nonprofit entity

(5) Nonprofit entity .— The term “nonprofit entity” means any organization described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under 501(a) of that Code that has been formed for the purpose of economic development.

Source

40 USC § 15101(5)


Scoping language

None identified, default scope is assumed to be the parent (chapter 151) of this section.
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