Section 54Sec./Art. 54

Provincial Obligations, Debts and Assets. -Following the plebiscite and creation of the provinces, obligations, debts and assets of all kinds of the present Province of Maguindanao shall be shared or paid equally by the provinces of Maguindanao del Norte and Maguindanao del Sur.

Transitory projects and activities, such as land acquisition, office building construction, furnishing of offices, purchase of furniture, fixture and equipment; assignment of present properties; assignment of employees, hiring of new personnel, education and training of officials, employees and personnel; and all other projects and activities that will ensure the full and complete management, operations and service delivery of the provinces upon the commencement of their corporate existence, shall be financed by the present Province of Maguindanao.