As used in this chapter, "recommended spread adjustment" means a spread adjustment, or method for calculating or determining the spread adjustment, that:

1. (1) is selected or recommended by a relevant recommending body for:

   1. (A) a recommended benchmark replacement;
   2. (B) a particular type of contract, security, or instrument; and

   3. (C) a particular term;

      to account for the effects of the transition or change from LIBOR to the recommended benchmark replacement; and

2. (2) may:

   1. (A) have a positive or negative value; or
   2. (B) equal zero (0).

As added by P.L.67-2022, SEC.1.