In this article, unless the context otherwise requires:

1. "Approved board examination system" means a board examination system that has been approved by an interstate compact on board examination systems.

2. "Board examination system" means a complete instructional system that includes all of the following components:

(a) A coherent group of courses that collectively constitutes a core curriculum at the high school level.

(b) A comprehensive syllabus for each course.

(c) Appropriate instructional and teaching materials for each course.

(d) High quality examinations that are closely aligned with the course syllabus.

(e) Professional scoring of examinations.

(f) Teacher education that is designed to train teachers to properly teach those courses.

3. "Grand Canyon diploma" means a high school diploma that is offered to any student who demonstrates readiness for college level mathematics and English according to standards prescribed by an interstate compact on board examination systems, who has passing grades on an additional set of required approved board examinations in core academic courses as determined by the state board of education, including the arts, history and science, and who successfully completes a course in economics.

4. "Readiness for college level mathematics and English" means that a student has the English and mathematics skills and knowledge needed to succeed in college level courses that count toward a degree or certificate without taking remedial or developmental coursework.