Rule: 62-342.700 Prev   Up   Next

Rule Title: Financial Responsibility
Department: DEPARTMENT OF ENVIRONMENTAL PROTECTION    Add to MyFLRules Favorites
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Division: Departmental
Chapter: MITIGATION BANKS

Latest version of the final adopted rule presented in Florida Administrative Code (FAC):

VIEW_RULE Effective Date: 6/12/2018
History Notes: Rulemaking Authority 373.4131, 373.4135(1), 373.4136(11) FS. Law Implemented 373.4131, 373.4135, 373.4136, 403.0877 FS. History–New 2-2-94, Formerly 17-342.700, Amended 12-12-94, 9-12-95, 5-21-01, 2-19-15, 6-12-18.
References in this version: Ref-05064 Investment Company Act of 1940
Ref-09498 Form 62-342.700(5), "Mitigation Bank Performance Bond to Demostrate (Construction and Implementation or Perpetual Management) Financial Assurance"
Ref-09499 Form 62-342.700(6), "Mitigation Bank Irrevocable Letter of Credit to Demonstrate (Construction and Implementation or Perpetual Management) Financial Assurance"
Ref-09500 Form 62-342.700(7), "Mitigation Bank Insurance Coverage Form"
Ref-09501 Form 62-342.700(11), "Mitigation Bank Trust Fund Agreement to Demostrate (Construction and Implementation or Perpetual Management) Financial Assurance"
Ref-09502 Form 62-342.700(10), "Mitigation Bank Standby Trust Fund Agreement to Demonstrate (Construction and Implementation or Perpetual Management) Financial Assurance"
Ref-09503 Form 62-342.700(8), "Escrow (Standby Escrow) Agreement Regarding (Name of) Mitigation Bank, Permit No."
Ref-09504 Circular 570 of the U.S. Department of the Tresury
Ref-09505 Federal Deposit Insurance Act, 12 U.S.C. 1831o(b)
History of this Rule since Jan. 6, 2006
Notice /
Adopted
Section Description ID Publish
Date
View Text Final
62-342.700
Financial Responsibility 20460421 Effective:
06/12/2018
View Text Change
62-342.700
Financial Responsibility 20318801 4/23/2018
Vol. 44/79
View Text Proposed
62-342.700
The Department proposes to amend Chapter 62-342.700, F.A.C., to allow mitigation banks established under Part IV of Chapter 373, F.S., to use certain forms of insurance and escrow as a means of demonstrating the financial .... 19873959 12/22/2017
Vol. 43/246
View Text Variances
62-342.700
that it has issued an order on May 9, 2017, granting Florida Mitigation Bank, LLC’s Petition for variance. The Petition was received on October 13, 2016. Notice of receipt was published in the Florida Administrative Register .... 19021523 5/26/2017
Vol. 43/103
View Text Variances
62-342.700
that it has issued an order on May 9, 2017, granting Wekiva River Mitigation Bank, LLC’s Petition for a variance. The Petition was received on October 6, 2016. Notice of receipt of this Petition was published in the Florida .... 19021426 5/26/2017
Vol. 43/103
View Text Variances
62-342.700
variance from Petitioner Wekiva River Mitigation Bank, LLC. The petition requested a variance from Rule 62-342.700(1)(b) and (9)(a), F.A.C., which requires reasonable assurances that the Mitigation Bank will meet the requirements .... 18148523 10/14/2016
Vol. 42/201
View Text Development
62-342.700
This notice supplements the first notice published in Vol. 41, No. 75, April 17, 2015, of the Florida Administrative Register, which identified rule development to allow insurance as a means of demonstrating financial responsibility. .... 16333556 8/20/2015
Vol. 41/162
View Text Development
62-342.700
The purpose of this rule development is to amend the existing rule to allow mitigation banks established under Part IV of Chapter 373, F.S., to use certain forms of insurance as a means of demonstrating the financial responsibility .... 15901906 4/17/2015
Vol. 41/75
View Text Final
62-342.700
Financial Responsibility 15625359 Effective:
02/19/2015
View Text Change
62-342.200
......
Definitions, Financial Responsibility 15018333 9/5/2014
Vol. 40/173
View Text Correction
62-342.100
......
Intent, Definitions, Mitigation Bank Permit and Mitigation Bank Conceptual Approval Applications, Establishment of Mitigation Credits, Land Use Restrictions on Mitigation Banks, Financial Responsibility, .... 14986226 8/27/2014
Vol. 40/167
View Text Proposed
62-342.100
......
The Department proposes to correct citations and references in Chapter 62-342, F.A.C., “Mitigation Banks,” resulting from adoption of the new Statewide Environmental Resource Permitting rule Chapter 62-330, F.A.C., effective .... 14669327 6/17/2014
Vol. 40/117
View Text Development
62-342.100
......
The Department proposes to correct citations and references in Chapter 62-342, F.A.C., “Mitigation Banks,” resulting from amendments to the new Statewide Environmental Resource Permitting rule Chapter 62-330, F.A.C., effective .... 14383662 3/31/2014
Vol. 40/62
View Text Variances
62-342.700
that on August 17, 2012, the Department of Environmental Protection issued a Final Order granting a petition for variance to CRP/HLV Highlands Ranch, LLC. The petition for variance was received on July 16, 2012, seeking .... 11924130 8/31/2012
Vol. 38/35
View Text Variances
62-342.700
a variance from subsections 62-342.700(1)(a), (2), (3) and (4), F.A.C., from CRP/HLV Highlands Ranch, LLC, to waive the requirement that it provide proof of financial responsibility for the construction and implementation .... 11786293 7/27/2012
Vol. 38/30
View Text Final
62-342.700
Financial Responsibility 2242851 Effective:
05/21/2001