Section 21December 26, 1991, Sec./Art. 21

All the assets, fixed and movable, personnel and records of the Philippine Normal College in the City of Manila and its branches in the Municipality of Prosperidad in the Province of Agusan, Municipality of Alicia in the province of Isabela, Cadiz City in the province of Negros Occidental and Municipality of Lopez in the Province of Quezon, as well as liabilities or obligations, are hereby transferred to the University: provided, however, that the positions, rights, and security of tenure of personnel therein employed under existing laws prior to absorption by the University are not impaired: provided, further, that the incumbent of the positions shall remain the same status until otherwise provided for by the Board.

All parcels of land belonging to the Government occupied by the Philippine Normal College in the City of Manila and its existing branches are hereby declared to be the property of the Philippine Normal University, and shall be titled under that name: provided, that should the university cease to exist or be abolished or should such parcels of land aforementioned be no longer needed by the University, the same shall revert to the provinces, municipalities or cities where they are located.