§2421 — Title 43 Public Lands | U.S. Code

Summary

Gives plain meanings for key words used in this part of the law. Indian tribe — same meaning as in 25 U.S.C. 5304. Lender — either a non‑Federal qualified institutional buyer as defined in 17 CFR 230.144A(a) (Rule 144A) or a clean renewable energy bond lender as defined in 26 U.S.C. 54(j)(2) as in effect on December 22, 2006. Loan guarantee — has the meaning found in 2 U.S.C. 661a. Non‑Federal borrower — a State (including its departments, agencies, or local governments) or entities like conservancy or irrigation districts, canal companies, water users’ associations, Indian tribes, interstate compact agencies, or any entity that can contract under Federal reclamation law. Obligation — a loan or debt guaranteed here. Project — covers rural water supply projects, major operation/repair or replacement of reclamation facilities, or water infrastructure improvements tied to a reclamation project that the Secretary finds improve water management and meet Federal goals. Secretary — the Secretary of the Interior.

Title 43, §2421

Public Lands — Source: USLM XML via OLRC

In this subchapter:

(1)The term “Indian tribe” has the meaning given the term in section 5304 of title 25.

(2)The term “lender” means—

(A)a non-Federal qualified institutional buyer (as defined in section 230.144A(a) of title 17, Code of Federal Regulation 11 So in original. Probably should be “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.)); or

(B)a clean renewable energy bond lender (as defined in section 54(j)(2) 22 See References in Text note below. of title 26 (as in effect on December 22, 2006)).

(3)The term “loan guarantee” has the meaning given the term “loan guarantee” in section 661a of title 2.

(4)The term “non-Federal borrower” means—

(A)a State (including a department, agency, or political subdivision of a State); or

(B)a conservancy district, irrigation district, canal company, water users’ association, Indian tribe, an agency created by interstate compact, or any other entity that has the capacity to contract with the United States under Federal reclamation law.

(5)The term “obligation” means a loan or other debt obligation that is guaranteed under this section.

(6)The term “project” means—

(A)a rural water supply project (as defined in section 2401(9) of this title);

(B)an extraordinary operation and maintenance activity for, or the rehabilitation or replacement of, a facility—

(i)that is authorized by Federal reclamation law and constructed by the United States under such law; or

(ii)in connection with which there is a repayment or water service contract executed by the United States under Federal reclamation law; or

(C)an improvement to water infrastructure directly associated with a reclamation project that, based on a determination of the Secretary—

(i)improves water management; and

(ii)fulfills other Federal goals.

(7)The term “Secretary” means the Secretary of the Interior.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Securities Act of 1933, referred to in par. (2)(A), is title I of act May 27, 1933, ch. 38, 48 Stat. 74, which is classified generally to subchapter I (§ 77a et seq.) of chapter 2A of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see section 77a of Title 15 and Tables. Section 54 of title 26, referred to in par. (2)(B), was repealed by Pub. L. 115–97, title I, § 13404(a), Dec. 22, 2017, 131 Stat. 2138.

§2421 Definitions

Summary

Title 43, §2421

Notes & Related Subsidiaries

Editorial Notes

References in Text

Statutory Notes and Related Subsidiaries

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