Determination of Minimum Bond Required  


  • RULE NO.: RULE TITLE:
    20-108.004: Determination of Minimum Bond Required
    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. 38 No. 34, August 24, 2012 issue of the Florida Administrative Weekly.

    As a result of JAPC review:

    SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION should have included the following language: The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: The bond schedule currently in statute has been removed by the 2012 Legislature. The industry will continue using the same bond schedule as the one relied upon for over 60 years in statute. Although the rule is new, the schedule is not; therefore, the industry will not incur any additional regulatory costs nor will there be any adverse impact on small business.