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Code of Federal Regulations Title 49. Transportation § 49.23.33 What size standards do recipients use to determine the eligibility of ACDBEs?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) As a recipient, you must, except as provided in paragraph (b) of this section, treat a firm as a small business eligible to be certified as an ACDBE if its gross receipts, averaged over the firm's previous three fiscal years, do not exceed $56.42 million.

(b) The following types of businesses have size standards that differ from the standard set forth in paragraph (a) of this section:

(1) Banks and financial institutions:  $1 billion in assets;

(2) Car rental companies:  $75.23 million average annual gross receipts over the firm's three previous fiscal years, as adjusted by the Department for inflation every two years from April 3, 2009.

(3) Pay telephones:  1,500 employees;

(4) Automobile dealers:  350 employees.

(c) The Department adjusts the numbers in paragraphs (a) and (b)(2) of this section using the Department of Commerce price deflators for purchases by State and local governments as the basis for this adjustment. The Department publishes a Federal Register document informing the public of each adjustment.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 49. Transportation § 49.23.33 What size standards do recipients use to determine the eligibility of ACDBEs? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-49-transportation/cfr-sect-49-23-33/

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