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All assets, real and personal, personnel, and records of the PUP-Alfonso-Maragondon Annex Campus, as well as liabilities or obligations, shall be transferred to the PUP. The positions, rights, and security of tenure of faculty members and personnel therein employed under existing laws prior to its conversion into a regular campus shall be respected.
All parcels of land belonging to the government occupied by the PUP-Alfonso-Maragondon Annex Campus shall be transferred to the PUP:Provided,That should the campus or the PUP cease to exist or be abolished or should such aforementioned parcels of land be no longer needed by the PUP, the same shall revert to the local government unit concerned or to the Republic of the Philippines, as the case may be.
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