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New Jersey Statutes, Title: 52, STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

    Chapter 14: "Department" and "head of department" defined

      Section: 52:14-17.1a: Computation to determine adjustment of rate; formula

           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:



C.P.-B.P.

Adjustment = ...........

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.

L.1980, c. 19, s. 2, eff. March 26, 1980.



This section added to the Rutgers Database: 2012-09-26 13:37:55.






Older versions of 52:14-17.1a (if available):



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