SECTION 359.5. Procedures for Deposit

A potential depositor shall file a completed application for deposit with the administrator on forms or in a format provided by the administrator and provide such information as the administrator may require to evaluate the proposed application for deposit. The administrator shall notify the potential depositor within 30 calendar days of receipt of the application for deposit if additional information is needed to complete the application. The date of deposit is the date of receipt of a completed application for deposit. Within 30 calendar days following the receipt of a completed application for deposit, the administrator shall notify the executive director of the commission and depositor of the acceptance or refusal of the deposit.

Source Note: The provisions of this §359.5 adopted to be effective May 13, 1994, 19 TexReg 3257.