; (B) the bond is issued in registered form; (C) the bond has such terms, and carries interest in such an amount, as determined by the Bank; and (D) payments of interest and principal with respect to the bond is the obligation of the Bank and is backed by the full faith and credit of the United States. (23) Public-private partnership The term public-private partnership means any entity— (A) (i) which is undertaking the development of all or part of an infrastructure project, which will have a public benefit, pursuant to requirements established in one or more contracts between the entity and a State or an instrumentality of a State; or (ii) the activities of which, with respect to such an infrastructure project, are subject to regulation by a State or any instrumentality of a State