Guidance for Departments
January 21, 2020
Fiscal Year Memo FY2020-15: Advise Departments in Regards to Late Penalty Interest Rate for January 1, 2020 – June 30
CTR Memo FY2020-15 advises departments that the late penalty interest rate for January
1, 2020 – June 30, 2020 is 2.25% per annum (Daily Interest Rate = 0.0000616).