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.
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