The Board is considering amending the provisions within this rule concerning the use of guaranties.  


  • RULE NO: RULE TITLE
    61G7-5.005: Deficiency in Tangible Accounting Net Worth; Guaranty Form Acceptable to Board; Sufficient Evidence of Guarantor's Adequate Resources
    PURPOSE AND EFFECT: The Board is considering amending the provisions within this rule concerning the use of guaranties.
    SUBJECT AREA TO BE ADDRESSED: The use of guaranties to offset any deficiency in tangible accounting net worth, accounting new worth, or working capital.
    SPECIFIC AUTHORITY: 468.522 FS.
    LAW IMPLEMENTED: 468.525(3) FS.
    IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
    THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Richard Morrison, Executive Director, Board of Employee Leasing Companies, 1940 North Monroe Street, Tallahassee, Florida 32399-0767

    THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.

Document Information

Subject:
The use of guaranties to offset any deficiency in tangible accounting net worth, accounting new worth, or working capital.
Purpose:
The Board is considering amending the provisions within this rule concerning the use of guaranties.
Rulemaking Authority:
468.522 FS.
Law:
468.525(3) FS.
Contact:
Richard Morrison, Executive Director, Board of Employee Leasing Companies, 1940 North Monroe Street, Tallahassee, Florida 32399-0767
Related Rules: (1)
61G7-5.005. Deficiency in Tangible Accounting Net Worth; Guaranty Form Acceptable to Board; Sufficient Evidence of Guarantor's Adequate Resources