§ 11-13-207. Additional requirements for agreement not establishing interlocal entity.

(1) If an agreement under Section 11-13-202 or 63N-23-901 does not establish an interlocal entity to conduct the joint or cooperative undertaking, the agreement shall, in addition to the items specified in Section 11-13-206, provide for: (a) the joint or cooperative undertaking to be administered by: (i) an administrator; or (ii) a joint board with representation from the public agencies that are parties to the agreement; (b) the manner of acquiring, holding, and disposing of real and personal property used in the joint or cooperative undertaking; (c) the functions to be performed by the joint or cooperative undertaking; and (d) the powers of the joint administrator. (2) The creation, operation, governance, and fiscal procedures of a joint or cooperative undertaking are governed by this chapter.