1. (a) Any appropriation by the Legislature shall be used, in part, to fund salary supplements and related benefit costs for school administrators and other costs relating to the program.

2. (b)

   1. (1) The department shall provide an annual supplement of up to ten thousand dollars ($10,000) to any principal and up to five thousand dollars ($5,000) to any assistant principal who successfully completes the program, is employed full-time in a public preK-12 school, and is properly certified by the state. The department shall provide additional supplements of up to five thousand dollars ($5,000) to any principal and up to two thousand five hundred dollars ($2,500) to any assistant principal serving in a low-performing school or high-poverty school. The amount of any supplement provided by this subdivision is subject to appropriations by the Legislature. Successful completion of the program shall consist of the following:

      1. a. Beginning with all then currently employed principals and assistant principals, as of October 1, 2024, annual completion of five additional days of approved, high-quality professional learning as described in Section 16-6I-4.
      2. b. Beginning with all newly employed, first-time principals, as of July 1, 2024, or later, annual completion of five additional days of approved, high-quality professional learning and participation in a new school administrator mentor program.
      3. c. Beginning with the 2027-2028 school year, all then currently employed and new principals, in addition to the five additional days of high-quality professional learning, participation in the evaluation system created in Section 16-6I-4.
      4. d. Beginning with the 2029-2030 school year, all then currently employed principals, in addition to the five additional days of high-quality professional learning, participation in the evaluation system created in Section 16-6I-4 and participation in and completion of the year-long leadership academy in accordance with a schedule for completion as developed and disseminated by the superintendent.
      5. e. Beginning with the 2029-2030 school year, for newly employed principals, annual completion of five additional days of high-quality professional learning, participation in the evaluation system created in Section 16-6I-4, participation and ultimately completion of the mentorship program, and participation in and ultimately graduation from the year-long leadership academy.
   2. (2) Notwithstanding subdivision (1), any individual employed as a principal on July 1, 2024, shall be exempt from the mentoring requirement.
3. (c) Upon completion of the evaluation system, it is the intent of the Legislature that additional supplements be provided to principals who meet or exceed student growth goals as identified through the evaluation system in low-performing schools and high-poverty schools.
4. (d) On or before January 1, 2024, the superintendent shall submit a report to the Legislature detailing the number of school administrators expected to receive the annual supplement provided in subsection (b) for the 2025 fiscal year. The report shall be submitted to the Chair of the Senate Finance and Taxation Education Committee, Chair of the House Ways and Means Education Committee, and the Legislative Fiscal Officer.

(Act 2023-340, §5.)