Texas Administrative Code
Title 1 - ADMINISTRATION
Part 4 - OFFICE OF THE SECRETARY OF STATE
Chapter 102 - HEALTH SPAS
Subchapter D - SECURITY
Section 102.30 - Acceptable Forms of Security
Universal Citation: 1 TX Admin Code ยง 102.30
Current through Reg. 49, No. 38; September 20, 2024
(a) Unless exempted, a health spa operator must file a surety bond or post as other security:
(1) Cash or its equivalent;
or
(2) a Certificate of Deposit as
prescribed in §
RSA
102.45 of this subchapter (relating to
Procedure for Filing Certificates of Deposit as Security).
(b) The secretary of state will not accept Letters of Credit as security under §702.151 of the Health Spa Act. Letters of Credit posted as security on December 27, 2004 may continue as security until the expiration date of the Letter of Credit. On or before such expiration date, the health spa operator shall replace the Letter of Credit with a form of security authorized by subsection (a) of this section.
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