Minimal value

Minimal value means retail value in the United States at the time of acceptance of $285 or less as of January 1, 2002, and at 3-year intervals thereafter, as redefined in regulations prescribed by the Administrator of General Services, in consultation with the Secretary of State, to reflect changes in the consumer price index for the immediately preceding 3-year period.

Source

12 CFR § 264b.2

---

Scoping language

When used in this part, the following terms have the meanings indicated:

---

Is this correct? or