Texas Health and Safety Code
§ 246.091 — SUPERVISION BY COMMISSIONER
HS § 246.091Title 4. HEALTH FACILITIES · Part B. LICENSING OF HEALTH FACILITIES · Ch. 246. CONTINUING CARE FACILITIES · Art. E. SUPERVISION, REHABILITATION, AND LIQUIDATION
Statute text
View on source(a)The commissioner may place a provider or facility under supervision if:
(1)the provider draws on the provider's entrance fee escrow in an amount greater than permitted by Section 246.073;
(2)the provider draws on the provider's loan reserve fund escrow in an amount greater than permitted or more frequently than permitted by Section 246.078;
(3)the commissioner determines, after a complaint and investigation, that the provider is financially unsound or is unable to meet the income or available cash projections previously filed by the provider and that the ability of the provider to fully perform its obligations under continuing care contracts is endangered; or
(4)the provider is bankrupt, insolvent, or has filed for protection from creditors under a federal or state reorganization, bankruptcy, or insolvency law.
(b)The commissioner appoints the supervisor.
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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. 111, eff. Sept. 1, 1991.