SECTION 150:75-1-4. Length of certification

Latest version.

(a)   Certification of an incubator shall be valid for ten (10) years unless one of the following events occur:
(1)   There is a change in ownership other than those upon whom certification was based; or
(2)   Tenants occupying incubator space exceed "small business" size standards for their industry as defined by the U. S. Small Business Administration's Code of Federal Regulations, Title 13, Part 121; or
(3)   Oklahoma Tax Commission deems sponsor ineligible for tax incentives under this program resulting in a request for incubator de-certification.
(b)   Certification decisions made by the Department are final.
(c)   Re-certification is required prior to the expiration date of each ten-year period by filing a new certification application.

[Source: Added at 16 Ok Reg 3392, eff 8-12-99; Amended at 18 Ok Reg 3506, eff 9-14-01]

                    
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