Transfer of Assets, Liabilities, and Personnel Rights
- All assets, both real and personal, and all liabilities and obligations of Maasin City College are transferred to SLSU.
- Faculty members and personnel retain positions, rights, and security of tenure as per existing laws prior to integration.
- Government-owned parcels of land occupied by the college become property of SLSU and will be titled accordingly.
- If SLSU ceases to exist, or no longer requires the land, ownership reverts to the local government units (LGUs).
Funding and Financial Provisions
- Initial implementation costs are charged against the current year’s funding provided by the City of Maasin to Maasin City College.
- The City of Maasin shall continue to fund the SLSU - Maasin City Campus until its funding is included in the national General Appropriations Act.
Rulemaking and Implementation Procedures
- The Commission on Higher Education (CHED) and SLSU are mandated to promulgate necessary rules and regulations.
- Such rules and regulations must be issued within sixty (60) days from the law’s effectivity.
Effectivity and Publication
- The law shall take effect fifteen (15) days after its publication in the Official Gazette or any newspaper of general circulation.
This comprehensive framework ensures a seamless integration process, preserving personnel rights and delineating clear financial and administrative responsibilities.