Section 18Sec./Art. 18

Assets, Liabilities and Personnel. All assets, real and personal, personnel records of the State Polytechnic College of Palawan, as well as liabilities or obligations, are hereby transferred to the University. The position, right and security of tenure of the faculty members and personnel therein employed under existing laws shall be respected.

All parcel of land belonging to the government and occupied by the State Polytechnic College of Palawan are hereby declared to be property of the WPU and shall be titled under that name: Provided, 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 Palawan.