Texas Statutes
Subchapter C. Continuing Care Contracts and Disclosure Statements
Section 246.054. Annual Disclosure Statement Revision

Sec. 246.054. ANNUAL DISCLOSURE STATEMENT REVISION. (a) A provider shall file a revised disclosure statement with the board not later than the 120th day after the date on which the provider's fiscal year ends.
(b) The revised disclosure statement must revise, as of the end of the provider's fiscal year, the information required by this subchapter.
(c) The revised disclosure statement must describe any material differences between:
(1) the estimated income statements filed under Section 246.052 as a part of the disclosure statement filed after the start of the provider's most recently completed fiscal year; and
(2) the actual result of operations during that fiscal year with the revised estimated income statements filed as a part of the revised disclosure statement.
(d) A provider may revise its disclosure statement and may file the revised disclosure statement at any other time if, in the provider's opinion, revision is necessary to prevent a disclosure statement from containing a material misstatement of fact or omitting a material fact required to be included in the disclosure statement.
(e) The commissioner shall review the disclosure statement for completeness but is not required to review the disclosure statement for accuracy.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

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