(1) This section applies to a first class school district only if the question under section 410 is not approved in the first class school district.

    (2) The first class school district board shall perform the following functions:

    (a) Central purchasing.

    (b) Payroll.

    (c) Employment, discharge, assignment, and promotion of teachers and other employees of the district.

    (d) Contract negotiations for all employees, subject to 1947 PA 336, MCL 423.201 to 423.217, and subject to bargaining certification and the collective bargaining agreement pertaining to affected employees.

    (e) Property management and maintenance and the use of educational facilities.

    (f) Bonding.

    (g) Special education programs.

    (h) Allocation of funds for capital outlay and operations.

    (i) Determination of the curriculum and the establishment of educational and testing programs.

    (j) Adoption of a budget.

    (3) All powers and duties formerly vested in the regional boards are transferred to the first class school district board.