42 U.S.C. § 16371: Definitions

The term “CIFIA program” means the carbon dioxide transportation infrastructure finance and innovation program established under section 16372(a) of this title . publishes a publicly available tariff containing the just and reasonable rates, terms, and conditions of nondiscriminatory service; and holds itself out to provide transportation services to the public for a fee. contingent on those funds being made available in law at a future date; and not an obligation of the Federal Government. development-phase activities, including planning, feasibility analysis, revenue forecasting, environmental review, permitting, preliminary engineering and design work, and other preconstruction activities; construction, reconstruction, rehabilitation, replacement, and acquisition of real property (including land relating to the project and improvements to land), environmental mitigation, construction contingencies, and acquisition and installation of equipment (including labor); and capitalized interest necessary to meet market requirements, reasonably required reserve funds, capital issuance expenses, and other carrying costs during construction; and the cost of legal counsel and technical consultants; and any subsidy amount paid in accordance with section 16372(c)(3)(B)(ii) of this title or section 16373(b)(6)(B)(ii) of this title . The term “Federal credit instrument” means a secured loan or loan guarantee authorized to be provided under the CIFIA program with respect to a project. The term “lender” means a qualified institutional buyer (as defined in section 230.144A(a) of title 17, Code of Federal Regulations (or a successor regulation), commonly known as Rule 144A(a) of the Securities and Exchange Commission and issued under the Securities Act of 1933 ( 15 U.S.C. 77a et seq.)), that is not a Federal qualified institutional buyer. describes the project and the location, purpose, and cost of the project; outlines the proposed financial plan, including the requested credit and grant assistance and the proposed obligor; provides a status of environmental review; and provides information regarding satisfaction of other eligibility requirements of the CIFIA program. The term “loan guarantee” means any guarantee or other pledge by the Secretary to pay all or part of the principal of, and interest on, a loan made to an obligor, or debt obligation issued by an obligor, in each case funded by a lender. a project of high priority under section 16372(c)(3)(A) of this title ; or a project covered under section 16372(c)(3)(B) of this title ; does not provide for a current obligation of Federal funds; and the availability of future funds being made available to carry out the CIFIA program; and the satisfaction of all conditions for the provision of credit assistance under the CIFIA program, including section 16373(b) of this title ; establish the maximum amounts and general terms and conditions of the Federal credit instruments or grants; identify the 1 or more revenue sources that will secure the repayment of the Federal credit instruments; compliance with all applicable requirements specified under the CIFIA program, including sections 16372(d) and 16373(b)(1) of this title; and the availability of funds to carry out the CIFIA program; and require that contingent commitments shall result in a financial close and obligation of credit or grant assistance by not later than 4 years after the date of entry into the agreement or release of the commitment, as applicable, unless otherwise extended by the Secretary. The term “obligor” means a corporation, partnership, joint venture, trust, non-Federal governmental entity, agency, or instrumentality, or other entity that is liable for payment of the principal of, or interest on, a Federal credit instrument. The term “produced in the United States”, with respect to iron and steel, means that all manufacturing processes for the iron and steel, including the application of any coating, occurs within the United States. The term “project” means a project for common carrier carbon dioxide transportation infrastructure or associated equipment, including pipeline, shipping, rail, or other transportation infrastructure and associated equipment, that will transport or handle carbon dioxide captured from anthropogenic sources or ambient air, as the Secretary determines to be appropriate. The term “project obligation” means any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of a project, other than a Federal credit instrument. The term “secured loan” means a direct loan to an obligor or a debt obligation issued by an obligor and purchased by the Secretary, in each case funded by the Secretary in connection with the financing of a project under section 16373 of this title . calculated on a net present value basis; and excluding administrative costs and any incidental effects on governmental receipts or outlays in accordance with the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq.). on which the project commences transportation of carbon dioxide; or of a comparable event to the event described in subparagraph (A), as determined by the Secretary and specified in the project credit agreement.