A. A person shall not operate a transportation network company in New Mexico without first having obtained a permit from the public regulation commission.
B. A permit issued to a transportation network company by the public regulation commission shall be effective for one year.
C. The public regulation commission shall issue a permit to a transportation network company that meets the requirements set forth in the Transportation Network Company Services Act and any rules adopted by the commission pursuant to that act. The transportation network company shall pay an annual permit fee of ten thousand dollars ($10,000) to the commission.
History: Laws 2016, ch. 80, § 4.
Effective dates. — Laws 2016, ch. 80 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 18, 2016, 90 days after the adjournment of the legislature.
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