Senate Bill No. 365 amends Oklahoma education law to clarify definitions of educational positions, notably introducing "head coach" into the definition of "teacher" as the lead supervisor of school-sponsored athletic activities. The bill also updates the definition of "athletic trainer" to require current certification from the Board of Certification of the National Athletic Trainers Association, changing the terminology from "Certified Athletic Trainer" to "certified athletic trainer." Additionally, it mandates the State Board of Education to electronically submit an annual report to the Governor and Legislature on public school statistics, while affirming the Board's authority to establish rules for the certification of educational personnel, including head coaches.

Moreover, the bill establishes the State Public Common School Building Equalization Fund, which will receive appropriated funds to assist school districts and eligible charter schools in acquiring buildings. It specifies that redbud school grants from this fund will be used for building purposes and clarifies that "school districts" includes both traditional districts and eligible charter schools. The State Board of Education is responsible for disbursing these grants and creating implementation rules, while the methodology for determining grant amounts is based on nonchargeable millage per student and average daily membership. The act is set to take effect on July 1, 2025, with an emergency clause for immediate implementation upon passage.