Local authorities to furnish information to the Board

Within thirty days of establishment of Board, the local authorities shall furnish the following information to the Board, namely:- (a) description and details of all the assets and liabilities transferred to the Board under this Act; (b) details about contracts, projects, schemes undertaken by the local authorities and which are transferred to the Board under this Act; and (c) particulars about the legal proceedings by or against them in connection with any assets or liabilities transferred to the Board under this Act and pending as on the date of establishment of the Board.