Sec.  73.855   Ownership limits.

   (a) No authorization for an LPFM station shall be granted to any party if
   the grant of that authorization will result in any such party holding an
   attributable interest in two or more LPFM stations.

   (b) Not-for-profit organizations and governmental entities with a public
   safety purpose may be granted multiple licenses if:

   (1) One of the multiple applications is submitted as a priority application;
   and

   (2) The remaining non-priority applications do not face a mutually exclusive
   challenge.

   [ 73 FR 3216 , Jan. 17, 2008]