[Code of Federal Regulations]
[Title 47, Volume 2]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 47CFR22.229]

[Page 121]
 
                       TITLE 47--TELECOMMUNICATION
 
                    CHAPTER I--FEDERAL COMMUNICATIONS
                         COMMISSION (CONTINUED)
 
PART 22--PUBLIC MOBILE SERVICES--Table of Contents
 
            Subpart B--Licensing Requirements and Procedures
 
Sec. 22.229  Designated entities.

    (a) Eligibility for small business provisions. (1) A very small 
business is an entity that, together with its controlling interests and 
affiliates, has average annual gross revenues not exceeding $3 million 
for the preceding three years.
    (2) A small business is an entity that, together with its 
controlling interests and affiliates, has average annual gross revenues 
not exceeding $15 million for the preceding three years.
    (3) An entrepreneur is an entity that, together with its controlling 
interests and affiliates, has average annual gross revenues not 
exceeding $40 million for the preceding three years.
    (b) Bidding credits. A winning bidder that qualifies as a very small 
business, as defined in this section, or a consortium of very small 
businesses may use the bidding credit specified in Sec. 1.2110(f)(2)(i) 
of this chapter. A winning bidder that qualifies as a small business, as 
defined in this section, or a consortium of small businesses may use the 
bidding credit specified in Sec. 1.2110(f)(2)(ii) of this chapter. A 
winning bidder that qualifies as an entrepreneur, as defined in this 
section, or a consortium of entrepreneurs may use the bidding credit 
specified in Sec. 1.2110(f)(2)(iii) of this chapter.

[67 FR 11434, Mar. 14, 2002, as amended at 68 FR 42998, July 21, 2003]

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