3. Financial Qualifications
Applicants for authority to provide full facilities-based local exchange services must demonstrate access to a minimum of $100,000 of cash or cash equivalent to meet the company's start-up expenses.3 Applicants must also demonstrate access to sufficient additional resources to cover all deposits required by local exchange carriers (LECs) and/or interexchange carriers (IECs) in order to provide the proposed services.4 Applicant provided financial documents demonstrating sufficient funds to satisfy our financial requirements.
3 The financial requirements for (CLCs) are set forth in D.95-12-056, Appendix C.
4 The requirement for CLC applicants to demonstrate that they have additional financial resources to meet any deposits required by underlying LECs and/or IECs is set forth in D.95-12-056, Appendix C.
