Section 8Sec./Art. 8

Assets, Liabilities and Personnel. - All fixed and movable assets, personnel, records and documents of the integrated institutions composed of the Baguio City School of Arts and Trades, the TESDA Regional Training Center-Baguio, the TESDA Provincial Training Centers in Abra, Ifugao, Benguet, Kalinga and Mountain Province, and the LGU-run Provincial Training Center in Apayao, as well as their liabilities or obligations shall be transferred to the Institute: Provided, That the positions, rights and security of tenure of faculty and personnel therein employed pursuant to existing laws prior to their merger into the Institute shall not be impaired in the new organizational structure and staffing pattern of the Institute.

All parcels of land belonging to the government occupied respectively by the above-captioned institutions are hereby declared property of the Institute and shall be titled under that name: Provided, That, should the Institute cease to exist or such aforementioned parcels of land be no longer needed by the Institute, the same shall revert to the respective individual institutions before their merger or integration under this Act, or to their respective LGUs.