77.1(c)

34 Code of Federal Regulations § 77.1  Definitions that apply to all Department programs.

. . . 
(c) Unless a statute a regulation provides otherwise, the following definitions also apply to the regulations in this title:    
. . .      
   Nonprofit , as applied to an agency, organization, or institution, means that it is owned and operated by one or more corporations or associations whose net earnings do not benefit, and cannot lawfully benefit, any private shareholder or entity.      
. . . 


Last Amended:  64 FR 50392, Sept. 16, 1999
Entered:  Dec. 15, 2008