[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR126.401]

[Page 457]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 126_HUBZONE PROGRAM--Table of Contents
 
                     Subpart D_Program Examinations
 
Sec.  126.401  What is a program examination and what will SBA examine?

    (a) General. A program examination is an investigation by SBA 
officials, which verifies the accuracy of any certification made or 
information provided as part of the HUBZone application process or in 
connection with a HUBZone contract. Thus, examiners may verify that the 
concern currently meets the program's eligibility requirements, and that 
it met such requirements at the time of its application for 
certification, its most recent recertification, or its certification in 
connection with a HUBZone contract.
    (b) Scope of review. Examiners may conduct the review, or parts of 
the review, at one or all of the concern's offices. SBA will determine 
the location of the examination. Examiners may review any information 
related to the concern's eligibility requirements including, but not 
limited to, documentation related to the location and ownership of the 
concern, the employee percentage requirements, and the concern's 
``attempt to maintain'' (see Sec.  126.103) this percentage. The concern 
must document each employee's residence address through employment 
records. The examiner also may review property tax, public utility or 
postal records, and other relevant documents. The concern must retain 
documentation demonstrating satisfaction of the employee residence and 
other qualifying requirements for 6 years from date of submission of the 
application and any recertifications issued to SBA.

[69 FR 29423, May 24, 2004]