CFR 13-121.108-2013 Business Credit and Assistance. Part121:Small business size regulations. Section121.108:What are the requirements for representing small business size status, and what are the penalties for misrepresentation?
(a) Presumption of Loss Based on the Total Amount Expended. In every contract, subcontract, cooperative agreement, cooperative research and development agreement, or grant which is set aside, reserved, or otherwise classified as intended for award to small business concerns, there shall be a presumption of loss to the United States based on the total amount expended on the contract, subcontract, cooperative agreement, cooperative research and development agreement, or grant whenever it is established that a business concern other than a small business concern will fully sought and received the award by misrepresentation.
CFR 13-121.108-2013 history
2013CFR 13-121.108-2013 Business Credit and Assistance. Part121:Small business size regulations. Section121.108:What are the requirements for representing small business size status, and what are the penalties for misrepresentation?