responsible for information technology and the day-to-day operations of the Bank. (10) Chief risk officer The term chief risk officer or CRO means the chief individual responsible for managing operational and compliance-related risks of the Bank. (11) Chief treasury officer The term chief treasury officer means the chief individual responsible for managing the Bank’s treasury operations. (12) Development The terms development and develop mean, with respect to an infrastructure project, any— (A) preconstruction planning, feasibility review, permitting, design work, life-cycle maintenance planning, and other preconstruction activities