1. (a) The appointing court may terminate a receivership if:

   1. (1) the court determines that the receivership is no longer necessary because the conditions that gave rise to the receivership no longer exist;
   2. (2) the department has entered into a new contract with a single-source continuum contractor and that contractor is ready and able to assume the duties of the single-source continuum contractor under receivership; or
   3. (3) the department is ready and able to assume the duties of the single-source continuum contractor under receivership.

2. (b) Not later than the 60th day after the date a receivership is terminated or expires under this subchapter, unless such time is extended by order of the appointing court, the receiver shall file with the clerk of the appointing court a full and final and sworn account of:

   1. (1) all property received by the receiver;
   2. (2) all money collected and disbursed; and
   3. (3) the expenses of the receivership.

Added by Acts 2025, 89th Leg., R.S., Ch. 73 (S.B. 2034), Sec. 2, eff. May 19, 2025.