Section 2104.021 - Mismanagement Finding; Recommendation; Conservatorship Order(a) The legislative audit committee, on finding that a condition of gross fiscal mismanagement exists in a state agency, may: (1) notify the governor of the finding and recommend that the governor appoint a conservator for the agency; or(2) recommend to the agency that it agree within a specified time to enter into a rehabilitation plan in accordance with Section 2104.0215.(b) After receipt of a notice under Subsection (a), the governor by proclamation may appoint a conservator, in accordance with the recommendation, to act as conservator of the agency.Tex. Gov't. Code § 2104.021
Amended by Acts 1999, 76th Leg., ch. 237, Sec. 1, eff. 5/28/1999.Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.