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. Additionally, the bill outlines the responsibilities of the State Department of Education in providing technical assistance, conducting evaluations, and making information available to the public regarding the designated teachers and their performance.

Furthermore, 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 can be increased depending on student performance metrics. The bill also creates the Distinguished Educator Allotments Revolving Fund to manage the financial resources allocated for this purpose, 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.