Within sixty days after receipt of the application, the department shall designate the district as a school district of innovation, unless the department determines that the submitted innovation plan is not financially feasible or will likely result in decreased academic achievement. If the department so determines, it shall provide a written explanation of the basis for its determination to the district board. If the district is not designated as a school district of innovation, the district board shall not implement the innovation plan. However, the district board may reapply for designation as a school district of innovation at any time.
R.C. § 3302.062