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Create a new section of KRS Chapter 156 to define "department" and "principal"; establish the principal leadership development practicum; require the Kentucky Department of Education to develop and operate the practicum and outline the required components of the practicum; allow for substitution of practicum hours for hours of instruction required by the effective instructional leadership program; begin the practicum requirements with the 2027-2028 school year; authorize the promulgation of administrative regulations for the operation of the practicum; amend KRS 156.101 to conform; amend KRS 161.207 to remove references to the principal internship program and make conforming changes to initial principal certification process; amend KRS 156.492 to remove an outdated reference; require the Kentucky Department of Education to submit a report to the Legislative Research Commission by November 1, 2026, setting out the implementation plan for the practicum.