OpenLegislation

The National Endowment for Science, Technology and the Arts (Increase of Endowment) Order 2006

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

Draft 2006, ISBN 011073887X

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 [ ]

Coming into force [ ]

The Secretary of State makes the following Order in exercise of the powers conferred by section 19(2) of the National Lottery Act 1998f1.

In accordance with section 19(3) of that Act she has consulted each of the bodies for the time being mentioned in section 23 of the National Lottery etc. Act 1993f2.

In accordance with section 19(8) of the National Lottery Act 1998, a draft of this instrument was laid before Parliament and approved by resolution of each House of Parliament.

Annotations to the whole text

Footnotes

f1

1998 c.22.

f2

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

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 2006 and shall come into force on the day after the day on which it is made.

2Increase of endowment

For the purpose 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 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 1993f1, for expenditure on or connected with health, education or the environment five sums of £15,000,000 each.

Signature

Minister of State

Department for Culture, Media and Sport

[Date]

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 £75,000,000 out of the money held in the National Lottery Distribution Fund and allocated for expenditure on or connected with health, education or the environment.