Florida Private Educational Institution Bond
Florida Private Educational Institution Bond Information
A surety bond must be posted pursuant to the Florida K-20 Education Code for Florida private educational institutions before a Certificate of Authorization can be issued to the school. The blanket surety bond must be in a penal sum of as determined by the Department of Education using a specific formula. The Department should give you the surety bond amount required for your business. The surety bond ensures that the private educational institution operates its institution as authorized by and in conformity with the all rules and regulations promulgated by the Department of Education and all provisions of the Florida Statutes. If the school operates in compliance with the Florida K-20 Education Code and all rules and regulations and any damages are promptly paid as required by the state of Florida, then this obligation will be null and void.