15-963. Capital transportation adjustment for small school districts

A. A school district may apply to the state board of education for a capital transportation adjustment for the purchase of a transportation vehicle if the district meets all of the following requirements:

1. Has a student count of fewer than six hundred in kindergarten programs and grades one through twelve.

2. Transports as eligible students at least one-third of the total student count of the school district.

3. Has an approved daily route mileage per eligible student transported of more than 1.0, computed as prescribed in section 15-945, subsection A, paragraph 4.

B. If a school district receives a capital transportation adjustment as provided in this section, district additional assistance for that district shall be equal to district additional assistance determined as prescribed in section 15-961 plus any additional amount approved by the state board of education.

C. The state board of education may grant a capital transportation adjustment to a school district which meets the qualifications prescribed in subsection A of this section, except that the total amount of all additional amounts approved as capital transportation adjustments for all school districts for a fiscal year shall not exceed twenty per cent of the total amount which a county may budget for that fiscal year in all small district service program funds as provided in section 15-365, subsection F.