1. (a) If a change occurs in the following management staff, a center must submit written notice to DADS no later than seven days after the date of a change in:

   1. (1) administrator;
   2. (2) chief financial officer; or

   3. (3) controlling person, as defined in §15.5 of this chapter (relating to Definitions), including:

      1. (A) a change of five percent or more of the controlling interest of a limited partner in a limited partnership or the addition of a controlling person to the limited partnership; or
      2. (B) a change of five percent or more of the controlling interest in a for-profit corporation or limited liability company.
2. (b) A change in the management staff listed in subsection (a) of this section requires DADS evaluation and approval. DADS reviews the required documents and information submitted. DADS provides notification to a center if a person listed in subsection (a)(1) - (6) of this section does not meet the required qualifications.

Source Note:The provisions of this §550.119 adopted to be effective September 1, 2014, 39 TexReg 6569; transferred effective May 1, 2019, as published in the Texas Register April 12, 2019, 44 TexReg 1875.