Sec.  24.712   Bidding credits for licenses won for frequency Block C.

   (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.

   (c) Unjust enrichment. The unjust enrichment provisions of  Sec. 1.2111(d) and
   (e)(2) of this chapter shall not apply with respect to licenses acquired in
   either the auction for frequency block C that began on December 18, 1995, or
   the reauction of block C spectrum that began on July 3, 1996.

   [ 67 FR 45371 , July 9, 2002, as amended at  68 FR 42999 , July 21, 2003]