(a) Each board of trustees of cooperative educational services may: (i) Hold, convey, lease, rent and manage property; (ii) Except as provided by paragraph (a)(iii) of this section, contract for educational and related services with any other agency; (iii) Contract for post secondary education services with any accredited Wyoming college or the University of Wyoming or if services are unavailable in Wyoming, with an accredited college or university outside of Wyoming; (iv) Accept or reject any federal or other gift, grant, bequest or devise; (v) Discharge any employee; (vi) Employ any personnel needed to perform the services for which the board of cooperative services is formed; (vii) Receive and spend funds and provide for the necessary expenses of the board incurred in the exercise of its powers and performance of its duties; (viii) Require any employee responsible for funds or property of the board to be bonded under suitable bond indemnifying the board against loss, for an amount and of a type determined by the board; (ix) Provide insurance under the state employees' and officials' group insurance plan pursuant to W.S. 9-3-201(e), for board employees meeting the definition of employee under W.S. 9-3-203(a)(iv), as provided by W.S. 9-3-202 through 9-3-218. Each participating board of cooperative educational services shall report to the department of administration and information as specified by W.S. 9-3-201(e) and make payments for employer and employee contributions as provided by W.S. 9-3-210 and
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