DEPARTMENT OF FINANCIAL SERVICES
Division of Accounting and Auditing
RULE NO.:RULE TITLE:
69I-25.003Requirements
Interest Rate Set Pursuant To Section 55.03, Florida Statues
Chapter 2011-169, Laws of Florida, amended Section 55.03(1), Florida Statutes (F.S), to require the Chief Financial Officer to set the rate of interest that shall be payable on judgments and decrees on a quarterly basis rather than an annual basis. The interest rate for the quarter beginning January 1, 2016 has been set at 4.75 percent per annum or a daily rate of .0129781 percent (.000129781 expressed as a decimal). The daily rate considers that 2016 is a leap year, and is calculated by dividing the annual rate by 366 days.
Current and historical interest rates are available on the following website: http://www.myfloridacfo.com/aadir/interest.htm. Please contact the Vendor Ombudsman Section at (850)413-5516 if you have any questions.
