III. Financial Qualifications
To be granted a CPCN, an applicant for authority to provide resold local exchange must demonstrate that it has a minimum of $25,000 of cash or cash equivalent to meet the firm's start-up expenses.1 An applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by local exchange carriers (LECs) and/or interexchange carriers (IECs) in order to provide the proposed service.2 Applicant provided bank statements that demonstrate that it has sufficient cash to satisfy the financial requirement.
1 The financial requirement for CLCs is contained in Decision (D.) 95-12-056, Appendix C. 2 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.
