http://www.legislation.gov.uk/ukpga/2008/31/section/18ADormant Bank and Building Society Accounts Act 2008An Act to make provision for, and in connection with, using money from dormant bank and building society accounts for social or environmental purposes.texttext/xmlenStatute Law Database2024-05-20Expert Participation2024-01-04 Part 218A1The Secretary of State may by order—amake provision restricting the purposes for which, or the kinds of person to which, a distribution of dormant assets money for meeting English expenditure may be made, orbprovide that no specific restrictions are to have effect under paragraph (a) in relation to such a distribution.2An order under this section may make transitional or saving provision in connection with provision made under subsection (1)(a) or (b).3Before making an order under this section the Secretary of State must—acarry out a public consultation about the purposes for which, or the kinds of person to which, the money apportioned under section 17 for meeting English expenditure should be distributed, andbconsult the Big Lottery Fund about a draft of the order.4In carrying out the first public consultation under subsection (3)(a) the Secretary of State must invite views as to whether the permitted distributions should be, or include, any one or more of the following—adistributions for the purpose of the provision of services, facilities or opportunities to meet the needs of young people;bdistributions for the purpose of the development of individuals’ ability to manage their finances or the improvement of access to personal financial services;cdistributions to social investment wholesalers (within the meaning of section 18);ddistributions to community wealth funds.5For the purposes of subsection (4) “community wealth fund” means a fund which gives long term financial support (whether directly or indirectly) for the provision of local amenities or other social infrastructure.6An 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, both Houses of Parliament.Pt. 2 heading substituted (6.6.2022) by Dormant Assets Act 2022 (c. 5), s. 34(3), Sch. 1 para. 11; S.I. 2022/582, reg. 2S. 18A inserted (6.6.2022) by Dormant Assets Act 2022 (c. 5), ss. 29(1), 34(3) (with s. 29(4)); S.I. 2022/582, reg. 2