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]

Subpart G—Interim Application, Licensing and Processing Rules for Narrowband
PCS

   Source:    59 FR 26749 , May 24, 1994, unless otherwise noted.