Assets, Liabilities and Personnel.
Section 19
SEC. 19. Assets, Liabilities and Personnel. — All assets, real and personal, personnel and records of the Cebu State College of Science and Technology System, and its satellite campuses, namely: the College of Fisheries in the Municipality of Moalboal, the Agro-industrial and Forestry College in the Municipality of Argao, the Polytechnic College in the Municipality of Tuburan, the College of Fisheries in the Municipality of Daanbantayan, the Fishery and Industrial College in the Municipality of San Francisco, the College of Industrial Technology in the Municipality of Danao, the College of Fisheries Technology in the Municipality of Carmen, the Abellana College of Arts and Trades in the City of Mandaue, the College of Agriculture in the Municipality of Sibonga, as well as liabilities or obligations, are hereby transferred to the University. The positions, rights and security of tenure of faculty members and personnel therein employed under existing laws prior to the conversion into a University shall be respected. All parcels of land belonging to the government occupied by the Cebu State College of Science and Technology System and its satellite campuses are hereby declared to be property of the University, and shall be titled under that name: Provided, That should the University cease to exist or be abolished or should such parcels of land aforementioned be no longer needed by the University, the same shall revert to the LGUs concerned.