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Transfer of Existing Agency. – All personnel, records, assets, equipment, funds and properties belonging to the Institute of Philippine Languages under Executive Order No. 117 are hereby transferred to the Commission, which shall execute, administer, handle and dispose of such assets, properties and appropriations, in accordance with the provisions of this Act. All research, dictionaries, publications and other intellectual outputs of the Institute are likewise deemed transferred to the Commission.
The Commission shall effect the transfer herein provided in a manner that will ensure the least disruption of ongoing programs of the Institute. The qualified and necessary personnel of the Institute shall be transferred to and be absorbed by the Commission: provided, that the tenure, rank, salaries and privileges of such personnel are not reduced or adversely affected: provided, further, that, in the period prior to the actual assumption of duties by the Commission and its functioning as such, all officers and employees of the Institute shall continue to exercise all their functions and discharge all their duties and responsibilities: provided, finally, that the existing Institute of Philippine Language shall be deemed abolished upon the organization of the Commission, its actual assumption of its duties and its functioning as such.
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