(a) Except as provided by Subsection (c), the commissioner may assign a conservator under Chapter 39A if a school district fails to:
(1) submit to any required monitoring, assessment, or audit under § 37.1083 or 37.1084;
(2) comply with applicable safety and security requirements; or
(3) address in a reasonable time period, as determined by commissioner rule, issues raised by the agency’s monitoring, assessment, or audit of the district under § 37.1083 or 37.1084.
(b) A conservator assigned to a district under this section may exercise the powers and duties of a conservator under Section 39A.003 only to correct a failure identified under Subsection (a).