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

Part I : The National Lottery

Chapter 1 : National Lotteries Board

8. Funds of board

 

 

1) The funds of the board shall consist of-
a) the payments to the board in terms of section 34;
b) application and licensing fees paid to the board in terms of section 14(3);
c) other money lawfully paid to the board, excluding any prize money paid by the licensee to the board; and
d) money appropriated by Parliament.

 

2) The board may, up to an amount approved from time to time by the Minister in consultation with the Minister of Finance, raise short-term loans at any time, by way of overdrawing its account with a bank or otherwise, to meet any casual deficits that may arise.