A public agency entering into an agreement under this chapter under which a joint or cooperative undertaking is established or an interlocal entity is created may:
(1) appropriate funds to the joint or cooperative undertaking or interlocal entity;
(2) sell, lease, give, or otherwise supply tangible and intangible property to the joint or cooperative undertaking or interlocal entity; and
(3) provide personnel or services for the joint or cooperative undertaking or interlocal entity as may be within its legal power to furnish.