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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

22. Administration of the fund

 

 

1) The fund shall be administered by the board.

[Subsection (1) amended by section 22(b) of Act No. 32 of 2013]

 

2) The fund shall be held in trust by the board for the purposes mentioned in this Chapter.

 

3) The fund shall be held in trust by the board for distribution of any sum paid into the fund as is allocated for expenditure referred to in section 26(3)(b), (c), (d) and (e), after the distributing agency has considered, evaluated and adjudicated an application for a grant or following a recommendation of funding of worthy good causes from the Commission after research conducted in terms of this Act.

[Subsection (3) inserted by section 22(c) of Act No. 32 of 2013]

 

[Section 22 amended by Section 22(a) of Act No. 32 of 2013]