[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: 13CFR126.501]

[Page 458]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 126_HUBZONE PROGRAM--Table of Contents
 
                  Subpart E_Maintaining HUBZone Status
 
Sec.  126.501  What are a qualified HUBZone SBC's ongoing obligations to SBA?

    A qualified HUBZone SBC must immediately notify SBA of any material 
change that could affect its eligibility. Material change includes, but 
is not limited to, a change in the ownership, business structure, or 
principal office of the concern, or a failure to meet the 35% HUBZone 
residency requirement (See Sec.  126.200 for certain eligibility 
requirements). The notification must be in writing, and must be sent or 
delivered to the AA/HUB to comply with this requirement. Failure of a 
qualified HUBZone SBC to notify SBA of such a material change may result 
in decertification and removal from the List pursuant to Sec.  126.504. 
In addition, SBA may seek the imposition of penalties under Sec.  
126.900. If the concern later becomes eligible for the program, it must 
apply for certification pursuant to Sec. Sec.  126.300 through 126.306.

[69 FR 29424, May 24, 2004]