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Version Superseded: 01/02/2001
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(1)There shall be a fund known as the Alcohol Education and Research Fund (referred to in this section as “the Fund”) which shall be vested in and administered by the Council.
(2)The Fund shall be applied for such charitable purposes in the United Kingdom as the Council may determine from time to time from among the following—
(a)the education of the public as to the causes and effects of, and means of preventing, excessive consumption of alcohol;
(b)the care and rehabilitation of persons convicted of offences involving drunkenness;
(c)the provision of treatment and other help for persons dependent on alcohol or given to excessive consumption of alcohol;
(d)research into matters relevant to any of the purposes mentioned in paragraphs (a) to (c) and the publication of the results of such research.
(3)In determining how the Fund is to be applied for the purposes mentioned in paragraphs (b) and (c) of subsection (2) the Council shall give priority to support for novel schemes for achieving those purposes.
(4)The Council may make grants from the Fund either for specific charitable projects or in aid generally of the finances of an organisation established for charitable purposes only which is concerned with any of the purposes specified in subsection (2).
(5)Any sums in the Fund which are not immediately required for any other purpose may be invested by the Council in accordance with the M1Trustee Investments Act 1961; and sections 1, 2, 5, 6, 12 and 13 of that Act have effect in relation to such sums, and in relation to any investments for the time being representing such sums, as if they constituted a trust fund and the Council were the trustees of that trust fund.
(6)The Fund may be applied by the Council without distinction between capital and income.
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