Section 489-GG. Ratio  


Latest version.
  • The  state  board shall compute to the nearest
      thousandth of one percent a ratio for each railroad company by  dividing
      its  average railway expenses by its average railway revenues; provided,
      however, that if a railroad company shall have operated  for  less  than
      one  full  year  prior to the first day of the year in which a tentative
      determination of a railroad ceiling for that railroad company  is  made,
      then the ratio for that ceiling of that railroad company shall be one.