Requirements

DEPARTMENT OF FINANCIAL SERVICES
Division of Accounting and Auditing

INTEREST RATE SET PURSUANT TO SECTION 55.03, FLORIDA STATUTES

RULE NO.: RULE TITLE:
69I-25.003: Requirements

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, 2011 has been set at 4.75 percent per annum or a daily rate of .0130137 percent (.000130137 expressed as a decimal).

Current and historical interest rates are available on the website: http://www.myfloridacfo.com/aadir/interest.htm.

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