View all text of Part 404 [§ 404.1 - § 404.110]

§ 404.107 - Ratemaking step 7: Calculate initial base rates.

(a) The Director calculates initial base hourly rates by dividing the projected needed revenue from § 404.106 by averages of past hours worked in each district's designated and undesignated waters, using available and reliable data for a multi-year period set in accordance with § 401.220(a) of this chapter.

(b) [Reserved]

[USCG–2017–0903, 83 FR 26193, June 5, 2018]