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Current as of January 01, 2024 | Updated by FindLaw Staff
On the first business day of January and the first business day of July of each year a computation shall be made to determine whether the mileage reimbursement allowed in section 1 of P.L.1943, c. 188 (C. 52:14-17.1) is to be adjusted on that date according to the following formula:
Adjustment = |
C.P. - B.P. |
||
18 |
where:
a. Adjustment means the result of the above calculation in the number of whole cents plus one-half cent where the remainder is five-ninths or greater;
b. C.P. means the price paid for regular gasoline by the State on the date of the computation; and
c. B.P. means the price paid for regular gasoline by the State on the effective date of this amendatory and supplementary act.
Cite this article: FindLaw.com - New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 14-17.1a - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-52-state-government-departments-and-officers/nj-st-sect-52-14-17-1a/
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