(A) The commission is responsible for the development and implementation of an adequate vocational and technical training program, which includes, but is not limited to, the following:

(1) a crash program coordinated with our industrial expansion effort, which will provide immediate training for established industries and provide immediate training for particular industries;

(2) technical training programs primarily designed to train high school graduates as technicians for initial employment in industry; and

(3) provide trade extension courses to persons who desire employment in industries and also to those presently employed who wish to improve their skills.

(B) The commission, in carrying out these programs, shall cooperate with all school districts and all county, state, and federal agencies designed to further technical education. The commission may purchase or lease equipment, hire personnel, including a president and instructors, enter into contracts, make regulations, and do other things necessary to carry out the provisions of this act, or to qualify to receive state or federal aid under any present or future statute, policy, or regulation. The commission is considered an operating unit under the general laws governing the lending of funds for capital improvements by the State Educational Finance Commission.

(C) The educational institution created by the commission, in its discretion, may be named Spartanburg Technical College, Spartanburg Community College, or any variation the commission considers appropriate However, for purposes of all provisions of law governing the operation of the institution, it shall be considered a technical college.