Board of Education; regulations; qualifications of division superintendents. Requires the Board of Education to amend its regulation that establishes the qualifications for division superintendents to (i) require the record of each candidate for the list of eligible division superintendents and the renewable division superintendent license under any of the four permitted options to attest to good character and demonstrated ability as an educational administrator and (ii) amend Option IV by requiring the candidate to have (a) completed five years of successful educational experience in a public school or an accredited nonpublic school, two years of which shall have been full-time teaching experience at the preK-12 level and two years of which shall have been in administration and supervision and (b) been recommended by a school board that is interested in employing the individual as division superintendent and that governs a school division with fewer than 2,000 enrolled students. The bill also provides that the requirements under Option IV that were in effect prior to the effective date of the bill shall apply to any individual who was employed as a division superintendent pursuant to Option IV as of such date and who maintains continuous employment as a division superintendent in any school division in the Commonwealth after such date.