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Terms Used In Texas Health and Safety Code 246.025

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.

The commissioner may suspend or revoke a provider’s certificate of authority if the provider:
(1) draws on its entrance fee escrow in an amount greater than provided for by § 246.073;
(2) draws on its loan reserve fund escrow in an amount greater than provided for by § 246.078; or
(3) intentionally violates this chapter.