Part 3

National Lottery: Olympic Lotteries

Olympic Lottery Distribution Fund

Investment
27
1
Money in the Olympic Lottery Distribution Fund may be paid to the National Debt Commissioners and invested by them.
2
Proceeds of an investment under this section—
a
may be re-invested by the National Debt Commissioners, and
b
unless re-invested, shall be paid into the Olympic Lottery Distribution Fund.
3
In exercising a function under this section the National Debt Commissioners shall comply with any direction of the Treasury.
S. 27 in force at 8.7.2005 by S.I. 2005/1831, art. 2
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)