Senate Bill No. 797 amends Section 3-104 of Title 70 of the Oklahoma Statutes, focusing on the powers and duties of the State Board of Education. The bill requires the Board to electronically submit an annual report to the Governor and Legislature, detailing public school statistics. It also clarifies the conditions under which the Board can revoke or suspend a teacher's certificate, limiting it to specific reasons such as willful violations of law and moral turpitude, while prohibiting summary revocation without prior proceedings. Additionally, the Board must notify affected teachers and their school districts at least five days before any action is taken and must act on certificate suspensions or revocations within sixty days of notification.

Furthermore, the bill establishes the framework for administering and funding the Redbud School Grants, which are calculated based on local revenue sources for each school district, including charter schools. For fiscal year 2022, the grants will be funded from existing appropriations, while future funding will be capped at three-fourths of the previous year's tax collections, with provisions for additional funding from sales tax if necessary. The bill also designates the Director of the Department of Corrections as the authority for schools in state reformatories, creates a Statistical Services Revolving Fund, and mandates transparency in grant information. The act is set to take effect on July 1, 2025, with an emergency clause for immediate implementation upon passage.