# Horserace Betting and Olympic Lottery Act 2004, Section 28: Winding up

Extent: E+W+S+N.I.

(1) The Secretary of State... may by order make provision for the winding up of the Olympic Lottery Distribution Fund.
(2) An order under this section shall provide, in particular, for any money in or due to the Olympic Lottery Distribution Fund to be paid into the National Lottery Distribution Fund.
(3) An order under this section shall in respect of any 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 (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).
(4) Provision by virtue of subsection (3)(b) may 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).

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Source: https://www.legislation.gov.uk/ukpga/2004/25/section/28 (the official version)
Page: https://openlegislation.uk/horserace-betting-and-olympic-lottery-act-2004/section-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.