1-24-5. Provisions for control agency and property.
90 words·~1 min read·
/sd/title-1/chapter-1-24/1-24-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.