S. 1(5)-(7) repealed (1.12.2006) by National Lottery Act 2006 (c. 23), s. 22(1), Sch. 3; S.I. 2006/3201, art. 2(e)
An Act to make provision about the funding of endowments from distributions of money out of the National Lottery Distribution Fund; and for connected purposes.
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
Funding of endowments
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). ”
References in this section (however expressed) to the distribution of money for meeting expenditure are to be construed as including distribution of money for the purpose of establishing, or contributing to, endowments in connection with expenditure of the description concerned.
References in this section (however expressed) to distribution under section 25(1) of money for meeting expenditure are to be construed in accordance with section 25(5).
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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.
Short title and extent
This Act may be cited as the National Lottery (Funding of Endowments) Act 2003.
This Act extends to Northern Ireland.