1 Tex. Admin. Code § 102.30 – Acceptable Forms of Security That May Be Filed or Posted under §702.151 of the Act

(a) A health spa operator may file a surety bond or post as other security:
1. (1) Cash or its equivalent; or
2. (2) a Certificate of Deposit as prescribed in §102.45 of this subchapter.
(b) Letters of Credit shall not be posted as security under §702.151 of the Act. Letters of Credit posted as security on the effective date of this rule may continue as security until the expiration date of the Letter of Credit. On or before such expiration date, the health spa operator shall replace the Letter of Credit with a form of security authorized by subsection (a) of this section.

Source Note:The provisions of this §102.30 adopted to be effective December 27, 2004, 29 TexReg 11948.