1. Subject to any contractual provisions between the county school districts, including, without limitation, a compact entered into pursuant to NRS 387.563 , if applicable, such county school districts hereby are jointly and severally authorized and empowered to: (a) Operate and maintain the facility or project upon its completion; (b) Extend, better, alter, reconstruct, repair and otherwise improve the facility or project; (c) Equip and reequip the facility or project; (d) Sell, lease, exchange, transfer, assign or otherwise dispose of property pertaining to the facility or project which no longer is necessary or desirable for use in connection therewith; (e) Insure or provide for public liability insurance, property damage insurance and other insurance for the facility or project, or any part thereof, or any activity in connection therewith, against such risks and hazards as either or both county school districts may deem advisable; (f) Receive, control, invest and order the expenditure of any money pertaining to the facility or project; (g) Arrange or contract for the furnishing by any person or agency, public or private, of services, privileges, works or facilities for, or in connection with, the facility, and to assign, reassign and transfer any personnel of either county school district for the performance of duties in connection with the facility or project; (h) Make available for temporary use or otherwise dispose of any machinery, equipment, facilities and other property for the facility or project; (i) Make and keep records in connection with the facility or project; (j) Arbitrate any differences arising in connection with the facility or project; (k) Commence, defend, conduct, terminate by settlement or otherwise, and otherwise participate in any litigation or other court, judicial or quasi-judicial action, by suit, action, mandamus or other proceedings, concerning the facility or project; (l) Use for or in connection with the facility or project money, land and other real and personal property legally available therefor of either county school district not originally acquired therefor; (m) Levy and collect from year to year for use for or in connection with the facility or project general (ad valorem) property taxes in the manner provided by law, including, without limitation, the payment of indebtedness incurred therefor; (n) Budget and appropriate, and each county school district is hereby required and directed to budget and appropriate, from time to time, general (ad valorem) tax proceeds and other revenues legally available therefor to pay all obligations arising from the exercise of any powers herein granted as such obligations shall accrue and become due; (o) Make contracts and execute all instruments necessary or convenient, including, without limitation, contracts with the Federal Government and the State; (p) Acquire any construction work, improvement or improvements of any nature in connection with the facility or project in the manner provided by law; (q) Prescribe and enforce reasonable rules and regulations for the use of the facility or project; (r) Provide for an agency, by any agreement authorized in NRS 387.531 to 387.591 , inclusive, to administer or execute that or any collateral agreement, which agency may be one of the parties to the agreement, or an advisory council, a commission or a board constituted pursuant to the agreement; (s) Provide that any such agency shall possess the common power specified in the agreement, and may exercise it in the manner or according to the method provided in the agreement, but such power is subject to the restrictions upon the manner of exercising the power of any one of the contracting parties as designated by the agreement; (t) Continue any agreement herein authorized for a definite term not exceeding 50 years, or until rescinded or terminated, which agreement may provide for the method by which it may be rescinded or terminated by any party; (u) Exercise all or any part or combination of the powers herein granted; and (v) Do and perform any and all other acts and things necessary, convenient, desirable or appropriate to carry out the provisions of NRS 387.531 to 387.591 , inclusive, and to have and exercise all rights and powers necessary or incidental to or implied from the specific powers granted in NRS 387.531 to 387.591 , inclusive. 2. The specific powers in subsection 1 must not be considered as a limitation upon any power necessary, convenient, desirable or appropriate to carry out the purposes and intent of NRS 387.531 to 387.591 , inclusive.
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