Clause 12

Upon the coming into operation of this Part, such educational or vocational training institutions established by or were vested and held by the Government as the Minister may, after consultation with the Minister for Finance, determine shall be transferred to and vested in the Board without further assurance and such transfer shall include all lands, buildings, and other property, movable or immovable, assets, rights, privileges, obligations and liabilities held or enjoyed in connection therewith or appertaining thereto.

Upon the coming into operation of this Part, such monies held by the Government for the promotion and advancement of technical education as the Minister may, after consultation with the Minister for Finance, determine shall forthwith be paid and transferred to and held by the Board for the same purpose.

All rights, privileges, obligations and liabilities which immediately before the date of the coming into operation of this Part were held, enjoyed or incurred in connection with or appertaining to the educational or vocational training institutions transferred under subsection (1) of this section shall be deemed to be the rights, privileges, obligations and liabilities of the Board.

Where anything has been commenced for the purpose of the educational or vocational training institutions transferred under subsection (1) of this section such thing may be carried on and completed by, or under the authority of, the Board.

If any question arises as to which of the properties, movable or immovable, has been transferred to and vested in the Board under subsection (1) of this section a certificate under the hand of the Minister shall be conclusive evidence of the vesting of such property in the Board.