Section 22Sec./Art. 22

All the assets, fixed and movable, records, and personnel of the Palawan State College, 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 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 Palawan State College are hereby declared to be the property of the Palawan State 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 Province of Palawan.