SECTION 7.157. Dedicated Construction Account Requirements

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(a) The VSC chair and a member of the PI committee or a designee from the VSC who is not an employee must be designated as co-signers on the dedicated construction account.
(b) If conditions warrant, the commissioner or designee may require that the dedicated construction account be established with a third-party escrow agent.

Source Note: The provisions of this §7.157 adopted to be effective April 27, 2003, 28 TexReg 3352; transferred effective September 1, 2004, as published in the Texas Register September 10, 2004, 29 TexReg 8841

                    
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