1. Regulations
  2. title 49
  3. chapter A
  4. part 23
  5. subpart C
  6. § 23.35

View all text of Subpart C [§ 23.31 - § 23.39]

§ 23.35 - What is the personal net worth standard for disadvantaged owners of ACDBEs?

Link to an amendment published at 89 FR 24961, Apr. 9, 2024.

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]

AUTHORITY: 49 U.S.C. 47107; 42 U.S.C. 2000d; 49 U.S.C. 322; Executive Order 12138.

SOURCE: 70 FR 14508, Mar. 22, 2005, unless otherwise noted.

CITE AS: 49 CFR 23.35