(a) Effective July 1, 2025, the division of higher education assistance shall be dissolved. Upon said dissolution and date, all functions, powers, duties, and authority of the division of higher education assistance shall transfer to the office of postsecondary commissioner. (b) On July 1, 2025, the office of postsecondary commissioner shall assume all rights, responsibilities, duties, assets, liabilities, and obligations of the dissolved division of higher education assistance, and the office of postsecondary commissioner shall be considered for all purposes the successor in interest to the division of higher education assistance. (c) All contracts and agreements of whatsoever kind of the division of higher education assistance are hereby assigned, transferred to, and assumed by the office of postsecondary commissioner. (d) Whenever in any general law, public law, or rule or regulation reference is made to “the division of higher education assistance”, the reference shall be deemed to refer to and mean “the office of postsecondary commissioner”, which also may be referred to as the “office”.
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