This report explains accreditation by contract and sets forth procedures for implementing such a contract. An accreditation contract is executed when a comprehensive, continuous, long-range plan for meeting the educational needs of students is adopted and formulated into a contract between a local board of education and the Colorado State Board of Education. General goals, restated as specific objectives, and an accompanying action plan are incorporated into a contract. Procedures for local board development of an accreditation contract include commitment, preplanning, planning, approval, and implementation. (JF)