SECTION 807.34. Financial Requirements for Changes in Ownership

Latest version.

Prior to a change in ownership of a school, the purchaser shall furnish the Agency a balance sheet meeting the requirements outlined in this subchapter for original approvals, excluding the sufficient cash requirement for initial expenses. The purchaser shall furnish any other evidence deemed appropriate by the Agency to establish financial stability.

Source Note: The provisions of this §807.34 adopted to be effective August 16, 1998, 23 TexReg 8479; amended to be effective November 28, 2022, 47 TexReg 7914

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');