Title to any property, equipment, tools, furniture or instructional materials purchased prior to the effective date of this section out of the fund provided for area vocational education program funds previously established and existing immediately prior to the effective date of this article shall be transferred to and vested in the West Virginia Board of Education. After the effective date of this article, purchases from funds established in section four shall be vested in the state Board of Education or the board of directors as the case may be.