1.  Each school district and charter school shall and a university school for profoundly gifted pupils may establish a program for dual credit, or partner with another school district or charter school that has already established a program for dual credit, whereby pupils enrolled in the school district or charter school may enroll in a dual credit course at a community college, state college or university that has been approved for dual credit pursuant to NRS 389.160. A school district, charter school or university school for profoundly gifted pupils may enter into cooperative agreements with one or more institutions of higher education located in another state and accredited by a regional accrediting agency recognized by the United States Department of Education to offer dual credit courses that are not offered by a community college, state college or university located in this State to pupils enrolled in the school district, charter school or university school for profoundly gifted pupils. Any credits earned by a pupil for the successful completion of a dual credit course must be applied toward earning a credential, certificate or degree, as applicable, at the community college, state college or university.

2.  An institution of higher education located in another state that enters into a cooperative agreement with a school district, charter school or university school for profoundly gifted pupils in this State to offer a dual credit course shall provide to the Department a copy of each cooperative agreement entered into by the institution of higher education pursuant to subsection 1.

3.  On or before December 1 of each odd-numbered year, the board of trustees of each school district and the governing body of each charter school or university school for profoundly gifted pupils shall submit a report on its program for dual credit established pursuant to subsection 1 to the Joint Interim Standing Committee on Education and the Director of the Legislative Counsel Bureau for transmission to the next regular session of the Legislature. The Department, in consultation with the Board of Regents of the University of Nevada, school districts and charter schools, shall adopt regulations prescribing the information the report must include. The report may include, without limitation:

(a) The number of pupils enrolled in the program;

(b) A list of the courses in which pupils enroll;

(c) The number of pupils enrolled in each course;

(d) The demographics of the pupils enrolled in the program, including, without limitation, race, ethnicity, gender identity or expression, grade level and eligibility for free or reduced-price lunch pursuant to 42 U.S.C. § 1751 et seq.;

(e) The cost to the school district or charter school for establishing and maintaining the program;

(f) The cost to pupils for participating in the program; and

(g) The number of teachers employed by the school district or charter school who serve as the teacher of record for a dual credit course.