Texas Administrative Code
Title 26 - HEALTH AND HUMAN SERVICES
Part 1 - HEALTH AND HUMAN SERVICES COMMISSION
Chapter 550 - LICENSING STANDARDS FOR PRESCRIBED PEDIATRIC EXTENDED CARE CENTERS
Subchapter B - LICENSING APPLICATION, MAINTENANCE, AND FEES
Section 550.119 - Notification Procedures for a Change in Administration and Management
Universal Citation: 26 TX Admin Code ยง 550.119
Current through Reg. 49, No. 38; September 20, 2024
(a) If a change occurs in the following management staff, a center must submit written notice to DADS no later than seven days after the date of a change in:
(1)
administrator;
(2) chief financial
officer; or
(3) controlling person,
as defined in § 550.5 of this chapter (relating to Definitions),
including:
(A) a change of five percent or
more of the controlling interest of a limited partner in a limited partnership
or the addition of a controlling person to the limited partnership;
or
(B) a change of five percent or
more of the controlling interest in a for-profit corporation or limited
liability company.
(b) A change in the management staff listed in subsection (a) of this section requires DADS evaluation and approval. DADS reviews the required documents and information submitted. DADS provides notification to a center if a person listed in subsection (a)(1) - (6) of this section does not meet the required qualifications.
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