47 CFR § 24.712 - Bidding credits for licenses won for frequency Block C.

---
identifier: "/us/cfr/t47/s24.712"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "47 CFR § 24.712 - Bidding credits for licenses won for frequency Block C."
title_number: 47
title_name: "Telecommunication"
section_number: "24.712"
section_name: "Bidding credits for licenses won for frequency Block C."
chapter_name: "FEDERAL COMMUNICATIONS COMMISSION"
subchapter_number: "B"
subchapter_name: "COMMON CARRIER SERVICES"
part_number: "24"
part_name: "PERSONAL COMMUNICATIONS SERVICES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "47 U.S.C. 154, 301, 302a, 303, 309 and 332."
regulatory_source: "58 FR 59183, Nov. 8, 1993, unless otherwise noted. Redesignated at 59 FR 18499, Apr. 19, 1994."
cfr_part: "24"
---


# 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) [Reserved]

[67 FR 45371, July 9, 2002, as amended at 68 FR 42999, July 21, 2003; 90 FR 57705, Dec. 12, 2025]