[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: 13CFR126.602]

[Page 459]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 126_HUBZONE PROGRAM--Table of Contents
 
                    Subpart F_Contractual Assistance
 
Sec.  126.602  Must a qualified HUBZone SBC maintain the employee residency 

percentage during contract performance?

    Qualified HUBZone SBCs eligible for the program pursuant to Sec.  
126.200(b) must ``attempt to maintain'' (See Sec.  126.103) the required 
percentage of employees who reside in a HUBZone during the performance 
of any contract awarded to the concern on the basis of its HUBZone 
status. Qualified HUBZone SBCs eligible for the program pursuant to 
Sec.  126.200(a) must have at least 35% of its employees engaged in 
performing a HUBZone contract residing within any Indian reservation 
governed by one or more of the concern's Indian Tribal Government 
owners, or residing within any HUBZone adjoining any such Indian 
reservation. To monitor compliance, SBA will conduct program 
examinations, pursuant to Sec. Sec.  126.400 through 126.403, where 
appropriate.

[69 FR 29425, May 24, 2004]

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