SCHEDULES

SCHEDULE 5The Olympic Lottery Distributor

Part 3Money

Miscellaneous receipts

23(1)The Secretary of State may pay money to the Distributor for the purpose of enabling it to meet expenditure.

(2)A payment under sub-paragraph (1)—

(a)may not be used to make grants or loans under section 30,

(b)may be made only where the Secretary of State thinks the Distributor’s income is or is likely to be insufficient to meet the expenditure to which the payment relates, and

(c)may be made on conditions (which may include conditions about repayment).