Paragraph 11 Horserace Betting and Olympic Lottery Act 2004

(1)

Section 16 (property of the Levy Board) is amended as follows.

(2)

In the heading to the section, for “the Levy Board” substitute “the levy bodies”.

(3)

In subsection (1), for “the Horserace Betting Levy Board” substitute “a levy body in so far as the property, rights or liabilities relate to the body’s functions in relation to the horserace betting levy”.

(4)

In subsection (2)—

(a)

in the opening words, for “the Board” substitute “a levy body”;

(b)

in the opening words, after “transfer scheme” insert “in relation to the body”;

(c)

in paragraph (a), for “the Board” substitute “the levy body”.

(5)

In subsection (4)—

(a)

in the opening words, after “scheme” insert “in relation to a levy body”;

(b)

in paragraph (a), for “the Board” substitute “the levy body”;

(c)

in paragraph (b), after “submitted” insert “by the levy body”.