Assets, Liabilities and Personnel.
Section 18
SEC. 18. Assets, Liabilities and Personnel. – All assets, real and personal, personnel and records of the BASC as well as its liabilities or obligations, are hereby transferred to the BSAU: Provided, That the positions, rights and security of tenure of faculty members and personnel therein employed under existing law prior to the conversion into a university shall be respected: Provided, further, That the incumbents occupying the positions shall remain in the same status until otherwise provided for by the Board: Provided, finally, That the BSAU shall also accordingly upgrade or increase its human resources component as may be deemed appropriate by the Board. All parcels of land belonging to the government to be occupied by the BASC and all its campuses are hereby declared to be the property of the BSAU, and shall be titled under its name: Provided, That should the BSAU cease to exist or be abolished or should such aforementioned parcels of land be no longer needed by the BSAU, the same shall revert to the concerned LGU or to the Republic of the Philippines, as the case may be.