49 CFR 26.27 - What efforts must recipients make concerning DBE financial institutions?

Code of Federal Regulations - Title 49: Transportation

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Title 49: Transportation

Subtitle A: Office of the Secretary of Transportation

PART 26: PARTICIPATION BY DISADVANTAGED BUSINESS ENTERPRISES IN DEPARTMENT OF TRANSPORTATION FINANCIAL ASSISTANCE PROGRAMS

Subpart B: Administrative Requirements for DBE Programs for Federally-Assisted Contracting

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.

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