Interest Rate Pursuant To Section 55.03 Florida Statutes

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Accounting and Auditing

RULE NO.:RULE TITLE:

69I-25.003Requirements (Repealed)

Interest Rate Pursuant To Section 55.03 Florida Statutes

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 July 1, 2023 has been set at 7.69 percent per annum or a daily rate of .0210685 percent (.000210685 expressed as a decimal). Current and historical interest rates are available on the following website:

https://www.myfloridacfo.com/division/aa/local-governments/judgement-interest-rates

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