The bill amends Section 3-104 of Title 70 of the Oklahoma Statutes, which governs the powers and duties of the State Board of Education. It restricts the Board's ability to revoke or suspend licenses or certificates to specific reasons, such as willful violations of law, child abuse or neglect, moral turpitude, incompetency, or neglect of professional duty. Furthermore, the bill mandates that the Board cannot summarily revoke or suspend a license or certificate without a valid emergency, as defined by the Oklahoma Administrative Procedures Act, and requires that notice be provided to the affected license or certificate holders and their employing school district at least ten days before any complaint is filed. Additionally, it prohibits the State Department of Education from issuing or revoking certificates for individuals convicted of certain crimes related to sexual abuse or exploitation.

The bill also establishes a framework for redbud school grants to support school districts and eligible charter schools in Oklahoma. The State Department of Education will calculate these grants based on the nonchargeable county four-mill revenue and the new revenue from the five-mill building fund levy, treating each eligible charter school as a unique district. For fiscal year 2022, funding will come from existing appropriations, while for fiscal year 2023 and beyond, grants will be funded through appropriations not exceeding three-fourths of the previous year's tax collections, with potential additional funding from sales tax. The bill defines "eligible charter school," excluding statewide virtual charter schools, and tasks the Department of Education with recognizing grant recipients and ensuring transparency regarding grant allocations. It is set to take effect on July 1, 2025, with an emergency clause for immediate implementation upon passage and approval.