Texas Health and Safety Code 551.003 – Deposit of Patient or Client Funds
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(a) The superintendent or director of a department facility is the custodian of the personal funds that belong to a facility patient or client and that are on deposit with the institution.
(b) The superintendent or director may deposit or invest those funds in:
(1) a bank in this state;
(2) federal bonds or obligations; or
(3) bonds or obligations for which the faith and credit of the United States are pledged.
Terms Used In Texas Health and Safety Code 551.003
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
(c) The superintendent or director may combine the funds of facility patients or clients only to deposit or invest the funds.
(d) The person performing the function of business manager at that facility shall maintain records of the amount of funds on deposit for each facility patient or client.