§ 404.105

46 C.F.R. § 404.105

Ratemaking step 5: Project needed revenue.

Effective Mar 19, 2026Published Feb 17, 202691 FR 7148

The Director calculates each pilotage association's base projected needed revenue by adding the projected adjusted operating expenses from § 404.102 (step 2) and the total target pilot compensation from § 404.104 (step 4).

[USCG-2025-0252, 91 FR 7148, Feb. 17, 2026]