7111863, 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: 7111863

Notice of Development of Rulemaking

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 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:

The use of guaranties to offset any deficiency in tangible accounting net worth, accounting new worth, or working capital.

RULEMAKING AUTHORITY:

468.522 FS.

LAW:

468.525(3) FS.

PRINT PUBLISH DATE:

5/15/2009 Vol. 35/19

RELATED STATUTES
AND LAWS:

468.522 FS., 468.525(3) FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=61G7-5.005&PDate=5/15/2009&Section=1

REFERENCE MATERIALS:

No reference(s).

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