The Department of Transportation will review the minimum limit of liability prescribed in this part every two years. The Department will use the Consumer Price Index for All Urban Consumers as of July of each review year to calculate the revised minimum liability amount. The Department will use the following formula:
$2500 × (a/b) rounded to the nearest $100 where:
a = July CPI-U of year of current adjustment
b = the CPI-U figure in December 1999 when the inflation adjustment provision was added to part 254.
[64 FR 70575, Dec. 17, 1999, as amended by Doc. No. DOT-OST-2008-0332, 73 FR 70592, Nov. 21, 2008]