Section 2: Dissolution of Agency;repeals and savings; transfer of assets and liabilities, etc. 1977 No. 5. 1978 No. 19.

(1) The body known as the National Science and Technology Development Agency established by the National Science and Technology Development Agency Act 1977 is hereby dissolved and the said Act is hereby repealed and the National Science and Technology Development Agency (Amendment) Act 1978 is hereby consequentially repealed.
(2) Notwithstanding subsection (1) of this section, the research institutes established or deemed to have been established under or pursuant to the said Act shall be deemed to have been established under this Act.
(3) Notwithstanding subsection (1) of this section, the transitional and savings provisions in the Second Schedule to this Act shall have effect in relation to the employees, assets and liabilities of the dissolved Agency and the other matters therein mentioned.