Sec. 2. The charter board shall establish a process to:
(1) review a proposal to establish a charter school under IC 20-24-3-4;
(2) make a decision on the proposal as required under IC 20-24-3-9;
(3) monitor charter schools authorized by the charter board; and
(4) make decisions on the renewal, nonrenewal, and revocation of charters granted by the charter board.