Section 19Sec./Art. 19

Assets, Liabilities and Personnel. All assets, fixed and movable, personnel and records of the Nueva Vizcaya State Institute of Technology and the Nueva Vizcaya State 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 faculty members and personnel therein employed under existing laws prior to their absorption by the University are not impaired.

All parcels of land belonging to the government and occupied by the Nueva Vizcaya State Institute of Technology and the Nueva Vizcaya State Polytechnic College are hereby declared to be property of the Nueva Vizcaya State University and shall be titled under that name; Provided, That should be 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 Vizcaya.