Florida Regulations 5J-25.001: Bond and/or Certificate of Deposit Required; Agricultural Products
Current as of: 2024 | Check for updates
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(1) No dealer shall be required to furnish a bond and/or certificate of deposit in an amount greater than one hundred thousand dollars ($100,000).
(2) The maximum amount of bond and/or certificate of deposit required of a dealer shall be no prohibition to a dealer furnishing a bond and/or certificate of deposit in an amount greater than the maximum required.
(3) A separate bond and/or certificate of deposit shall be required to cover each one-year license period.
Rulemaking Authority 604.27 FS. Law Implemented 604.19, 604.20(1) FS. History-New 9-12-79, Amended 1-11-81, 5-2-82, Formerly 5H-1.01, Amended 5-3-90, 7-7-92, 2-26-96, 8-11-96, 1-11-06, Formerly 5H-1.001.
(2) The maximum amount of bond and/or certificate of deposit required of a dealer shall be no prohibition to a dealer furnishing a bond and/or certificate of deposit in an amount greater than the maximum required.
(3) A separate bond and/or certificate of deposit shall be required to cover each one-year license period.
Rulemaking Authority 604.27 FS. Law Implemented 604.19, 604.20(1) FS. History-New 9-12-79, Amended 1-11-81, 5-2-82, Formerly 5H-1.01, Amended 5-3-90, 7-7-92, 2-26-96, 8-11-96, 1-11-06, Formerly 5H-1.001.