Section 550.119 - Notification Procedures for a Change in Administration and Management(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: (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.26 Tex. Admin. Code § 550.119
The provisions of this §550.119 adopted to be effective September 1, 2014, 39 TexReg 6569; Transferred from Title 40, Chapter 15 by Texas Register, Volume 44, Number 15, April 12, 2019, TexReg 1875, eff. 5/1/2019