Regulations and guidelines

(A) The State Board of Education shall promulgate regulations and develop guidelines necessary to implement the provisions of this chapter, including standards to determine compliance with this chapter and an application process for authorizers and charter schools to include a timeline for submission of applications that will allow for final decisions to be issued consistent with budget and funding needs. An authorizer registered pursuant to this chapter before January 1, 2026, is not considered a new authorizer subject to the application process provided in this chapter. (B) Any authorizer that engages in wilful or knowing conduct in violation of this act shall be subject to a reduction of up to ten percent of state funding.