(a) The Division of Elementary and Secondary Education shall promulgate rules for the nine-thousand-dollar yearly incentive bonus provided under this section for principals receiving master school principal status.
(b) The division shall pay a yearly incentive bonus of nine thousand dollars ($9,000) for every school year for no more than five (5) years to any building-level principal who:(1) Receives a master school principal designation from the Arkansas Leadership Academy; and(2) At the time of receiving the bonus, is employed full time as a building-level principal in an Arkansas public school district.
(1) Receives a master school principal designation from the Arkansas Leadership Academy; and
(2) At the time of receiving the bonus, is employed full time as a building-level principal in an Arkansas public school district.