Storage Tank Financial Assurance Forms (Mechanisms)

Storage Tank Financial Assurance Forms (Mechanisms)

• New forms adopted June 2023.
• Individual mechanisms are available separately below.
• Documentation of financial assurance must be maintained to meet the requirements of rules 62‑761 and 62‑762, F.A.C. Completed selected parts of Form 62-761.900(3) - Financial Mechanisms for Storage Tanks - must be used to meet these financial responsibility (FR)* requirements. If kept off site this documentation shall be made available upon five business days notice by a department or county inspector.
• As many issuing institutions need or choose to attach a Example Facility/Tank Schedule to the financial assurance instrument, we provide a fillable example form for this purpose.
• Links to outside agencies that might be needed to verify information on Tanks financial assurance documents.
• Instruction pages for Form 62-671.900(3)

Required by All

Certification of Financial Responsibility - Form 62-761.900(3) Part P - C.F.R.

• This form part must be updated whenever a financial mechanism(s) used to demonstrate financial responsibility change(s).

Available to All Owners and Operators

Insurance

• Insurance Endorsement - Form 62-761.900(3) Part C
• Certificate of Insurance  - Form 62-761.900(3) Part D

Financial Test and Corporate Guarantee

• Financial Test (Self Insurance) - Form 62-761.900(3) Part A
• Guarantee** - Form 62-761.900(3) Part B
• See also financial tests and guarantees available only to government entities.

Performance Bond

• Performance Bond** - Form 62-761.900(3) Part E

Letter of Credit

• Irrevocable Letter of Credit** - Form 62-761.900(3) Part F

Trust Fund and Standby Trust Fund

• Trust Fund Agreement - Form 62-761.900(3) Part G
• Standby Trust Fund Agreement - Form 62-761.900(3) Part H
  • Required when a bond, letter of credit or some guarantees are used (See References and Requirements table for details).

Available Only to Government Entities

Any Government

• Bond Rating Test - Form 62-761.900(3) Part I
• Financial Test - Form 62-761.900(3) Part J
• Fund - Form 62-761.900(3) Part O

State Government

• Guarantee with Standby Trust Fund** - Form 62-761.900(3) Part K
• Guarantee without Standby Trust Fund - Form 62-761.900(3) Part M

Local Government

• Guarantee with Standby Trust Fund** - Form 62-761.900(3) Part L
• Guarantee without Standby Trust Fund - Form 62-761.900(3) Part N

Provider Companies

• List of Insurance Providers for UST Financial Responsibility Requirements
  EPA compiled this list of insurance providers based on information they received from them. UST owners and operators may find that these providers can help you obtain UST insurance that fulfills your financial responsibility obligation.  There is other useful information on this page about FA and insurance. Although this  is compiled for UST facility needs, it is useful for AST facilities as well.

• Provider Companies
  This list of provider companies consists of companies providing financial assurance for solid waste facilities, and includes several companies offering standby trust fund agreements. It may be useful to storage tank owners or operators.

Other Tank Forms (Rules and Referenced Guidelines)

Contact Information

Edgar.Echevarria@FloridaDEP.gov 850-245-8793 (South and Southwest Districts) (Disponible para ayuda en español)
Susan.F.Eldredge@FloridaDEP.gov 850-245-8740 (Northwest and Northeast Districts)
Chantay.Jerger@FloridaDEP.gov 850-245-8888 (Central and Southeast Districts)
Shared mailbox: Financial.Assurance.Working.Group@FloridaDEP.gov

If your district's contact person cannot be reached, feel free to contact any team member.

• DEP District and County Contact List for Storage Tank Program

* - The terms "financial responsibility" and "financial assurance" are often used interchangeably.

** - Requires the establishment of a Standby Trust Fund Agreement in the name of each owner or operator covered by guarantee.
 

Financial Responsibility Links

• Storage Tank Financial Responsibility
• Coverage Amounts
• General Guidance (FAQs)
• Rules and Related Laws

Other links

• Storage Tanks Program Contact List
• Storage Tank Facility Information
• Storage Tank Compliance
• Storage Tank Facility Registration
• FIRST Public Reports