Federal Travel Regulation; Privately Owned Vehicle Mileage Reimbursement

SUMMARY: This final rule amends the mileage reimbursement rate for use of a privately owned vehicle (POV) when that mode of transportation is authorized or approved as more advantageous to the Government. The governing regulation is revised to increase the cost of operating: -- a privately owned airplane from $1.07 to $1.26 per mile, -- a privately owned automobile (POA) from $0.505 to $0.585 cents per mile, and -- a privately owned motorcycle from $0.305 to $0.585 cents per mile. DATES: Effective Date: This final rule is effective July 28, 2008. Applicability Date: This final rule applies to travel performed on or after August 1, 2008.