The Department issued an Final Order granting the Petition of Banco de Sabadell, S.A., seeking a variance from the provisions of Rule 14-116.002, F.A.C. The Petition was received by the Department on April 18, 2007. The Department published its ...

 

DEPARTMENT OF TRANSPORTATION

RULE NO: RULE TITLE
14-116.002: Letters of Credit

NOTICE IS HEREBY GIVEN THAT on July 18, 2007, the Florida Department of Transportation has issued an order.

The Department issued a Final Order granting the Petition of Banco de Sabadell, S.A., seeking a variance from the provisions of Rule 14-116.002, F.A.C. The Petition was received by the Department on April 18, 2007. The Department published its notice of receipt of the petition in the May 4, 2007, edition of the F.A.W. Rule 14-116.002, F.A.C., establishes requirements of the Department of Transportation Comptroller for approval of letters of credit issued for the benefit of the Department. The Department’s Final Order, issued in DOT Case No. 07-043, granted the petition because the petitioner has demonstrated that the purpose of the statute underlying the rule will be met, that the petitioner would suffer a hardship from the rule, and that in the petitioner’s particular case, the rule violates principles of fairness.

A copy of the Order may be obtained by contacting: Clerk of Agency Proceedings, Department of Transportation, 605 Suwannee Street, M.S. 58, Tallahassee, Florida 32399-0458. For additional information, contact James C. Myers at [phone].