Storage Tank Performance Bond

Form 62-761.900(3) Part E

Other Forms Needed, Examples, and Links

• Form Part P (Certification of Financial Responsibility)
  • Period of Coverage: will be from 'Effective' date (from Part E page 1) to "evergreen".
• Form Part H (Standby Trust Fund) 
• Example Facility/Tank Schedule
• Links to Outside Agencies - for verifications (Sunbiz, Circular 570)

Bond Specific Guidance

• Power-of-Attorney must be kept with bond and with any rider.
• Power-of-Attorney date must be the same date as the execution date on the bond (page 1 of the bond) or rider.
• Embossed surety seal must be on the original Power-of-Attorney and on the last page of the bond by the Authorized Representative of Surety’s signature.
• Name of Authorized Representative of Surety on the bond must exactly match name on Power-of-Attorney. Example: John R. James is not the same as John James.
• The Surety must be listed on the Treasury’s Circular 570 with licensure in Florida and the Annual Aggregate must be less than or equal to the Underwriting Limit.
• Name of Surety should be exactly as on Circular 570.

What to Do with Completed Forms

• An owner or operator must maintain financial responsibility records (copies of the completed form parts with required supporting documentation) at the facility or at their business office.
• If not kept at the facility, they shall be made available at the facility or another agreed upon location upon five business days notice by a department or county inspector.

Return to the Storage Tank Financial Assurance Forms (Mechanisms) webpage.