Section 18Sec./Art. 18

Assets, Liabilities and Personnel. -All assets, real and personal, personnel and records of the BASSC, as well as its liabilities or obligations, are hereby transferred to the BASSU:Provided,That the positions, rights and security of tenure of the faculty members and personnel therein employed under existing laws prior to the conversion to a university shall be respected:Provided, further,That the incumbents of the positions shall remain in the same status until otherwise provided for the Board:Provided, finally,That the BASSU shall also include an upgrade or increase in the human resource component.

All parcels of land belonging to the government occupied by the BASSC are hereby declared to be the property of the BASSU,and shall be titled under its name:Provided,That should the BASSU cease to exist or be abolished or should such aforementioned parcels of land be no longer needed by the BASSU, the same shall revert to the concerned LGU or to the Republic of the Philippines, as the case may be.