(1) As used in this section, "personalized, competency-based learning" means the same as that term is defined in Section 53F-5-501.
(2) A local school board or a charter school governing board may establish a personalized, competency-based learning program.
(3) A local school board or charter school governing board that establishes a personalized, competency-based learning program shall:
(a) establish assessments to accurately measure competency;
(b) provide the assessments to an enrolled student at no cost to the student;
(c) award credit to a student who demonstrates competency and subject mastery;
(d) submit the competency-based standards to the state board for review; and
(e) publish the competency-based standards on its website or by other electronic means readily accessible to the public.
(4) A local school board or charter school governing board may:
(a) on a random lottery-based basis, limit enrollment to courses that have been designated as competency-based courses;
(b) waive or adapt traditional attendance requirements;
(c) adjust class sizes to maximize the value of course instructors or course mentors;
(d) enroll students from any geographic location within the state; and
(e) provide proctored online competency-based assessments.