So nowadays you can find a decent laptop for cheap, most of these laptops come with Intel HD 4000.
I own an ASUS X550CA (i5) and tested Bully out. (Video uploading soon)
Time for a brief report when playing Bully on Intel HD 4000:
My specs:
Intel Core i5-3337U @ 1.8GHz (OC'd to 2.2GHz)
4GB RAM
Intel HD Graphics 4000
Windows 8.1 (x64)
My settings:
Resolution: 1360 x 768
Anti Aliasing: OFF
Vertical Sync: OFF
Shadows: OFF
As seen in the upcoming video, I did use mods, I did NOT use any mods like FPS increaser, just simple mods that let the Clique leaders roam around Bullworth and disable Prefects at Bullworth Academy and every no clique will fight (even the girls) and the Bully.exe patch.
Anyway: FPS
Without Fraps:
Max FPS: 60
Average FPS: 40 - 60
Lowest FPS: 30
With Fraps:
Max FPS: 40
Average: 30
Lowest: 20
Bully hasn't had the best PC port ever. As much as I love it, I find the PC version to have a ton of jittery frame rates, especially when exiting a building you can see the FPS decrease.
Is it playable?
Yes. Bully is very much playable on Intel HD 4000 once you have applied the 1.2 patch from Rockstar.
Any issues?
If you don't apply the 1.2 patch, you may experience memory leaks and the game will go into endless loading after meeting Dr. Crabblesnitch, HOWEVER, this is NOT an issue with the Intel HD series, it's an issue with Bully's rather bad PC port, which was fixed in the 1.2 patch, once you've applied that, it'll work beautifully.
So if you want to play Bully and have a laptop like mine, Bully will work beautifully on those settings.
If you have Intel HD 3000/2000 the game will still work, however the FPS will most likely be slightly worse than mine.
If you have Intel HD 4400+ there is a high chance the FPS will be higher than mine.
EDIT: Video
Bully Scholarship Edition On Intel HD Graphics 4000https://www.youtube.com/watch?v=hnBGRipvfpY&feature=youtu.be