12-3905.   Same; subdivision not relieved of obligation orresponsibility imposed by law.No consolidation proceeding or agreement made pursuant to this act shallrelieve any political or taxing subdivision of any obligation orresponsibility imposed upon it by law except that to the extent of actualand timely performance thereof by a joint board or other legal oradministrative entity created by an agreement made hereunder, saidperformance may be offered in satisfaction of the obligation orresponsibility.

      History:   L. 1974, ch. 426, § 5; July 1.