15-396. Dissolution of district


A. On approval of a majority of the full membership of the joint board or on the
receipt by the joint board of resolutions adopted by the governing boards of the school
districts participating in the joint district, the joint board shall adopt and send to
the state board a resolution requesting the dissolution of the joint district. The
resolution shall state the reasons for the proposed dissolution, set forth a plan for
equitable adjustment, division and disposition of the assets and liabilities of the joint
district and provide that each participating school district will assume its share of the
outstanding indebtedness of the joint district.


B. On approval of the resolution by the state board, the joint district is
dissolved in accordance with the provisions of the resolution.