Indiana Code Title 21. Higher Education § 21-35-7-4

(1) enter into agreements concerning and to acquire by:

land or interests in land and personal property needed for the purposes of this chapter;

(2) purchase, lease as lessee or lessor, construct, remodel, rebuild, enlarge, or substantially improve property;

(3) enter into financing agreements, including leasing land or property to users or developers, subject to this chapter;  and

(4) enter into agreements with users or developers to allow users or developers to wholly or partially construct and manage property.