Okla. Admin. Code § 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.
Notes
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