(a) The board shall conduct a request for proposals (RFP) and bid process for all outsourced services, including the issuance of agreements or memorandums of understanding with other entities, no less than once every four years beginning September 1, 2017. The board may also request RFPs at any time by an action of the board.(b) The board shall develop specific guidelines for each RFP and shall review the RFP as part of the biennual review.(c) The board shall review all outsourced services on a biennual basis.(d) An entity entering into an agreement with the board shall provide access to financial information as required by the RFP.