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All the assets, fixed and movable, personnel and records of the Central Mindanao University Campus in the Municipality of Catarman, the Mindanao Polytechnic State College in the Municipality of Mambajao and the Camiguin School of Arts and Trades are hereby transferred to the College: Provided, however, that the positions, rights, and security of tenure of personnel therein employed under existing laws prior to absorption by the College are not impaired: Provided, further, That the incumbent of the positions shall remain in the status until otherwise provided for by the Board.
All parcels of land belonging to the government occupied by the Central Mindanao University Campus in the Municipality of Catarman and the Mindanao Polytechnic State College in the Municipality of Mambajao are hereby declared to be the property of the Camiguin Polytechnic State College and shall be titled under that name: Provided, finally, That should the College cease to exist or to be abolished or should such parcels of land aforementioned be no longer needed by the College, the same shall revert to the respective municipalities.
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