StacksVerified U.S. regulatory reference

47 CFR §24.321

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Eligibility for small business provisions.
    1. (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. (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.
  2. (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 § 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 § 1.2110(f)(2)(ii) of this chapter.
  3. (c)[Reserved]