Edward D. Hall, 23, was released on $250 bond yesterday on a reckless driving charge stemming from an accident Tuesday in which the Fairfax County school bus he was driving collided with a maintenance truck and plunged down an embankment in Great Falls.

Hall, of 1450 Q St. NW, was released from Fairfax Hospital just before his appearance before a county magistrate. He was ordered to appear in Traffic Court on Dec. 17.

Hall's D.C. driver's license was suspended in 1984 after District authorities were notified by Maryland officials that he had failed to pay $290 in fines on charges of driving a motorcycle without proper eye protection and without a motorcycle permit.

Clarence H. Bradbery, the manager of driver licensing for the Virginia Motor Vehicles Department, said yesterday that Hall holds a valid Virginia license to drive pleasure vehicles and school buses.

Fairfax County police are investigating whether Hall made false statements on his Virginia license application, which asks if the applicant's license has been suspended or revoked in the past 10 years. If Hall made a false statement, the license would be invalid, police said. Bradbery would not comment on whether the state also is investigating.

Fairfax police spokesman Warren Carmichael said a police check of the bus found it was in good mechanical condition before the crash.

Hall and two children suffered major injuries in the crash. The children, Ryan Meister, 12, of Great Falls and Danny Emery, 11, of McLean, were reported in fair condition yesterday at Fairfax Hospital.