N.M. Admin. Code § 1.5.5.14 - RATES
A. Establishment of
rates: The aviation services bureau shall be responsible for the establishment
of prospective hourly rates and other associated use charges for state
passenger aircraft on or before July 1 of each year. Rates shall be promulgated
by memorandum.
B. Included costs:
Rates shall be sufficient to offset the estimated costs of operation,
maintenance, and depreciation of state aircraft.
C. Equalization of rates: Rates shall be
established based on fleet average cost.
D. Retroactive adjustment of rates: On June
30, 1995 and each year thereafter, the aviation services bureau shall compute
an actual fleet average cost for fleet operations during that fiscal year. In
the event revenues from use of state aircraft exceed the actual fleet cost, the
bureau shall issue each user agency a credit equal to the difference between
the prospective hourly rate and the actual fleet average cost for its use in
that fiscal year. Such credits shall be redeemable by June 30 of the following
year only for aircraft use. Unused credits shall be extinguished on that
date.
Notes
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