Common use of DBE Financial Institutions Clause in Contracts

DBE Financial Institutions. It is the policy of TxDOT to investigate the full extent of services offered by financial institutions owned and controlled by socially and economically disadvantaged individuals in the community, to make reasonable efforts to use these institutions, and to encourage prime contractors on DOT-assisted contract to make use of these institutions. We have made a thorough search for financial institutions owned and controlled by socially and economically disadvantaged individuals in the State of Texas and were unable to identify financial institutions meeting the requirements of Section 26.27.

Appears in 8 contracts

Samples: Master Financial Plan Requirements, www.txdot.gov, www.txdot.gov

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