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All assets, fixed and movable, personnel and records of the Southern Agusan National Agriculture College, as well as liabilities or obligations, are hereby transferred to the College: Provided, however, That the positions, rights, and security of tenure of the 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 same status until otherwise provided for by the Board.
All parcels of land belonging to the government occupied by the Southern Agusan National Agriculture College are hereby declared to be the property of Agusan del Sur State College of Agriculture and Technology and shall be titled under that name: Provided, finally, That should the College cease to exist or be abolished or should such parcels of land aforementioned be no longer needed by the College, the same shall revert to the Province of Agusan del Sur.
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