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The Florida Senate

2009 Florida Statutes

Section 197.3074, Florida Statutes 2009

197.3074  Deferred payment tax certificates.--

(1)  The tax collector shall notify each local governing body of the amount of taxes and non-ad valorem assessments deferred which would otherwise have been collected for the governing body. The tax collector shall, at the time of the tax certificate sale held under s. 197.432, strike each certificate off to the county. Certificates issued under this section are exempt from the public sale of tax certificates held pursuant to s. 197.432

(2)  The certificates held by the county shall bear interest at a rate equal to the annually compounded rate of 3 percent plus the Consumer Price Index for All Urban Consumers; however, the interest rate may not exceed 9.5 percent.

History.--s. 6, ch. 2007-198.