31150694, 25-30.117 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 31150694

Notice of Proposed Rule

Department:

PUBLIC SERVICE COMMISSION

Chapter:

WATER AND WASTEWATER UTILITY RULES

Overview

RULE:

25-30.117	Accounting for Pension Costs
25-30.360	Refunds

PURPOSE:

To update and clarify the rules following the statutory rule review mandated by Section 120.5435, Florida Statutes.
Docket No.: 20260036-OT

SUMMARY:

These rules are being amended to make them more readable, reflect current practice, remove obsolete references, and update the rules to reflect current, widely accepted accounting guidelines. In Rule 25-30.117, F.A.C., the proposed amendments reflect use of the Accounting Standards Codification 715 (ASC 715), rather than the Statement of Financial Accounting Standards No. 87, Employers’ Accounting for Pensions (SFAS 87). The Accounting Standards Codification (ASC) supersedes the Statement of Financial Accounting Standards as the centralized source of U.S. Generally Accepted Accounting Principles (U.S. GAAP), all updates to standards are now made to the ASC. In Rule 25-30.360, F.A.C., reflect use of the AA non-financial 30-day commercial paper rate published by the Board of Governors of the Federal Reserve System, rather than the rate for high-grade, unsecured note as published in the Wall Street Journal. The Wall Street Journal has not reliably published the 30-day AA non-financial commercial paper rate since September 2011. The Board of Governors of the Federal Reserve System publishes the 30-day AA non-financial commercial paper rate every business day (if there is sufficient trading data) and is more reliable

RULEMAKING AUTHORITY:

350.127(2), 367.121, F.S.

LAW:

367.081, 367.0814, 367.082(2) 367.121, F.S

PRINT PUBLISH DATE:

7/24/2026 Vol. 52/143

COMMENTS:

From 7/24/2026 To 8/14/2026 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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