; and (ii) a governmental plan (as defined in section 414(d) of the Internal Revenue Code of 1986 ( 26 U.S.C. 414(d) )) that is a qualified institutional buyer. (5) Loan guarantee The term loan guarantee means any guarantee or other pledge by the Secretary to pay all or part of the principal of, and interest on, a loan or other debt obligation issued by an entity and funded by a lender. (6) 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, must occur in the United States. (7) Project obligation (A) In general The term project obligation means any note, bond, debenture, or other debt obligation issued by an entity in connection with the financing of a project. (B) Exclusion Such term does not include a Federal credit instrument. (8) Rating agency The term rating agency means a credit rating agency registered with the Securities and Exchange Commission as a nationally recognized statistical rating organization (as defined in section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) )). (9) Secured loan The term secured loan means a direct loan or other debt obligation issued by an entity and funded by the Secretary in connection with the financing of a project under this section. (10) State The term State means— (A) a State; (B) the District of Columbia; (C) the Commonwealth of Puerto Rico