Page:United States Statutes at Large Volume 114 Part 1.djvu/132

 114 STAT. 96 PUBLIC LAW 106-181—APR. 5, 2000 SEC. 210. REGIONAL JET SERVICE FOR SMALL COMMUNITIES. (a) IN GENERAL. —Chapter 417 is amended by adding at the end the following: " SUBCHAPTER III—REGIONAL AIR SERVICE INCENTIVE PROGRAM "§ 41761. Purpose "The purpose of this subchapter is to improve service by jet aircraft to underserved markets by providing assistance, in the form of Federal credit instruments, to commuter air carriers that purchase regional jet aircraft for use in serving those markets. "§ 41762. Definitions "In this subchapter, the following definitions apply: "(1) AIR CARRIER.— The term 'air carrier' means any air carrier holding a certificate of public convenience and necessity issued by the Secretary of Transportation under section 41102. "(2) AIRCRAFT PURCHASE.— The term 'aircraft purchase' means the purchase of commercial transport aircraft, including spare parts normally associated with the aircraft. "(3) CAPITAL RESERVE SUBSIDY AMOUNT.—The term 'capital reserve subsidy amount' means the amount of budget authority sufficient to cover estimated long-term cost to the United States Government of a Federal credit instrument, calculated on a net present value basis, excluding administrative costs and any incidental effects on Government receipts or outlays in accordance with provisions of the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.). "(4) COMMUTER AIR CARRIER.— The term 'commuter air carrier' means an air carrier that primarily operates aircraft designed to have a maximum passenger seating capacity of 75 or less in accordance with published flight schedules. "(5) FEDERAL CREDIT INSTRUMENT.—The term 'Federal credit instrument' means a secured loan, loan guarantee, or line of credit authorized to be made under this subchapter. "(6) FINANCIAL OBLIGATION. —The term 'financial obligation' means any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of an aircraft purchase, other than a Federal credit instrument. "(7) LENDER.— The term 'lender' means any non-Federal qualified institutional buyer (as defined by section 230.144A(a) of title 17, Code of Federal Regulations (or any successor regulation) known as Rule 144A(a) of the Security and Exchange Commission and issued under the Security Act of 1933 (15 U.S.C. 77a et seq.)), including— "(A) a qualified retirement plan (as defined in section 4974(c) of the Internal Revenue Code of 1986) that is a qualified institutional buyer; and "(B) a governmental plan (as defined in section 414(d) of the Internal Revenue Code of 1986) that is a qualified institutional buyer. "(8) LINE OF CREDIT.— The term 'line of credit' means an agreement entered into by the Secretary with an obligor under section 41763(d) to provide a direct loan at a future date upon the occurrence of certain events.

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