1. (a) A notarized financial statement must be submitted on a department-approved form unless it is submitted by an independent certified public accountant.
2. (b) A warehouse operator has 90 days from the end of the operator's fiscal year to submit a new financial statement to the department.
3. (c) The most current financial statement shall be on file at the time of license renewal. A license will not be issued or renewed if the warehouse operator fails to file the most current new financial statement by May 31.
4. (d) For a partnership, all assets subject to suit must be included in the financial statement.
5. (e) For a corporation, all assets subject to suit must be included in the financial statement. No private assets can be included in this case.
6. (f) For a sole proprietor, all assets subject to suit must be included.
7. (g) Temporary storage must meet all financial requirements before a temporary permit may be issued.

Source Note:The provisions of this §13.6 adopted to be effective May 17, 2004, 29 TexReg 4755.