(a) The Marshall T. Nave Paramedical School located in Elizabethton, under the governance of the state board of education, which includes the school's facilities, funds, assets, properties and liabilities, is transferred to, in order to become a unit of, the East Tennessee State University.
(b) The transfer shall place the paramedical school under the control, direction, and supervision of East Tennessee State University and its state university board.
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