Florida — South Florida Water Management District Right Of Way (Corporation) Bond
Prepare the corporation's legal identity and District ROW application/permit scope. SFWMD's posted financial-assurance form distinguishes execution and effective dates and continues until District final release.
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- Recorded state
- Florida
- Bond type
- Right-of-Way / Street Work / Encroachment Bond
- Category
- Contractors & construction
What this bond does
South Florida Water Management District financial assurance for the activities identified in the ROW occupancy application/permit and approved plans.
- Who needs it
- Corporate principals directed to furnish District ROW financial assurance. Confirm this corporation-labeled offering matches the actual legal organization and accepted instrument.
- Who it protects
- The posted form secures satisfactory performance of the defined permit activities and provides specified surety action or standby-trust funding if its conditions fail. It is not general road-contractor licensing.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
Have these ready
- District's accepted ROW financial-assurance request and corporation/product match.
- Legal corporate name, organization/state of incorporation, authorized signer, and execution/effective dates.
- Application/permit number, approved plans, coverage activities, required sum, and surety affidavit.
- Actual filing, occupancy authorization, adjustment, cancellation/replacement, and final-release directions.
Questions about this bond
Does the posted form use only corporations?
It includes several organization choices. This page's offering is corporation-labeled; confirm the legal principal and issued-form match.
Does the five-year provision establish a fixed term?
It concerns adjustment of the bond sum. The form separately continues until District final release; this offering displays no fixed term.
Can the principal's notice alone terminate the bond?
The form requires District written authorization before that termination becomes effective. Follow the accepted instrument's actual cancellation/replacement process.