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 report the change to HHSC by submitting notification through the application in the online portal 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 HHSC review and approval. HHSC reviews the required documents and information submitted. HHSC provides notification to a center through the application in the online portal if a person listed in subsection (a) of this section does not meet the required qualifications described in § 550.101 of this chapter (relating to Criteria and Eligibility for a License).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; Amended by Texas Register, Volume 49, Number 39, September 27, 2024, TexReg 7930, eff. 10/16/2024