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The National Endowment for Science, Technology and the Arts (Increase of Endowment) Order 2003

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2003, ISBN 011044194X

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Order laid before Parliament under section 19(8) of the National Lottery Act 1998, for approval by resolution of each House of Parliament.

NATIONAL LOTTERY

Made 2003

Coming into force 2003

The Secretary of State, in exercise of the powers conferred on her by section 19(2) of the National Lottery Act 1998(f1), and having consulted each of the bodies for the time being mentioned in section 23 of the National Lottery etc. Act 1993(f2), hereby makes the following Order, a draft of which has, in accordance with section 19(8) of the National Lottery Act 1998, been laid before, and approved by a resolution of, each House of Parliament:

Annotations to the whole text

Footnotes

f1

1998 c. 22.

f2

1993 c. 39; subsection (1) of section 23 is amended by SI 1994/1342, 1995/2088 and 1999/2090 and SSI 2000/78. Subsection (2) is amended by SI 1996/3095 and 1999/1563. Subsection (6) was inserted by section 7(1) of the National Lottery Act 1998 (c. 22).

Contents

  1. 1Citation and commencement
  2. 2Increase of endowment
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the National Endowment for Science, Technology and the Arts (Increase of Endowment) Order 2003 and shall come into force on the day after it is made.

2Increase of endowment

For the purposes of increasing the amount of the endowment of the National Endowment for Science, Technology and the Arts (“NESTA”), the Secretary of State is to be permitted to pay to NESTA the sum of £95,000,000 out of the money held in the National Lottery Distribution Fund and allocated, in accordance with section 22(3)(f) of the National Lottery etc. Act 1993(f1), for expenditure on or connected with health, education or the environment.

Signature

Secretary of State for Culture, Media and Sport

2003

Explanatory note

(This note is not part of the Order)

This Order permits the Secretary of State to increase the amount of the endowment of the National Endowment for Science, Technology and the Arts. For this purpose, the Order enables the Secretary of State to pay to NESTA the sum of £95,000,000 out of the money held in the National Lottery Distribution Fund and allocated for expenditure on or connected with health, education or the environment.