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(a) Until the institution elects to become a community college, the institution shall be known as a technical college.
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(b) The technical college shall work to achieve higher education institutional accreditation from an accrediting agency recognized by the United States Department of Education.
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(c) Upon the appointment of the local board, all records, personnel, property, unexpended balances of appropriations, allocations, or other funds of the state-supported postsecondary vocational-technical institution shall be transferred to the local board.
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(d) The local board shall be responsible for the administration and operation of the institution and shall be further responsible for the provision of services to meet the two-year postsecondary educational needs of those citizens located within the service area assigned the institution by the Arkansas Higher Education Coordinating Board.
