Section 706.5565 - Lease medallions1. A certificate holder may not lease a taxicab to an independent contractor pursuant to sections 2 to 12, inclusive unless a lease medallion obtained from the Authority is affixed to the taxicab.2. Except as otherwise provided in this section, the Authority will issue a lease medallion to a certificate holder upon request.3. A certificate holder may not: (a) Obtain a number of lease medallions issued pursuant to this section that exceeds one-half of the number of medallions otherwise issued to the certificate holder by the Authority;(b) Permit the combined operation by drivers and independent contractors of more taxicabs than the number of taxicabs allocated to the certificate holder by the Authority pursuant to NRS 706.8824, as amended by section 8.1 of Senate Bill No. 376, chapter 447, Statutes of Nevada 2015, at page 2601; or(c) Sell, transfer or mortgage a lease medallion issued pursuant to this section.4. A lease medallion obtained pursuant to this section must be affixed to a taxicab being leased by an independent contractor in such a manner and in such a place on the taxicab as directed by the Authority.5. If a lease medallion is lost, stolen or damaged, the certificate holder to whom the lease medallion was issued: (a) Shall notify the Authority within 3 business days; and(b) May request that the Authority provide the certificate holder with a replacement lease medallion. A replacement lease medallion will only be available from the Authority during the regular business hours of the Authority.Nev. Admin. Code § 706.5565
Added to NAC by Taxicab Auth. by R003-16A, eff. 12/21/2016Section 1.7 of Senate Bill No. 376, chapter 447, Statutes of Nevada 2015, at page 2596 (NRS NRS 706.88181 ).