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