The bill establishes the Oklahoma Teacher Recruitment Academy, which will be administered by the Oklahoma State Regents for Higher Education. The Academy aims to provide tuition and mandatory fee assistance to individuals pursuing a bachelor's degree in teacher preparation programs accredited by the Commission for Educational Quality and Accountability, with a commitment to teach in critical shortage subject areas in public schools within the state. The State Department of Education is tasked with identifying and publishing a list of these critical shortage areas every three years, starting July 30, 2025. Eligibility criteria include enrollment in an institution of higher education, submission of an application, and execution of an agreement to earn a degree and teach in a designated subject area.

The bill also outlines the financial aspects of the program, including a cap on assistance at $10 million per academic year, and stipulates that individuals must exhaust any federal or state education benefits before receiving assistance from the Academy. To maintain eligibility, participants must uphold academic standards and provide proof of employment in a critical shortage area after graduation. Additionally, provisions are included for repayment of assistance if the agreement is not fulfilled, with options for hardship waivers. The Oklahoma Teacher Recruitment Academy Revolving Fund is created to manage the financial resources for this initiative, which is set to take effect on July 1, 2025.