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Storage Tank Financial Responsibility Rules

Financial Responsibility Rules and Related Laws

Financial assurance is required for qualifying Underground Storage Tanks (USTs) and Aboveground Storage Tanks (ASTs). Financial responsibility rules for petroleum storage tanks were revised in 2017 to require financial institutions to use DEP forms when providing financial assurance to tank owners. We are again in the rulemaking process with workshops just held in February 2022. We expect this process to be complete by the end of the summer. 

While no consequential changes were made to the forms, they were changed slightly, and these new forms will need to be used once adopted in late 2022. Draft revisions are available on the Storage Tank Systems Rulemaking page.

Financial Responsibility Rules and Adopted Federal Code

Associated Rules and Florida Statutes

  • Rule 62-761, F.A.C. – other Underground Storage Tanks Rules
  • Rule 62-762, F.A.C. – other Aboveground Storage Tanks Rules
  • Florida Rules – all Florida Administrative Code (rules) are available
  • Relevant Florida Statutes are identified on Rule pages (above).

Links:

Storage Tank Financial Responsibility Main Page  *  Forms (Mechanisms)  *  General Guidance (FAQs)  *  Rules and Related Laws  *  Storage Tank Program Contact List

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Last Modified:
April 14, 2022 - 2:22pm

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