(1) On July 1, 2003, all property and other rights, claims, and assets of the Quapaw Technical Institute are transferred to National Park College.
(2) On July 1, 2003, all obligations of the Quapaw Technical Institute become obligations of National Park College.
(3) On July 1, 2003, all records, personnel, property, unexpended balances of appropriations and funds, and all legal authority will transfer from the Quapaw Technical Institute to National Park College.
(4) All cash fund balances of Quapaw Technical Institute transferred to National Park College shall be used for the operation, support, and improvement of occupational, vocational, technical, and work force development programs of National Park College.