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
Chapter 10. Transportation and Food Services
Part 1. School Buses and Transportation
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
20-10-108. 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
20-10-122. 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
20-10-129. Transportation for special activities
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
20-10-145. 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