Fiscal Year Memo 2027-05: Late Penalty Interest Rate - Office of the Comptroller

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Fiscal Year Memo, Contracts Vendors and Payments, Guidance for Departments

July 20, 2026

Fiscal Year Memo 2027-05: Late Penalty Interest Rate

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The late penalty interest rate for July 1, 2026 – December 31, 2026, is 3.75% per annum (Daily Interest Rate = 0.0001027).