Altering the definition of "institution of initial eligibility" to include community colleges as eligible institutions as part of the criteria for applicants for the Teacher Development and Retention Program; altering the evaluation requirements for the Program; requiring the Higher Education Commission to conduct an evaluation of the effectiveness of the Program and report the results to the Governor and the General Assembly by January 1, 2030; and altering the termination date from June 30, 2029 to June 30, 2030.