DEPARTMENT OF FINANCIAL SERVICES
Division of Accounting and Auditing
Interest Rate Set Pursuant to Section 55.03, Florida Statute
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 subsection 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, 2020 has been set at 6.66 percent per annum or a daily rate of .0181967 percent (.000181967 expressed as a decimal). The daily rate considers that 2020 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: https://www.myfloridacfo.com/Division/AA/LocalGovernments/Current.htm.
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