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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

25. Investment of money not immediately required

 

 

1) Any money of the fund or the board which is not required for immediate allocation, may be invested with the Public Investment Commissioners or with a financial institution approved by the Minister of Finance and may be withdrawn when required.

 

2) Any unexpended balance of the money of the fund at the end of any financial year shall be carried forward as a credit to the next succeeding financial year.