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

This bill shortens the standard period for calculating the useful life of 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 they lease these vehicles and calculate state aid for transportation costs. Specifically, the bill reduces the maximum lease term for these buses to eight years and adjusts the timeframe used to determine eligible capital expenses and debt service payments. Additionally, it updates the useful life calculation for municipal transit vehicles in certain large cities to align with the new eight-year standard.