(a) The Executive must establish, by method (2) regulation:
(1) uniform lease, sublicense, and affiliation agreements which must conform to the minimum requirements of Section 53-218;
(2) maximum lease, sublicense, and affiliation rates that a licensee may charge a driver; and
(3) a list of types and amounts of other charges that a licensee may charge a driver.
(b) Maximum lease, sublicense, and affiliation rates, and other charges that a licensee may charge a driver, must be set at amounts determined by the Executive to:
(1) enable the licensee to receive adequate revenues to pay the licensee’s reasonable expenses and receive a fair and reasonable rate of return on the licensee’s investment; and
(2) provide drivers with an opportunity to earn a fair and reasonable income.
(c) In determining the maximum lease rates, the Executive must consider:
(1) vehicle, equipment and license costs;
(2) asset depreciation;
(3) the costs of insurance, operation and maintenance, uninsured repairs, wages and salaries, garage storage, taxes, fees, two-way dispatching and administration, as well as all other periodic expenses paid by the licensee; and
(4) any other factors that the Executive considers appropriate to further the purposes of this Chapter.
(d) The Executive must periodically review the maximum lease, sublicense, and affiliation rates, and other charges that a licensee may charge a driver, to ensure that the rates and charges are consistent with the objectives expressed in this section.
(e) The Executive may require all licensees to provide such financial information as may be reasonably necessary to establish maximum rates and charges allowed under this Section. Information submitted under this subsection is confidential and must not be disclosed to the public. (2015 L.M.C., ch. 39, § 1.)