Sec. 2104.025. DURATION OF CONSERVATORSHIP. A conservatorship under this subchapter continues until the earlier of:
(1) the governor's issuing of a proclamation declaring that the condition of gross fiscal mismanagement in the state agency no longer exists and that the conservatorship is dissolved; or
(2) the legislative audit committee's finding and certifying to the governor that the condition of gross fiscal mismanagement in the agency no longer exists, in which case the conservatorship is dissolved.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1999, 76th Leg., ch. 237, Sec. 1, eff. May 28, 1999.
Structure Texas Statutes
Subtitle C - State Accounting, Fiscal Management, and Productivity
Chapter 2104 - Conservatorship as a Result of Fiscal Mismanagement
Subchapter C. Conservatorship of State Agencies
Section 2104.021. Mismanagement Finding; Recommendation; Conservatorship Order
Section 2104.0215. Rehabilitation Plan in Lieu of Conservatorship
Section 2104.022. Assumption of Policy Functions