R7-5-606. Consent Agreement

A. If the Board determines that a charter holder is not in compliance with its charter, other contractual agreements with the Board, federal or state law, or this Chapter, the Board may enter into a consent agreement with the charter holder to resolve the noncompliance. B. The Board shall include the following in a consent agreement: 1. The reason for the consent agreement; 2. The facts and conditions to which the Board and charter holder agreed; 3. The actions the charter holder must take to demonstrate compliance and avoid further charter oversight; 4. The time within which the charter holder is to complete the actions specified under subsection (B)(3); and 5. After approval by both the Board and charter holder, the signatures of both the Board president and charter representative.