INTEREST RATE SET PURSUANT TO SECTION 55.03, FLORIDA STATUTES

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 January 1, 2012, has been set at 4.75 percent per annum or a daily rate of .0129781 percent (.000129781 expressed as a decimal). The daily rate considers that 2012 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: http://www.myfloridacfo.com/aadir/interest.htm.

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