N.M. Code R. § 1.5.5.14 – Rates

A. Establishment of rates: The aviation services bureau shall be responsible for the establishment of prospective hourly rates and other associated use charges for state passenger aircraft on or before July 1 of each year. Rates shall be promulgated by memorandum.
B. Included costs: Rates shall be sufficient to offset the estimated costs of operation, maintenance, and depreciation of state aircraft.
C. Equalization of rates: Rates shall be established based on fleet average cost.
D. Retroactive adjustment of rates: On June 30, 1995 and each year thereafter, the aviation services bureau shall compute an actual fleet average cost for fleet operations during that fiscal year. In the event revenues from use of state aircraft exceed the actual fleet cost, the bureau shall issue each user agency a credit equal to the difference between the prospective hourly rate and the actual fleet average cost for its use in that fiscal year. Such credits shall be redeemable by June 30 of the following year only for aircraft use. Unused credits shall be extinguished on that date.
[7/1/94; Recompiled 11/30/01]
HISTORY OF 1.5.5 NMAC:
Pre-NMAC History: The material in this part is derived from that previously filed with the Commission of Public Records - State Records Center and Archives as:
DFA 67-7, Central Aircraft Schedule, filed 9/11/67.
GSD 84-201, State Aircraft Scheduling and Reporting, filed 4/4/84.
GSD 93-201, State Owned Aircraft Regulations, filed 6/23/93.
GSD 94-201, Aviation Services Bureau Aircraft Use Regulations, filed 8/9/94.
History of Repealed Material:
GSD Rule No 94-201, Paragraph 12.5, Fiscal 1995 Use Credits to Relinquishing Agencies, temporary provision expired 6/30/95.