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.
Another Rulemaking process has been completed. While no consequential changes were made to the forms, they were changed slightly, and these new forms will need to be used. The current form effective date is June 2023.
Financial Responsibility Rules and Adopted Federal Code
The Florida Department of Environmental Protection is the state’s lead agency for environmental management and stewardship – protecting our air, water and land. The vision of the Florida Department of Environmental Protection is to create strong community partnerships, safeguard Florida’s natural resources and enhance its ecosystems.