(1)
Federal pool— The term Federal pool means each of pools 13 through 21 of the San Luis Canal/California Aqueduct, which are owned by the United States and operated by the California Department of Water Resources under the agreement entitled “Agreement Between the United States of America and the Department of Water Resources of the State of California for the Construction and Operation of the Joint-Use Facilities of the San Luis Unit” and dated December 30, 1961.
(2)
Net present value of the local contribution to reimbursable Federal funding— The term net present value of the local contribution to reimbursable Federal funding means, with respect to a project, the amount equal to the difference between—
(A)
the total amount of reimbursable Federal funds made available for a project; 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.