the Secretary. (d) Receipt of other Federal funding Receipt of a Federal grant or contract or other Federal funding to support an eligible project shall not preclude the project from being eligible for assistance under this Act. 6. Selection criteria (a) Establishment The Secretary shall establish criteria for the selection of one or more projects that meet the eligibility requirements section 5 in accordance with paragraph (2). The Secretary may enter into a master credit agreement for a projects secured by a common security pledge on terms acceptable to the Secretary. (b) Criteria The selection criteria shall include the following: (1) The extent to which the project is nationally or regionally significant. (2) The extent to which assistance under this section would foster innovative public-private partnerships and attract private debt or equity investment. (3) The likelihood that assistance under this section would enable the project to proceed at an earlier date than the project would otherwise be able to proceed. (4) The extent to which the project uses new or innovative approaches. (5) The amount of budget authority required to fund the Federal credit instrument made available under this Act. (6) The extent to which the project helps maintain or protect the environment. 7. Federal requirements (a) Effect of section Nothing in this section supersedes the applicability of other requirements of Federal law (including regulations). (b) NEPA A Federal action carried out regarding a loan or loan guarantee provided under this Act shall not be considered to be a Federal action for purposes of the National Environmental Policy Act of 1969 ( 42 U.S.C. 4321 et seq.). 8. Secured loans (a) Agreements (1) In general Subject to paragraphs (2) through (4), the Secretary may enter into agreements with one or more obligors to make secured loans, the proceeds of which shall be used— (A) to finance eligible project costs of any project selected under section 6