89. The following assets are transferred to the James Bay Regional Administration:
(1) the fund consisting of the sums paid by Hydro-Québec to Municipalité de Baie-James, described as the “Fonds de développement régional” in the municipality’s annual financial report;
(2) the fund described as the “Fonds CLD” in that municipality’s annual financial report; and
(3) any unexpended sums allocated under the Agreement entered into pursuant to Québec’s National Policy on Rurality.
The James Bay Regional Administration succeeds Municipalité de Baie-James with regard to the rights, obligations and charges resulting from an agreement, a contract or any other act establishing the existence of the funds referred to in the first paragraph.