Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 49 - Transportation |
Subtitle A - Office of the Secretary of Transportation |
Part 23 - Participation of Disadvantaged Business Enterprise in Airport Concessions |
Subpart C - Certification and Eligibility of ACDBEs |
§ 23.35 - What is the personal net worth standard for disadvantaged owners of ACDBEs?
Latest version.
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§ 23.35 What is the personal net worth standard for disadvantaged owners of ACDBEs?
The personal net worth standard used in determining eligibility for purposes of this part is $1.32 million. Any individual who has a personal net worth exceeding this amount is not a socially and economically disadvantaged individual for purposes of this part, even if the individual is a member of a group otherwise presumed to be disadvantaged.
[70 FR 14508, Mar. 22, 2005, as amended at 77 FR 36931, June 20, 2012]