Requires shared service agreements to include certain provisions.

This bill requires local governments entering shared service agreements (between municipalities or other local units) to include specific provisions in their contracts. Key requirements include: clear performance evaluation criteria, procedures for adjusting costs over time, alternative dispute resolution methods, and formal exit procedures for ending agreements. It applies directly to municipalities and other local governments forming shared service arrangements, ensuring agreements address potential issues upfront. The bill does not create new services but mandates standardized terms to improve transparency and accountability in existing cooperative arrangements.