This bill amends existing laws regarding high school graduation rates and annual school reports in Oklahoma. It modifies the calculation of the four-year and extended-year adjusted cohort graduation rates, ensuring that students who transfer in and out, emigrate, or are deceased are not included in the adjusted cohort graduation rate. The bill also clarifies that students must be enrolled in a program that culminates in a recognized high school diploma to be counted in the graduation rate. Additionally, it establishes that the extended-year adjusted cohort graduation rate will be reported separately from the four-year rate.

Furthermore, the bill updates the annual school reports by excluding chronic absenteeism data from the measures and reports, while introducing climate surveys as part of the grading measures. It expands the items included in postsecondary opportunities to encompass various educational and career readiness programs. The effective date for these changes is set for July 1, 2025, and an emergency clause is included to ensure the bill takes effect immediately upon passage and approval.