(3) A material revision of the provisions of a charter petition may be made only with the approval of the entity that granted the charter. The entity that granted the charter may inspect or observe any part of the charter school at any time.
(4) Renewals and material revisions of charters shall be governed by the standards and criteria in Section 47605.
(b) A charter may be revoked by the entity that granted the charter under this chapter if the entity finds that the charter school did any of the following:
(1) Committed a material violation of any of the conditions, standards, or procedures set forth in the charter.
(2) Failed to meet or pursue any of the pupil outcomes identified in the charter.
(3) Failed to meet generally accepted accounting principles, or engaged in fiscal mismanagement.
(4) Violated any provision of law.
(c) Prior to revocation, the entity that granted the charter shall notify the charter public school of any violation of this section and give the school a reasonable opportunity to cure the violation, unless the authority entity determines, in writing, that the violation constitutes a severe and imminent threat to the health or safety of the pupils.