32 CFR 37.1315 - Nonprofit organization.

Regulations last checked for updates: Oct 17, 2024

Title 32 - National Defense last revised: Oct 15, 2024

§ 37.1315 - Nonprofit organization.

(a) Any corporation, trust, association, cooperative or other organization that:

(1) Is operated primarily for scientific, educational, service, or similar purposes in the public interest.

(2) Is not organized primarily for profit; and

(3) Uses its net proceeds to maintain, improve, or expand the operations of the organization.

(b) The term includes any nonprofit institution of higher education or nonprofit hospital.

authority: 5 U.S.C. 301 and 10 U.S.C. 113.

source: 68 FR 47160, Aug. 7, 2003, unless otherwise noted.

cite as: 32 CFR 37.1315