2015 Oregon Revised Statutes
Volume : 09 - Education and Culture
Chapter 327 - State Financing of Elementary and Secondary Education
Section 327.033 - Approved transportation costs; expenditure limitations.
(1) Approved transportation costs shall be estimated for the year of distribution.
(2) In determining approved transportation costs, the State Board of Education:
(a) Shall include depreciation of original cost to the school district of district-owned buses, not in excess of 10 percent per year; and
(b) Shall include the costs to retrofit, as defined in ORS 468A.795, or to replace school buses for the purpose of reducing or eliminating diesel engine emissions, except that the board may not include the costs paid with moneys received from the state by a school district from the Clean Diesel Engine Fund under ORS 468A.801 (2)(a) to retrofit or to replace school buses for the purpose of reducing or eliminating diesel engine emissions.
(3) School districts shall account separately for those funds received from the State School Fund attributable to the costs included under subsection (2) of this section, and expenditure of those funds shall be limited as follows:
(a) The expenditure of funds attributable to costs under subsection (2)(a) of this section shall be limited to the acquisition of new buses.
(b) The expenditure of funds attributable to costs under subsection (2)(b) of this section shall be limited to the costs to retrofit, as defined in ORS 468A.795, or to replace school buses for the purpose of reducing or eliminating diesel engine emissions.
[1991 c.780 §7a; 2007 c.855 §3; 2009 c.458 §1]
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