Sec.  24.717   Bidding credits for licenses for frequency Block F.

   (a) Except with respect to licenses won in closed bidding in auctions that
   begin after March 23, 1999, a winning bidder that qualifies as a small
   business, as defined in  Sec. 24.720(b)(1), or a consortium of small businesses
   may use a bidding credit of fifteen percent, as specified in
    Sec. 1.2110(f)(2)(iii) of this chapter, to lower the cost of its winning bid.

   (b) Except with respect to licenses won in closed bidding in auctions that
   begin after March 23, 1999, a winning bidder that qualifies as a very small
   business, as defined in  Sec. 24.720(b)(2), or a consortium of very small
   businesses may use a bidding credit of twenty-five percent as specified in
    Sec. 1.2110(f)(2)(ii) of this chapter, to lower the cost of its winning bid.

   [ 68 FR 42999 , July 21, 2003]