706.323 - Limitation on power of Authority to regulate rates.
706.323 Limitation on power of Authority to regulate rates.
1. Except as otherwise provided in subsection 2, the Authority may not investigate, suspend, revise or revoke any rate that is subject to the approval of the Authority pursuant to NRS 706.321 and proposed by a common motor carrier or contract motor carrier because the rate is too high or too low and therefore unreasonable if:
(a) The motor carrier notifies the Authority that it wishes to have the rate reviewed by the Authority pursuant to this subsection; and
(b) The rate resulting from all increases or decreases within 1 year is not more than 10 percent above or 10 percent below the rate in effect 1 year before the effective date of the proposed rate.
2. This section does not limit the authority of the Authority to investigate, suspend, revise or revoke a proposed rate if the rate would violate the provisions of NRS 706.151.
(Added to NRS by 1983, 1222; A 1997, 1938, 2673; 1999, 492)