- (a) The commission will conduct certification reviews of applicants and random compliance reviews of certified businesses by auditing them to verify the information submitted by a business is accurate, and the business continues to meet all HUB eligibility requirements after certification has been granted. Certification is subject to revocation if it is determined that a business does not qualify as an historically underutilized business. Certification and compliance reviews of any business may be conducted upon determining a review is warranted.
- (b) Businesses subject to certification and compliance reviews must provide the commission with any information requested to verify the certification eligibility of the business.
- (c) In order to be qualified, the applicant's business documentation shall be reviewed to substantiate an applicant's level of participation and control, and must demonstrate responsibility in the critical areas of the business' operation. Eligible owners must be able to make independent and unilateral business decisions which guide the future and destiny of the business, and must be proportionately responsible for the direction and management of the business. Absentee or titular ownership by eligible owners who do not take an active role in controlling and participating in the business is not consistent with the definition of a HUB.
- (d) Meet all other certification and compliance requirements identified in the Commission's HUB Policies and Procedures used to determined eligibility.
Source Note:The provisions of this §111.21 adopted to be effective October 4, 1995, 20 TexReg 7473; amended to be effective December 7, 1997, 22 TexReg 11651.