Bill No. 514 amends Section 1210.568 of Title 70 of the Oklahoma Statutes, which pertains to the statewide system of alternative education programs. The bill removes outdated language regarding the "Alternative Approaches grant programs" and expands the definition of the statewide system to include charter schools and virtual charter schools designated by the State Department of Education as implementing alternative education programs. Additionally, it allows school districts to implement alternative education programs using full-time virtual or blended instruction. The bill also establishes specific provisions for charter and virtual charter schools, including adherence to a separate performance framework and attendance policies.

Furthermore, the bill outlines funding mechanisms for alternative education programs, stipulating that funding will be based on the average daily membership of students served in the prior school year. It designates up to 15% of available funding for districts participating in cooperative agreements for alternative education services. The bill mandates that all alternative education programs comply with applicable statutes and rules, and it allows for the establishment of interlocal cooperative agreements among school districts to jointly provide alternative education programs. The act is set to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage.