(1) A draft of a new or amended interlocal agreement shall be submitted to the Superintendent of Public Instruction for initial review and comment on or before January 1. In order for the new or amended agreement to be effective for the ensuing fiscal year, upon completion of initial review and comment by the Superintendent, the agreement shall be submitted to the Attorney General. Within ten days of the Attorney General's approval, the agreement shall be submitted to the Superintendent for final approval. Upon final approval, the cooperative contract shall be filed with the county Clerk and Recorder of the county or counties in which the school districts involved are located and with the Secretary of State.