Amends and adds to existing law to establish the Master Schools Premium as an alternative to the Master Teacher Premium.

This bill moves and expands a section of code that gives another option to the Master Teacher Premium Program by adding a new section 33-1004k. School districts can choose to participate in either the Master Teacher Premium Program where teachers earn premiums based upon portfolios and evaluations; or, choose to participate in the Master School Premium Program where teachers receive master premiums based upon students achieving academic goals set within the school district and approved by the State Board of Education. School districts can only participate in the Master Teacher Premium Program or in the Master School Premium Program