§ 24.712   Bidding credits for licenses won for frequency Block C.

   (a) Except with respect to licenses won in closed bidding in auctions that
   begin after March 23, 1999, a winning bidder that qualifies as a small
   business, as defined in § 24.720(b)(1), or a consortium of small businesses
   may  use  a  bidding  credit  of  fifteen  percent,  as  specified  in
   § 1.2110(f)(2)(iii) of this chapter, to lower the cost of its winning bid.

   (b) Except with respect to licenses won in closed bidding in auctions that
   begin after March 23, 1999, a winning bidder that qualifies as a very small
   business,  as  defined in § 24.720(b)(2), or a consortium of very small
   businesses may use a bidding credit of twenty-five percent as specified in
   § 1.2110(f)(2)(ii) of this chapter, to lower the cost of its winning bid.

   (c) Unjust enrichment. The unjust enrichment provisions of § 1.2111(d) and
   (e)(2) of this chapter shall not apply with respect to licenses acquired in
   either the auction for frequency block C that began on December 18, 1995, or
   the reauction of block C spectrum that began on July 3, 1996.

   [ 67 FR 45371 , July 9, 2002, as amended at  68 FR 42999 , July 21, 2003]

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