Law Summary
Transfer of Assets, Liabilities, and Personnel
- All assets (both real and personal), personnel, and records of the former Cebu State College of Science and Technology System and its satellite campuses, including the Cebu City Mountain Extension Campus, are transferred to the Cebu Technological University.
- Any liabilities or obligations incurred by the former institution and campuses are also transferred to the University.
- Faculty members and personnel retain their positions, rights, and security of tenure under existing laws despite the conversion.
- Government-owned parcels of land used by the former institution and campuses are declared property of the University and shall be titled under its name.
- Should the University cease to exist or if the land is no longer needed, these land parcels will revert to the local government units (LGUs).
Appropriations and Funding
- The funds necessary to implement the provisions of the law are charged against the current year’s appropriations of the former Cebu State College of Science and Technology System and its campuses.
Effectivity of the Act
- The Act shall take effect fifteen (15) days after its publication either in the Official Gazette or a newspaper of general circulation.