The authorizer shall review an application for an adult education public charter school and may approve an application that:
(1) Provides an acceptable plan for meeting the industry needs for a sufficiently trained workforce in the state;
(2) Includes a set of performance criteria objectives for the terms of the charter and the means for measuring the performance criteria objectives on a yearly basis;
(3) Includes a comprehensive strategy for engaging the community, including without limitation business leaders, in the process of meeting the goals and objectives of the adult education public charter;
(4) Includes an agreement to provide an annual report to the community that indicates the progress made by the adult education public charter school in meeting the performance criteria objectives during the previous year; and
(5) Includes an appropriate budget and governance plan.