Section 16-1-105 - Joint agreements(a) Any two (2) or more agencies may enter into agreements with each other for joint or cooperative action pursuant to this act. No agreement hereunder nor amendment thereto is effective until: (i) The governing body of each participating agency has approved the agreement or amendment; (ii) The agreement or amendment is submitted to and approved by the Wyoming attorney general who shall determine whether the agreement or amendment is compatible with the laws and constitution of Wyoming; and (iii) The agreement or amendment is filed with the keeper of records of each participating agency. (b) Agreements shall provide: (i) The duration of the agreement; (ii) The organization, composition and nature of any separate legal entity created and the powers delegated to the entity; (iii) The purpose of the agreement; (iv) The percent ownership of any facility by each participating agency, unless the facility is to be owned by a joint powers board, in which case the agreement shall indicate the interest of each participating agency in the services or product of the joint powers board or the method by which the interest may be determined; (v) The joint operation and maintenance of any facility unless delegated to an entity pursuant to paragraph (ii) of this subsection; (vi) The manner of financing the joint or cooperative undertaking and of establishing and maintaining a budget therefor; (vii) The partial or complete termination of the agreement, dissolution of any entity provided therein, and distribution of any facilities, improvements or other property upon partial or complete termination of the agreement; (viii) Any other necessary and proper matters. (c) If the agreement does not establish a separate legal entity to conduct the joint or cooperative undertaking, the agreement may provide for an administrator or administrative board responsible for administering the joint or cooperative undertaking and representation of participating agencies on any administrative board.