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

S.I. 2006/396 · Made 16 February 2006

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NATIONAL LOTTERY

Made 16th February 2006

Coming into force 17th February 2006

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

James Purnell

Minister of State

Department for Culture, Media and Sport

16th February 2006

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.