HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 10.10.311 Prev     Up     Next    
Rule Title: BUS DEPRECIATION RESERVE FUND
Add to My Favorites
Add to Favorites
Department: EDUCATION
Chapter: SPECIAL ACCOUNTING PRACTICES
Subchapter: Special Accounting Practices
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

10.10.311    BUS DEPRECIATION RESERVE FUND

(1) Section 20-10-147, MCA, allows school districts to budget each year in a bus depreciation reserve fund an amount that does not exceed 20% of the original cost of a bus, communication system, or safety devices installed on the bus. The amount budgeted may not, over time, exceed 150% of the original cost of the bus, communication system, or safety devices. 

(2) Annual depreciation may not exceed 20% of the bus, communication system, or safety devices' original cost.

(3) The cost of new parts added after the original purchase of a bus, communication system, or safety devices may not be depreciated.

(4) The bus depreciation reserve fund shall not be used to depreciate or replace motor vehicles designed to carry ten or fewer persons.

(5) The bus depreciation reserve fund may be used to depreciate and replace "over-the-road" coaches used for student activities and athletics.

(6) The trustees of a district may use the bus depreciation reserve fund to replace or purchase an additional school bus as defined in 20-10-101(4)(a), MCA. Additional buses that do not meet the definition of a school bus in 20-10-101(4)(a), MCA, and that result in expansion of the district's fleet must be purchased from the general, transportation, student activity, or other fund as allowed by law.

History: 20-9-102, MCA; IMP, 20-10-147, MCA; NEW, 1992 MAR p. 209, Eff. 2/14/92; AMD, 1998 MAR p. 1719, Eff. 6/26/98; AMD, 2000 MAR p. 632, Eff. 2/25/00; AMD, 2006 MAR p. 3070, Eff. 12/22/06; AMD, 2016 MAR p. 880, Eff. 5/21/16.


 

 
MAR Notices Effective From Effective To History Notes
10-10-127 5/21/2016 Current History: 20-9-102, MCA; IMP, 20-10-147, MCA; NEW, 1992 MAR p. 209, Eff. 2/14/92; AMD, 1998 MAR p. 1719, Eff. 6/26/98; AMD, 2000 MAR p. 632, Eff. 2/25/00; AMD, 2006 MAR p. 3070, Eff. 12/22/06; AMD, 2016 MAR p. 880, Eff. 5/21/16.
12/22/2006 5/21/2016 History: 20-9-102, MCA; IMP, 20-10-147, MCA; NEW, 1992 MAR p. 209, Eff. 2/14/92; AMD, 1998 MAR p. 1719, Eff. 6/26/98; AMD, 2000 MAR p. 632, Eff. 2/25/00; AMD, 2006 MAR p. 3070, Eff. 12/22/06.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security