responsible for managing the Bank’s treasury oper-
ations. 
(14) COMMUNITY DEVELOPMENT INFRASTRUC-
TURE
PROJECT.—The term ‘‘community develop-
ment infrastructure project’’ means any project for 
the development of affordable housing, transpor-
tation, water infrastructure, schools, affordable 
broadband, public parks and recreation, libraries, or 
public facilities that train workers and build labor 
skills. 
(15) CONNECTIVITY.—The term ‘‘connectivity’’ 
means the linkages in transportation, energy, com-
munications, and community development infrastruc-
ture, as well as manufacturing and data centers, 
that tie geographic areas together into economic 
units, including networks of commuter routes, rail-
ways, shipping lanes, and internet cables, including 
geomatic data of the kind now collected by the De-
partment of Transportation. 
(16) COST
BENEFIT
ANALYSIS.—The term 
‘‘cost benefit analysis’’ means the comparison of the 
stream of costs for a potential project over its useful 
lifetime, to its public benefits over that time, with 
cost and benefit flows expressed on a common basis 
in terms of net present value. 
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(17) DEVELOPMENT.—The terms ‘‘develop-
ment’’ and ‘‘develop’’ mean, with respect to an infra-
structure project, any— 
(A) preconstruction planning, feasibility re-
view for stand-alone projects or for bundled 
projects, permitting, design work, life-cycle 
maintenance 
planning, 
and 
other 
preconstruction activities; and 
(B) construction, reconstruction, rehabili-
tation, replacement, or expansion. 
(18) DIRECT LOAN.—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). 
(19) DISADVANTAGED COMMUNITY.—The term 
‘‘disadvantaged community’’ means a county, city, 
partial census tract area, or Tribal government, with 
any of the following characteristics: 
(A) Persistent poverty, meaning 20 percent 
or more of its population living in poverty over 
the past 30 years, as measured by the 1990 
and 2000 decennial censuses, and 2007–2011 
American Community Survey 5–6 year average, 
or any territory or possession of the United 
States. 
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(B) A federally recognized area of eco-
nomic distress, meaning— 
(i) a HUBZone, as that term is de-
fined in section 31(b) of the Small Busi-
ness Act (15 U.S.C. 657a(b)); or 
(ii) an area that— 
(I) has been designated as an 
empowerment 
zone 
under 
section 
1391 of the Internal Revenue Code of 
1986; 
(II) a Promise Zone by the Sec-
retary of Housing and Urban Devel-
opment; or 
(III) is a low or moderate income 
area, as determined by the Depart-
ment of Housing and Urban Develop-
ment; or 
(iii) a qualified opportunity zone, as 
defined in section 1400Z–1 of the Internal 
Revenue Code of 1986. 
(20) ENERGY
INFRASTRUCTURE
PROJECT.— 
The term ‘‘energy infrastructure project’’ means any 
project for energy transmission and distribution, en-
ergy generation as needed, or energy efficiency, co-
ordination, and reliability. 
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(21) ENTITY.—The term ‘‘entity’’ means— 
(A) a State, municipality, or other govern-
mental agency (including a political subdivision 
or any other instrumentality of a State or a re-
volving fund); 
(B) a publicly owned utility; 
(C) a public authority, public corporation, 
cooperative, or Federal agency, any of which is 
authorized to contract indebtedness; 
(D) an Indian tribe, including Tribal elect-
ed leadership, or an infrastructure authority 
owned by a Tribe; 
(E) a partnership (including a public-pri-
vate partnership); 
(F) a joint venture; or 
(G) a trust. 
(22) 
ENVIRONMENTAL
INFRASTRUCTURE 
PROJECT.—The term ‘‘environmental infrastructure 
project’’ means any project for the establishment, 
deferred maintenance, or enhancement, including se-
curity enhancement, of any drinking water and 
wastewater treatment facility, storm water manage-
ment system, flood gate, dam, levee, dredging, wet-
land restoration or other open space conservation, 
infill development, solid waste disposal facility, haz-
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ardous waste facility, or industrial site cleanup or 
remediation project. 
(23) GENERAL COUNSEL.—The term ‘‘general 
counsel’’ means the individual who serves as the 
chief lawyer for the Bank. 
(24) GREENHOUSE GASES.—The term ‘‘green-
house gases’’ means any man-made gas designated 
as a greenhouse gas by the Administrator of the En-
vironmental Protection Agency. 
(25) INFRASTRUCTURE
PROJECT.—The term 
‘‘infrastructure project’’ means any transportation, 
energy, environmental, telecommunications, commu-
nity development, or other infrastructure project for 
which a development plan is presented to the Bank 
for financing. It shall exclude military infrastruc-
ture. 
(26) LOCAL
FINANCIAL
INSTITUTION.—The 
term ‘‘local financial institution’’ means a certified 
community development financial institution or cred-
it union, as defined in section 165 of the Financial 
Code, or a small bank or an intermediate small 
bank, as defined in section 25.12 of title 12 of the 
Code of Federal Regulations, or a State public bank. 
(27) LOAN GUARANTEE.—The term ‘‘loan guar-
antee’’ has the same meaning as in section 502 of 
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