http://osdbu.dot.gov New Information Regarding Personal Net Worth The passage of HB 483 in the 2004 Session of the Maryland General Assembly requires certain modifications to the Maryland Department of Transportation's Minority Business Enterprise Program's personal net worth (PNW) requirement. This bill increased the PNW program participation cap from $750,000.00 to $1,500,000.00. It is important to note, however, that this increase does not apply to the $750,000.00 PNW cap required by the United States Department of Transportation ("USDOT") Disadvantaged Business Enterprise ("DBE") Program. This new requirement is effective October 1, 2004. The complete bill may be viewed via the Internet by visiting http://mlis.state.md.us/2004rs/billfile/hb0483.htm If you are seeking certification with the Maryland Department of Transportation, and your personal net worth exceeds $750,000 but is below $1,500,000 submit the application for MBE only (see "Which Application is Right for YOU?") The U.S. Department of Transportation has made several revisions to forms and applications used in its Disadvantaged Business Enterprise (DBE) Program in DOT Financial Assistance Programs. Revisions were enacted on the following: uniform application and reporting forms; implementing a memorandum of understanding with the Small Business Administration; amendments to provisions concerning personal worth; retainage; size standard; proof of ethnicity; confidentiality; proof of economic disadvantage; DBE credit for trucking firms; eligibility of firms owned by Alaskan Native Corporations; clarifications concerning multi-year project goals; and, the use of the new North American Industrial Classification System. The complete rule may be viewed via the Internet by visiting http://docketsinfo.dot.gov/ The Docket No. is OST-2000-7640. | 
