Generic freeness of local cohomology and graded specialization

The main focus is the generic freeness of local cohomology modules in a graded setting. The present approach takes place in a quite nonrestrictive setting, by solely assuming that the ground coefficient ring is Noetherian. Under additional assumptions, such as when the latter is reduced or a domain, the outcome turns out to be stronger. One important application of these considerations is to the specialization of rational maps and of symmetric and Rees powers of a module.
Comment: To appear in Transactions of the American Mathematical Society