Statutes, codes, and regulations
Texas Administrative Code
Title 40 - SOCIAL SERVICES AND ASSISTANCEPart 20 - TEXAS WORKFORCE COMMISSIONChapter 807 - CAREER SCHOOLS AND COLLEGES
Subchapter C - FINANCIAL REQUIREMENTS
Section 807.34 - Financial Requirements for Changes in Ownership

40 Tex. Admin. Code § 807.34

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Current through Register Vol. 49, No. 48, November 29, 2024
Section 807.34 - Financial Requirements for Changes in Ownership

Prior to a change in ownership of a school, the purchaser shall furnish the Agency a balance sheet meeting the requirements outlined in this subchapter for original approvals, excluding the sufficient cash requirement for initial expenses. The purchaser shall furnish any other evidence deemed appropriate by the Agency to establish financial stability.

40 Tex. Admin. Code § 807.34

The provisions of this §807.34 adopted to be effective August 16, 1998, 23 TexReg 8479; Amended by Texas Register, Volume 47, Number 47, November 25, 2022, TexReg 7923, eff. 11/28/2022