The commission may award grants under the pilot program to an applicant that meets the following requirements:

1. (1) The applicant is a school corporation or charter school that has partnered with one (1) approved postsecondary educational institution to establish and implement a teacher residency program.

2. (2) The applicant submits a teacher residency plan that:

   1. (A) establishes a teacher residency program in which:

      1. (i) program participants receive teacher training under the teacher residency program for a one (1) year period; and
      2. (ii) program participants and teachers who act as mentors to program participants under the teacher residency program receive stipends;
   2. (B) includes the name and contact information of the approved postsecondary educational institution with which the school corporation or charter school has partnered; and
   3. (C) includes any other information regarding the teacher residency program that is required by the commission.
3. (3) Any other requirements established by the commission.

As added by P.L.74-2019, SEC.1.