(a) Notwithstanding any other law, the commission has the same jurisdiction over a water supply or sewer service corporation that the commission has under this chapter over a water and sewer utility if the commission finds, after notice and opportunity for hearing, that the water supply or sewer service corporation:
  (1) is failing to conduct annual or special meetings in compliance with TWC, §67.007; or
  (2) is operating in a manner that does not comply with the requirements for classification as a nonprofit water supply or sewer service corporation prescribed by TWC, §13.002(11) and (24).
(b) The commission's jurisdiction provided by this section ends if:
  (1) the water supply or sewer service corporation voluntarily converts to a special utility district operating under TWC, Chapter 65;
  (2) the time period specified in the commission order expires; or
  (3) the water supply or sewer service corporation demonstrates that for the past 24 consecutive months it has conducted annual meetings as required by TWC, §67.007 and has operated in a manner that complies with the requirements for membership and nonprofit organizations as outlined in TWC, §13.002(11) and (24).

Source Note: The provisions of this §24.47 adopted to be effective October 17, 2018, 43 TexReg 6826