(A) This section applies to a school district that meets both of the following conditions:

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(1) An academic distress commission was established for the district in 2013 by the superintendent of public instruction under former section 3302.10 of the Revised Code, as it existed prior to October 15, 2015;

(2) A new academic distress commission was established for the district by the state superintendent under division (A)(2) of section 3302.10 of the Revised Code.

(B) Notwithstanding anything to the contrary in the Revised Code, any academic distress commission established under section 3302.10 of the Revised Code and academic improvement plan established under section 3302.103 of the Revised Code for a school district to which this section applies shall be dissolved immediately on the effective date of this section, and the chief executive officer shall relinquish management and control of the school district to the district board of education and the district superintendent.