(a) The board may periodically review the effectiveness and efficiency of the operations of school districts, including the district’s expenditures for its officers’ and employees’ travel services. A review of a school district may be initiated by the board at its discretion or on the request of the school district. A review may be initiated by a school district only by resolution adopted by a majority of the members of the board of trustees of the district.
(b) If a review is initiated on the request of the school district, the district shall pay 25 percent of the cost incurred in conducting the review.

(c) The board shall:
(1) prepare a report showing the results of each review conducted under this section;
(2) file the report with the school district, the governor, the lieutenant governor, the speaker of the house of representatives, the chairs of the standing committees of the senate and the house of representatives with jurisdiction over public education, and the commissioner of education; and
(3) make the entire report and a summary of the report available to the public on the Internet.
(d) Until the board has completed a review under this section, all information, documentary or otherwise, prepared or maintained in conducting the review or preparing the review report, including intra-agency and interagency communications and drafts of the review report or portions of those drafts, is excepted from required public disclosure as audit working papers under § 552.116. This subsection does not affect whether information described by this subsection is confidential or excepted from required public disclosure under a law other than § 552.116.