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- Point in Time (09/11/2016)
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Version Superseded: 06/06/2022
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There are currently no known outstanding effects for the Dormant Bank and Building Society Accounts Act 2008, Section 17.
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(1)The apportionable income of the Big Lottery Fund in each financial year is to be apportioned as follows and distributed accordingly—
(a)a prescribed percentage for meeting expenditure in relation to England;
(b)a prescribed percentage for meeting expenditure in relation to Wales;
(c)a prescribed percentage for meeting expenditure in relation to Scotland;
(d)a prescribed percentage for meeting expenditure in relation to Northern Ireland.
The four percentages must add up to 100%.
(2)Expenditure within paragraphs (a), (b), (c) and (d) of subsection (1) is referred to in this Part as English expenditure, Welsh expenditure, Scottish expenditure and Northern Ireland expenditure respectively.
(3)For the purposes of this section, the apportionable income of the Big Lottery Fund for a given financial year is—
where—
A is the amount of dormant account money received by the Fund in the year;
B is the amount of the expenses defrayed in the year under subsections (1) and (2) of section 26;
C is the amount paid in the year under subsection (3)(b) of that section.
(4)In this section “prescribed” means prescribed by an order made by the [F1Secretary of State].
(5)Before making an order under this section the [F2Secretary of State] shall consult—
(a)the Welsh Ministers;
(b)the Scottish Ministers;
(c)the Department of Finance and Personnel in Northern Ireland;
(d)the Big Lottery Fund;
(e)such other persons (if any) as the [F2Secretary of State] thinks appropriate.
(6)An order under this section may not be made unless a draft of the statutory instrument containing it has been laid before, and approved by a resolution of, each House of Parliament.
Textual Amendments
F1Words in s. 17(4) substituted (9.11.2016) by The Transfer of Functions (Elections, Referendums, Third Sector and Information) Order 2016 (S.I. 2016/997), art. 1(2), Sch. 2 para. 20(2)(a) (with art. 12)
F2Words in s. 17(5) substituted (9.11.2016) by The Transfer of Functions (Elections, Referendums, Third Sector and Information) Order 2016 (S.I. 2016/997), art. 1(2), Sch. 2 para. 20(2)(a) (with art. 12)
Commencement Information
I1S. 17 in force at 12.3.2009 by S.I. 2009/490, art. 2
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