SURETY BONDS. Pursuant to the requirements of section 429.27(2), F.S.:
(a) For entities that own more than one facility in the state, one surety bond may be purchased to cover the needs of all residents served by the entities.
(b) The following additional bonding requirements apply to facilities serving residents receiving OSS:
- If serving as representative payee for a resident receiving OSS, the minimum bond proceeds must equal twice the value of the resident’s monthly aggregate income, which must include any supplemental security income or social security disability income plus the OSS payments, including the personal needs allowance.
- If holding a power of attorney for a resident receiving OSS, the minimum bond proceeds must equal twice the value of the resident’s monthly aggregate income, which must include any supplemental security income or social security disability income; the OSS payments, including the personal allowance; plus the value of any property belonging to a resident held at the facility.
(c) Upon the annual issuance of a new bond or continuation bond, the facility must file a copy of the bond with the Agency Central Office.