New Orleans ? Nevermind a bake sale. The cash-starved New Orleans school district is hoping to sell some of its flooded school buses on eBay.

Some submerged to their roofs in the black flood waters, the yellow school buses were widely photographed in the days after Hurricane Katrina and have become an icon of the city’s devastated school system.

“There’s no shame in it. Not one bit,” said school board president Phyllis Landrieu. “This is a new mechanism for selling things. I think it’s very upbeat what we’re doing.”

Only 23 of 117 Orleans Parish public schools have reopened. They face a $111 million shortfall – about a quarter of the district’s $430 million annual operating budget. The district also has $264 million in outstanding debt, carried over from before Hurricane Katrina.

A total of 85 schools flooded, and wind damaged many more. It took three months for the first public school to reopen. Now, the schools that are holding classes have around 9,500 students, about 15 percent of the 60,000 enrolled before the storm.

The school district plans to put one bus up for sale on eBay this week. If it succeeds, more of the 259 ruined buses will be offered.

“It’s an example of how bad the situation is that we would have to come up with this idea,” said Richard White, a school district spokesman.

Flooded school buses sit in a lot in New Orleans in this Sept. 1, 2005, photo. The New Orleans school district has decided to sell its flooded school buses on eBay.