In this chapter:
(1) "Conservator" means a person appointed by the governor to act as the conservator of a state agency or public junior college in accordance with this chapter.
(2) "Gross fiscal mismanagement" includes:
(A) failure to keep adequate fiscal records;
(B) failure to maintain proper control over assets;
(C) failure to discharge fiscal obligations in a timely manner; and
(D) misuse of state funds.
(3) "State agency" means a department, commission, board, office, or other agency, including a university system or an institution of higher education other than a public junior college, that:
(A) is in the executive branch of state government;
(B) is created by statute; and
(C) does not have statutory geographical boundaries limited to a part of the state.
(4) "State fiscal management policies" means laws or rules relating to:
(A) fiscal recordkeeping and reporting;
(B) use or control of state property;
(C) timely discharge of fiscal obligations; or
(D) use of state funds.