Great Teaching and Leading for Great Schools Act of 2014

[AI summary unavailable — showing source text] Great Teaching and Leading for Great Schools Act of 2014 - Amends part A (Teacher and Principal Training and Recruiting Fund) of title II of the Elementary and Secondary Education Act of 1965 to require states to use at least 50% of their part A grant funds that are reserved for state activities for programs and activities to improve principal effectiveness. Requires states to use those funds to develop and implement: a teacher evaluation system that has at least three different performance ratings and is based on student academic outcomes and observations of teacher performance; and a school principal evaluation system that has at least three different performance ratings and is based on student academic outcomes, principal leadership practices, and the recruitment, development, evaluation, and retention of effective teachers. Adds to the permissible uses of such funds the development of teacher and principal licensure systems that provide a single license for entry into the profession for candidates who complete a state-approved teacher or principal preparation program. Requires local educational agencies (LEAs) that receive a subgrant under part A to use at least 10% of the subg…