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(1) Except as provided in Subsection (3), and in accordance with this part, the state board shall annually assign to each school an overall rating using an A through F letter grading scale where, based on the school's performance level on the indicators described in Subsection (2):
(a) an A grade represents an exemplary school;
(b) a B grade represents a commendable school;
(c) a C grade represents a typical school;
(d) a D grade represents a developing school; and
(e) an F grade represents a critical needs school.
(2) A school's overall rating described in Subsection (1) shall be based on the school's performance on the indicators described in:
(a) Section 53E-5-205, for an elementary school or a middle school; or
(b) Section 53E-5-206, for a high school.
(3) For the 2017-2018, 2018-2019, 2019-2020, and 2020-2021 school years, the state board:
(a) shall evaluate a school based on the school's performance level on the indicators described in Subsection (2) and in accordance with this part; and
(b) is not required to assign a school an overall rating described in Subsection (1).