[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 1999]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR126.501]

[Page 311-312]
 
                               ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 126--HUBZONE PROGRAM--Table of Contents
 
                  Subpart E--Maintaining HUBZone Status
 
Sec. 126.501  What are a qualified HUBZone SBC's ongoing obligations to SBA?

    The concern must immediately notify SBA of any material change which 
could affect its eligibility. The notification must be in writing, and 
must be sent or delivered to the AA/HUB to comply with this requirement. 
Failure of a qualified HUBZone SBC to notify SBA of such a material 
change will result in immediate de-certification and removal from the 
List, and SBA may

[[Page 312]]

seek the imposition of penalties under Sec. 126.900. If the concern 
later becomes eligible for the program, the concern must apply for 
certification pursuant to Secs. 126.300 through 126.309 and must include 
with its application for certification a full explanation of why it 
failed to notify SBA of the material change. If SBA is not satisfied 
with the explanation provided, SBA may decline to certify the concern 
pursuant to Sec. 126.306.