Transfer of Board's property, interest, rights and duties

23. (1) On and with effect from the date on which a transfer scheme, %ad's , as may be prepared by' the State Gove'rhont p*Omffes, , to give effect the objecls and purpOSes of this Act, is -published, (hereinafter referred to as tho &e,ctive date), m y property, interest in Property, right3 and liabilities which immediately before acid dutlea the effective data - belong to the Board, shall Vest in the State Government, on such terms as m a be agreed between the Stale Government and the Bo~rd.