Texas Administrative Code
Title 26 - HEALTH AND HUMAN SERVICES
Part 1 - HEALTH AND HUMAN SERVICES COMMISSION
Chapter 260 - DEAF BLIND WITH MULTIPLE DISABILITIES (DBMD) PROGRAM AND COMMUNITY FIRST CHOICE (CFC) SERVICES
Subchapter E - ASSISTANCE WITH PERSONAL FUNDS MANAGEMENT
Section 260.253 - Establishing a Trust Fund Account
Universal Citation: 26 TX Admin Code ยง 260.253
Current through Reg. 49, No. 38; September 20, 2024
(a) A program provider that assists an individual with personal funds management must:
(1) establish a trust fund account;
(2) identify the trust fund account in
accordance with the financial institution's requirements for trustee
accounts;
(3) ensure the trust fund
account is insured under federal or state law;
(4) deposit the individual's personal funds
in the trust fund account; and
(5)
ensure an individual's personal funds are not commingled with the program
provider's funds in the trust fund account.
(b) The program provider must maintain a trust fund account as:
(1) a pooled checking
account containing the personal funds of two or more individuals for whom the
program provider manages personal funds;
(2) a checking account containing the
personal funds of one individual with a financial institution chosen by the
program provider and approved, in writing, by the individual or LAR;
or
(3) a checking account
containing the personal funds of one individual with a financial institution
chosen by the individual or LAR.
(c) A program provider that maintains a trust fund account as a pooled checking account must establish an individual checking account as described in subsection (b)(2) or (3) of this section if an individual or LAR requests, in writing, that the individual's personal funds not be maintained in the pooled checking account described in subsection (b)(1) of this section.
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