(a) There is created the Division of Education Renewal Zones.
(b) The Division of Education Renewal Zones shall be under the supervision of the State Board of Education.
(c)
(1) The state board shall select an individual to serve as the Director of the Division of Education Renewal Zones.
(2) With guidance and approval from the state board, the Director of the Division of Education Renewal Zones shall be responsible for hiring all employees of the Division of Education Renewal Zones.
(3) The Director of the Division of Higher Education shall assign one (1) individual from the staff of the Division of Higher Education to serve as a liaison to the Division of Education Renewal Zones.
(d) The Division of Education Renewal Zones shall be responsible for developing guidelines for the approval of education renewal zone strategic plans and for the evaluation and reporting of education renewal zone activities.
(e) The Division of Education Renewal Zones shall approve any education renewal zone strategic plan before the disbursal or annual renewal of funds to participating institutions of higher education.