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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 49 - Transportation |
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Subtitle A - Office of the Secretary of Transportation |
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Part 26 - Participation by Disadvantaged Business Enterprises in Department of Transportation Financial Assistance Programs |
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Subpart B - Administrative Requirements for DBE Programs for Federally-Assisted Contracting |
§ 26.27 - What efforts must recipients make concerning DBE financial institutions?
Latest version.
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§ 26.27 What efforts must recipients make concerning DBE financial institutions?
You must thoroughly investigate the full extent of services offered by financial institutions owned and controlled by socially and economically disadvantaged individuals in your community and make reasonable efforts to use these institutions. You must also encourage prime contractors to use such institutions.