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Texas Health and Safety Code

§ 246.076 — INTEREST ACCRUED ON ENTRANCE FEE FUNDS

HS § 246.076Title 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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Unless otherwise provided in a continuing care contract, interest that accrues on funds held in an entrance fee escrow account is the property of the provider.

Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 953, Sec. 12, eff. Sept. 1, 1993.

Source: Texas Health and Safety Code § 246.076 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.