Fiscal Year Memo FY2021-04: Late Penalty Interest Rate
The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2020 – December 31, 2020 is 0.25% per annum (Daily Interest Rate = 0.0000068).
The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2020 – December 31, 2020 is 0.25% per annum (Daily Interest Rate = 0.0000068).