N.M. Admin. Code § 9.2.24.12

Current through Register Vol. 36, No. 1, January 14, 2025

Section 9.2.24.12 - REASONABLE RETURN ON INVESTMENT AS IT PERTAINS TO RATE AND FEE INCREASES

A. A reasonable return on investment shall be determined by comparing the continuing care community's historical and current return on investment data to secondary market interest rate data published by the federal reserve board for 90-day United States treasury bills.

B. A return on investment consistently greater than six percentage points higher than the annual average secondary market interest rate on 90-day United States treasury bills shall be presumed to be unreasonable. The presumption is rebuttable.

9.2.24.12 NMAC - N, 1/31/06, Adopted by New Mexico Register, Volume XXXIII, Issue 14, July 26, 2022, eff. 7/26/2022