Sec. 39A.004. APPOINTMENT OF BOARD OF MANAGERS. The commissioner may appoint a board of managers to exercise the powers and duties of a school district's board of trustees if the district is subject to commissioner action under: (1) Section 39A.001(1) and: (A) has a current accreditation status of accredited-warned or accredited-probation; (B) fails to satisfy any standard under Section 39.054(e); or (C) fails to satisfy financial accountability standards as determined by commissioner rule; or (2) Section 39A.001(2). Added by Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488), Sec. 21.001, eff. September 1, 2017. Amended by: Acts 2021, 87th Leg., R.S., Ch. 1046 (S.B. 1365), Sec. 2.11, eff. September 1, 2021.