Creates the reading specialist certification grant fund (fund). Allows eligible teachers to apply for a grant from the fund for the purpose of obtaining a science of reading based reading specialist certification. Provides that an eligible teacher who receives a grant and obtains a reading specialist certification is entitled to certain salary incentives. Provides that the department of education (department) shall administer the fund. Provides that the department shall adopt rules to implement the fund. Beginning in 2024, requires the department to prepare an annual report and recommendations concerning the fund for the legislative council.