2A-8.005: Adjustments to Reflect Consumer Price Index
PURPOSE AND EFFECT: The proposed rule amendments reflect changes to the Consumer Price Index for payment of benefits.
SUMMARY: The proposed rule amendments set forth the changes to the Consumer Price Index for payment of benefits.
SUMMARY OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 112.19 FS.
LAW IMPLEMENTED: 112.19 FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Rick Nuss, Chief, Bureau of Criminal Justice Programs, Department of Legal Affairs, PL-01, The Capitol, Tallahassee, Florida 32399-1050
THE FULL TEXT OF THE PROPOSED RULE IS:
2A-8.005 Adjustments to Reflect Consumer Price Index.
(1) Section 112.19(2)(j), Florida Statutes, requires the Bureau to adjust the statutory amount on July 1 of each year based on the Consumer Price Index for all urban consumers published by the United States Department of Labor, using the most recent figures available. The Bureau will utilize the previous March Consumer Price Index published by the United States Department of Labor and the benefits shall be adjusted from the benefit amount of the year before.
(2) The Consumer Price Index amount in March 2006 2005 was 3.4 3.1 percent. Therefore, the statutory amount for the period July 1, 2006 2005 through June 30, 2007 2006, is:
(a) For those benefits paid or to be paid under paragraph (a) of subsection (2); $55,835.12 $ 53,999.14.
(b) For those benefits paid or to be paid under paragraph (b) of subsection (2); $55,835.12 $ 53,999.14.
(c) For those benefits paid or to be paid under paragraph (c) of subsection (2); $167,505.33 $ 161,997.42.
Specific Authority 112.19 FS. Law Implemented 112.19 FS. History– New 12-10-03, Amended 8-17-04, 7-26-05, _________.