Tuesday, July 26, 2011

Electrical Rule Changes

Changes have just occurred in the electrical licensing world.  The following rule changes went into effect on Sunday July 17, 2011.  In a nutshell:

·  The Statement of Bonding Limits or Irrevocable Letter of Credit is no longer required.

·  Personal Financial Statements no longer need to be notarized.

·  Forms on the DBPR website have been updated.

Here are the actual statutes now in place at the ECLB.  The crossed-through portions have been removed from the requirements.

61G6-5.003 Requirements for Certification.

 (2) Every applicant must submit:

(a) A comprehensive financial statement reflecting the financial condition of the individual applicant during the previous fiscal year; provided, however, that the statement must have been prepared within 12 months of the date of filing of the application. The financial statement shall include a balance sheet. Unless prepared by a certified public accountant, the financial statement shall be signed in the presence of a notary by the individual applicant.

61G6-5.004 Requirement for Business Organizations.

In order that the Board may carry out its statutory duty to investigate the financial responsibility, credit, and business reputation of an applicant proposing to engage in contracting as a partnership, corporation, business trust, or other legal entity other than a sole proprietorship, an applicant shall be required to forward the following to the Department for review by the Board:

(1) A statement signed and sealed by an officer of a surety company licensed to do business in Florida, certifying that the company would issue a performance or payment bond in an amount of at least $10,000.00 to an applicant for a specialty certification and in an amount of at least $25,000.00 to an applicant for unlimited electrical or alarm certification at the time of application. However, an applicant may substitute an Unexpired Irrevocable Letter of Credit from a responsible financial institution in an amount of at least $10,000.00 or $25,000.00 respectively, in lieu of this requirement.

As always, look to the gals at Licenses, Etc. to help you get through the licensing process quickly and easily.  We are always looking out for what affects you. 

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