A. There is hereby created in the State Treasury a revolving fund for the State Department of Education to be designated the “Teacher Empowerment Revolving Fund”. The revolving fund shall be a continuing fund, without legislative appropriation, not subject to fiscal year limitations, and shall be under the control and management of the State Department of Education. Expenditures from the Teacher Empowerment Revolving Fund shall be budgeted and expended as provided for in subsection B of this section. B. The State Department of Education shall utilize the funds for the program outlined in Section 6-190 of this title. Funding shall be allocated to school districts to provide the stipend amounts indicated for advanced, lead, and master certificates as provided for in subsection I of Section 6-190 of this title on a first-come, first-served basis until the cash is exhausted for the school year. Added by Laws 2022, c. 359, § 2, eff. July 1, 2022. Amended by Laws 2024, c. 122, § 2, eff. July 1, 2024; Laws 2025, c. 286, § 2, eff. July 1, 2025.
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