SECTION 375.205. What is the financial responsibility of the contractor's board of directors?

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When an organization enters into a contract with the Texas Department of Human Services, the agency's board of directors must ensure financial accountability of all funds received and spent by their agency. The board of directors or the finance committee must regularly review actual income and expenses and compare them to approved budgets and year-to-date costs.

Source Note: The provisions of this §375.205 adopted to be effective July 18, 2002, 27 TexReg 6326; transferred effective October 1, 2003, as published in the Texas Register July 2, 2004, 29 TexReg 6359

                    
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