Indiana Statutes

§ 20-27-5-27 — Transportation or fleet contract; cancellation; purchase of equipment

Indiana·Title 20 EDUCATION·Art. 27 SCHOOL TRANSPORTATION·Ch. 5 Transportation Contracts
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.]

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Indiana § 20-27-5-27 (Transportation or fleet contract; cancellation; purchase of equipment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.1-2005, SEC.11.

Nearby Sections

15
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