[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: 47CFR27.502] [Page 395] TITLE 47--TELECOMMUNICATION CHAPTER I--FEDERAL COMMUNICATIONS COMMISSION (CONTINUED) PART 27_MISCELLANEOUS WIRELESS COMMUNICATIONS SERVICES--Table of Contents Subpart F_Competitive Bidding Procedures for the 746-764 MHz and 776-794 MHz Bands Sec. 27.502 Designated entities. Eligibility for small business provisions. (a) 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. (b) 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. [67 FR 45374, July 9, 2002, as amended at 68 FR 43000, July 21, 2003]