Requirements  

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    DEPARTMENT OF FINANCIAL SERVICES

    Division of Accounting and Auditing

    Interest Rate Set Persunt to Section 55.03 Florida Statute

    RULE NO.:RULE TITLE:

    69I-25.003Requirements

    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 October 1, 2020 has been set at 5.37 percent per annum or a daily rate of .0146721 percent (.000146721 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.

    Please contact the Vendor Ombudsman Section at (850)413-5516 if you have any questions.

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69I-25.003. Requirements