Generally applicable provisions

The following definitions apply to sections 601 through 609: The term “contingent commitment” means a commitment to obligate an amount from future available budget authority that is— The term “eligible project costs” means amounts substantially all of which are paid by, or for the account of, an obligor in connection with a project, including the cost of— The term “lender” means any non-Federal qualified institutional buyer (as defined in section 230.144A(a) of title 17, Code of Federal Regulations (or any successor regulation), 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.)), including— The term “letter of interest” means a letter submitted by a potential applicant prior to an application for credit assistance in a format prescribed by the Secretary on the website of the TIFIA program that— The term “limited buydown” means, subject to the conditions described in section 603(b)(4)(C), a buydown of the interest rate by the obligor if the interest rate has increased between— The term “master credit agreement” means a conditional agreement to extend credit assistance for a program of related projects secured by a common security pledge covered under section 602(b)(2)(A) or for a single project covered under section 602(b)(2)(B) that does not provide for a current obligation of Federal funds, and that would— make contingent commitments of 1 or more secured loans or other Federal credit instruments at future dates, subject to— provide for the obligation of funds for the secured loans or secured Federal credit instruments after all requirements have been met for the projects subject to the master credit agreement, including— The term “obligor” means a party that— The term “project” means— a project that— is a project— a project to improve or construct public infrastructure— that— is a project for economic development, including commercial and residential development, and related infrastructure and activities— for which, by not later than September 30, 2026, the Secretary has— an eligible airport-related project (as defined in section 40117(a) of title 49) for which, not later than September 30, 2025, the Secretary has— a project for the acquisition of plant and wildlife habitat pursuant to a conservation plan that— The term “rural projects fund” means a fund— The term “subsidy amount” means the amount of budget authority sufficient to cover the estimated long-term cost to the Federal Government of a Federal credit instrument— The term “substantial completion” means—