The Department may adopt regulations as it determines are necessary to carry out the provisions of this chapter, including, without limitation, regulations that prescribe the:

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1.  Procedures for accounting and budgeting;

2.  Requirements for performance audits and financial audits of charter schools on an annual basis for charter schools that do not satisfy the requirements of subsection 1 of NRS 388A.405;

3.  Requirements for performance audits every 3 years and financial audits on an annual basis for charter schools that satisfy the requirements of subsection 1 of NRS 388A.405; and

4.  Qualifications, in addition to those prescribed pursuant to NRS 388A.240, of a charter management organization or committee to form a charter school that is authorized to file an application to form a charter school.