RULE NO.:RULE TITLE:
25-30.444Utility Reserve Fund
NOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 43 No. 47, March 9, 2017 issue of the Florida Administrative Register.
25-30.444 Utility Reserve Fund
(1) PROJECT ELIGIBILITY. The following considerations shall be applied in determining whether a
future infrastructure repair or replacement project of existing distribution and collection infrastructure that is nearing the end of its useful life or is detrimental to water quality or reliability of service is eligible for advance funding through a utility reserve fund and whether a utility reserve fund is the most appropriate methodology to address the requested project.
(a) through (c) No change.
(2) No change.
(3) No change.
(4) DISBURSEMENT OF FUNDS. A utility requesting disbursement of funds from an escrow account or authorization to use funds secured by an irrevocable letter of credit shall file the following information and supporting documentation:
(a) through (e) No change.
(f) A utility may request the disbursement of funds from a utility reserve fund to assist with making an emergency repair or replacement of existing distribution and collection infrastructure that is nearing the end of its useful life or is detrimental to water quality or reliability of service that is critical to the operation of the utility facilities and resulted from events that were out of the utility’s control, such as weather related damage, accidents, or defective parts.
1. through 3. No change.
(5) through (6) No change.
