46 C.F.R. § 404.105

Current through October 31, 2024

Section 404.105 - Ratemaking step 5: Project working capital fund

The Director calculates each pilotage association's allowed base working capital fund by adding the projected adjusted operating expenses from § 404.102 and the total target pilot compensation from § 404.104 of this part, multiplied by the preceding year's average annual rate of return for new issues of high grade corporate securities.

46 C.F.R. §404.105

USCG-2015-0497, 81 FR 11941 , Mar. 7, 2016, as amended by USCG-2016-0268, 82 FR 41496 , Aug. 31, 2017; 82 FR 43864 , Sept. 20, 2017

81 FR 11941 , 3/7/2016; 82 FR 43864 , 9/20/2017; 82 FR 41496 , 10/2/2017