Sec. 4. (a) A board may:
(1) establish an innovation network school; or
(2) reconstitute an eligible school as an innovation network school;
as determined by the board.
(b) A board that establishes an innovation network school or reconstitutes an eligible school as an innovation network school under this section is not eligible for a grant from the state board under IC 20-25.7-7 for costs associated with the development and implementation of this section.