Nevada Administrative Code
Chapter 706 - Motor Carriers
REGULATION AND LICENSING OF MOTOR CARRIERS
Regulation of Motor Carriers Generally
Section 706.149 - Equity capital: Minimum requirement; proof; failure to comply
Universal Citation: NV Admin Code 706.149
Current through December 12, 2024
1. After receiving a certificate or permit, every fully regulated carrier shall maintain an investment of not less than 20 percent equity capital in his or her operations and include proof that the fully regulated carrier meets this requirement in each annual report filed with the Authority.
2. If a fully regulated carrier does not meet the requirement of subsection 1:
(a) For 2 consecutive years, the Authority may impose an administrative fine pursuant to subsection 2 of NRS 706.771.
(b) For 3 consecutive years, the Authority may suspend or revoke the certificate or permit of the fully regulated carrier.
Pub. Service Comm'n, part Gen. Order 5, eff. 6-30-65-NAC A 9-1-87; 9-16-92; A by Transportation Serv. Auth. by R071-98, 10-28-98; R090-05, 12-29-2005; A by R040-23A, eff. 11/15/2024
NRS 706.171, 706.771
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