Any instrumentality jointly created by this State and other state or states is hereby authorized, to the extent that this State may confer authority, upon the granting of like authority by such other state or states:
(a) To enter into an agreement with the Secretary of Health, Education and Welfare of the United States, whereby the benefits of the Federal Old Age and Survivors’ Insurance System shall be extended to the employees of such instrumentalities.
(b) To require its employees to pay (and for that purpose to deduct from their wages), the employee contributions for old age and survivors’ insurance.
(c) To make payments to the Secretary of the Treasury of the United States in accordance with such agreement including payment from its own funds and otherwise to comply with such agreement.
(Added by Stats. 1959, Ch. 1670.)