Contracts or agreements under ORS 477.406 may provide, among other things, for any or all of the parties to do any one or more of the following:
(1) Exchange services on a cooperative basis.
(2) Provide services, supplies and equipment in return for cash payment or other compensation.
(3) Loan or lease equipment.
(4) Subcontract obligations. [1967 c.429 §26; 1993 c.415 §2]