|
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(1) | The Secretary of State may pay sums from the Olympic Lottery Distribution |
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Fund to the Olympic Lottery Distributor. |
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(2) | The Secretary of State may make regulations permitting payments from the |
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Olympic Lottery Distribution Fund— |
| 5 |
(a) | in respect of expenses of the Secretary of State in connection with |
| |
functions under this Part; |
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(b) | in respect of expenses incurred or to be incurred by the National Debt |
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Commissioners in making investments under section 27; |
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(c) | into the National Lottery Distribution Fund; |
| 10 |
(d) | to the Greater London Authority; |
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(e) | to the National Olympic Committee; |
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(f) | into the Consolidated Fund for the purpose of meeting payments made |
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or to be made under paragraph 10 of Schedule 2A to the National |
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Lottery etc. Act 1993 (c. 39) (expenses of National Lottery Commission). |
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(3) | Regulations by virtue of subsection (2)(a) and (b) shall permit payment only |
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with the consent of the Treasury. |
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(4) | Regulations by virtue of subsection (2)(c) shall in respect of each payment |
| |
specify, or enable the Secretary of State to specify, whether it is to be— |
| |
(a) | treated as having been paid into the National Lottery Distribution Fund |
| 20 |
by virtue of section 5(6) of the National Lottery etc. Act 1993 (general |
| |
| |
(b) | allocated entirely for expenditure on or connected with sport and held |
| |
in accordance with section 23(2) of that Act (distributing bodies for |
| |
| 25 |
(5) | Regulations by virtue of subsection (2)(c) may, in respect of a payment |
| |
allocated in accordance with subsection (4)(b) provide, or enable the Secretary |
| |
of State to provide, for section 23(2) of that Act to apply with specified |
| |
modifications (which may, in particular, include modifications reducing a |
| |
distributor’s share to nil). |
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(6) | Money paid to the Greater London Authority by virtue of subsection (2)(d) |
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may be used by the Authority for any purpose for which it is authorised to |
| |
| |
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(1) | Money in the Olympic Lottery Distribution Fund may be paid to the National |
| 35 |
Debt Commissioners and invested by them. |
| |
(2) | Proceeds of an investment under this section— |
| |
(a) | may be re-invested by the National Debt Commissioners, and |
| |
(b) | unless re-invested, shall be paid into the Olympic Lottery Distribution |
| |
| 40 |
(3) | In exercising a function under this section the National Debt Commissioners |
| |
shall comply with any direction of the Treasury. |
| |
| |
| |
|
| |
| |
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(1) | The Secretary of State may by order make provision for the winding up of the |
| |
Olympic Lottery Distribution Fund. |
| |
(2) | An order under this section shall provide, in particular, for any money in or |
| |
due to the Olympic Lottery Distribution Fund to be paid into the National |
| 5 |
Lottery Distribution Fund. |
| |
(3) | An order under this section shall in respect of any payment specify, or enable |
| |
the Secretary of State to specify, whether it is to be— |
| |
(a) | treated as having been paid into the National Lottery Distribution Fund |
| |
by virtue of section 5(6) of the National Lottery etc. Act 1993 (c. 39) |
| 10 |
(general payments into fund), or |
| |
(b) | allocated entirely for expenditure on or connected with sport and held |
| |
in accordance with section 23(2) of that Act (distributing bodies for |
| |
| |
(4) | Provision by virtue of subsection (3)(b) may provide for section 23(2) of that |
| 15 |
Act to apply with specified modifications (which may, in particular, include |
| |
modifications reducing a distributor’s share to nil). |
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Olympic Lottery Distributor |
| |
29 | The Olympic Lottery Distributor |
| |
(1) | There shall be a body corporate known as the Olympic Lottery Distributor. |
| 20 |
(2) | Schedule 5 (which makes provision in relation to the Distributor) shall have |
| |
| |
| |
(1) | The Olympic Lottery Distributor shall distribute money received, whether |
| |
under section 26 or otherwise, by way of grant or loan (subject to Part 3 of |
| 25 |
| |
(2) | The Distributor may make a grant or loan only if it considers it necessary or |
| |
expedient for the purpose of or in connection with— |
| |
(a) | the provision of facilities which are necessary or expedient if London is |
| |
to be the host city of the 2012 Olympic games, or |
| 30 |
(b) | any other service or function which it is necessary or expedient to |
| |
provide or undertake if London is to be the host city of the 2012 |
| |
| |
(3) | In exercising its functions under this section the Distributor shall have regard |
| |
| 35 |
(a) | the Olympic Charter, and |
| |
(b) | any agreement entered into by or on behalf of the International |
| |
Olympic Committee in the course of or in connection with the election |
| |
of London as the host city for the 2012 Olympic Games. |
| |
(4) | A grant or loan may, in particular, fund expenditure related to the provision |
| 40 |
| |
(a) | facilities outside London; |
| |
| |
| |
|
| |
| |
(b) | cultural and other events held in accordance with a provision of the |
| |
Olympic Charter or in accordance with an agreement entered into by or |
| |
on behalf of the International Olympic Committee. |
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(5) | A grant or loan may be subject to conditions which may, in particular, include |
| |
| 5 |
(a) | as to repayment (with or without interest); |
| |
(b) | providing for payments to be made only with the consent of a specified |
| |
| |
(6) | The Secretary of State may by regulations provide that a specified class of |
| |
expenditure is to be treated as— |
| 10 |
(a) | satisfying the requirements of subsection (2), or |
| |
(b) | not satisfying those requirements. |
| |
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(1) | The Olympic Lottery Distributor shall comply with any requirement of the |
| |
| 15 |
(a) | prepare a policy for the distribution of money under section 30, or |
| |
(b) | review and revise the policy. |
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(2) | A policy must, in particular— |
| |
(a) | estimate the Distributor’s annual income, |
| |
(b) | specify the sources of the income estimated, |
| 20 |
(c) | specify matters in respect of which the Distributor thinks that it will or |
| |
may make grants or loans, and |
| |
(d) | estimate, where possible, the amount of grants or loans that the |
| |
Distributor will or may make. |
| |
(3) | A requirement under subsection (1) may include provision (which may |
| 25 |
supplement or amplify subsection (2)) about— |
| |
(a) | the form of the policy; |
| |
(b) | the content of the policy. |
| |
(4) | Before preparing or revising a policy the Distributor— |
| |
(a) | shall submit a draft of the policy or revision to the Secretary of State, |
| 30 |
| |
| |
(i) | the National Lottery Commission, |
| |
(ii) | the Mayor of London, and |
| |
(iii) | the National Olympic Committee. |
| 35 |
(5) | The Distributor shall as soon as is reasonably practicable send a copy of a |
| |
policy or revision under this section to— |
| |
(a) | the Secretary of State, |
| |
(b) | the Mayor of London, and |
| |
(c) | the National Olympic Committee. |
| 40 |
(6) | Where the Secretary of State receives a copy of a policy or revision under |
| |
subsection (5) he shall lay it before Parliament. |
| |
| |
| |
|
| |
| |
| |
(1) | The Secretary of State may by order make provision for the dissolution of the |
| |
Olympic Lottery Distributor. |
| |
(2) | An order under this section may, in particular— |
| |
(a) | provide for the transfer of property, rights or liabilities of the |
| 5 |
| |
(i) | the Secretary of State, or |
| |
| |
(b) | make provision enabling a person to receive anything transferred |
| |
under paragraph (a) (and that provision shall have effect despite any |
| 10 |
other enactment or instrument); |
| |
(c) | establish a body corporate; |
| |
(d) | make consequential, incidental or transitional provision which may, in |
| |
| |
(i) | provide for anything done by or in relation to the Distributor to |
| 15 |
have effect as if done by or in relation to another person; |
| |
(ii) | permit anything (which may include legal proceedings) which |
| |
is in the process of being done by or in relation to the Distributor |
| |
when a transfer takes effect, to be continued by or in relation to |
| |
| 20 |
(iii) | provide for a reference to the Distributor in an instrument or |
| |
other document to be treated as a reference to another person. |
| |
(3) | An order transferring a sum of money to the Secretary of State under |
| |
subsection (2)(a)(i) may require the Secretary of State to pay the sum into the |
| |
National Lottery Distribution Fund; and an order containing such provision |
| 25 |
shall specify whether the payment is to be— |
| |
(a) | treated as having been paid into the National Lottery Distribution Fund |
| |
by virtue of section 5(6) of the National Lottery etc. Act 1993 (c. 39) |
| |
(general payments into fund), or |
| |
(b) | allocated entirely for expenditure on or connected with sport and held |
| 30 |
in accordance with section 23(2) of that Act (distributing bodies for |
| |
| |
(4) | Provision by virtue of subsection (3)(b) may provide for section 23(2) of that |
| |
Act to apply with specified modifications (which may, in particular, include |
| |
modifications reducing a distributor’s share to nil). |
| 35 |
(5) | The Secretary of State may not make an order under this section providing for |
| |
the transfer of property, rights or liabilities to a person unless the person has |
| |
consented to the transfer. |
| |
(6) | An order under this section— |
| |
(a) | may transfer rights and liabilities relating to employees, but |
| 40 |
(b) | shall not affect the operation of the Transfer of Undertakings |
| |
(Protection of Employment) Regulations 1981 (S.I. 1981/1794). |
| |
(7) | The Secretary of State may not make an order by virtue of subsection (6)(a) |
| |
unless satisfied that sufficient notice has been given to enable compliance with |
| |
any applicable requirement of those regulations. |
| 45 |
| |
| |
|
