Section 19Sec./Art. 19

Assets, Liabilities and Personnel. - All assets, real and personal, personnel and records of the NMSCST, 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 NMSCST, including its extension campuses, are hereby transferred to the University, and shall be titled under that name: Provided, That should the University cease to exist or be abolished or should such aforementioned parcels of land be no longer needed by the University, the same shall revert to the LGUs concerned.