Solid Waste Landfill Management Escrow Account (Governmental Use Only)
The attached are offered as drafts for a governmental agency to draw on. Variations are found to be acceptable. Requirements for the use of a landfill management escrow account are detailed in Rule 62-701.630(5), F.A.C. Who may use it is specified in Rule 62-701.630(2)(b)1., F.A.C.
Revenue shall be deposited in an interest-bearing escrow account with a financial institution such as a bank or trust whose operations are regulated and examined by a federal or state agency, or deposited in a Department-approved investment pool, created by the State of Florida or local governments that has as its primary objective liquidity and preservation of principle.
Per Memo SWM-09.7 and subsequent determination, department-approved investment pools currently include:
State Board of Administration (Local Government Pooled Account) (SBA)
Florida Local Government Investment Trust (FLGIT)
Special Purpose Investment Account (SPIA)
File with the Department a signed duplicate original of the escrow agreement
The audit shall:
Be conducted by an independent Certified Public Accountant and shall be filed no later than March 31 of the following year (i.e., 6 months after the audited fiscal year ended)
Identify where funds are on deposit (e.g., name of bank(s) or pool)
Give the landfill management escrow account balance as of the end of the fiscal year
Itemize by facility, the amount restricted for closing and long-term care.
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.