Detroit consumer price index definition
Examples of Detroit consumer price index in a sentence
As used in this subsection, "Detroit consumer price index" means the most comprehensive index of consumer prices available for the Detroit area by the bureau of labor statistics of the United States department of labor.History: 2010, Act 370, Eff.
July 1, 2011.338.3733 License fees; adjustment; "Detroit consumer price index" defined.Sec.
The adjustment for each year shall be made by comparing the Detroit consumer price index for the 12-month period ending the preceding October 31 with the corresponding Detroit consumer price index of 1 year earlier.
The department shall annually adjust the amount of the bond based upon the Detroit consumer price index.
The Senate added this new section, stating legislative intent that each community college limit any annual salary increase for its college president or chancellor to the annual average percentage increase in the Detroit consumer price index unless complying with that limit is inconsistent with the college's need to maintain qualified leadership for the institution.
The bill would require that the terms of the conveyance require that the "transferee": (1) sell pediatric vaccines to the state at a fixed price, adjusted annually according to the Detroit consumer price index (defined in the bill as "the most comprehensive index of consumer prices available for the Detroit area from the Bureau of Labor Statistics of the United States Department of Labor); andMCL 333.26333 et al.
The adjustment for inflation shall be determined by reducing the total personal income of this state less transfer payments for a calendar year by the average of the Detroit consumer price index for the 12 months ending 6 months before the calendar year ends.
The adjustment shall be made by multiplying the annual average percentage increase or decrease in the Detroit consumer price index for the immediately preceding calendar year by the maximum amount of a minor improvement exempt from this section in the immediately preceding calendar year.
The maximum amount allowed for a bond under this subsection shall be adjusted on January 1 following the fifth year after the effective date of the amendatory act that added this section and on January 1 every 5 years after that adjustment by an amount determined by the state treasurer to reflect the annual aggregate percentage change in the Detroit consumer price index since the previous adjustment.
The amount of the minor improvement shall be adjusted each year to reflect the annual average percentage increase or decrease in the Detroit consumer price index.