National Lottery Act 2013
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National Lottery Fund | ||
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44. (1) The National Lottery Fund (“the Fund”) established under section 8 of the National Lottery Act 1986 continues in being and shall comprise a single account. | ||
(2) The Fund shall be managed and controlled by the Regulator. | ||
(3) (a) The proceeds of the sale of National Lottery tickets, after deduction therefrom of any remuneration paid to sellers of National Lottery tickets and such amounts, if any, in respect of prizes in the National Lottery as the Regulator may authorise, shall be paid into the Fund. | ||
(b) Payments of amounts in respect of prizes for winning tickets (other than amounts referred to in paragraph (a)) shall be made out of the Fund. | ||
(c) Payments allocated for the purposes set out in section 41 shall be made by the Regulator from the Fund to the Central Fund at intervals to be determined by the Minister, subject to any provision in the licence. | ||
(d) Payments allocated for the purposes of section 24 shall be retained by the Regulator in accordance with the terms of the licence. | ||
(e) The allocation of moneys remaining in the Fund after payments provided for under paragraphs (b), (c) and (d) have been made shall be set out in the licence. | ||
(4) The accounts of the Fund shall be submitted annually to the Comptroller and Auditor General for audit and the Regulator shall cause a copy of an abstract of the accounts so audited together with a copy of the report of the Comptroller and Auditor General thereon to be laid before each House of the Oireachtas. |