Storage Tank Financial Responsibility Requirements
Submitted by Eldredge_SF on December 12, 2016 - 9:47am
Links to selected portions of DEP rules cover most of the financial assurance and cost estimate requirements for Hazardous Waste facilities as regulated by the Financial Assurance Working Group. Complete online versions of these DEP rules are available on the Division of Waste Management Rules page or the Florida Department of State's Florida Administrative Code.
Owners or operators of hazardous waste facilities requiring closure, postclosure and corrective action financial assurance shall annually adjust their facility cost estimates for inflation and submit updated information to the department. Permittees must follow Rule 62-730.180 and Rule 62-730.226, Florida Administrative Code (F.A.C.).
For proof of financial responsibility, originally signed duplicates of financial mechanism(s) shall be submitted on the appropriate form(s) pursuant to Rule 62‑730.180(6)(a), F.A.C.. DEP Form 62‑730.900(4)(a)-(r) are available below.
Note: If a letter of credit or a surety bond is used, a standby trust fund agreement [Forms 62-730.900(4)(f) or (r)] is also needed.
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