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Legal Resources | Title 5 |  T5  15342  

Maximum Allowance for Capital Outlay.   

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The maximum allowance for capital outlay expense shah be the lesser of the following:

(a) The actual cost of the bus or buses required.

(b) An amount determined by dividing the number of pupils requiring transportation by the capacity of the bus plus 25 percent, multiplied by the actual cost of the bus.