(1) The technical college established herein shall be subject to the same restrictions and enjoy the same privileges as any other technical college created under the chapter establishing the Arkansas Technical and Community College System.
(2) The President of the College of The Ouachitas and all other personnel employed by the school shall enjoy the same rights and privileges as personnel employed by state-supported postsecondary vocational-technical schools transferred to the Arkansas Technical and Community College System under the act establishing such system.