A conservatorship of a public junior college under this subchapter continues until the earlier of:
(1) the governor's issuing of a proclamation declaring that the condition of gross fiscal mismanagement no longer exists and that the conservatorship is dissolved; or
(2) the Texas Higher Education Coordinating Board's finding and certifying to the governor that the condition of gross fiscal mismanagement no longer exists, in which case the conservatorship is dissolved.
Official text of the Texas Government Code as published by the Texas Legislative Council.