Statutory Instruments
2006 No. 655
BETTING, GAMING AND LOTTERIES
The Olympic Lotteries (Payments out of Fund) Regulations 2006
Made
8th March 2006
Laid before Parliament
10th March 2006
Coming into force
31st March 2006
The Secretary of State, in exercise of the powers conferred by sections 26(2)(a), (b), and (f) and (3) of the Horserace Betting and Olympic Lottery Act 2004( 1 ), makes the following Regulations:
Citation, commencement and interpretation
1. —(1) These Regulations may be cited as the Olympic Lotteries (Payments out of Fund) Regulations 2006 and shall come into force on 31st March 2006.
(2) In these Regulations —
“the Fund” means the Olympic Lottery Distribution Fund established under section 23 of the 2004 Act;
“the 1993 Act” means the National Lottery etc. Act 1993( 2 ); and
“the 2004 Act” means the Horserace Betting and Olympic Lottery Act 2004 .
Payments in respect of expenses of the Secretary of State and National Debt Commissioners
2. —(1) Subject to paragraph (2), at such times and for such amounts as the Secretary of State determines to be appropriate, there shall be payments from the Fund in respect of —
(a) expenses of the Secretary of State in connection with functions under Part 3 of the 2004 Act, and
(b) expenses incurred or to be incurred by the National Debt Commissioners in making investments under section 27 of the 2004 Act.
(2) Payments under paragraph (1) may only be made with the consent of the Treasury.
Payments in respect of expenses of the National Lottery Commission
3. —(1) At such times and for such amounts as the Secretary of State determines to be appropriate, there shall be payments from the Fund into the Consolidated Fund for the purpose of meeting payments made or to be made under paragraph 10 of Schedule 2A to the 1993 Act( 3 ).
(2) In determining, under paragraph (1), what amounts are appropriate for the purpose of meeting payments made or to be made under paragraph 10 of Schedule 2A to the 1993 Act, the Secretary of State shall take into account sums paid or to be paid into the Consolidated Fund under sections 7(6) and 31(2)(aa) of the 1993 Act( 4 ).
Richard Caborn
Minister of State
Department for Culture, Media and Sport
8th March 2006
Schedule 2A was inserted by section 1(5) of, and paragraph 7 of Schedule 1 to, the National Lottery Act 1998 (c. 22) .
Section 7(6) was amended by, and section 31(2)(aa) was inserted by, section 1(5) of, and paragraphs 4 and 15 of Schedule 1 to, the National Lottery Act 1998 (c. 22) .