Part 3National Lottery: Olympic Lotteries
Olympic Lottery Distributor
31Distribution policy
1
The Olympic Lottery Distributor shall comply with any requirement of the Secretary of State to—
a
prepare a policy for the distribution of money under section 30, or
b
review and revise the policy.
2
A policy must, in particular—
a
estimate the Distributor’s annual income,
b
specify the sources of the income estimated,
c
specify matters in respect of which the Distributor thinks that it will or may make grants or loans, and
d
estimate, where possible, the amount of grants or loans that the Distributor will or may make.
3
A requirement under subsection (1) may include provision (which may supplement or amplify subsection (2)) about—
a
the form of the policy;
b
the content of the policy.
4
Before preparing or revising a policy the Distributor—
a
shall submit a draft of the policy or revision to the Secretary of State, and
b
shall consult—
i
the National Lottery Commission,
ii
the Mayor of London,
iii
the National Olympic Committee, and
iv
the British Paralympic Association.
5
The Distributor shall as soon as is reasonably practicable send a copy of a policy or revision under this section to—
a
the Secretary of State,
b
the Mayor of London,
c
the National Olympic Committee, and
d
the British Paralympic Association.
6
Where the Secretary of State receives a copy of a policy or revision under subsection (5) he shall lay it before Parliament.