Section 706.375 - Lease of vehicle for use as taxicab1. A common motor carrier authorized to operate a taxicab shall not lease any vehicle which it uses as a taxicab without prior approval by the Chair or his or her designee.2. A carrier must submit a request for the approval of such a lease to the Authority at least 10 working days before the execution of the lease. The Chair or his or her designee shall approve or disapprove the lease within 10 working days after receiving the request for the approval of the lease. If the Chair or his or her designee does not approve or disapprove the lease within 10 working days after receiving the request for approval of the lease, the lease shall be deemed to be approved.3. The Chair or his or her designee shall approve such a lease if: (a) The vehicle is leased for not more than 14 days;(b) The vehicle will be used only in an operation authorized by the lessee's certificate;(c) Including the vehicles to be leased by the carrier under the lease:(1) Not more than one-half of the carrier's vehicles are leased vehicles; and(2) The total number of vehicles to be operated by the carrier does not exceed the number of vehicles the carrier is authorized to operate pursuant to its operating authority;(d) The driver of the leased vehicle is an employee of the motor carrier and has no ownership interest in the vehicle; and(e) The carrier is able to demonstrate to the satisfaction of the Chair or the person designated by the Chair that the carrier needs to increase the size of its fleet on a temporary basis, including, without limitation, facts which indicate that the carrier expects to experience:(1) An increase in customer demand; or(2) A decrease in the size of the permanent fleet of the carrier.4. If a lease is approved pursuant to this section:(a) A copy of the lease must be submitted to the Authority not later than the date on which the lease becomes effective; and(b) A copy of the lease and a copy of the approval of the lease must be: (1) Carried in the vehicle during the period of the lease; and(2) Maintained by the carrier for a minimum of 3 years.5. The carrier shall not lease vehicles on more than 45 days in any calendar year.6. The provisions of this section do not apply to a lease agreement entered into pursuant to NRS 706.473.Nev. Admin. Code § 706.375
Added to NAC by Pub. Service Comm'n, eff. 9-1-87; A 5-5-94; A by Transportation Serv. Auth. by R071-98, 10-28-98; R078-98, 1-28-99; R040-02, 9-20-2002