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All assets, fixed and movable, records and personnel of the Central Luzon Polytechnic 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 employed under existing laws prior to its 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.
All parcels of land belonging to the government, occupied by the Central Luzon Polytechnic College are hereby declared to be the property of the Nueva Ecija University of Science and Technology 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 Nueva Ecija.
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