(b) For purposes of accountability, during the first two (2) full school years of operation under a school transformation contract, a public school transformation campus shall be:

1. (1)

   1. (A) Awarded with an alternate letter grade, which shall be established and defined by the State Board of Education.
   2. (B) While a public school transformation campus is receiving an alternate letter grade under subdivision(b)(1)(A) of this section, the state board shall not impose a sanction or take action against the public school transformation campus for failure to satisfy academic performance standards; and
2. (2) Required to post its status as a public school transformation campus on the school district’s website.

(c) Following the first two (2) years of transformation in which an alternate letter grade is awarded to the transformation campus, the division shall evaluate and assign all performance ratings to the public school district transformation campus in a manner consistent with:

1. (1) Arkansas Code § 6-15-2101 et seq.; and
2. (2) The division’s Rules Governing the Public School Rating System on Annual School Performance Reports and the School Recognition Program, 6 CAR pt. 64.