21289674, 69I-25.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 21289674

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Accounting and Auditing

Chapter:

RATE OF INTEREST, JUDGEMENTS, DECREES OR UNTIMELY PAYMENT TO VENDORS

Overview

RULE:

69I-25.001	Application of Rule (Repealed)
69I-25.002	Definitions (Repealed)
69I-25.003	Requirements (Repealed)

PURPOSE:

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:

Judgment Interest Requirements

RULEMAKING AUTHORITY:

17.29, FS.

LAW:

55.03 and 215.422(3), FS.

PRINT PUBLISH DATE:

12/21/2018 Vol. 44/247

RELATED STATUTES
AND LAWS:

17.29, FS., 55.03 and 215.422(3), FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69I-25.001&PDate=12/21/2018&Section=1

REFERENCE MATERIALS:

No reference(s).

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