Okla. Admin. Code § 150:75-1-4

Current through Vol. 42, No. 7, December 16, 2024

Section 150:75-1-4 - Length of certification

(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.

Okla. Admin. Code § 150:75-1-4

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