Where under the
provisions of the principal Act —
(a) any
matter or thing would have been within the meaning of the term
“undertaking” as thereby defined had that matter or thing been
approved by the Governor; or
(b) a
contract made by the Commission that should have been ratified in the manner
thereby required, was not so ratified,
any such matter or
thing shall be deemed to be and always to have been an undertaking, or part of
an undertaking, approved by the Governor, and any such contract shall be
deemed to be and to have been so ratified, as the case requires, lawfully and
properly in accordance with the provisions of the principal Act, and the
procedures relating thereto shall be deemed to have been lawfully and properly
carried out.