§ 90.811   Reduced down payment for licenses won by small businesses.

   Each winning bidder that qualifies as a small business shall make a
   down payment equal to ten percent of its winning bid (less applicable
   bidding credits); a winning bidder shall bring its total amount on
   deposit with the Commission (including upfront payment) to five percent
   of its net winning bid within five (5) business days after the auction
   closes, and the remainder of the down payment (five percent) shall be
   paid within five (5) business days following Public Notice that the
   Commission is prepared to award the license. The Commission generally
   will grant the license within ten (10) business days after receipt of
   the remainder of the down payment.

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