SENATE BILL NO. 409
AS AMENDED BY HOUSE AMENDMENT NO. 2
AN ACT MAKING A SUPPLEMENTARY APPROPRIATION TO THE STATE BOARD OF EDUCATION FOR THE PURPOSE OF ADJUSTING THE FORMULA FOR REIMBURSEMENT TO THE SCHOOL BUS CONTRACTORS AND THE SCHOOL DISTRICTS FOR THE TRANSPORTATION OF PUBLIC SCHOOL PUPILS DURING THE FISCAL YEAR ENDING JUNE 30, 1974.
WHEREAS, the increasing costs of goods and services are seriously affecting the costs of transporting pupils to school; and
WHEREAS, the school bus contractors and the school districts that operate buses are having to pay increasing costs for the purchase of new buses, for financing, for gas, oil, tires, maintenance, and for storage, and are not now compensated for spare buses or the costs of vandalism; and
WHEREAS, the present transportation reimbursement formula used by the State Board of Education in calculating its request is based on estimates of cost prepared during the preceding year, as is the appropriation provided by the General Assembly in the FY 1974 budget, and is now inadequate to meet current transportation costs;
Be it enacted by the General Assembly of the State of Delaware:
Section 1. The sum of Three Hundred Fifty Thousand Dollars ($350,000) is hereby appropriated to the State Board of Education for the purpose of adjusting the following cost factors: bus allowance, allowance for financing, spare buses, allowance for vandalism, parking and storage, administrative allowance and operating adjustment.
Section 2. The State Board of Education is authorized to make adjustments in the transportation formula by taking into account increases in the various cost factors referred to herein, and including allowances for the cost of spare buses and the cost of vandalism; provided, however, that the total costs of such adjustments do not exceed the sum of $350,000.
Section 3. This act shall be known as a supplementary appropriation act and the funds hereby appropriated shall be paid out of the General Fund of the State from funds not otherwise appropriated.
Section 4. The operating adjustment funds provided for by this bill shall also be applied to school bus contracts not covered by the transportation formula.
Section 5. Any funds hereby appropriated which remain unexpended on June 30, 1974, shall revert to the General Fund of the State.
Approved February 5, 1974.