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All assets, fixed and movable, records and personnel of PSC, SJPI, GMFMCF and that of TPI, CTVS, S JFS and of the LSF as well as their 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, salaries and ranks.
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