I. Property Damage Threshold Formula
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 § 191.3 shall be determined in accordance with the following formula:
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.
Source: 86 FR 2237, Jan. 11, 2021
Compiled from the Electronic Code of Federal Regulations (eCFR), an editorial compilation and not an official legal edition of the CFR. The official text is the Federal Register and the annual CFR edition. Appendix A to Part 191 on eCFR.