| 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. |