such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That such amounts are available to subsidize gross obligations for the principal amount of direct loans, and total loan principal, any part of which is to be guaranteed, not to exceed $984,000,000: Provided further, That the Secretary of Defense ( Secretary ) and the Director of the Office of Management and Budget ( Director ) shall jointly develop criteria for project eligibility for direct loans and loan guarantees authorized by section 903(b) of the National Defense Authorization Act for Fiscal Year 2024 ( Public Law 118–31 ) that limit Federal participation in a project consistent with the requirements for the budgetary treatment provided for in section 504 of the Federal Credit Reform Act of 1990 and based on the recommendations contained in the 1967 Report of the President’s Commission on Budget Concepts: Provided further, That the Secretary and the Director shall, not later than 120 days after the date of enactment of this Act, report such criteria to the Subcommittees on Defense of the Committees on Appropriations of the House of Representatives and the Senate and certify in that report that the criteria are compliant with this section: Provided further , That in the event that a report is not completed and certified within 120 days, the Secretary and the Director shall provide a joint explanatory briefing on program establishment progress and estimated completion time: Provided further, That, in developing the criteria to be used, the Secretary and the Director shall consult with the Director of the Congressional Budget Office: Provided further, That the requirements of section 553 of title 5, United States Code, shall not apply to the development of such criteria: Provided further, That the use of direct loans or loan guarantee authority under this section for direct loans or commitments to guarantee loans for any project using funds provided by this section shall be in accordance with such