xx.E.__Internal financial controls;

xxi.F.__How the charter school will be insured;

xxii.G.__The facilities to be used and their location; and

xxiii.H.__The arrangements for covering teachers and other staff for health, retirement and other employee benefits.

§2417.__Review, renewal or termination of the charter agreement

1.__Major review.__At least once every 5 years, the chartering authority shall conduct a major review of the operations and achievements of each of its charter schools.__ At least 6 months prior to the date of such a review, the chartering authority shall inform the charter school of the timing, format and elements to be included in such review.

2.__Renewal.__At least 6 months prior to the end of the 15- year term of a charter school, the chartering authority shall begin a review process with the charter school to determine if the contract will be renewed.__The renewal process must include at least one public hearing.

3.__Termination.__During the term of the charter agreement, during a major review pursuant to subsection 1 or at the end of the 15-year term, the chartering authority may act to terminate the agreement on any of the following grounds:

xxiv.A.__Failure to meet the requirements for student performance stated in the agreement;

xxv.B.__Failure to mxxvi.eet generally accepted standards of fiscal management;

xxvii.C.__Violation of laws; or

xxviii.D.__Other good cause shown.

A termination is effective only at the end of a school year, unless continued operation of the charter school presents a clear and immediate threat to health and safety of students or personnel.

4.__Notice of termination.__At least 60 days before terminating a charter, the chartering authority__shall notify the board of trustees of the charter school of the proposed action in writing.__The notice must state the grounds for the proposed