(a) The Merit Teacher Incentive Fund Program is hereby created to recognize and reward excellent teachers across the State of Arkansas.
(b) A teacher deemed eligible under the program shall be rewarded with annual bonuses of no more than ten thousand dollars ($10,000).
(c) The State Board of Education may promulgate rules for the implementation of this program, including without limitation:(1) The administration and methods of distribution of funds under the program;(2) Eligibility requirements; and(3) Timelines and processes for identifying eligible teachers.
(1) The administration and methods of distribution of funds under the program;
(2) Eligibility requirements; and
(3) Timelines and processes for identifying eligible teachers.