Upon a postsecondary technical school’s conversion to state management, any unexpended nonstate funds that have been collected by, appropriated for, or otherwise earmarked for use by said postsecondary technical school operated by a local board of education or an area board shall remain with that school until expended for the intended purpose. (Code 1981, § 20-4-23, enacted by Ga. L. 1988, p. 1252, § 2.)