Section 22Sec./Art. 22

All the assets, fixed and movable, personnel, and records of the Leyte State College in the City of Tacloban, 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 incumbents of the positions shall remain in the same status until otherwise provided for by the Board.

AU parcels of land belong to the government occupied by the Leyte State College are hereby declared to be the property of the Leyte Normal University and shall be titled under that name: Provided, That should the University cease to exist or he 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.