The 10-year-old boy is listed in satisfactory condition at Le Bonheur Children's Hospital.
Authorities say the incident occurred Monday when the bullet went through a side window of the South Panola bus. The bus was carrying about 15 students.
Sheriff Dennis Darby says the bullet came from the rifle of a hunter who was in a deer stand in the area. He says the hunter is cooperating with authorities. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.