Code of Federal Regulations Title 49. Transportation 49 CFR Pt. 191, App. A—PROCEDURE FOR DETERMINING REPORTING THRESHOLD

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:

T_r is the revised damage threshold,

T_p is the previous damage threshold,

CPI_r 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

CPI_p is the average CPI–U for the calendar year used to establish the previous property damage criteria.