Florida Phosphogypsum Stack System Surety Bond
Photo by Harvey Henkelmann
The State of Florida Department of Environmental Protection, Mining and Mitigation Program is responsible for the administration of reclamation and wetland resource permitting programs and phosphogypsum stack systems and phosphate management.
The mining and mitigation program details can be found in Part II of Chapter 211, Part IV of Chapter 373 and Parts II and III Chapter 378 of the Florida Statutes and Rules 62-673.640 of the Florida Administrative Code.
Financial Assurance Requirements:
The regulatory process includes a required financial assurance through various means including but not limited to: a Letter of Credit, insurance, financial guarantee surety bond, performance surety bond, cash deposit arrangement, or financial test or corporate guarantee.
Financial assurance varies on the costs for the terminal closure, long-term care, water management, etc.
How Much Will This Bond Cost?
The premium that you pay for a Florida Phosphogypsum Stack System Performance Surety Bond to demonstrate closure, water management and/or long-term financial assurance is dependent on: post-closure plans, credit of each owner, personal financials, business financials and the bond amount required, as well as any additional underwriting documentation required. Our rates start at 1% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote.
Related Links:
Florida Phosphate Management ProgramFlorida Phosphate Management Administrative Code
More Surety Bond Questions?
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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