The bill amends Section 3-104 of Title 70 of the Oklahoma Statutes, focusing on the powers and duties of the State Board of Education. It introduces a requirement for the Board to submit certain reports electronically to the Governor and Legislature. The bill also specifies that the Board can only revoke or suspend a certificate for defined reasons, including willful violations of law, child abuse or neglect, moral turpitude, incompetency, or neglect of professional duty. Furthermore, it prohibits the Board from summarily revoking or suspending a certificate without prior proceedings and mandates a notification period of at least five days before any action is taken. The bill also updates statutory references and establishes a timeframe of sixty days for the Board to act on certificate revocation or suspension after notification.

Additionally, the bill creates a framework for the administration and funding of the Redbud School Grants by the State Department of Education. It details the calculation of nonchargeable millage for school districts and eligible charter schools to determine grant amounts based on their funding shortfalls. For fiscal year 2022, funding will come from existing appropriations, while for fiscal year 2023 and beyond, it will be limited to three-fourths of the tax collected in the previous fiscal year, with potential additional funding from sales tax collections. The bill also requires the establishment of a dedicated webpage for grant recipients and mandates annual estimates of grant allocations to legislative committees. Eligible charter schools must provide in-person or blended instruction to qualify for the grants, and the act is set to take effect on July 1, 2025, with an emergency clause for immediate implementation.