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Teacher and school administrator contracts. Requires a school corporation to take action not later than June 1: (1) to cancel an indefinite contract with a permanent or semipermanent teacher; or (2) to refuse to renew a contract with a nonpermanent teacher, a superintendent, an assistant superintendent, a principal, or an assistant principal. Limits the number of teachers that the exclusive representative may appoint to serve on statutory or locally created committees of a school corporation. Limits language in the teachers' collective bargaining law that prohibits a school employer from unilaterally changing the terms and conditions of employment (if no agreement on those terms and conditions has been reached 14 days before the school employer submits a budget) to items that must be bargained collectively.