13 C.F.R. § 126.602 Must a qualified HUBZone SBC maintain the employee residency percentage during contract performance?
Title 13 - Business Credit and Assistance
Qualified HUBZone SBCs eligible for the program pursuant to §126.200(b) must “attempt to maintain” (See §126.103) the required percentage of employees who reside in a HUBZone during the performance of any contract awarded to the concern on the basis of its HUBZone status. Qualified HUBZone SBCs eligible for the program pursuant to §126.200(a) must have at least 35% of its employees engaged in performing a HUBZone contract residing within any Indian reservation governed by one or more of the concern's Indian Tribal Government owners, or residing within any HUBZone adjoining any such Indian reservation. To monitor compliance, SBA will conduct program examinations, pursuant to §§126.400 through 126.403, where appropriate. [69 FR 29425, May 24, 2004]
Title 13: Business Credit and Assistance
PART 126—HUBZONE PROGRAM
Subpart F—Contractual Assistance
§ 126.602 Must a qualified HUBZone SBC maintain the employee residency percentage during contract performance?
