62-342.700 : Financial Responsibility - Florida Administrative Rules, Law, Code, Register

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Rule: 62-342.700 Prev Up Next

Rule Title: Financial Responsibility
Department:	DEPARTMENT OF ENVIRONMENTAL PROTECTION	Add to MyFLRules Favorites
Division:	Departmental
Chapter:	MITIGATION BANKS

Latest version of the final adopted rule presented in Florida Administrative Code (FAC):

	Effective Date:	6/12/2018
	History Notes:	Rulemaking Authority 373.4131, 373.4135(1), 373.4136(11) FS. Law Implemented 373.4131, 373.4135, 373.4136, 403.0877 FS. History–New 2-2-94, Formerly 17-342.700, Amended 12-12-94, 9-12-95, 5-21-01, 2-19-15, 6-12-18.
	References in this version:	Ref-05064 Investment Company Act of 1940 Ref-09498 Form 62-342.700(5), "Mitigation Bank Performance Bond to Demostrate (Construction and Implementation or Perpetual Management) Financial Assurance" Ref-09499 Form 62-342.700(6), "Mitigation Bank Irrevocable Letter of Credit to Demonstrate (Construction and Implementation or Perpetual Management) Financial Assurance" Ref-09500 Form 62-342.700(7), "Mitigation Bank Insurance Coverage Form" Ref-09501 Form 62-342.700(11), "Mitigation Bank Trust Fund Agreement to Demostrate (Construction and Implementation or Perpetual Management) Financial Assurance" Ref-09502 Form 62-342.700(10), "Mitigation Bank Standby Trust Fund Agreement to Demonstrate (Construction and Implementation or Perpetual Management) Financial Assurance" Ref-09503 Form 62-342.700(8), "Escrow (Standby Escrow) Agreement Regarding (Name of) Mitigation Bank, Permit No." Ref-09504 Circular 570 of the U.S. Department of the Tresury Ref-09505 Federal Deposit Insurance Act, 12 U.S.C. 1831o(b)

History of this Rule since Jan. 6, 2006

Section	Description	ID	Publish Date

Variances 62-342.700	The Department has issued an order. Petitioner’s Name: Florida Mitigation Bank, LLC Date Petition Filed: June 27, 2024 Rule No.: 62-342.700, F.A.C. Nature of the rule for which variance is sought: The variance will ....	28670113	8/21/2024 Vol. 50/164
Variances 62-342.700	The Department has issued an order. Petitioner’s Name: Wekiva River Mitigation Bank, LLC Date Petition Filed: June 27, 2024 Rule No.: 62-342.700, F.A.C. Nature of the rule for which variance is sought: The variance ....	28670016	8/21/2024 Vol. 50/164
Variances 62-342.700	variance (Petition) from SCP Ironhead, LLC, 2570 Commerce Parkway, North Port, Florida 34289 (Petitioner), for the proposed Ironhead Mitigation Bank, located in Collier County, Florida (Variance Application No. 240731-44978, ....	28645863	8/14/2024 Vol. 50/159
Variances 62-342.700	On July 31, 2024, the South Florida Water Management District granted JGS Land Development, LLC and Aquatic Resource Mitigation, LLC’s (collectively, “Petitioners”) Petition for Variance (Application No. 240516-43880/Permit ....	28603959	8/2/2024 Vol. 50/151
Misc 62-342.700	NOTICE OF INTENT TO GRANT VARIANCE	28540424	7/12/2024 Vol. 50/136
Misc 62-342.700	NOTICE OF INTENT TO GRANT VARIANCE	28540230	7/12/2024 Vol. 50/136
Variances 62-342.700	variance (Petition) from JGS Land Development, LLC, 635 Court Street, Suite 120, Clearwater, Florida 33756, and Aquatic Resource Mitigation, LLC, 4703 NW 53rd Avenue, Suite B-2, Gainesville, Florida 32653 (collectively, ....	28374166	5/20/2024 Vol. 50/99
Variances 62-342.700	variance (Petition) from EIP IV WITW, LLC, 5550 Newbury St., Suite B, Baltimore, Maryland 21209, for Lake Walk-In-The-Water Mitigation Bank, located in Polk County, Florida (Variance Application No. 240416-43368/ Permit ....	28285023	4/22/2024 Vol. 50/79
Variances 62-342.700	Variance (Petition) from Bluefield Ranch Environmental Mitigation Bank, LLC, 30501 Bluefield Road, Port St. Lucie, Florida 34987, for Bluefield Ranch Mitigation Bank located in Martin and St. Lucie Counties, Florida (Application ....	28245253	4/9/2024 Vol. 50/70
Misc 62-342.700	NOTICE OF EXTENSION UNDER SECTION 120.74(5), FLORIDA STATUTES	28122354	3/5/2024 Vol. 50/45
Variances 62-342.700	variance (Petition) from EIP IV Round Hammock, LLC, 5550 Newbury St., Ste. B, Baltimore, Maryland 21209 for Round Hammock Mitigation Bank located in Miami-Dade County, Florida (Application No. 231227-41811). The Petition ....	27913416	1/4/2024 Vol. 50/03
Misc 62-342.700	NOTICE OF EXTENSION UNDER SECTION 120.74(5), FLORIDA STATUTES	26937693	3/20/2023 Vol. 49/54
Development 62-342.700	Section 3, chapter 2022-215, Laws of Florida, directed the Department of Environmental Protection to adopt and modify rules adopted pursuant to ss. 373.4136 and 373.414, Florida Statutes, to ensure that required financial ....	26534852	11/14/2022 Vol. 48/221
Variances 62-342.700	That it has issued an order on April 22, 2021, granting Corkscrew Mitigation LLC petition for variance. The Petition was received on March 23, 2021. Notice of receipt of this Petition was published in the Florida Administrative ....	24450613	4/26/2021 Vol. 47/80
Variances 62-342.700	variance from Corkscrew Mitigation LLC. The petition requested a variance to utilize the forms adopted in paragraphs 62-342.700(5)(b), F.A.C. and 62-342.700(10)(b), F.A.C., which requires that surety or performance bonds ....	24345950	3/25/2021 Vol. 47/58
Variances 62-342.700	That it has issued an order on April 9, 2020, granting Ranchelo Inc’s., Petition for a Variance. The Petition was received on March 16, 2020. Notice of receipt of this Petition was published in the Florida Administrative ....	23130734	4/10/2020 Vol. 46/71
Variances 62-342.700	pursuant to section 120.542, F.S. from Petitioner, Ranchelo, Inc. The petition requested a variance from Rule 62-342.700(11)(b) F.A.C., which requires that the trust fund for perpetual management of the mitigation bank be ....	23078451	3/25/2020 Vol. 46/59
Variances 62-342.700	That it has issued an order on November 4, 2019, granting U.S. Department of the Interior, National Park Service’s Petition for a Variance. The Petition was received on August 28, 2019. Notice of receipt of this Petition ....	22573275	11/6/2019 Vol. 45/217
Variances 62-342.700	variance pursuant to section 120.542, F.S. from Petitioner, the U.S. Department of the Interior, National Park Service. The petition requested a variance from Rule 62-342.700(15)(b), F.A.C., which requires that a trust fund ....	22374619	9/13/2019 Vol. 45/179
Final 62-342.700	Financial Responsibility	20460421	Effective: 06/12/2018
Change 62-342.700	Financial Responsibility	20318801	4/23/2018 Vol. 44/79
Proposed 62-342.700	The Department proposes to amend Chapter 62-342.700, F.A.C., to allow mitigation banks established under Part IV of Chapter 373, F.S., to use certain forms of insurance and escrow as a means of demonstrating the financial ....	19873959	12/22/2017 Vol. 43/246
Variances 62-342.700	that it has issued an order on May 9, 2017, granting Florida Mitigation Bank, LLC’s Petition for variance. The Petition was received on October 13, 2016. Notice of receipt was published in the Florida Administrative Register ....	19021523	5/26/2017 Vol. 43/103
Variances 62-342.700	that it has issued an order on May 9, 2017, granting Wekiva River Mitigation Bank, LLC’s Petition for a variance. The Petition was received on October 6, 2016. Notice of receipt of this Petition was published in the Florida ....	19021426	5/26/2017 Vol. 43/103
Variances 62-342.700	variance from Petitioner Wekiva River Mitigation Bank, LLC. The petition requested a variance from Rule 62-342.700(1)(b) and (9)(a), F.A.C., which requires reasonable assurances that the Mitigation Bank will meet the requirements ....	18148523	10/14/2016 Vol. 42/201
Development 62-342.700	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. ....	16333556	8/20/2015 Vol. 41/162
Development 62-342.700	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 certain forms of insurance as a means of demonstrating the financial responsibility ....	15901906	4/17/2015 Vol. 41/75
Final 62-342.700	Financial Responsibility	15625359	Effective: 02/19/2015
Change 62-342.200 ......	Definitions, Financial Responsibility	15018333	9/5/2014 Vol. 40/173
Correction 62-342.100 ......	Intent, Definitions, Mitigation Bank Permit and Mitigation Bank Conceptual Approval Applications, Establishment of Mitigation Credits, Land Use Restrictions on Mitigation Banks, Financial Responsibility, ....	14986226	8/27/2014 Vol. 40/167
Proposed 62-342.100 ......	The Department proposes to correct citations and references in Chapter 62-342, F.A.C., “Mitigation Banks,” resulting from adoption of the new Statewide Environmental Resource Permitting rule Chapter 62-330, F.A.C., effective ....	14669327	6/17/2014 Vol. 40/117
Development 62-342.100 ......	The Department proposes to correct citations and references in Chapter 62-342, F.A.C., “Mitigation Banks,” resulting from amendments to the new Statewide Environmental Resource Permitting rule Chapter 62-330, F.A.C., effective ....	14383662	3/31/2014 Vol. 40/62
Variances 62-342.700	that on August 17, 2012, the Department of Environmental Protection issued a Final Order granting a petition for variance to CRP/HLV Highlands Ranch, LLC. The petition for variance was received on July 16, 2012, seeking ....	11924130	8/31/2012 Vol. 38/35
Variances 62-342.700	a variance from subsections 62-342.700(1)(a), (2), (3) and (4), F.A.C., from CRP/HLV Highlands Ranch, LLC, to waive the requirement that it provide proof of financial responsibility for the construction and implementation ....	11786293	7/27/2012 Vol. 38/30
Final 62-342.700	Financial Responsibility	2242851	Effective: 05/21/2001

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