Section 29Sec./Art. 29

Land Grants and Other Real Properties of the BatStateU. -The State may support the BatStateU as the national engineering university in the form of a lump sum amount in the annual General Appropriations Act and other financial benefits, and in kind, through land grants and donations and use of other real properties. To carry out the intent of theses grants, income derived from the development of all land grants and real properties shall be used to further the ends of the university, as may be setermined and decided by the Board.

Such parcels of land ceded by law, decree or presidential issuance to the BatStateU are hereby declared to be reserved for the purpose intended.ℒαwρhi৷ The absolute ownership of the BatStateU over those landholdings, including those covered by original and transfer certificates of title in the name of the BatStateU and their future derivatives, is hereby confirmed. Where the issuance of proper certificates of title for those landholdings is yet pending, the appropriate government office may expedite the issuance thereof within six (6) months from the date of effectivity of this Act:Provided,That all registration requirements necessary for the issuance of the said titles have been submitted and complied with.

The Board may plan, design, approve and cause the implementation of land leases:Provided,That such mechanisms and arrangements shall sustain and protect the environment in accordance with law, and be exclusive of the academic core zone of the campuses of the BatStateU:Provided, further,That such mechanisms and arrangements shall not conflict with the academic mission of the BatStateU.

The Board may approve the implementation of the joint ventures:Provided,That in the event real properties of the BatStateU are involved, only the income derived by the BatStateU from the use of the real properties shall be subject of its participation or obligation in the joint ventures:Provided, further,That no joint venture shall result in the alienation of the real properties of the BatStateU.

Any plan to generate revenues and other sources from land grants and other real properties entrusted to the BatStateU shall be consistent with the academic mission and orientation of the university as well as protect it from undue influence and control of commercial interests:Provided,That such programs, projects or mechanisms shall be approved by the Board subject to a transparent and democratic process of consultation with the constituents of the BatStateU:Provided, further,That funds generated from such programs, projects or mechanisms shall not be meant to replace, in part or in whole, the annual appropriations provided by the national government to the BatStateU.