2A-8.005: Adjustments to Reflect Consumer Price Index
PURPOSE AND EFFECT: The Division proposes the development of rule amendments to reflect changes to the Consumer Price Index for payment of benefits.
SUBJECT AREA TO BE ADDRESSED: Adjustments to the reflect the Consumer Price Index.
SPECIFIC AUTHORITY: 112.19 FS.
LAW IMPLEMENTED: 112.19 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Rick Nuss, Chief, Bureau of Criminal Justice Programs, Department of Legal Affairs, PL-01, The Capitol, Tallahassee, Florida 32399-1050.
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT 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,_________.
