Transfer of assets and liabilities

(1) The Government may transfer to the Board on such terms and conditions as the Government may deem fit to impose, building, land or any other property, movable or immovable, for use in management by the Board for the purposes of this Act. (2) The Government may transfer to the Board for the purposes of this Act, subject to such terms and conditions as the Government may deem fit to impose such schemes or works in progress, with all their assets and liabilities as are run or managed by the Government.