20-7-452 . Detailed contents of full service education cooperative contracts. The contract authorized in 20-7-451 may include all necessary and proper matters but must specify the following: (1) its duration, which may not be less than 3 years for purposes of providing special education services; (2) the precise organization, composition, and nature of the cooperative; (3) the purpose of the cooperative; (4) the manner of financing the cooperative and establishing and maintaining a budget for the cooperative; (5) the permissible method to be employed in accomplishing the partial or complete termination of the cooperative agreement and for disposing of property upon partial or complete termination; (6) provision for a management board that is responsible for administering the cooperative and that is comprised of trustees of the contracting districts or their authorized representatives; (7) the manner of acquiring, holding, and disposing of real and personal property used by the cooperative; (8) any other necessary and proper matters.
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