Section 23Sec./Art. 23

All the assets, fixed and movable, records and personnel of the Bulacan School of Arts and Trades, except those belonging or to be used by the high school, 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 in the same status until otherwise provided for by the Board.

All parcels of land belonging to the government occupied by the Bulacan School of Arts and Trades are hereby declared to be the property of the Bulacan State University and shall be titled under that name:Provided, finally,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 Province of Bulacan.