Section 16. All assets, fixed and movable, personnel and records of the Guimaras Polytechnic College and the Western Visayas College of Science and Technology —

Guimaras Extension, as well as liabilities or obligations, are hereby transferred to the College: Provided, however, That the positions, rights and security of tenure of personnel employed therein under existing laws prior to its conversion into a state college are not impaired: Provided, further, That the incumbents of existing positions shall remain in the same status until otherwise provided by the Board.

All parcels of lands belonging to the government and occupied by the Guimaras Polytechnic College and the Western Visayas College of Science and Technology — Guimaras Extension are hereby transferred to and declared to be the property of the Guimaras State College and shall be titled under its name: Provided, That should the College cease to exist or be abolished or should such parcels of land aforementioned be no longer needed by the College, the same shall revert to the Province of Guimaras.