Section 706.149 - Equity capital: Minimum requirement; proof; failure to comply1. 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 his or her annual report filed with the Authority.2. A fully regulated carrier who does not meet the requirement of subsection 1 shall, within 3 months after receiving notice from the Authority of that failure, file a plan proposing the specific steps he or she will take to meet that requirement within the next 12 months.3. Within 15 months after receiving notice from the Authority that he or she does not maintain adequate equity capital, a fully regulated carrier must have an investment of not less than 20 percent equity capital in his or her operations.4. The certificate or permit of a fully regulated carrier who does not comply with this section may be revoked by the Authority.Nev. Admin. Code § 706.149
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