Section 26 Payments out of FundI1

United Kingdom

(1)

The Secretary of StateF1... may pay sums from the Olympic Lottery Distribution Fund to the Olympic Lottery Distributor.

(2)

The Secretary of State... may make regulations permitting payments from the Olympic Lottery Distribution Fund—

(a)

in respect of expenses of the Secretary of State... in connection with functions under this Part;

(b)

in respect of expenses incurred or to be incurred by the National Debt Commissioners in making investments under section 27;

(c)

into the National Lottery Distribution Fund;

(d)

to the Greater London Authority;

(e)

to the National Olympic Committee;

(f)

into the Consolidated Fund for the purpose of meeting payments made or to be made under paragraph 10 of F2Schedule 4 to the Gambling Act 2005, so far as those payments relate to expenses of the Gambling Commission incurred or to be incurred in exercising its relevant functions .

(3)

Regulations by virtue of subsection (2)(a) and (b) shall permit payment only with the consent of the Treasury.

(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 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 in accordance with section 23(2) of that Act (distributing bodies for sports).

(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).

(6)

Money paid to the Greater London Authority by virtue of subsection (2)(d) may be used by the Authority for any purpose for which it is authorised to incur expenditure.

F3(7)

In subsection (2)(f) “relevant functions” means functions conferred or imposed under or by virtue of—

(a)

a provision of the National Lottery etc. Act 1993 other than section 10C,

(b)

this Part, and

(c)

section 6(2) of the National Lottery Act 2006.

Annotations

Textual amendments

F1: Words in s. 26 omitted (7.7.2010) by virtue of Secretary of State for Culture, Olympics, Media and Sport Order 2010 (S.I. 2010/1551), art. 1(2), Sch. para. 4(c)
F2: Words in s. 26(2)(f) substituted (1.10.2013) by The Public Bodies (Merger of the Gambling Commission and the National Lottery Commission) Order 2013 (S.I. 2013/2329), art. 1(2), Sch. para. 27(c)(i) (with art. 8, Sch. para. 43)
F3: S. 26(7) inserted (1.10.2013) by The Public Bodies (Merger of the Gambling Commission and the National Lottery Commission) Order 2013 (S.I. 2013/2329), art. 1(2), Sch. para. 27(c)(ii) (with art. 8, Sch. para. 43)

Commencement

I1: S. 26 in force at 8.7.2005 by S.I. 2005/1831, art. 2

Notes on Part 3

Modifications

C1: Pt. 3: functions made partly exercisable concurrently (22.8.2007) by Transfer of Functions (Olympics and Paralympics) Order 2007 (S.I. 2007/2129), arts. 1(2), 3(1)(2)(c), (with art. 4)