| A school administrative unit may enter into an agreement with |
another school administrative unit or units to form or intend to |
form a regional school district or regional cooperative and |
otherwise cooperate and participate in the development and |
formation of a regional school district or regional cooperative |
under this chapter or to provide assistance to another school |
administrative unit or units seeking to identify and implement |
means to increase efficiency and lower costs of delivering public |
education services for kindergarten to grade 12.__An agreement |
pursuant to this section must provide that each school |
administrative unit combined to form a regional school district |
retains all its debt obligations that existed on the effective |
date of the agreement. |