The Board of Directors of each school district shall prescribe the method of soliciting bids by regulation and adopt other rules and regulations governing the procurement of commodities, including instructional materials. Each school district, according to its established reimbursement policy, shall provide to each pre-kindergarten through sixth grade teacher in each fiscal year the greater of twenty dollars ($20.00) per student enrolled in the teacher’s class for more than fifty percent (50%) of the school day at the end of the first three (3) months of the school year or five hundred dollars ($500) for the teacher to apply toward the purchase of instructional materials for use by that teacher in the classroom or for class activities. The teacher must provide the school district receipts documenting any purchase. Each fiscal year, the superintendent of each school district shall provide a statement to the State Board of Education attesting to the district’s compliance. This statement will be listed in the 'Required Reports' published by July 1 of each year. The statement for the prior year will be due by September 15th of each year.