NAC706.152. Determination of financial ability and investigation of applicant; dismissal of incomplete application.

     1. The burden of proof lies with the applicant for any fully regulated operating authority to satisfy the Authority of its financial ability to perpetuate a continuous service, as applied for, consistent with the public interest. The background of an applicant may be considered by the Authority before granting any privilege. In determining an applicant’s financial ability, the Authority may consider:

     (a) Equity capital sufficient to acquire the necessary property and equipment, but not less than that required by NAC 706.149;

     (b) The reasonableness of rates to be charged;

     (c) The applicant’s current ratio of assets to liability;

     (d) The financial condition of the principals if the applicant is a partnership;

     (e) The requirements for capital for the first 12 months of operations;

     (f) The reasonableness of any estimates for the operation; and

     (g) Any other evidence the Authority deems relevant.

     2. The Authority will make an investigation before the issuance of a certificate or permit.

     3. An application that does not comply with NAC 706.1375 may be dismissed by the Authority without prejudice on the motion of a party to the proceeding. Such a motion must be in writing and filed before the commencement of any hearing on the application.

     [Pub. Service Comm’n, Gen. Order 5 Rule 216, eff. 12-1-62]—(NAC A 9-1-87; 9-16-92; A by Transportation Serv. Auth. by R071-98, 10-28-98; R078-98, 1-28-99; R090-05, 12-29-2005)