Section 1-24-5 - Provisions for control agency and property

1-24-5. Provisions for control agency and property.In the event that the agreement does not establish a separate legal entity to conduct the joint or cooperative undertaking, the agreement shall, in addition to the items enumerated in §1-24-4, contain the following:(1)Provision for an administrator or a joint board responsible for administering the joint or cooperative undertaking. In the case of a joint board public agencies party to the agreement shall be represented; and(2)The manner of acquiring, holding, and disposing of real and personal property used in the joint or cooperative undertaking. Source: SL 1966, ch 187, §5.