Interest Rate Pursuant To Section 55.03 Florida Statutes

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Accounting and Auditing

Interest Rate Pursuant To Section 55.03 Florida Statutes

RULE NO.:RULE TITLE:

69I-25.003Requirements (Repealed)

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 October 1, 2023 has been set at 8.54 percent per annum or a daily rate of .0233973 percent (.000233973 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

Please contact the Vendor Ombudsman Section at [phone] if you have any questions.