SB 202 Summary

• Establishes a 200,000 mile depreciation schedule for school bus funding under Alabama Code Section 16-13-233.

• Requires depreciation funding included in transportation allowances to be set aside in restricted funds by local school boards for fleet renewal only, prohibiting use for operating costs.

• Applies only to buses that are 10 years old or newer with less than 200,000 travel miles as of the act's effective date.

• Provides that local school boards receive 70% of per-bus fleet renewal allocation for any bus that is paid off, with excess funding reverting to the Education Trust Fund.

• Directs the Alabama State Board of Education to adopt rules implementing the depreciation schedule and establishes a minimum state allocation for each bus at no less than the fiscal year 2019 amount.