[§389-12]  Collaboration and cooperation; intergovernmental; interstate.  (a)  The board may enter into an intergovernmental agreement or memorandum of understanding with the State or any agency of the State to receive outreach, technical assistance, enforcement and compliance services, or collection or dissemination of information pertinent to the program, subject to a confidentiality agreement deemed appropriate by the board and other agencies of the State.

     (b)  The State and any department, board, commission, or agency that enter into an agreement or memorandum of understanding pursuant to this section shall collaborate to provide the outreach, assistance, information, and compliance or other services or assistance to the board.  Memoranda of understanding executed pursuant to this section may cover the sharing of costs incurred in gathering and disseminating information and the reimbursement of costs for any enforcement activities or assistance.

     (c)  The board may enter into a contract, agreement, memorandum of understanding, or other arrangement to collaborate, cooperate, coordinate, contract, or combine resources, investments, or administrative functions with other governmental entities, including other states or any of their agencies or instrumentalities that maintain or are establishing retirement savings programs compatible with the program, including collective, common, or pooled investments with other funds of other states' programs with which the assets of the program and trust are permitted by law to be collectively invested, to the extent necessary or desirable for the effective and efficient design, administration, and implementation of the program consistent with the purposes set forth in this chapter, including the purpose of achieving economies of scale and other efficiencies designed to minimize costs for the program and its participants. [L 2022, c 296, pt of §2]