; and (B) the amount of the present value, as of the date of the calculation, of any interest subsidy provided through the repayment terms to the Treasury over similarly structured municipal bond financing available to the non-Federal entity on the disbursement of the reimbursable Federal funds for the project. (3) Non-Federal pool The term non-Federal pool means each of pools 22 through 40 of the California Aqueduct, which are owned by the State and operated by the California Department of Water Resources. (4) Secretary The term Secretary means the Secretary of the Interior, acting through the Commissioner of Reclamation. (5) State The term State means the State of California. 4. Friant-kern canal and delta-mendota canal subsidence mitigation projects (a) In general The Secretary may provide financial assistance for the design, planning, and construction of— (1) Federal facility improvements to the Friant Division, Central Valley Project, California, under section 10201(a)(1) of the San Joaquin River Restoration Settlement Act ( Public Law 111–11 ; 123 Stat. 1365); and (2) a project to restore conveyance capacity at, and to mitigate subsidence-related impacts on, the Delta-Mendota Canal, through a partnership with— (A) a public water agency that contracts for the delivery of Central Valley Project water