The proposed rule: Identifies low performing public schools as any school that receives at least a grade of “D”; Requires turnaround option plans for any school that receives two consecutive grades of “D,” a single grade of “F,” or has a graduation rate of 67 percent or less; Sets forth the district planning process and outlines strategies for improvement; Reduces the number of turnaround options from five to four, as follows: (a) District-managed: The district develops and manages the implementation of the turnaround plan at the school; (b) Reassign/Closure: Closes the existing school, reassign students to another school or schools and monitor progress of each reassigned student; (c) Charter: Close and reopen the school as one or more charter schools, each with a governing board that has a demonstrated record of effectiveness; and (d) External Operator/Outside Entity: Contract with an outside entity that has a demonstrated record of effectiveness to operate the school; Sets forth the criteria for the State Board of Education to consider when reviewing and approving turnaround option plans; Establishes criteria and timelines for submittal of a Turnaround Option Plan; Establishes criteria for a district to request an extension of a turnaround plan and the criteria for the State Board of Education to consider for approval of the request; and Revises incorporated forms used by school districts.