A. The department of transportation shall immediately suspend, without notice or a hearing, the permit of a transportation network company that:(1) does not continuously maintain the insurance coverage prescribed by the Transportation Network Company Services Act;(2) does not pay the fees owed by the transportation network company and the transportation network company's drivers; or(3) operates in a manner that poses an immediate or imminent threat to public safety.B. Once suspended, the transportation network company may apply for reinstatement by requesting a public hearing before the department of transportation and shall establish that the basis for the suspension has been corrected.History: Laws 2016, ch. 80, § 22; 2023, ch. 100, § 74. ANNOTATIONSThe 2023 amendment, effective July 1, 2024, removed references to the public regulation commission due to the transfer of certain powers and duties to the department of transportation; and changed each occurrence of 'public regulation commission' to 'department of transportation' throughout the section.
New Mexico Legal Code