REQUIREMENTS FOR SECURITY OTHER THAN SURETY BOND
Known as the Health Spa Act
The act spans §§ 702–702 (65 sections).
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff
An applicant who posts under Section 702.151 security other than a surety bond is:
(1) not required to post other security annually if the applicant maintains security in the amount of $20,000; and
(2) entitled to receive the interest that accumulates on the other security posted.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.