- Latest available (Revised)
- Original (As enacted)
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)Subject to the provisions of this Part, the Big Lottery Fund shall distribute dormant account money for meeting expenditure that has a social or environmental purpose.
(2)In this Part “dormant account money” means money transferred to the Big Lottery Fund by a reclaim fund in pursuance of the object mentioned in section 5(1)(c), and also includes the proceeds of such money invested under—
(a)paragraph 20(1) of Schedule 4A to the National Lottery etc. Act 1993 (c. 39), or
(b)arrangements made under section 25(1).
(3)The Fund may make grants or loans, or make or enter into other arrangements, for the purpose of complying with subsection (1).
(4)A grant or loan may be subject to conditions (which may, in particular, include conditions as to repayment with interest).
(5)For the purposes of this Part, distributing money for meeting expenditure of a particular description includes distributing money for the purpose of establishing, or contributing to, endowments (including permanent endowments) in connection with expenditure of that description.
(6)Schedule 3 makes further provision about the functions of the Fund in relation to dormant account money.
(1)The apportionable income of the Big Lottery Fund in each financial year is to be apportioned as follows and distributed accordingly—
(a)a prescribed percentage for meeting expenditure in relation to England;
(b)a prescribed percentage for meeting expenditure in relation to Wales;
(c)a prescribed percentage for meeting expenditure in relation to Scotland;
(d)a prescribed percentage for meeting expenditure in relation to Northern Ireland.
The four percentages must add up to 100%.
(2)Expenditure within paragraphs (a), (b), (c) and (d) of subsection (1) is referred to in this Part as English expenditure, Welsh expenditure, Scottish expenditure and Northern Ireland expenditure respectively.
(3)For the purposes of this section, the apportionable income of the Big Lottery Fund for a given financial year is—
A is the amount of dormant account money received by the Fund in the year;
B is the amount of the expenses defrayed in the year under subsections (1) and (2) of section 26;
C is the amount paid in the year under subsection (3)(b) of that section.
(4)In this section “prescribed” means prescribed by an order made by the [F1Minister for the Cabinet Office].
(5)Before making an order under this section the [F1Minister for the Cabinet Office] shall consult—
(a)the Welsh Ministers;
(b)the Scottish Ministers;
(c)the Department of Finance and Personnel in Northern Ireland;
(d)the Big Lottery Fund;
(e)such other persons (if any) as the [F1Minister for the Cabinet Office] thinks appropriate.
(6)An order under this section may not be made unless a draft of the statutory instrument containing it has been laid before, and approved by a resolution of, each House of Parliament.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Click 'View More' or select 'More Resources' tab for additional information including: