21.—(1) With effect from the establishment day the Authority shall have a licence to occupy the property which on the day immediately before the establishment day was the property of Enterprise Ireland and occupied by The Irish Energy Centre, subject to such terms and conditions as may be agreed in writing between the Minister and Enterprise Ireland prior to the making of the order pursuant to section 3 appointing a day to be the establishment day.

(2) On the establishment day all equipment and property (other than that referred to in subsection (1)) which on the day immediately before the establishment day was the property of Enterprise Ireland for the use of The Irish Energy Centre shall be transferred to the Authority subject to and with the benefit of all rights and liabilities relating to such property and equipment.