3.—(1) Nothing in article 2 or Schedules 1 and 2 affects the validity of anything done by or in relation to the Board before its functions are transferred.
(2) There may be continued by or in relation to the Assembly anything (including legal proceedings) which—
(a)relates to any of the functions of the Board or to any property, rights or liabilities transferred by article 2(2), and
(b)is in the process of being done by or in relation to the Board when the said functions are transferred.
(3) Anything which—
(a)was done by the Board for the purpose of or in connection with any of its functions or by the Board for the purpose of or in connection with any property, rights or liabilities transferred by article 2(2); and
(b)is in effect immediately before its functions are transferred,
is to have effect as if done by the Assembly.
(4) The Assembly is substituted for the Board in any instruments, contracts or legal proceedings which relate to—
(a)any of the functions of the Board, and
(b)any property, rights or liabilities transferred by article 2(2),
and which are made or commenced before its functions are transferred.
(5) On the transfer date the obligations of the Board, the Assembly and the Auditor General for Wales referred to below contained in section 6 of the Development of Tourism Act 1969(1)will have effect in respect of the financial year 2005 to 2006 only but are otherwise abolished:
(a)the Board’s obligation under section 6(1) to prepare a statement of account, save that the obligation is transferred to the Assembly,
(b)the Assembly’s obligation under section 6(3) to transmit the statement of account to the Auditor General for Wales, and
(c)the Auditor General for Wales' obligation under section 6(4) to examine and certify the statement of account and lay before the Assembly copies of the statement of account together with a report thereon.