Montana Code Annotated
Part 1. School Buses and Transportation
20-10-147. Bus depreciation reserve fund

20-10-147. Bus depreciation reserve fund. (1) The trustees of a district owning a bus used for purposes of transportation, as defined in 20-10-101, or for purposes of conveying pupils to and from school functions or activities may establish a bus depreciation reserve fund to be used for the conversion, remodeling, or rebuilding of a bus or for the replacement of a bus or communication systems and safety devices installed on the bus, including but not limited to global positioning systems, cameras, and two-way radios. The trustees of a district may also use the bus depreciation reserve fund to purchase an additional bus for purposes of transportation, as defined in 20-10-101.
(2) Whenever a bus depreciation reserve fund is established, the trustees may include in the district's budget, in accordance with the school budgeting provisions of this title, an amount each year that does not exceed 20% of the original cost of a bus or communication systems and safety devices installed on the bus. The amount budgeted may not, over time, exceed 150% of the original cost of a bus or communication systems and safety devices installed on the bus. The annual revenue requirement for each district's bus depreciation reserve fund, determined within the limitations of this section, must be reported by the county superintendent to the county commissioners by the later of the first Tuesday in September or within 30 calendar days after receiving certified taxable values as the bus depreciation reserve fund levy requirement for that district, and a levy must be made by the county commissioners in accordance with 20-9-142.
(3) Any expenditure of bus depreciation reserve fund money must be within the limitations of the district's final bus depreciation reserve fund budget and the school financial administration provisions of this title and may be made only to convert, remodel, or rebuild buses, to replace the buses or communication systems and safety devices installed on the bus, or for the purchase of an additional bus as provided in subsection (1), for which the bus depreciation reserve fund was created.
History: En. 75-7024 by Sec. 301, Ch. 5, L. 1971; amd. Sec. 1, Ch. 194, L. 1977; R.C.M. 1947, 75-7024; amd. Sec. 1, Ch. 69, L. 1991; amd. Sec. 11, Ch. 568, L. 1991; amd. Sec. 14, Ch. 133, L. 1993; amd. Sec. 1, Ch. 238, L. 1997; amd. Sec. 1, Ch. 157, L. 1999; amd. Sec. 115, Ch. 584, L. 1999; amd. Sec. 4, Ch. 220, L. 2001; amd. Sec. 24, Ch. 152, L. 2011; amd. Sec. 21, Ch. 418, L. 2011; amd. Sec. 5, Ch. 8, L. 2015.

Structure Montana Code Annotated

Montana Code Annotated

Title 20. Education

Chapter 10. Transportation and Food Services

Part 1. School Buses and Transportation

20-10-101. Definitions

20-10-102. School bus requirements

20-10-103. School bus driver qualifications

20-10-104. Penalty for violating law or rules

20-10-105. Determination of residence

20-10-106. Determination of mileage distances

20-10-107. Power of trustees

20-10-108. Two-way radio operation

20-10-109. Liability insurance for school bus

20-10-110. School bus purchase -- contract -- bids

20-10-111. Duties of board of public education

20-10-112. Duties of superintendent of public instruction

20-10-113. through 20-10-120 reserved

20-10-121. Duty of trustees to provide transportation -- types of transportation -- bus riding time limitation

20-10-122. Discretionary provision of transportation and payment for this transportation

20-10-123. Provision of transportation for nonpublic school children

20-10-124. Private party contract for transportation -- individual transportation contract

20-10-125. Bid letting for contract bus -- payments under transportation contract

20-10-126. Establishment of transportation service areas

20-10-127. Repealed

20-10-128. Repealed

20-10-129. Transportation for special activities

20-10-130. reserved

20-10-131. County transportation committee membership

20-10-132. Duties of county transportation committee

20-10-133. through 20-10-140 reserved

20-10-141. Schedule of maximum reimbursement by mileage rates

20-10-142. Schedule of maximum reimbursement for individual transportation

20-10-143. Budgeting for transportation and transmittal of transportation contracts

20-10-144. Computation of revenue and net tax levy requirements for district transportation fund budget

20-10-145. State transportation reimbursement

20-10-146. County transportation reimbursement

20-10-147. Bus depreciation reserve fund

20-10-148. Cost-effectiveness analysis required before purchase of small school bus