Authority to purchase school buses

Sec. 1. A school corporation may purchase a school bus or special purpose bus to furnish transportation for students. The school corporation may purchase: (1) both the body and the chassis of a school bus; or (2) either the body or the chassis. A purchase may be made for cash or under the terms of a security agreement. [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-9.1-6-1.] As added by P.L.1-2005, SEC.11.