The regional district planning board may recommend that there shall be established a regional school district which may include all the cities or towns represented by its membership, or alternatively, any specified combination of the cities or towns. If the regional district planning board so recommends, it shall submit a proposed agreement or agreements setting forth as to each alternative recommendation, if such be made, the following:
(1) The number, composition, method of selection, and terms of office of the members of the regional district school committee.(2) The cities or towns in which the regional district school or schools are to be located.(3) The type of regional district school or schools and the type of services to be undertaken by the regional school district.(4) The method of apportioning the expenses of the regional school district, and the method of apportioning the costs of school construction, including any interest and retirement of principal of any bonds or other obligations issued by the district among the several cities or towns comprising the district, and the time and manner of payment of the shares of the several cities or towns of the expenses.(5) The method by which school transportation shall be provided, and if transportation is to be furnished by the district, the manner in which the expenses shall be borne by the several cities or towns.(6) The terms by which any city or town may be admitted to or separated from the regional school district.(7) The method by which the agreement may be amended.(8) The detailed procedure for the preparation and adoption of an annual budget.(9) Any other matters, not incompatible with law, which the board may deem advisable.P.L. 1955, ch. 3511, § 3; G.L. 1956, § 16-3-4; G.L. 1956, § 16-3-7; P.L. 1958, ch. 197, § 1; P.L. 1988, ch. 336, § 5.