Section 18Sec./Art. 18

Assets, Liabilities and Personnel. - All assets, real and personal, personnel and records of the Leyte Institute of Technology, as well as liabilities or obligations, are hereby transferred to the University. The positions, rights and security of tenure of the personnel therein employed under existing laws shall be respected.

All parcels of land belonging to the government and occupied by the Leyte Institute of Technology and its duly integrated campuses except the land occupied by the main campus in Tacloban City, Leyte are hereby declared to be the property of the Eastern Visayas State University and shall be titled under that name: Provided, That should the University cease to exist or be abolished or such parcels of land aforementioned be no longer needed by the University, the same shall revert to the Province of Leyte.