Reward Excellence With Annual Redirected Dollars

The bill creates the 'Rewarding Excellence With Annual Redirected Dollars Act' or 'REWARD Act' (program) to award excellence funding to school districts that achieve a level of success in student performance above that of their peer districts. The bill defines 'school district' to include school districts and the state charter school institute (institute). The bill directs the department of education (department) to annually identify peer school districts by categorizing all school districts as either non-rural or rural, as defined in the bill, and then group the school districts within those categories based on demographically similar student populations. Once peer school districts are…