(a) The Arkansas Higher Education Coordinating Board shall designate the College of The Ouachitas, Malvern, as a technical college which shall become part of the Arkansas Technical and Community College System under the coordination of the board.
(b) This institution shall not have any authority to request the board's approval for associate degree programs before July 1, 1993.
(c) This institution may expand to offer courses of instruction in technical, vocational, and adult education programs and college transfer programs and may, upon a vote of the electorate, create a community college district and, if necessary, impose a millage to convert to a community college.