The proposed bill establishes the Education and Workforce Innovation Pilot Program within the State Board of Education (SBE) to develop and test innovative educational models that align with student outcomes and workforce readiness. The SBE will administer the program and create an advisory committee composed of up to seven members, including representatives from the State Board for Charter Schools and SBE. This committee will be responsible for developing policies, reviewing applications from schools wishing to participate, monitoring compliance, and submitting annual reports on the program's implementation and outcomes.

Additionally, the bill outlines the application process for school districts and charter schools to participate in the pilot program, requiring them to provide details about their proposed innovative models, any requests for exemptions from state laws, and plans for sustaining or terminating their models post-program. The bill also specifies that it will be repealed after July 1, 2031, ensuring a defined timeframe for the pilot program's operation.