Bet they would have a hell of a time finding a jury who would convict him. It also would be the death of a career for a prosecutor to take this one on.
A man who steals a school bus to save the lives of a busload of people, even if he could get indicted (not bloody likely) would have a built-in defense. You wouldn't need to resort to jury nullification.
Finally, even if there weren't legal issues with a prosecution of this kid, and even if we assume that it would be just to prosecute this kid, the simple fact of the matter is that the New Orleans District Attorney's office has its hands full with really bad criminals. A kid who stole a bus in order to get people out of a dying city is just not going to be a high priority for prosecution.