Section 53G-5-307 - Charter school authorization - Initial review period(1) An authorizer shall grant a charter school approved under this title initial approval for a three-year review period, beginning with the first year of the charter school's operation.(2) Beginning in the first year of the initial review period, the authorizer shall comply with the accountability and review procedures in accordance with Section 53G-5-406.(3) The authorizer may extend the initial review period for one year, up to two times during the initial review period.(4) At the end of the initial review period, the authorizer shall: (a) grant the charter school ongoing approval; or(b) terminate the charter agreement, subject to the requirements of Section 53G-5-503.(5) The authorizer shall, under the minimum standards described in Section 53G-5-205, base the decision to grant ongoing approval or terminate the charter agreement on: (a) the charter school's compliance with the terms of the charter agreement;(b) whether the charter school is meeting the performance measures in the charter school's charter agreement and minimum academic standards;(c) the charter school's financial viability; and(d) the charter school's capacity to meet governance standards.(6) A charter school that is granted initial approval under this section may not participate in the Charter School Credit Enhancement Program until the authorizer grants ongoing approval of the charter school's charter.Amended by Chapter 63, 2024 General Session ,§ 14, eff. 5/1/2024.Added by Chapter 192, 2020 General Session ,§ 2, eff. 5/12/2020.