32 C.F.R. § 37.1315   Nonprofit organization.


Title 32 - National Defense


Title 32: National Defense
PART 37—TECHNOLOGY INVESTMENT AGREEMENTS
Subpart J—Definitions of Terms Used in This Part

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§ 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.

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