The bill establishes the "Grow Your Own Educator Program," which aims to support eligible school districts in Oklahoma by providing matching fund grants for tuition or loan repayment assistance to school district employees pursuing undergraduate degrees in teacher preparation programs. The program will be maintained by the State Department of Education, which will also oversee the application process for districts seeking grants. Eligible districts must submit applications detailing the amount of funding requested, the position of the employee, and the subject area of study. Grants will be awarded on a first-come, first-served basis, contingent on available funds in the newly created Grow Your Own Educator Revolving Fund.

Additionally, the bill mandates that grant recipients submit annual reports to the State Department of Education regarding the progress of employees receiving assistance. The State Department is also required to report to key state officials on the program's outcomes. The Grow Your Own Educator Revolving Fund will be established in the State Treasury, funded by legislative appropriations, and will be used to support the program's objectives. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage.