Sec. 27. If a transportation or fleet contract is canceled by a governing body under this chapter, the governing body may purchase the school bus equipment owned by the school bus driver or fleet contractor and used under the transportation contract. The purchase price is the fair market value of the equipment as determined by agreement of the governing body and the school bus driver or fleet contractor.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-9.1-2-23.]
As added by P.L.1-2005, SEC.11.
Structure Indiana Code
Article 27. School Transportation
Chapter 5. Transportation Contracts
20-27-5-0.2. Application of Certain Amendments to Prior Law
20-27-5-1. Nonpublic School Exemption
20-27-5-2. Authority to Provide Transportation; Fees Prohibited
20-27-5-3. Transportation Responsibilities
20-27-5-4. Employment of School Bus Driver
20-27-5-7. Transportation and Fleet Contract Public Purchasing Requirements
20-27-5-10. Transportation or Fleet Contract; Public Notice
20-27-5-13. Prerequisites for Bidders for Transportation Contract
20-27-5-19. Transportation or Fleet Contract; Sale or Assignment
20-27-5-21. Transportation Contract; Substitute Driver Requirements
20-27-5-23. Transportation Contract; Termination; Alcoholic Beverage
20-27-5-26. Fleet Contract; School Bus Driver Provisions
20-27-5-27. Transportation or Fleet Contract; Cancellation; Purchase of Equipment
20-27-5-28. Transportation or Fleet Contract; Bond
20-27-5-29. Common Carrier Contract; Generally
20-27-5-30. Common Carrier Contract; Provisions
20-27-5-31. Common Carrier Contract; Exemption From Physical Examination
20-27-5-32. Common Carrier Contract; Exemption From Requirements