Section 200-RICR-20-05-5.3 - Articles of Agreement - RequirementsA. All Articles of Agreement for cooperative service arrangements shall contain the following specifications in order to be considered for approval by the Commissioner of Education as a valid cooperative, and further to be eligible for both technical and financial assistance1. A listing of the school districts that plan to participate in the cooperative, and the designated name of the cooperative; 2. A statement of the purpose(s) of the cooperative;3. A description of the proposed governance and organizational / structure for the cooperative and an explanation of the method by which representation of each participating school district on the governing board will be selected;4. A description of the procedures by which local capital and operating costs of the cooperative are allocated among the participating school districts (fiscal records must be maintained in accordance with the Board of Regents accounting standards);5. A description of the procedures for the disposition of acquired property, other assets and all outstanding liabilities upon either withdrawal of districts or the final dissolution of the cooperative;6. A description of the procedures by which individuals will be hired and terminated;7. A description of the procedures by which the agreement may be amended, the provision for the admittance of additional districts, and the provision by which districts may withdraw from participation in specific programs and/or the entire cooperative operation.8. Articles of Agreement shall be submitted to the Commissioner of Education, signed and dated by the Chairperson of each participating school committee certifying its vote of approval of the Articles of Agreement.9. The following data is required In addition to the Articles of Agreement: a. Current enrollments of the participating districts;b. Projected enrollments of the participating districts for the ensuing five years;c. Services and/or programs to be offered upon implementation of the cooperative and the populations to be affected.200 R.I. Code R. 200-RICR-20-05-5.3