### Question
How is the "master credit agreement" defined?


### Answer
The term **master credit agreement** is defined in *23 U.S.C. § 601* as follows -

> a conditional agreement to extend credit assistance for a program of related projects secured by a common security pledge covered under section 602(b)(2)(A) or for a single project covered under section 602(b)(2)(B) that does not provide for a current obligation of Federal funds, and that would—


(A) make contingent commitments of 1 or more secured loans or other Federal credit instruments at future dates, subject to—


(i) the availability of future funds being made available to carry out the TIFIA program

#### Citation:
  - *23 U.S.C. § 601*
  - Heading: **CHAPTER 6-INFRASTRUCTURE FINANCE**

