Texas Health and Safety Code

§ 246.051 — CONTENTS OF DISCLOSURE STATEMENT: ANNUAL INCOME STATEMENTS

HS § 246.051Title 4. HEALTH FACILITIES · Part B. LICENSING OF HEALTH FACILITIES · Ch. 246. CONTINUING CARE FACILITIES · Art. C. CONTINUING CARE CONTRACTS AND DISCLOSURE STATEMENTS

Statute text

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The disclosure statement must contain estimated annual income statements for the facility for at least five fiscal years, including:

(1)anticipated earning on any cash reserves;

(2)estimates of net receipts from entrance fees, other than entrance fees included in the statement of anticipated source and application of funds required under Section 246.052, minus estimated entrance fee refunds, including a description of the actuarial basis and method of computation for the projection of entrance fee receipts;

(3)an estimate of gifts or bequests to be relied on to meet operating expenses;

(4)a projection of estimated income from fees and charges, excluding entrance fees, that:

(A)states individual rates anticipated to be charged; and

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Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 14, Sec. 100, eff. Sept. 1, 1991.