Skip to main content
Find a Lawyer

Texas Health and Safety Code - HEALTH & SAFETY § 246.051. Contents of Disclosure Statement:  Annual Income Statements

Current as of January 01, 2024 | Updated by Findlaw Staff

The disclosure statement must contain estimated annual income statements for the facility for at least five fiscal years, including:

(1) anticipated earning on any cash reserves;

(2)  estimates of net receipts from entrance fees, other than entrance fees included in the statement of anticipated source and application of funds required under Section 246.052, minus estimated entrance fee refunds, including a description of the actuarial basis and method of computation for the projection of entrance fee receipts;

(3)  an estimate of gifts or bequests to be relied on to meet operating expenses;

(4)  a projection of estimated income from fees and charges, excluding entrance fees, that:

(A) states individual rates anticipated to be charged;  and

(B) includes a description of the assumptions used for computing the estimated occupancy rate of the facility and the effect on the income of the facility of any government subsidies for health care services to be provided under the continuing care contract;

(5)  a projection of the facility's operating expenses, including:

(A) a description of the assumptions used in computing the expenses;  and

(B) a separate allowance for the replacement of equipment and furnishings and anticipated major structural repairs or additions;  and

(6)  an estimate of annual payments of principal and interest required by a mortgage loan or other long-term financing arrangement relating to the facility.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 246.051. Contents of Disclosure Statement:  Annual Income Statements - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-246-051/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard