(a) The agreement authorized by W.S. 19-13-203 shall specify the following:
(i) The purpose of the agreement;
(ii) The precise organization, composition and nature of any separate legal entity created by the agreement;
(iii) The duration of the agreement;
(iv) The manner of financing the agreement and establishing and maintaining a budget therefor;
(v) Provision for administering the agreement;
(vi) The exact chain of command or delegation of authority to be followed by party emergency services acting under the provisions of the agreement;
(vii) The manner of acquiring, holding and disposing of real and personal property used in the agreement;
(viii) The method to be employed in accomplishing the partial or complete termination of the agreement and for disposing of property upon partial or complete termination; and (ix) The nature, extent and amount of insurance coverage for acts or omissions and delineation of each party's responsibility for that coverage.