---
kind: "section"
citation: "2 C.F.R. § 700.13"
title: "2"
number: "700.13"
heading: "Additional provisions for awards to for-profit entities."
url: "https://uscodex.org/cfr/2/700.13"
---

# §700.13. Additional provisions for awards to for-profit entities.

- (a) **This paragraph contains additional provisions that apply to awards to for-profit entities.** These provisions supplement and make exceptions for awards to for-profit entities from other provisions of this part.
  - (1) **Prohibition against profit.** The agency or pass-through entity will not provide funds as profit to any for-profit entity receiving or administering Federal financial assistance as a recipient or subrecipient. Federal financial assistance does not include contracts as defined at [2 CFR 200.1](/cfr/2/200.1.md), other contracts a Federal agency uses to buy goods or services from a contractor, or contracts to operate Federal government owned, contractor operated facilities (GOCOs). Profit is any amount in excess of allowable direct and indirect costs.
  - (2) [Reserved]
- (b) [Reserved]

## Notes

### Authority

Authority: Sec. 621, Public L. 87-195, 75 Stat 445, (22 U.S.C. 2381) as amended, E.O. 12163, Sept 29, 1979, 44 FR 56673; 2 CFR 1979 Comp., p. 435.

### Source

Source: 89 FR 63074, Aug. 2, 2024, unless otherwise noted.