OK SB246

Public school districts and charter schools may designate certified classroom teachers as "recognized," "exemplary," or "master" for five-year periods based on student academic growth targets (55%, 60%, or 70% of students meeting growth targets, respectively)

Distinguished Educator Allotments provide base funding per designated teacher: $3,000 for recognized (up to $9,000), $6,000 for exemplary (up to $18,000), and $12,000 for master (up to $32,000), with increases tied to student performance point values

At least 90% of allotment funds must be used for increased teacher compensation, which is not part of continuing contracts, excluded from retirement calculations, and exempt from FICA taxes to the extent allowed by federal law

Creates the Distinguished Educator Allotments Revolving Fund with an initial appropriation of $50,000,000 from the General Revenue Fund

State Board of Education must establish performance standards for local designation systems and the State Department of Education must provide technical assistance and conduct periodic effectiveness evaluations reported to the Governor and Legislature