Texas Occupations Code

§ 702.153 — REQUIREMENTS FOR SECURITY OTHER THAN SURETY BOND

OC § 702.153Title 3. HEALTH PROFESSIONS · Part M. REGULATION OF OTHER HEALTH PROFESSIONS · Ch. 702. HEALTH SPAS · Art. D. SECURITY REQUIREMENTS

An applicant who posts under Section 702.151 security other than a surety bond is:

(1)not required to post other security annually if the applicant maintains security in the amount of $20,000; and

(2)entitled to receive the interest that accumulates on the other security posted.

Legislative history

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.