Section 9.304 - Eligibility for CertificationTo be eligible for certification as an SBE:
(1) a firm's annual gross receipts, including the annual gross receipts of all of the firm's affiliates, for the three preceding completed fiscal years may not have exceeded the United States Small Business Administration's size standard for the North American Industry Classification Code, as provided by 13 C.F.R. §121.201, that is designated as the principal business of the firm; and(2) at least 51 percent of the firm's assets and interest and classes of stock and equitable securities, if applicable, must be owned by one or more persons who are United States citizens or lawfully admitted permanent residents.43 Tex. Admin. Code § 9.304
The provisions of this §9.304 adopted to be effective September 1, 2012, 37 TexReg 5320