Indiana Code Title 21. Higher Education § 21-24-2.1-4

(1) list or otherwise describe all assets to be transferred to the university board under subsection (a);

(2) delineate the means of the transfers described in subsection (a), either by deed, bill of sale, or other appropriate conveyance;

(3) delineate the required timing for each transfer described in subsection (a);

(4) list or otherwise describe all obligations to be assumed by the university and the means and procedures for providing for payment and satisfaction of each obligation by the university;

(5) provide for the joint use contracts described in section 5(d) of this chapter;

(6) provide for indemnification of the ISU board by the university board, as necessary or appropriate, in regard to any liabilities of the ISU board assumed by the university board;  and

(7) provide for any other matters that are necessary and consistent with P.L.218-1985.