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

Regulations Relating to Allocation of Money in National Lottery Distribution Trust Fund

4. Requirements for the allocation of funds for sport and recreation (sec 29 (1))

 

 

A juristic person applying for a grant in terms of section 29 of the Act shall-

1) be a body established for sport or recreational purposes;
2) state that is income and property are not distributable to its members, employees or managers except as reasonable compensation for services rendered;
3) indicate that changes in the composition of its membership or management will not substantially affect its continued existence;
4) establish that it-
a) funds or intends to fund projects which enable people to become involved in activities which contribute to the development of sport or recreation;
b) funds or intends to fund projects which assist disadvantaged communities to become involved in sporting or recreational activities,
c) provides or intends to provide sporting or recreational facilities which are accessible to communities, including children and the disabled;
5) indicate that the projects undertaken or to be undertaken shall be for the public good and that there is a clear demand therefor;
6) indicate that the project or intended project produces or will produce significant improvements or new development in sport or recreation which would not otherwise have taken place;
7) establish that the project or intended project is financially viable and capable of being implemented;
8) establish that it has adequate measures and procedures for the proper application of sound, economic, efficient and effective management;
9) establish that proper accounting records are kept;
10) furnish a written report pertaining to its financial state of affairs and activities;
11) indicate the procedure for changing its constitution in respect of its aims.