Relates to the period of probable usefulness of zero-emission school buses

This bill reduces the standard period of probable usefulness for zero-emission school buses from twelve years to eight years. The change directly affects school districts, boards of cooperative educational services, and county vocational education boards by altering how long these vehicles are counted for financial and leasing purposes. Specifically, the legislation shortens the maximum lease term for these buses and adjusts the timeframe used to calculate state aid for capital expenses related to their purchase or lease. Additionally, it updates the assumed amortization period for debt service associated with zero-emission buses and related infrastructure like charging stations.