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Horserace Betting and Olympic Lottery Act 2004

Horserace Betting and Olympic Lottery Act 2004

2004 CHAPTER 25

Commentary on Sections

Part 3: National Lottery: Olympic Lotteries

Section 27: Investment

83.Section 27 enables monies in the OLDF to be paid to the National Debt Commissioners (NDC) for the purpose of investment and possible reinvestment in the event that the proceeds of investment are not required for immediate distribution or for meeting expenses. Subsection (3) provides that when undertaking any investment or reinvestment of funds the NDC must comply with any directions issued by the Treasury.

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