Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Lotteries Act, 1997 (Act No. 57 of 1997)Part I : The National LotteryChapter 3 : Distribution of net proceeds of National Lottery26. Allocation of money in fund |
| (1) | Every sum that is paid to the fund shall be appropriated for expenditure by the board in accordance with subsections (2) and (3). |
| (2) | So much of the sum referred to in subsection (1) as the Minister after consultation with the board deems appropriate, shall be allocated for making payments under section 34 and held in the fund for that purpose. |
| (3) | Of the balance in the fund after the deduction of the allocated sum referred to in subsection (2)— |
| (a) | [Section 26(3)(a) deleted by section 23 of Act No. 32 of 2013]; |
| (b) | not less than the prescribed percentage shall be allocated for charitable expenditure; |
| (c) | not less than the prescribed percentage shall be allocated for expenditure on or connected with the development of sport and recreation; |
| (d) | not less than the prescribed percentage shall be allocated for expenditure on or connected with the arts, culture and the national historical, natural, cultural and architectural heritage; and |
| (e) | not more than the prescribed percentage shall, subject to section 31(1), be allocated for expenditure in respect of any other matter and approved by the Minister for that purpose. |
