[Code of Federal Regulations]

[Title 47, Volume 2]

[Revised as of October 1, 2004]

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]