A teacher residency program established pursuant to the Teacher Residency Act shall include:

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A. competitive admission requirements with multiple criteria;

B. rigorous department-approved teacher preparation program coursework, which shall be offered while the teaching resident undertakes a full academic year of guided apprenticeship in the classroom of a level two or level three teacher at the partner area school district or charter school;

C. a co-teaching approach to expose teaching residents to a variety of teaching methods, philosophies and classroom environments;

D. clear criteria for the selection of level two and level three teachers based on measures of teacher effectiveness and the appropriate subject area knowledge;

E. providing level two and level three teachers with ongoing evidence-based training in coaching and mentoring teaching residents and compensation for time and added responsibility;

F. grouping teaching residents in cohorts to facilitate professional collaboration among residents and placing teaching residents in teaching schools or professional development programs that are organized to support a high-quality teacher learning experience in a supportive work environment;

G. measures of appropriate progress through the program;

H. a stipend of no less than thirty-five thousand dollars ($35,000) per year for teaching residents;

I. a stipend of no less than two thousand dollars ($2,000) per year for level two and level three teachers participating in the program;

J. a stipend of no less than two thousand dollars ($2,000) per year for principals or head administrators at the partner school district or charter school;

K. funding of no less than fifty thousand dollars ($50,000) per year for teacher residency program coordinators at each department-approved New Mexico teacher residency program;

L. a post-completion commitment by teaching residents to serve a minimum of three years at schools in the sponsoring school district;

M. an expectation of employment for the teaching resident from the partner school district or charter school;

N. support for teaching residents for not less than one year following the resident’s completion of the program through the provision of mentoring, professional development and networking opportunities; and

O. demonstration of the integral role and responsibilities of the partner area school district or charter school in fulfilling the purpose of the program.