§ 548.403 Description of method of calculation.
Current through Sep 30, 2026 · Read all of Part 548
The established basic rate for which approval will be sought will normally be a formula or method of calculation of a rate rather than a specific dollars and cents rates. 20 The application should contain a complete description of the formula or method of calculation of the established basic rate, including any necessary examples which will enable the Administrator to understand how the rate will be computed and applied.
20 See § 548.200.
[20 FR 5683, Aug. 6, 1955]