(1) The state board shall promulgate pursuant to the "State Administrative Procedure Act", article 4 of title 24, C.R.S., such rules as may be necessary to implement the provisions of this article. At a minimum, said rules shall include:
(a) The rules required pursuant to section 22-14-103 (4) to establish criteria for identifying high priority and priority local education providers;
(b) The rules required pursuant to section 22-14-109 for the student re-engagement grant program; and
(c) Rules to define and calculate the following rates:
(I) The student dropout rate;
(II) The graduation rate;
(III) The completion rate;
(IV) The student re-engagement rate;
(V) The truancy rate;
(VI) The student mobility rate;
(VII) The student suspension rate; and
(VIII) The student expulsion rate.
(2) To the extent the state board, as of May 21, 2009, has already promulgated any of the rules specified in subsection (1) of this section, the state board shall review said rules and determine whether they should be revised based on the provisions of this article.