196. The assets, including accumulated surpluses, and liabilities of the Collection Fund established under section 97.1 of the Act respecting the Ministère du Revenu (chapter M-31), as they stand on 31 March 2011, are transferred to the Agency. The responsibilities arising from the loans and advances made under sections 97.5 and 97.6 of the Act respecting the Ministère du Revenu, and from the contracts and agreements entered into by the Minister, as manager of the Fund, for the purposes of the Fund’s activities, as they stand on 31 March 2011, are transferred to the Agency.
As regards the responsibilities transferred under the second paragraph, the Agency replaces the Minister and acquires the Minister’s rights and obligations.