46.2-2062 - Regulation of taxicab service by localities; rates and charges. - Virginia Statutes

§ 46.2-2062. Regulation of taxicab service by localities; rates and charges.

A. The governing body of any county, city or town in the Commonwealth may byordinance regulate the rates or charges of any motor vehicles used for thetransportation of passengers for a consideration on any highway, street,road, lane or alley in such county, city or town, and may prescribe suchreasonable regulations as to filing of schedules of rates, charges and thegeneral operation of such vehicles; provided that, notwithstanding anythingcontained in this chapter to the contrary, such ordinances and regulationsshall not prescribe the wages or compensation to be paid to any driver orlessor of any such motor vehicle by the owner or lessee thereof.

B. In considering rates or charges pursuant to this section, or financialresponsibility as provided by this chapter, the governing body may requirethe owner or operator to submit such supporting financial data as may benecessary, including federal or state income tax returns for the two yearspreceding, provided that the governing body shall not require any owner oroperator to submit any audit more extensive than that conducted by such owneror operator in the normal course of business. Such financial data shall beused only for consideration of rates or charges, or to determine financialresponsibility, and shall be kept confidential by the governing body to whichit has been submitted. Nothing in this subsection shall make confidential anycertificate of insurance, bond, letter of credit, or other certification thatthe owner or operator has met the requirements of this chapter or of anylocal ordinance with regard to financial responsibility.

(2001, c. 596; 2007, c. 238.)