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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 36, § 5402: Definitions, 1981

This section defines the terms “Chained Consumer Price Index” and “cost-of-living adjustment.”

Source excerpt

consumer price indexcost-of-living adjustmentinflation adjustment
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1981
Dates
Enacted 1981 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1981 · Source version 1 Oct 2025
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“This section defines the terms “Chained Consumer Price Index” and “cost-of-living adjustment.””

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Definitions

This section defines the terms “Chained Consumer Price Index” and “cost-of-living adjustment.”

Section 5402

04

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Source record from legislature.maine.gov · Enacted 1981 · Source version 1 Oct 2025

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Interpretation
§ 5402DefinitionsInterpretation

Source excerpt

This section defines the terms “Chained Consumer Price Index” and “cost-of-living adjustment.”

As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings. [PL 1987, c. 430, §1 (AMD).] 1. Chained Consumer Price Index. "Chained Consumer Price Index" means the average over a 12-month period of the most recently published Chained Consumer Price Index, not seasonally adjusted, published monthly by the Bureau of Labor Statistics, United States Department of Labor designated as the "Chained Consumer Price Index for All Urban Consumers-United States City Average" as of the date the assessor determines the cost-of-living adjustment pursuant to section 5403. [PL 2015, c. 390, §10 (AMD).] 1-A. Base year index. [PL 1989, c. 495, §5 (RP).] 1-B. Cost-of-living adjustment. The "cost-of-living adjustment" for any calendar year is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2014. [PL 2013, c. 368, Pt. Q, §10 (AMD).] 2. Percentage adjustment factor. [PL 1999, c. 731, Pt. T, §9 (RP); PL 1999, c. 731, Pt. T, §11 (AFF).] 3. Inflation factor. [PL 1999, c. 731, Pt. T, §9 (RP); PL 1999, c. 731, Pt. T, §11 (AFF).]
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  • 1 Oct 2025 · currentEnglish

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