|(a) The comptroller 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 HUB. 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 comptroller with any information requested
to verify the certification eligibility of the business.
(c) The applicant's business documentation shall be
reviewed to substantiate the required 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. The eligible owner's level of participation in the
business will be evaluated as set forth in §20.283 of the title
(relating to Evaluation of Active Participation in the Control, Operation,
and Management of Entities). 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) The business must meet all other certification
and compliance requirements identified in the comptroller's HUB Policies
and Procedures used to determined eligibility.