Purpose


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. Other forms of financial responsibility mechanims will also be established in this rule development. 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 additional methods of demonstrating the financial responsibility required pursuant to Section 373.4136(1)(i), F.S. The effect of this rule development will be to establish additional mechanisms for demonstrating financial responsibility for the construction, operation, and long-term management of a mitigation bank.