The proposed amendments to Rule Chapter 691-25, F.A.C., will repeal two rules to eliminate duplicative information that is identical in section 55.03, F.S., and to implement the legislative changes made to section 55.03, F.S., which requires the ...

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Accounting and Auditing

RULE NOS.:RULE TITLES:

69I-25.001Application of Rule

69I-25.002Definitions

69I-25.003Requirements

PURPOSE AND EFFECT: The proposed amendments to Rule Chapter 691-25, F.A.C., will repeal two rules to eliminate duplicative information that is identical in section 55.03, F.S., and to implement the legislative changes made to section 55.03, F.S., which requires the rate of interest to be set quarterly by the Chief Financial Officer, lowers the basis points that get added to the federal discount rate to 400 for rate calculation purposes, and includes the four dates in a calendar year that the rate of interest shall be set on for payments on judgments or decrees.

SUBJECT AREA TO BE ADDRESSED: Judgment Interest Requirements

RULEMAKING AUTHORITY: 17.29, FS.

LAW IMPLEMENTED: 55.03 and 215.422(3), FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: January 4, 2019, 1:30 p.m.

PLACE: Larson Building, Room 116, 200 East Gaines Street, Tallahassee, FL

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Mark Merry, telephone: [phone], email: [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Mark Merry, address: 200 East Gaines Street, Tallahassee,

FL 32399-0393, telephone: [phone], email: [e-mail].

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.