This bill establishes a framework for public school districts and charter schools in Oklahoma to designate certified classroom teachers with master, exemplary, or recognized designations for a five-year period based on specific performance criteria related to student academic growth. The State Board of Education is tasked with creating standards for these designations and ensuring that local systems meet these requirements. The bill also mandates the State Department of Education to provide technical assistance, conduct evaluations of the designation systems, and make relevant information publicly available.

Additionally, the bill introduces the Distinguished Educator Allotments, which provide financial incentives for schools employing teachers with these designations. The allotments are calculated based on a base amount that varies by designation and is further adjusted by a pupil category factor linked to student performance. The bill creates a Distinguished Educator Allotments Revolving Fund to manage these financial resources, with an appropriation of $50 million from the General Revenue Fund for the fiscal year ending June 30, 2023. The act is set to take effect on July 1, 2025, and includes provisions for emergency implementation.