National Lottery Act 2013
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Advance of funds by Minister to Regulator | ||
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23. (1) The Minister may, from time to time, advance to the Regulator out of moneys provided by the Oireachtas such sums as the Minister may determine for the purposes of expenditure by the Regulator in the performance of his or her functions. | ||
(2) The sums to be advanced under subsection (1) shall be expended solely for the purpose and exercise of the functions conferred on the Regulator by this Act. | ||
(3) The Regulator shall pay to the Minister, on every sum advanced to the Regulator under this Act, interest from the date of the advance of such sum until the same is repaid at such rate and in such manner as shall be appointed by the Minister at the time of the advance and at such rate as may be determined from time to time, and such rate of interest shall not at any time exceed that fixed by an order under section 20 of the Courts Act 1981 . |