|
|
|
|
A
|
|
Bill
|
|
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:—
|
|
1 Funding
of endowments
|
|
(1) The
National Lottery etc. Act 1993 (c. 39) is amended as follows.
|
|
(2) 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
|
5
|
endowments
in connection with such expenditure)”.
|
|
(3) In
section 25 (application of money by distributing bodies), after subsection
(4)
|
|
there is inserted—
|
|
“(5) References
in this section (however expressed) to the distribution of
|
|
money
for meeting expenditure are to be construed as including
|
10
|
distribution
of money for the purpose of establishing, or contributing
|
|
to,
endowments in connection with expenditure of the description
|
|
concerned.”
|
|
(4) In
section 25B (joint schemes for distribution of money by distributing bodies),
|
|
after subsection (5) there is inserted—
|
15
|
“(6) 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).”
|
|
(5) In
section 38 (grants to charities etc), in subsection (1), at the end there
is added
|
|
“, including grants for establishing
or contributing to endowments in
|
20
|
connection with such expenditure”.
|
|
|
|
|
|
|
|
|
|
|
(6) In
section 41 (grants from the Millenium Commission), in subsection (1),
at the
|
|
end there is added “(including
grants for establishing or contributing to
|
|
endowments in connection with such
projects)”.
|
|
(7) In
section 43B (functions of the New Opportunities Fund), in subsection (1)(a),
|
|
after “projects” there
is inserted “(including grants for establishing or
|
5
|
contributing to endowments in connection
with projects)”.
|
|
(8) In
section 44 (interpretation), in subsection (1), after the definition of
|
|
“education” there is inserted—
|
|
“
“endowment” includes permanent endowment;”.
|
|
(9) The
enactments amended by this section shall be deemed always to have had
|
10
|
effect as so amended.
|
|
2 Short
title and extent
|
|
(1) This
Act may be cited as the National Lottery (Funding of Endowments) Act
|
|
2003.
|
|
(2) This
Act extends to Northern Ireland.
|
15
|
|
|
|