Okla. Stat. tit. 70, § 70-5-117b

A. The boards of education of any two or more school districts

may enter into an interlocal cooperative agreement for the purpose

of jointly and comparatively performing any of the services, duties,

functions, activities, obligations, or responsibilities which are

authorized or required by law to be performed by school districts of

this state. Two or more school districts may enter into an

interlocal cooperative agreement for the purpose of forming buying

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pools and purchasing cooperatives. As used in this section,

“interlocal cooperative agreement” means an agreement which is

entered into by the boards of education of two or more school

districts pursuant to the provisions of this section. This section

shall not prohibit school districts from entering into cooperative

agreements authorized under Section 5-117 of this title or interfere

with existing cooperative agreements between school districts. If

the boards of education of any two or more school districts enter

into an interlocal cooperative agreement the following conditions

may apply:

1. An interlocal cooperative agreement shall establish a board

of directors which shall be responsible for administering the joint

or cooperative undertaking. The agreement shall specify the

organization, terms, and composition of, and manner of appointment

to, the board of directors and shall make provision for

restructuring or terminating the board upon partial or complete

termination of the agreement. The board of directors shall be

selected by the board of education of each contracting school

district and may include but not be limited to a board member,

administrator, or teacher from each contracting school district.

Vacancies in the membership of the board of directors shall be

filled within thirty (30) days from the date of the vacancy in the

manner specified in the agreement. Provided, however, an interlocal

cooperative agreement entered into pursuant to this act for the

purpose of providing insurance for Oklahoma educational institutions

shall maintain at least one of each of the following positions on

the board of directors:

a. an individual who is a member of the American Academy

of Actuaries, and

b. an individual with more than ten (10) years of

professional experience in property and casualty

insurance;

2. An interlocal cooperative agreement which is optional to

school districts and shall be effective only after it is approved by

the State Board of Education and the board of directors may be

designated as a local education agency for some or all state and

federal application, reporting, and auditing procedures. An

interlocal cooperative board of directors that has been designated

as a local education agency shall comply with state and federal law

and the regulations of the State Board of Education;

3. An interlocal cooperative agreement shall be subject to

change or termination by a recommendation of the State Board of

Education;

4. The duration of an interlocal cooperative agreement for

joint or cooperative action in performing any of the services,

duties, functions, activities, obligations, or responsibilities,

other than the provision of special education services, which are

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authorized or required by law of school districts in this state,

shall be for a term of not less than one (1) year. Notice of intent

of a school district to withdraw from the cooperative agreement must

be given no later than March 15 for the ensuing school year;

5. An interlocal cooperative agreement shall specify the method

or methods to be employed for disposing of property upon partial or

complete termination of the agreement;

6. Within the limitations provided by law, an interlocal

cooperative agreement may be changed or modified by majority consent

of the interlocal cooperative board of directors;
ater than March 15 for the ensuing school year;

5. An interlocal cooperative agreement shall specify the method

or methods to be employed for disposing of property upon partial or

complete termination of the agreement;

6. Within the limitations provided by law, an interlocal

cooperative agreement may be changed or modified by majority consent

of the interlocal cooperative board of directors;

7. Except as otherwise specifically provided in this section,

any powers, privileges, or authority exercised or capable of being

exercised by any school district of this state, or by any board of

education thereof, may be jointly exercised pursuant to the

provisions of an interlocal cooperative agreement. Federal grant

money, applied for on behalf of a school district, may be disbursed

directly to an interlocal cooperative with the consent of the school

districts comprising the interlocal cooperative. No powers,

privileges, or authority with respect to the levy and collection of

taxes or the application for or receipt of State Aid formula money,

or the issuance of bonds shall be created or effectuated for joint

exercise pursuant to the provisions of an interlocal cooperative

agreement; and

8. Payments from the general fund of each school district which

enters into any interlocal cooperative agreement for the purpose of

financing the joint or cooperative undertaking provided for by the

agreement shall be operating expenses.

B. Nothing contained in this section shall be construed to

abrogate, interfere with, impair, qualify, or affect in any manner

the exercise and enjoyment of all the powers, privileges, and

authority conferred upon school districts and boards of education by

law, except that boards of education and school districts are

required to comply with the provisions of this section when entering

into an interlocal cooperative agreement that meets the definition

of an interlocal cooperative agreement.