Section 408.4404 - Surety bond requirement; factors in determination1. Except as otherwise provided in this subsection, if the Department approves an application for an occupancy permit, it may require the provider of telecommunications or community antenna television company to obtain a surety bond in the amount of $100,000. The Department may require the provider or company to obtain a surety bond of more than $100,000, but less than $2,000,000, for a telecommunications facility of significant length.2. The Department will, in determining whether a surety bond is required, consider: (a) The experience of the Department with the provider of telecommunications or community antenna television company;(b) The possibility of disrupting the maintenance and operation of the state highway or right-of-way if the telecommunications facility is installed;(c) The potential damage to the highway system; and(d) The potential increase in hazards to the users of the state highway or right-of-way if the proposed telecommunications facility is not installed in a timely manner or is installed in a manner that does not comply with the requirements set forth in the occupancy permit.Nev. Admin. Code § 408.4404
Added to NAC by Dep't of Transportation by R082-01, eff. 11-1-2001