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New rate $14.88. The following example shows the adjustment if the Fuel component would be significantly negative. Collection Rate Component Actual Rate Collection Rate $14.32 Source of Index Adjusted Rate Change effective CPI 90% $12.89 CPI -All Items 4.00% $13.41 Oct.1 Fuel and Oil 10% $1.43 (Average), Lower 3.00% $ 1.47 Oct. 1 Atlantic No, 2 Ultra Low Sulfur Diesel Retail Sales by All Sellers New rate $14.88. The following example shows the adjustment if the Fuel component would be significantly negative. Collection Rate Component Actual Rate Source % Change of Index Adjusted Rate Change effective CPI $13.41 Same 4.0% $13.95 Oct.1 Fuel and Oil $1.47 Same -8.0% $1.35 Oct.1 New rate $15.30, however, the CPI Collection Rate Component guarantee set forth in section 12.3 results in a new rate of $15.36. 12.5. Change of Law. The parties understand and agree that: (a) the Florida Legislature from time to time has made comprehensive changes in Solid Waste management legislation; and (b) changes in law in the future, whether federal, state or local, that mandate certain actions or programs may require changes or modifications in some of the terms, conditions or obligations under this Agreement. Nothing contained in this Agreement shall require any party to perform any act or function contrary to law. To the extent that any law effective after October 1, 2008 is in conflict with, or requires changes in, the provision of services under this Agreement, the parties agree to enter into good -faith negotiations to determine whether the Franchisee's rates should be adjusted as a result of a change in law. 12.6. Limitation on Rate Changes. The Franchisee shall not be allowed a rate increase for any reason other than those expressly specified in this Agreement. Notwithstanding the foregoing, in the event that a federal, state or local entity imposes a fee, charge or tax after October 1, 2008 the{ applies to Franchisee's operations per se, such fee, charge, c tax shall be treated as a change in law and shall be passed through as a separate billed item after notice to, and confirmation by, the District. 12.7. Requirement for Public Hearing for Rate Adiustment. Section 12.3 of the Agreement contained a procedure for the Franchisee to seek an adjustment of any charges established and approved by the Board, other than the CPI Changes in Rates set forth in former section 12.0 of the Agreement. The procedure involved: (a) written notice by Franchisee to the District, setting forth the schedule of rates and charges which it proposes and a written justification for the request; (b) a request for a public hearing submitted to the District with supporting data for review and presentation to the Board, (c) .a public hearing held by the Board on the request, and (d) a determination by the Board whether the adjustment in charges was necessary and justified under the circumstances E