; (II) compliance with all applicable requirements specified under the CIFIA program, including sections 999B(d) and 999C(b)(1); and (III) the availability of funds to carry out the CIFIA program; and (v) require that contingent commitments shall result in a financial close and obligation of credit or grant assistance by not later than 3 years after the date of entry into the master credit agreement or release of the commitment, as applicable, unless otherwise extended by the Secretary. (10) Obligor The term obligor means a corporation, partnership, joint venture, trust, governmental entity, agency, or instrumentality, or other entity that is primarily liable for payment of the principal of, or interest on, a Federal credit instrument. (11) Produced in the United States The term produced in the United States means, in the case of iron or steel, that all manufacturing processes, including the application of a coating, occur in the United States. (12) Project The term project means a project for common carrier carbon dioxide transportation infrastructure and associated equipment, including pipeline, shipping, rail, or other transportation infrastructure and associated equipment, that will transport or handle carbon dioxide captured from anthropogenic sources or ambient air, as the Secretary determines to be appropriate. (13) Project obligation The term project obligation means any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of a project, other than a Federal credit instrument. (14) Secured loan The term secured loan means a direct loan or other debt obligation issued by an obligor and funded by the Secretary in connection with the financing of a project under section 999C. (15) Subsidy amount The term subsidy amount means the amount of budget authority sufficient to cover the estimated long-term cost to the Federal Government of a Federal credit instrument— (A) calculated on a net present value basis