Section 7-11-105 - Detailed contents of interlocal agreements(1) The contract authorized by 7-11-104 must specify the following: (b) the precise organization, composition, and nature of any separate legal entity created by the contract;(c) the purpose or purposes of the interlocal contract;(d) the manner of financing the joint or cooperative undertaking and establishing and maintaining a budget for the undertaking;(e) the permissible method or methods to be employed in accomplishing the partial or complete termination of the agreement and, if applicable, for disposing of property upon a partial or complete termination;(f) provision for an administrator or a joint board responsible for administering the joint or cooperative undertaking, including representation of the contracting parties on the joint board;(g) if applicable, the manner of acquiring, holding, and disposing of real and personal property used in the joint or cooperative undertaking;(h) the contracting party responsible for reports and payment of retirement system contributions pursuant to 19-2-506;(i) if applicable, the manner of sharing the employment of a teacher or specialist under 20-4-201, a superintendent under 20-4-401, or a professional person licensed under Title 37; and(j) any other necessary and proper matters.(2) An agreement authorized by 7-11-104 between a city or town and a county that governs the adoption and enforcement of municipal zoning or subdivision regulations beyond the boundaries of a municipality pursuant to 76-2-310 and 76-2-311 may not exceed a term of 5 years, at which time both parties may mutually agree to renew the agreement.Amended by Laws 2021, Ch. 81,Sec. 1, eff. 10/1/2021.En. Sec. 4, Ch. 82, L. 1967; R.C.M. 1947, 16-4904(1) thru (8); amd. Sec. 3, Ch. 99, L. 2001; amd. Sec. 2, Ch. 318, L. 2001.