The bill proposes the repeal of performance-based incentive awards for public schools and open-enrollment public charter schools in Arkansas. It amends Arkansas Code 6-15-2107, which previously established the Arkansas School Recognition Program aimed at providing financial awards to schools based on student performance and academic growth. The language indicating the need for an incentive program and the concept of performance-based incentives has been deleted, signaling a shift away from rewarding schools based on their performance metrics.

In the revised code, the focus is now on providing financial awards to both public schools and open-enrollment public charter schools without the performance-based criteria that were previously in place. The bill specifies that these awards can be used for nonrecurring bonuses for faculty and staff, educational equipment, or temporary personnel to enhance student performance. Additionally, it ensures that the funds appropriated for this purpose are exempt from certain existing funding regulations, and it mandates that the General Assembly provide sufficient funds to implement the new provisions.