)through (F); a group of entities described in subparagraphs
(A)through (G); a private entity; and a public-private partnership. The term environmental infrastructure project means any project for— the establishment, deferred maintenance, or enhancement, including security enhancement, of any drinking water and wastewater treatment facility, stormwater management system, flood gate, dam, levee, solid waste disposal facility, or hazardous waste facility; dredging; wetland restoration or other open space conservation; infill development; or industrial site cleanup or remediation. The term Executive Committee means the Executive Committee of the Bank established under section 208(a). The term federally recognized area of economic distress means— a HUBZone (as defined in section 31(b) of the Small Business Act ( 15 U.S.C. 657a(b) )); an area that— has been designated as an empowerment zone under section 1391 of the Internal Revenue Code of 1986; has been designated as a Promise Zone by the Secretary of Housing and Urban Development; or is a low- or moderate-income area, as determined by the Secretary of Housing and Urban Development; and a qualified opportunity zone (as defined in section 1400Z–1(a) of the Internal Revenue Code of 1986). The term general counsel means the individual who serves as the chief lawyer for the Bank. The term greenhouse gas means— carbon dioxide; hydrofluorocarbons; methane; nitrous oxide; perfluorocarbons; and sulfur hexafluoride. The term infrastructure project means any transportation infrastructure project, energy infrastructure project, environmental infrastructure project, telecommunications infrastructure project, community development infrastructure project, or other infrastructure project for which a development plan is presented to the Bank for financing. The term local financial institution means— a certified community development financial institution (as defined in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4702 )); a credit union the deposits of which are insured under Federal or State law or are protected or guaranteed under State law; a small bank and savings association or an intermediate bank or savings association (as those terms are defined in section 25.12 of title 12, Code of Federal Regulations (or a successor regulation)); and a State public bank. The term low-income community means any census block group in which 30 percent or more of the population are individuals with an annual household income equal to, or less than, the greater of— an amount equal to 80 percent of the median income of the area in which the household is located, as reported by the Department of Housing and Urban Development; and 200 percent of the Federal poverty line. The term private entity means a corporation, partnership, company, or nonprofit organization. The term productivity means the improved efficiency in the economy associated with investments in public and private infrastructure, calculated as the difference between— the change in the value of total production; and the change in the value of inputs going into production. The term public benefit means the clear and measurable benefit to society resulting from the use of the infrastructure project by the public with respect to which a project is carried out, or the improvement the infrastructure project provides in— economic growth and productivity; air and water quality; energy savings; high-wage jobs; poverty reduction; or Federal, State, and local revenues. The term public-private partnership means an agreement between an entity described in any of subparagraphs
(A)through
(H)of paragraph
(19)and a private entity to finance, build, and maintain or operate an infrastructure project. 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 accommodations for the development of 1 or more categories of infrastructure projects. The term Secretary means the Secretary of the Treasury. The term State means any of the several States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, the Commonwealth of the Northern Mariana Islands, and any other territory or possession of the United States. The term telecommunications infrastructure project means any project involving infrastructure required— to provide communications by wire (including fiber optic cable), wireless (including satellite, microwave, or beam), internet, or radio (including broadband); or to enhance performance and security for that infrastructure (including networks and artificial intelligence). The term transportation infrastructure project means any project for the construction, deferred maintenance, or enhancement, including security enhancement, of a highway, road, bridge, transit or intermodal system, inland waterway, commercial port, airport, high-speed or passenger rail, or rail track system. The term trust fund means a delineated account in the books of the Bank, set up to receive and disburse grant money to fully or partially subsidize project loans to entities operating in disadvantaged communities. The term trust fund includes any trust fund receipts remaining from net operations of the Bank, a Federal grant disbursement, or a philanthropic or other gift from an individual or entity, as such a receipt becomes available.
Connectionstraces to 5
Traces to 5 documents
Citation graph
cites case law
Cites 5Cited by 0 across 0 sources