§ 254.6 - Periodic adjustments.

§ 254.6 Periodic adjustments.

Cross Reference

Link to an amendment published at 86 FR 2539, Jan. 13, 2021.

The Department of Transportation will review the minimum domestic baggage liability limit of liability prescribed in this part every two years. The Department will use the Consumer Price Index for All Urban Consumers as of July of each review year to calculate the revised minimum domestic baggage liability limit amount. The Department will use the following formula: $2500 × (a/b) rounded to the nearest $100, where

:

a = July CPI-U of year of current adjustment and b = the CPI-U figure in December 1999 when the inflation adjustment provision was added to this part

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[64 FR 70575, Dec. 17, 1999, as amended by Doc. No. DOT-OST-20082020-03320251, 73 86 FR 705922539, NovJan. 2113, 20082021]