qualified nonprivate funds
(13) the term “qualified nonprivate funds” means any— (A) funds directly or indirectly invested in any applicant or licensee on or before August 16, 1982 , by any Federal agency, other than the Administration, under a provision of law explicitly mandating the inclusion of those funds in the definition of the term “private capital”; (B) funds directly or indirectly invested in any applicant or licensee by any Federal agency under a provision of law enacted after September 4, 1992 , explicitly mandating the inclusion of those funds in the definition of the term “private capital”; and (C) funds invested in any applicant or licensee by one or more State or local government entities (including any guarantee extended by those entities) in an aggregate amount that does not exceed 33 percent of the private capital of the applicant or licensee;