Requirements for agreements for joint or cooperative action

(1) Each agreement under Section 11-13-202, 11-13-203, 11-13-205, or 63N-23-901 shall specify: (a) the agreement's duration; (b) if the agreement creates an interlocal entity: (i) the precise organization, composition, and nature of the interlocal entity; (ii) the powers delegated to the interlocal entity; (iii) the manner in which the interlocal entity is to be governed; and (iv) subject to Subsection (2), the manner in which the members of the governing board are to be appointed or selected; (c) the agreement's purpose or purposes; (d) the manner of financing the joint or cooperative action and of establishing and maintaining a budget for it; (e) the permissible method or methods to be employed in accomplishing the partial or complete termination of the agreement and for disposing of property upon such partial or complete termination; (f) the process, conditions, and terms for withdrawal of a participating public agency from the interlocal entity or the joint or cooperative undertaking; (g) (i) whether voting is based upon one vote per member or weighted; and (ii) if weighted voting is allowed, the basis upon which the vote weight will be determined; and (h) any other necessary and proper matters. (2) Each agreement under Section 11-13-203 or 11-13-205 that creates an interlocal entity shall require that Utah public agencies that are parties to the agreement have the right to appoint or select members of the interlocal entity's governing board with a majority of the voting power.