All allocations, appropriations, equipment, files, records, contracts, agreements, obligations and other materials which are used, employed or expended in connection with the powers, duties or functions of the board of the Ben Franklin Partnership Fund under the provisions of the act of April 9, 1929 (P.L. 177, No. 175), known as The Administrative Code of 1929,¹ and the department in connection with the industrial resource centers are hereby transferred to the partnership created by this act with the same force and effect as if the allocations and appropriations have been made to and the items had been the property of the partnership in the first instance and as if the contracts, agreements and obligations had been incurred or entered into by the partnership.