“Legitimate and prudent” expenses typically refer to expenses that are both reasonable and necessary in the context of a particular situation. In the case of LPFM (Low-Power FM) radio applications or other regulatory processes, legitimate and prudent expenses may include:
“Legitimate and prudent” expenses typically refer to expenses that are both reasonable and necessary in the context of a particular situation. In the case of LPFM (Low-Power FM) radio applications or other regulatory processes, legitimate and prudent expenses may include:
- Application Fees: These are the fees required by the Federal Communications Commission (FCC) for processing LPFM applications or related requests.
- Engineering Services: Costs associated with hiring qualified engineers to prepare technical exhibits, conduct studies, or make necessary modifications to your application.
- Legal Fees: Expenses related to consulting with or hiring an attorney who specializes in FCC regulations to ensure compliance and navigate the application process.
- Survey Costs: Expenses related to conducting surveys or studies, such as interference studies or market analysis, to support your application.
- Equipment and Facilities: Costs for acquiring or upgrading broadcasting equipment, studio facilities, or transmission facilities.
- Administrative Costs: Expenses related to office supplies, postage, copying, and other administrative tasks associated with the application process.
- Travel Expenses: Costs incurred when attending FCC meetings or hearings related to your application.
- Public Notice Costs: Expenses associated with publishing public notices as required by the FCC for LPFM applications.
- Consulting Fees: Fees paid to consultants who provide specialized advice or services related to LPFM applications or regulatory compliance.
- Site Leasing and Rental: Costs associated with leasing or renting broadcasting sites, tower space, or studio locations.
It’s important to note that expenses should be directly related to your LPFM application process and should be well-documented. The FCC may scrutinize expenses to ensure they are reasonable and necessary. Keeping detailed records of your expenses is essential to justify them if requested by the FCC during the application review.
Ultimately, what is considered a “legitimate and prudent” expense may vary depending on the specific circumstances of your LPFM application and the guidance provided by the FCC. It’s advisable to consult with a legal or regulatory expert to ensure compliance and appropriate documentation of expenses.