Sec. 21.17  Certification of financial qualifications.

    Each application for a new license and each application for a major 
modification of an existing station shall contain a certification that 
the applicant has or will have the financial ability to meet the 
expected costs of constructing the facilities within the time allowed 
and the estimated operating expenses for a period of twelve months.
[ 52 FR 37778 , Oct. 9, 1987]