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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