(a) Upon closure of a charter, the charter holder governing board must at their expense conduct a final audit.
(b) The commissioner of education will assign a conservator to oversee the winding down of charter operations, protection of school assets, and recovery of any overallocation of state funds.
(c) Revocation, surrender, or closure of a charter does not terminate the authority of the commissioner over the charter holder to ensure compliance of this section or applicable laws.

Source Note: The provisions of this §100.1052 adopted to be effective September 18, 2014, 39 TexReg 7295