Local Authority to furnish information to Board prior to notified date

Immediately after the establishment of the Board under section 3, every local authority shall, furnish to the Board the following information and particulars:-

1. (a) the description and details of all properties to be transferred to the Board under this Act;
2. (b) the particulars of liabilities to be transferred to the Board under the provisions of this Act;
3. (c) the particulars relating to existing contracts and other obligations devolving on the Board under the provisions of this Act;
4. (d) the particulars of all legal proceedings covered by section 30 to which the existing authority is a party, pending on the date of establishment of the Board.