SECTION 376.207. What is the financial responsibility of the contractor's board of directors?

When an organization contracts with the Texas Department of Human Services, the contractor's board of directors must ensure financial accountability of all funds the organization receives and spends. The board of directors or its 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 §376.207 adopted to be effective October 28, 2002, 27 TexReg 10044; transferred effective October 1, 2003, as published in the Texas Register July 2, 2004, 29 TexReg 6359