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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]