Definitions
In this chapter, the following definitions shall apply:
Appropriate committees of Congress
The term “appropriate committees of Congress” means—
the Committee on Small Business and Entrepreneurship, the Committee on Agriculture, Nutrition, and Forestry, the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on the Budget, and the Committee on Appropriations of the Senate; and
the Committee on Small Business, the Committee on Agriculture, the Committee on Financial Services, the Committee on Ways and Means, the Committee on the Budget, and the Committee on Appropriations of the House of Representatives.
Appropriate Federal banking agency
The term “appropriate Federal banking agency”—
has the same meaning as in section 1813(q) of this title; and
includes the National Credit Union Administration Board in the case of any credit union the deposits of which are insured in accordance with the Federal Credit Union Act [12 U.S.C. 1751 et seq.].
Enrolled loan
Federal contribution
Financial institution
Participating State
Program
Qualifying loan or swap funding facility
The term “qualifying loan or swap funding facility” means a contractual arrangement between a participating State and a private financial entity under which—
the participating State delivers funds to the entity as collateral;
the entity provides funding from the arrangement back to the participating State; and
the full amount of resulting funding from the arrangement, less any fees and other costs of the arrangement, is contributed to, or for the account of, an approved State program.
Reserve fund
The term “reserve fund” means a fund, established by a participating State, dedicated to a particular financial institution lender, for the purposes of—
depositing all required premium charges paid by the financial institution lender and by each borrower receiving a loan under an approved State program from that financial institution lender;
depositing contributions made by the participating State, including State contributions made with Federal contributions; and
covering losses on enrolled loans by disbursing accumulated funds.
State
The term “State” means—
a State of the United States;
the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of Northern Mariana Islands, Guam, American Samoa, and the United States Virgin Islands;
when designated by a State of the United States, a political subdivision of that State that the Secretary determines has the capacity to participate in the Program; and
under the circumstances described in section 5703(d) of this title, a municipality of a State of the United States to which the Secretary has given a special permission under section 5703(d) of this title.
State capital access program
The term “State capital access program” means a program of a State that—
uses public resources to promote private access to credit; and
meets the eligibility criteria in section 5704(c) of this title.
State other credit support program
The term “State other credit support program”—
means a program of a State that—
uses public resources to promote private access to credit;
is not a State capital access program; and
meets the eligibility criteria in section 5705(c) of this title; and
includes, collateral support programs, loan participation programs, State-run venture capital fund programs, and credit guarantee programs.