5.   The commissioner shall evaluate an application submitted by a proposed choice district according to the following criteria:
 
   a.   the fiscal impact on the district;
 
   b.   the quality and variety of academic programs offered within the district;
 
   c.   the potential effectiveness of the student application process and of the admissions criteria utilized;
 
   d.   the impact on student population diversity in the district; and
 
   e.   the degree to which the program will promote or reduce educational quality in the choice district and the sending districts.
 
   L.2010, c.65, s.5.