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2011 Statutory Rate of Interest - Florida Department of Financial Services

2011 Statutory Rate of Interest - Florida Department of Financial Services

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Published by: FloridaLegalBlog on Dec 07, 2010
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07/10/2013

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Florida Department of Financial Services
STATUTORY INTEREST RATESPURSUANT TO SECTION 55.03,FLORIDA STATUTESINTEREST RATE FOR THE YEAR 2011
Section 55.03(1), Florida Statutes, requires the Chief Financial Officer, on December 1 of each year beginningin 1994, to set the rate of interest that shall be payable on judgments and decrees for the year beginning thefollowing January 1. Sections 215.422(3)(b), 337.141(3) and 687.01, Florida Statutes, were amended to requirethe use of interest at the rate established in Section 55.03(1), Florida Statutes, for the payment of interestapplicable to the late payments to vendors for goods and services purchased by the State; for late payments onapplicable construction or maintenance contracts administered by the Department of Transportation; and forcases where a rate of interest is not specified in a contract. The interest rate for payments to health careproviders pursuant to Section 215.422(13), Florida Statutes, remains at 1% per month or .0003333 per day.Rule 69I-25, Florida Administrative Code, establishes the procedures for computing the interest rate on anannual basis.
The year 2011 interest rate established pursuant to Section 55.03, Florida Statutes,has been set at 6.0% per annum or .0001644 per day.PRIOR YEAR RATES
YEARPER ANNUMDAILY RATE20106%.000164420098%.0002192200811%.0003014200711%.000301420069%.000246620057%.000191820047%.000191820036%.000164420029%.0002466200111%.0003014200010%.0002740199910%.0002740199810%.0002740199710%.0002740
12/6/2010 Florida Department of Financial Servicesmyfloridacfo.com/aadir/interest.htm 1/2

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