Transfer of property, rights, liabilities and obligations2

There are transferred to the Technology Strategy Board all property, rights, liabilities and obligations held, acquired or incurred by the Secretary of State on or before 7th June 2008—

a

arising under or in relation to the grants awarded by the Secretary of State2 under section 5(1) of the Science and Technology Act 19653 which are specified in the Schedule; and

b

otherwise arising in connection with the award or administration of any of the grants referred to in paragraph (a),

whether imposed by or under any statutory provision, in relation to any civil proceedings, or otherwise.