HB 1915 Summary

• Creates the Teacher Incentive Pay Program Revolving Fund to be funded by appropriations from the Oklahoma Education Lottery Trust Fund, effective fiscal year 2014.

• Establishes eligibility for school districts to receive full or partial reimbursement of teacher incentive pay awards from the revolving fund if they adopt approved incentive pay plans.

• Allows school districts to implement incentive pay plans rewarding teachers and school leaders with superior or highly effective performance ratings and demonstrating achievement growth.

• Calculates per-teacher reimbursement amounts by dividing available annual funds by total state teacher incentive awards, then allocates proportionally to eligible districts.

• Requires school districts to submit applications by July 1 following the school year in which awards were made and declares an emergency effective date of July 1, 2013.