(a) Each board of trustees of cooperative educational services shall:
(i) Prescribe and enforce rules, regulations and policies for its own government and for the government of the services and affairs under its jurisdiction which are consistent with the laws of the state;
(ii) Keep minutes of all meetings at which official action is taken and a record of all official acts which are public records;
(iii) Be responsible for such programs and services as shall be provided by joint agreement of the boards of trustees involved in the cooperative educational programs;
(iv) Administer and abide by the terms of the agreement or agreements entered into by the participating districts.