Section 16October 13, 1989, Sec./Art. 16

The present faculty and employees of the Tarlac College of Technology, as well as all the funds, assets, real or personal, including the present buildings, equipment and facilities shall be absorbed by the new University. Salaries of the personnel shall be adjusted at the discretion of the Board of Regents within the amounts available for appropriation: Provided, however, That no personnel of the converted College shall be laid off, demoted in rank or suffer a reduction in salary. In order not to interrupt the operation of the institution as well as of the present curricula of the Tarlac State University, the incumbent President shall act as President until such time that a President is so appointed in accordance with the provisions of this Act.