Hazardous waste bond cost
The State of Florida requires hazardous waste facilities and hazardous waste transporters to post surety bonds in varying amounts prior to conducting business. Applicants should verify their required bond amount with the state prior to bonding.
Hazardous waste transporter bond
Florida hazardous waste transporter bonds are put in place to ensure that principals (waste transporters) conduct business according to the provisions and conditions of Chapter 403.724 of the Florida Statutes and Rule 62-730.170 of the Florida Administrative Code.
If the principal fails to comply with these terms, the bond protects any person who suffers financial loss as a result of the principal’s violations up to the full amount of the bond. The principal must reimburse the surety for any damages paid out.
A hazardous waste transporter bond in Florida is continuous until canceled. The surety can terminate the bond by giving writtin notice of cancellation to the Secretary or designee of the FDEP at least 30 days prior to the effective termination date.
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