5. The commissioner may not approve more than four renaissance school projects in any one renaissance school district. The commissioner may approve no more than one renaissance school project with a dormitory and related facilities in any one renaissance school district. Nothing in this act shall prohibit a renaissance school project that provides an educational program for a grade range less than pre-K through 12 from expanding grade levels after the approval by the commissioner of the initial application.
In reviewing and judging applications for renaissance school projects, the factors considered by the commissioner may include, but not be limited to:
a. The likelihood that the renaissance school project will improve academic achievement in the renaissance school district;
b. The strength of the support for the renaissance school project from the school district, board of education, and parents;
c. The facilities plan for the renaissance school project;
d. Diversity of school type, elementary school, middle school, and high school, among the proposed renaissance school projects; and
e. Any other factors deemed significant by the commissioner.