(1) On or before July 31 of each year, a charter school may identify and report to the State Charter School Board the charter school's innovative practices which fulfill the purposes of charter schools as described in Section 53G-5-104, including:
(a) unique learning opportunities providing increased choice in education;
(b) new public school models;
(c) innovative teaching practices;
(d) opportunities for educators to actively participate in the design and implementation of the learning program;
(e) new forms of accountability emphasizing measurement tools in measuring education outcomes;
(f) opportunities for greater parental involvement, including involvement in governance decisions; and
(g) the impact of the innovative practices on student achievement.
(2) The State Charter School Board may forward the report received under Subsection (1) to the state board.