La. Admin. Code tit. 43 § XIII-401

Current through Register Vol. 50, No. 9, September 20, 2024

Section XIII-401 - Appendix A to Subpart 2-Procedure for Determining Reporting Threshold

A. Procedure for Determining Reporting Threshold

I. Property Damage Threshold Formula

A. Each year after calendar year 2021, the Administrator will publish a notice on PHMSA's website announcing the updates to the property damage threshold criterion that will take effect on July 1 of that year and will remain in effect until the June 30 of the next year. The property damage threshold used in the definition of an Incident at §303 shall be determined in accordance with the following formula:

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Where:

Tr is the revised damage threshold, Tp is the previous damage threshold, CPIr is the average Consumer Price Indices for all Urban Consumers (CPI-U) published by the Bureau of Labor Statistics each month during the most recent complete calendar year, and CPIp is the average CPI-U for the calendar year used to establish the previous property damage criteria.

La. Admin. Code tit. 43, § XIII-401

Promulgated by the Department of Natural Resources, Office of Conservation, LR 471141 (8/1/2021).

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:501 et seq.