Requirements  

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    DEPARTMENT OF FINANCIAL SERVICES

    Division of Accounting and Auditing

    Interest Rate Set Pursuant To Section 55.03, Florida Statutes

    RULE NO.:RULE TITLE:

    69I-25.003Requirements

    DEPARTMENT OF FINANCIAL SERVICES

    INTEREST RATE SET PURSUANT TO SECTION 55.03, FLORIDA STATUTES

    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 April 1, 2016 has been set at 4.78 percent per annum or a daily rate of .0130624 percent (.000130624 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 at:

    http://www.myfloridacfo.com/Division/AA/Vendors/default.htm. Please contact the Vendor Ombudsman Section at (850)413-5516 if you have any questions.

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Related Rules: (1)
69I-25.003. Requirements