Educator-on-loan program.

Sec. 27t. From the state school aid fund money appropriated in section 11, there is allocated for 2026-2027 only an amount not to exceed $500,000.00 to 1 or more districts or intermediate districts participating in the educator-on-loan program established by the department. Permissible uses of funds under this section include, but are not limited to, paying additional costs associated with hiring an employee in the Michigan public school employees' retirement system and other employment-related costs, such as employee benefits. Notwithstanding section 17b, the department shall make payments under this section on a schedule determined by the department.