1. (a) Retired status.

   1. (1) An individual who holds a current license issued by the board who is 60 years old and has timely filed a request on a form prescribed by the board which indicates the licensee is no longer employed may be granted a retired status at the time of license renewal.
   2. (2) A fee of $10 shall be payable to the board in lieu of the regular license fee.

   3. (3) A licensee who has been granted retired status and who becomes employed must:

      1. (A) pay the license fee established by the board;
      2. (B) complete the form prescribed by the board for renewal of a license;
      3. (C) meet the continuing professional education requirements; and
      4. (D) surrender the retired status.
   4. (4) All board rules and all provisions of the Public Accountancy Act apply to a licensee in either an active or retired status unless specifically exempt by board rule or the Act.

2. (b) Permanent disability status.

   1. (1) Permanent disability status may be granted to a licensee with a notarized affidavit from the licensee's physician which states that the licensee is unable to work and clearly details the disability. Such status may only be granted at the time of license renewal.
   2. (2) A fee of $10 shall be payable to the board in lieu of the regular license fee.

   3. (3) A licensee who has been granted permanent disability status and who becomes employed must:

      1. (A) pay the license fee established by the board;
      2. (B) complete the form prescribed by the board for renewal of a license;
      3. (C) meet the continuing education requirements; and
      4. (D) surrender permanent disability status.
   4. (4) All board rules and all provisions of the Public Accountancy Act apply to a licensee in permanent disability status unless specifically exempted by board rule or the Act.

Source Note:The provisions of this §515.8 adopted to be effective November 1, 1989, 14 TexReg 5557; amended to be effective October 30, 1991, 16 TexReg 5830; amended to be effective June 9, 1994, 19 TexReg 4199.