Texas Health and Safety Code

§ 246.073 — RELEASE TO PROVIDER FOR NEW FACILITY OR EXPANSION

HS § 246.073Title 4. HEALTH FACILITIES · Part B. LICENSING OF HEALTH FACILITIES · Ch. 246. CONTINUING CARE FACILITIES · Art. D. ENTRANCE FEE AND RESERVE FUND ESCROW ACCOUNTS

Statute text

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(a)This section applies only to:

(1)a newly constructed facility; or

(2)an expansion of an existing facility in which the number of existing living units is increased by 50 percent or more. (a-1) Except as provided by Subsection (b), an escrow agent shall release an entrance fee to the provider if:

(1)a minimum of 50 percent of the number of living units in the facility have been reserved for residents, as evidenced by:

(A)uncanceled executed continuing care contracts or reservation agreements with those residents; and

(B)the receipt by the agent of entrance fee deposits of at least 10 percent of the entrance fee designated for each reserved living unit;

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Legislative history

Acts 2025, 89th Leg., R.S., Ch. 836 (S.B. 1522), Sec. 11, eff. January 1, 2026. Acts 2025, 89th Leg., R.S., Ch. 836 (S.B. 1522), Sec. 12, eff. January 1, 2026.