N.Y. Comp. Codes R. & Regs. tit. 10 § 451.181

Current through Register Vol. 46, No. 53, December 31, 2024

Section 451.181 - Maintenance

The keeping of property at a standard of operating condition; also, the expense involved. Example: recurring operations of cleaning, oiling, repairing and adjusting. Maintenance cost includes outlays for:

(a) labor and supplies;

(b) the replacement of any parts that constitute less than a retirement unit; and

(c) major overhauls, the item of which may involve elements of the first two classes.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.181