a) State Board of Education staff will review information provided pursuant to Section 215.120 of this Part on the basis of the following criteria:

1. 1) The agency has established a system for assessing student performance and awarding credit, and, at a minimum, requires its students to receive at least a passing score on the "Test of General Educational Development" (GED) examination.
2. 2) The application contains the information and assurances required in Sections 215.110(b) and 215.120 of this Part.

b) The State Superintendent of Education, based upon the criteria set forth in subsection (a) of this Section, will notify each applicant agency in writing:

1. 1) that its application is approved, or
2. 2) that its application cannot be approved until deficiencies specified in the written notice have been corrected.