(b) For each Type I school vehicle, the annual registration fee is:

(1) If the vehicle is a school bus only operated for the transportation of children, students, or teachers for educational purposes or in connection with a school activity or, with approval from a board of education in any county, to provide transportation for persons 60 years of age or older to civic, educational, social, or recreational activities – $51.00; and

(2) If the vehicle is a school bus charter operated for any purpose in addition to that specified in item (1) of this subsection – $150.00, less any amount paid under item (1) of this subsection.

(c) For each Type II school vehicle, the annual registration fee is $51.00.