Section 466. Contents of interlocal agreement

Each interlocal agreement
  shall contain the following:
    1. A statement of the duration  of  the  agreement,  which  shall  not
  exceed forty years, and any other appropriate provisions relating to the
  termination of the agreement.
    2. The purpose or purposes of the agreement.
    3.  Provisions  for  the  payment  by  a  contracting public agency of
  consideration  for   receiving   or   obtaining   services,   personnel,
  facilities,   equipment,   other  property  or  resources  from  another
  contracting public agency or agencies. Such  consideration  shall  be  a
  prorated  share  of  the  cost  of  the services, personnel, facilities,
  equipment, other property or resources furnished or provided. Such  cost
  may  be prorated on the basis of any reasonable formula agreeable to the
  respective contracting public agencies.
    4. Such provisions as may  be  feasible  for  the  indemnification  of
  contracting  public agencies and their officials, officers or employees,
  by means of insurance or  otherwise,  against  any  losses,  damages  or
  liabilities  arising  out  of  the  receiving,  obtaining, furnishing or
  providing of services, personnel, facilities, equipment,  or  any  other
  property or resources pursuant to the interlocal agreement.
    5.  If  the  interlocal  agreement  establishes an interlocal advisory
  board or boards, (a)  provisions  governing  the  nature  and  scope  of
  activities with respect to which the board shall make studies, recommend
  programs  and  policies,  and  give advice; (b) provisions or procedures
  relating to the manner in which such interlocal advisory board or boards
  shall make reports; (c) provisions for the furnishing by one or more  of
  the  contracting  public  agencies of such office space, office or other
  facilities  or  equipment,  supplies  and  professional,  technical   or
  clerical  help as may be required in the work of the interlocal advisory
  board or boards, and provisions for the sharing of the expenses thereof;
  (d) provisions relating to the  payment  or  sharing  of  the  costs  of
  compensation  of members of the interlocal advisory board or boards, and
  reimbursement  for  their  traveling  expenses;  and  (e)   such   other
  provisions   as   may   be   appropriate  and  desirable  governing  the
  establishment, functioning and termination of  the  interlocal  advisory
  board or boards.
    6.  Provisions  governing  the adjudication or settlement of disputes,
  giving  of  notices,  and  any  and  all  other  matters  necessary   or
  appropriate to the performance of the interlocal agreement.