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.

Additionally, the bill creates the "Grow Your Own Educator Revolving Fund" within the State Treasury, which will consist of funds appropriated for the program. The State Board of Education is tasked with promulgating rules to implement the program, and both grant recipients and the State Department of Education are required to submit periodic reports regarding the progress of employees receiving assistance. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage.