Horserace Betting and Olympic Lottery Act 2004

This section has no associated Explanatory Notes

23(1)The Secretary of StateF1... may pay money to the Distributor for the purpose of enabling it to meet expenditure.E+W+S

(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 StateF1... 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).

Textual Amendments

Commencement Information

I1Sch. 5 para. 23 in force at 8.7.2005 by S.I. 2005/1831, art. 2