DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
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Loans of capital from the non-AC<strong>DBE</strong><br />
JV participant allowed if:<br />
• Terms comparable to market conditions<br />
• Evidenced by a promissory note<br />
• Note secured by assets outside of the JV<br />
• AC<strong>DBE</strong> <strong>in</strong>vests at least 10%–20% of its own<br />
resources or through a third-party<br />
• The term is no longer than the term of the<br />
JV contract<br />
Jo<strong>in</strong>t Venture Guidance<br />
November 13, 2009<br />
Federal Aviation<br />
Adm<strong>in</strong>istration