(a) The board of
each approved regional educational service center shall submit, by October 1 of
each year, to its member local or regional boards of education and the Board,
an annual report in such form and manner as the board shall require.
(b) The Board shall evaluate triennially the
programs and services of a regional educational service center for the purpose
of such regional educational service center's continued approval.
(c) The board may establish such fiscal
reporting requirements, including statements of expenditure and indirect cost
determination, as it shall deem necessary to the continued approval of the
regional educational service centers.