Section 6-17-2903 - Merit Teacher Incentive Fund Program - Creation(a) The Merit Teacher Incentive Fund Program is hereby created to recognize and reward excellent teachers across the State of Arkansas.(b) A teacher deemed eligible under the program shall be rewarded with annual bonuses of no more than ten thousand dollars ($10,000).(c) The State Board of Education may promulgate rules for the implementation of this program, including without limitation:(1) The administration and methods of distribution of funds under the program;(2) Eligibility requirements; and(3) Timelines and processes for identifying eligible teachers.Added by Act 2023, No. 237,§ 37, eff. 3/8/2023.