Senate Bill 233 establishes a Conservatorship Management Task Force in Tennessee, composed of nine members, including various state commissioners and public representatives appointed by the governor. The task force's primary responsibilities include reviewing the care and management provided by conservators, assessing the assets managed, and evaluating the effectiveness of conservatorships. It will also focus on education, fraud detection, and the potential need for an independent conservator panel. The task force is required to meet quarterly and submit annual reports of its findings and recommendations to relevant state departments.

The bill outlines the appointment process, with initial public members serving staggered terms that end in 2027 and 2028, followed by three-year terms for subsequent appointments. It specifies that no members will receive compensation or reimbursement for expenses incurred while performing their duties. The task force is administratively attached to the Department of Disability and Aging, which will provide necessary support. The act takes effect immediately for the purpose of appointing members, while other provisions will be effective from July 1, 2025.