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Lotteries Act, 1997 (Act No. 57 of 1997)

Part I : The National Lottery

Chapter 3 : Distribution of net proceeds of National Lottery

21. Establishment of National Lottery Distribution Trust Fund

 

 

1) There is hereby established a fund to be known as the National Lottery Distribution Trust Fund, to be managed by the board.

 

2) The board shall annually table financial reports in accordance with the provisions of the Public Finance Management Act, 1999 (Act No. 1 of 1999), in Parliament in respect of the distributed funds, which financial report must form part of the report contemplated in section 12(1)(b).

[Subsection (2) amended by section 21 of Act No. 32 of 2013]