The following requirements shall be included in any agreement entered into between a school district and a publicly owned transit system under which the school district grants the use of any schoolbus that is owned or leased by it to the transit system for public transportation purposes:
(a) All schoolbus warning lights and exterior lettering or signs that identify the bus as a schoolbus are covered or removed during operation by the transit system.
(b) Mechanical condition of a schoolbus during operation by the transit system is maintained so as to meet or exceed those regulations adopted by the State Board of Education pursuant to Section 39831 governing the operation of schoolbuses.
(c) Accurate records are maintained that reflect the actual number of miles any schoolbus is driven during times of operation by the transit system.
(Added by Stats. 1999, Ch. 646, Sec. 14. Effective January 1, 2000.)