[Code of Federal Regulations] [Title 13, Volume 1] [Revised as of January 1, 2003] From the U.S. Government Printing Office via GPO Access [CITE: 13CFR126.503] [Page 422] TITLE 13--BUSINESS CREDIT AND ASSISTANCE CHAPTER I--SMALL BUSINESS ADMINISTRATION PART 126--HUBZONE PROGRAM--Table of Contents Subpart E--Maintaining HUBZone Status Sec. 126.503 When is a concern removed from the List? If SBA determines at any time that a HUBZone SBC is not qualified, SBA may de-certify the HUBZone SBC, remove the concern from the List, and seek imposition of penalties pursuant to Sec. 126.900. An adverse finding in the resolution of a protest also may result in de- certification and removal from the List, and the imposition of penalties pursuant to Sec. 126.900. Failure to notify SBA of a material change which could affect a concern's eligibility will result in immediate de- certification, removal from the List, and SBA may seek the imposition of penalties under Sec. 126.900.