Tex. Health & Safety Code § 246.078 · Subchapter D. ENTRANCE FEE AND RESERVE FUND ESCROW ACCOUNTS
RELEASE OF RESERVE FUND ESCROW.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The escrow agent may release an amount equal to not more than one-twelfth of the loan reserve fund required by Section 246.077 if the provider requests the release in writing.
(b) The escrow agent must give written notice to the board not later than the 11th day before the date of the release.
(c) The escrow agent may not release funds from the loan reserve fund escrow under this section more than once during a calendar year. A provider at any time may apply to the commissioner for the withdrawal of all or part of the loan reserve escrow funds. The provider may withdraw the funds on the approval of the withdrawal by the commissioner. The application must be made and the approval given as provided by rule.
(d) The provider must repay to the loan reserve fund escrow account the amount released to the provider under Subsection (a) or (c) not later than 18 months after the date the amount is released. The commissioner may place the provider or facility under supervision under Section 246.091 or take any other appropriate action as provided by law if the provider does not repay the loan reserve fund escrow account within the required period.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 14, Sec. 108, eff. Sept. 1, 1991.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.246.htm
- Text hash
- sha256 e8bd86f71c6dc7754947e5717cf89203449dc6eda870bb5d3bf0e5adef726a29
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 4 provisions
Provisions in this library whose text cites Tex. Health & Safety Code § 246.078. Each shows the citation as that text prints it.
Health and Safety Code
- Tex. Health & Safety Code § 246.025SUSPENSION OR REVOCATION OF CERTIFICATE OF AUTHORITY.Printed as Section 246.078
- Tex. Health & Safety Code § 246.079TRANSITION.Printed as Sections 246.077 and 246.078
- Tex. Health & Safety Code § 246.091SUPERVISION BY COMMISSIONER.Printed as Section 246.078
- Tex. Health & Safety Code § 246.092APPLICATION FOR COURT ORDER FOR REHABILITATION OR LIQUIDATION.Printed as Section 246.078
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.