21505984, 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: 21505984

Notice of Proposed Rule

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69I-25.001	Application of Rule (Repealed)
69I-25.002	Definitions (Repealed)
69I-25.003	Requirements (Repealed)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 69I-25, F.A.C., will repeal two rules to eliminate duplicative information that is identical in section 55.03, F.S., and 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.

SUMMARY:

This rule chapter is being amended to reflect changes regarding the rate of interest for judgments, decrees, or untimely payments to vendors.

RULEMAKING AUTHORITY:

17.29, FS.

LAW:

55.03, 215.422(3), FS.

PRINT PUBLISH DATE:

2/11/2019 Vol. 45/28

COMMENTS:

From 2/11/2019 To 3/4/2019 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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