[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: 47CFR24.321]

[Page 246]
 
                       TITLE 47--TELECOMMUNICATION
 
                    CHAPTER I--FEDERAL COMMUNICATIONS
                         COMMISSION (CONTINUED)
 
PART 24--PERSONAL COMMUNICATIONS SERVICES--Table of Contents
 
      Subpart F--Competitive Bidding Procedures for Narrowband PCS
 
Sec. 24.321  Designated entities.

    (a) Eligibility for small business provisions. (1) A small business 
is an entity that, together with its controlling interests and 
affiliates, has average gross revenues not exceeding $ 40 million for 
the preceding three years.
    (2) A very small business is an entity that, together with its 
controlling interests and affiliates, has average gross revenues not 
exceeding $ 15 million for the preceding three years.
    (b) Bidding credits. After August 7, 2000, 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)(iii) of this chapter. 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)(ii) of this chapter.
    (c) Installment payments. Small businesses that are winning bidders 
on any regional license prior to August 7, 2000 will be eligible to pay 
the full amount of their winning bids in installments over the term of 
the license pursuant to the terms set forth in Sec. 1.2110(g) of this 
chapter.

[67 FR 45367, July 9, 2002, as amended at 68 FR 42998, July 21, 2003]