5310670, 61G7-5.005 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 5310670

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Board of Employee Leasing Companies

Chapter:

APPLICATION PROCEDURE

Overview

RULE:

61G7-5.005

Deficiency in Tangible Accounting and Accounting Net Worth; Guaranty Form Acceptable to Board; Sufficient Evidence of Guarantor's Adequate Resources

PURPOSE:

To correct typographical errors and clarify the requirements for applicants seeking initial or renewal licensure.

SUMMARY:

proposed rule clarifies the use of guaranties and irrevocable letters of credit by initial and renewal licensure applicants seeking to offset deficiencies in tangible accounting net worth, accounting net worth, and working capital.

RULEMAKING AUTHORITY:

468.522, 468.525(3)(d) FS.

LAW:

468.525(3) FS.

PRINT PUBLISH DATE:

3/7/2008 Vol. 34/10

COMMENTS:

From 3/7/2008 To 3/28/2008 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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