Statement by Amb. Lamberto Zannier

The National Lottery etc. Act 1993 (c. 39) is amended as follows.

In section 22 (apportionment of money in Distribution Fund), in subsection (3), after the last paragraph there is inserted— “ (including, in each case, for establishing or contributing to endowments in connection with such expenditure). ”

In section 25 (application of money by distributing bodies), after subsection (4) there is inserted—

In section 25B (joint schemes for distribution of money by distributing bodies), after subsection (5) there is inserted—

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“endowment” includes permanent endowment;

The enactments amended by this section shall be deemed always to have had effect as so amended.

This Act may be cited as the National Lottery (Funding of Endowments) Act 2003.

This Act extends to Northern Ireland.