Texas Administrative Code
Title 19 - EDUCATION
Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
Chapter 8 - CREATION, EXPANSION, DISSOLUTION, OR CONSERVATORSHIP OF PUBLIC COMMUNITY COLLEGE DISTRICTS
Subchapter F - CONSERVATORSHIP OF A PUBLIC COMMUNITY COLLEGE DISTRICT
Section 8.123 - Mismanagement Finding; Conservatorship Order
Universal Citation: 19 TX Admin Code ยง 8.123
Current through Reg. 49, No. 38; September 20, 2024
(a) On the Governor's request the Coordinating Board, with the advice and assistance of the State Auditor, shall determine if a condition of gross fiscal mismanagement exists at a public community college.
(1) When a condition of
gross fiscal mismanagement is suspected, the Board shall appoint a delegation
to investigate the fiscal condition of the public community college in
question. The delegation shall include members of the Committee on
Institutional Effectiveness and Excellence and Board staff. The Board shall
request assistance from the State Auditor's Office to include one of its staff
members as a member of the delegation.
(2) Based upon its review of the public
community college in the matter of gross fiscal mismanagement, the delegation
as set out in paragraph (1) of this subsection shall make a report to the
Commissioner to include, if appropriate, a recommendation concerning
conservatorship.
(3) The
Commissioner shall make a report and recommendation concerning conservatorship
to the Board for its consideration at the next quarterly Board
meeting.
(b) If the Board finds a condition of gross fiscal mismanagement of a public community college, the Governor, by proclamation, may appoint a conservator as defined in the Texas Government Code, § 2401.001 to act as conservator of the college.
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