Section 55: Transfer of assets and liabilities of local authorities to the Board

(1) Subject to other provisions of this Act, all assets, liabilities and funds, if any, of the local authorities shall stand transferred to, and vest in the Board from such date as may be notified. (2) Where any water works situate outside Jaipur Urban Area is utilised partly for water supply for that area and partly for other areas or purposes, the Board and the Government shall enter into an agreement not later than three months from the date of coming into force of this Act specifying the nature and extent of the Board‟s control over such works, the quality and quantity of water to be supplied for that area and other matters connected therewith provided that in the absence of such agreement or until such time as such agreement is reached, the Government shall be responsible for the continuance and maintenance of the arrangements and works in existence on the date of coming into force of this Act. (3) The assets transferred to the Board shall include all works in progress and all water works and sewerage works situated in or outside Jaipur Urban Area and connected with the services aforesaid.