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SCHEDULES

[F1SCHEDULE 4AU.K.THE BIG LOTTERY FUND

Textual Amendments

Modifications etc. (not altering text)

Part 3U.K.Money

Remuneration, &c.U.K.

17(1)The Fund may pay to the Chairman, another member or a member of a committee—U.K.

(a)such remuneration as the [F2Secretary of State] may determine, and

(b)such travelling and other allowances as the [F2Secretary of State] may determine.

(2)The Fund may pay to or in respect of the Chairman or another member such sums as the [F2Secretary of State] may determine by way of, or in respect of, pensions, allowances or gratuities.

(3)If the [F2Secretary of State] thinks that there are special circumstances that make it right for a person ceasing to hold office as Chairman or member to receive compensation, the Fund may pay him such compensation as the [F2Secretary of State] may determine.

18(1)The Fund may (subject to any directions under [F3section 36E(3)(ab)] ) pay sums to or in respect of a member or former member of staff by way of or in respect of—U.K.

(a)remuneration,

(b)allowances,

(c)pensions,

(d)gratuities, or

(e)compensation for loss of employment.

(2)In Schedule 1 to the Superannuation Act 1972 (c. 11) (employment to which superannuation schemes may extend) in the list of other bodies insert at the appropriate place— “ The Big Lottery Fund. ”

Textual Amendments

Modifications etc. (not altering text)

PaymentsU.K.

19U.K.The Fund may make payments in respect of expenditure (which may include expenditure of a capital nature) of—

(a)the Fund, or

(b)a person to whom it delegates a function under section 25A(1).

InvestmentU.K.

20(1)The Fund may deposit money in an interest-bearing account (but may not otherwise invest).U.K.

(2)The proceeds of money received by the Fund and invested under sub-paragraph (1) shall be treated for the purposes of Part II of this Act as part of that money.

AccountsU.K.

21(1)The Fund shall—U.K.

(a)keep proper accounting records [F4relating to the exercise of its functions under this Act] , and

[F5(b)prepare in respect of each financial year a statement of accounts relating to the exercise of those functions.]

(2)The Fund shall send a copy of a statement under sub-paragraph (1)(b)—

(a)to the [F2Secretary of State] ,

(b)to the National Assembly for Wales,

(c)to the Scottish Ministers,

(d)to the Northern Ireland Department of Culture, Arts and Leisure, and

(e)to the Comptroller and Auditor General.

(3)A copy of a statement must be sent under sub-paragraph (2) within such period, beginning with the end of the financial year to which the statement relates, as the [F2Secretary of State] may, with the consent of the Treasury, direct.

(4)The Comptroller and Auditor General shall—

(a)examine, certify and report on a statement received under this paragraph, and

(b)lay a copy of the statement and his report before Parliament.]