Storage Tank Financial Responsibility Rules and Related Laws

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.  

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

• Rule 62-761.420, F.A.C. – Underground Storage Tanks (UST)
• Rule 62-762.421, F.A.C. – Aboveground Storage Tanks (AST)
• 40 CFR Part 280, Subpart H (July 2015) – Federal code adopted for all storage tank financial responsibility
  • Subpart H begins on the PDF's page 76
  • 40 CFR Part 280, Subpart H (July 2015) (Static easier to read version)

Associated Rules and Florida Statutes

• Chapter 62-761, F.A.C. – other Underground Storage Tanks Rules
• Chapter 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).

Financial Responsibility Links

• Storage Tank Financial Responsibility
• Coverage Amounts
• Forms (Mechanisms)
• General Guidance (FAQs)

Other links

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