Expenditure, etc. till the Board is established

All debts or expenditure incurred, all contracts, entered into, and all matters and things engaged to be done by with or for the State Government, in connection with the purposes of this Act before and up to the date of the establishment of Board, shall be deemed to have been incurred entered into or engaged to be done by with or for the Board and in all Suits and other legal proceedings instituted by or against the State Government, the Board shall be deemed to be substituted for the State Government.