43 USC § 2421 - Definitions

---
identifier: "/us/usc/t43/s2421"
source: "usc"
legal_status: "official_prima_facie"
title: "43 USC § 2421 - Definitions"
title_number: 43
title_name: "PUBLIC LANDS"
section_number: "2421"
section_name: "Definitions"
chapter_number: 42
chapter_name: "RURAL WATER SUPPLY"
subchapter_number: "II"
subchapter_name: "TWENTY-FIRST CENTURY WATER WORKS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 109–451, title II, § 202, Dec. 22, 2006, 120 Stat. 3356.)"
---


# § 2421. Definitions

In this subchapter:

**(1)** **Indian tribe** section 5304 of title 25

The term “Indian tribe” has the meaning given the term in .

**(2)** **Lender** The term “lender” means—

**1** a non-Federal qualified institutional buyer (as defined in section 230.144A(a) of title 17, Code of Federal Regulation [^1] (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

So in original. Probably should be “Regulations”.

**2** a clean renewable energy bond lender (as defined in section 54(j)(2) [^2] of title 26 (as in effect on December 22, 2006)).

See References in Text note below.

**(3)** **Loan guarantee** section 661a of title 2

The term “loan guarantee” has the meaning given the term “loan guarantee” in .

**(4)** **Non-Federal borrower** 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)** **Obligation** The term “obligation” means a loan or other debt obligation that is guaranteed under this section.

**(6)** **Project** 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)** **Secretary** The term “Secretary” means the Secretary of the Interior.

---

**Source Credit**: (Pub. L. 109–451, title II, § 202, Dec. 22, 2006, 120 Stat. 3356.)

## Editorial Notes

### References in Text

The Securities Act of 1933, referred to in par. (2)(A), is title I of , , 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  and Tables.

, referred to in par. (2)(B), was repealed by , , .

## Statutory Notes and Related Subsidiaries

### Short Title

This subchapter known as the “Twenty-First Century Water Works Act”, see Short Title note set out under .