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Section 12 requires a board of trustees of a school district that receives such a grant to use such money to provide incentives to recruit teachers to certain schools that have a high need for teachers through its program of performance pay and enhanced compensation.

Specifically, a board of trustees that receives a grant must use the money to: (1) increase the base salary of newly hired teachers at such schools for their first 2 years of employment; and (2) provide professional development to such teachers during their first 2 years of employment.

Section 9 of this bill requires a university, college or other provider of an alternative licensure program that receives such a grant to award scholarships to approved students at the beginning of each semester by: (1) disbursing 75 percent of the scholarship amount for the semester to the scholarship recipient: and (2) placing the remaining 25 percent of the scholarship in a trust account.

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Any money in a trust account that is not claimed within that time reverts to the university, college or other provider of an alternative licensure program that established the trust account and must be used only to pay any costs associated with a program described in subsection 1 of section 8 of this act. If a scholarship recipient fails to meet the requirements of subsection 4, the university, college or other provider of an alternative licensure program that established the trust account for the scholarship recipient must transfer any money in the trust account to the State Board for credit to the Account.1.

Section 7 of this bill requires the Board of Regents to submit a biennial report on the Program to the Legislature.

The report must include information regarding: (1) the number of grants awarded under the Program; (2) the average amount of each grant; and (3) the percentage of students awarded grants who remained in school and who eventually earned a degree or certificate. The Silver State Opportunity Grant Program is hereby created for the purpose of awarding grants to eligible students to pay for a portion of the cost of education at a community college or state college within the System. In administering the Program, the Board of Regents shall for each semester, subject to the limits of money available for this purpose, award a grant to each eligible student to pay for a portion of the cost of education at a community college or state college within the System.

The success of the Program, including, without limitation, information regarding the percentage of students awarded grants since the creation of the Program who have remained enrolled at a community college or state college within the System and the percentage of students awarded grants since the creation of the Program who have been awarded a degree or certificate. Section 8 requires the State Board to: (1) establish the number of scholarships available each year based on available money; and (2) review such applications and award such grants.

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Section 8 allows a student who attends or who has been accepted to a university, college or other provider of alternative licensure that receives a grant to apply for a Teach Nevada Scholarship.(b) Determine the actual amount of the grant which will be awarded to each student, which amount must not exceed the maximum amount calculated pursuant to paragraph (a), but which may be in a lesser amount if the Board of Regents or a designee thereof, as applicable, determines that the amount of money available for all grants for any semester is insufficient to award to all eligible students the maximum amount of the grant which each student is eligible to receive. Money received from a grant awarded under the Program must be used by a student only to pay for the cost of education of the student at a community college or state college within the System and not for any other purpose.