(a)
(1) This subchapter shall govern the merger of Crowley's Ridge Technical Institute and East Arkansas Community College if:
(A) The Board of Directors of Crowley's Ridge Technical Institute votes to merge with East Arkansas Community College;
(B) The Board of Directors of East Arkansas Community College votes to accept the merger; and
(C) The merger is approved under § 6-53-401.
(2)
(A)
(i) When voting to accept a merger under subdivision (a)(1)(B) of this section, the Board of Directors of East Arkansas Community College shall designate a date for the merger to become effective.
(ii) The Board of Directors of East Arkansas Community College shall consult the Board of Directors of Crowley's Ridge Technical Institute in determining the date under subdivision (a)(2)(A)(i) of this section.
(B) If a merger of Crowley's Ridge Technical Institute and East Arkansas Community College is approved under § 6-53-401, the merger shall become effective on the date designated under subdivision (a)(2)(A)(i) of this section.
(b) On the effective date of a merger under subdivision (a)(2) of this section, all statutory authority, powers, duties, functions, records, personnel, property, unexpended balances of appropriations, allocations, or other funds, including the functions of budgeting or purchasing, of Crowley's Ridge Technical Institute shall be transferred to East Arkansas Community College.