22 C.F.R. § 226.81 Prohibition against profit.
Title 22 - Foreign Relations
No funds shall be paid as profit to any recipient that is a commercial organization. Profit is any amount in excess of allowable direct and indirect costs.
Title 22: Foreign Relations
PART 226—ADMINISTRATION OF ASSISTANCE AWARDS TO U.S. NON-GOVERNMENTAL ORGANIZATIONS
Subpart E—Additional Provisions For Awards to Commercial Organizations
§ 226.81 Prohibition against profit.
