Section 17Sec./Art. 17

Assets, Liabilities and Personnel. All assets, real and personal, personnel and records of the Camarines Sur Polytechnic College Naga City Campus (formerly Bicol College of Arts and Trades), as well as liabilities or obligations, are hereby transferred to the Bicol State College of Applied Sciences and Technology (BISCAST). The positions, rights and security of tenure of faculty members and personnel therein employed under existing laws prior to the conversion into a state college shall be respected.

Specific parcels of land belonging to the provincial government of Camarines Sur and occupied by the Camarines Sur Polytechnic College Naga City Campus (formerly Bicol College of Arts and Trades), are hereby declared to be property of the BISCAST and shall be titled under that name: Provided, That should the College cease to exist or be abolished or should such parcels of land aforementioned be no longer needed by the College, the same shall revert to the provincial government of Camarines Sur.