RULE NO: RULE TITLE
61G7-5.005: Deficiency in Tangible Accounting and Accounting Net Worth; Guaranty Form Acceptable to Board; Sufficient Evidence of Guarantor's Adequate Resources
PURPOSE AND EFFECT: To amend Rule 61G7-5.005, F.A.C. and Form DBPR EL 4505 to make the guarantor financially responsible until he or she specifically revokes the guarantee.
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: 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.