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In force since 2006-12-01, as the publisher states.
Copy read on 2026-11-08. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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3 provisions
Title and introductory text
National Lottery (Funding of Endowments) Act 2003
2003 c. 23
An Act to make provision about the funding of endowments from distributions of money out of the National Lottery Distribution Fund; and for connected purposes.
[18th September 2003]
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
Propose a change1 Funding of endowments
(1) The National Lottery etc. Act 1993 (c. 39) is amended as follows.
(2) In section 22 (apportionment of money in Distribution Fund), in subsection (3), after the last paragraph there is inserted— “ (including, in each case, for establishing or contributing to endowments in connection with such expenditure). ”
(3) In section 25 (application of money by distributing bodies), after subsection (4) there is inserted—
(5) References in this section (however expressed) to the distribution of money for meeting expenditure are to be construed as including distribution of money for the purpose of establishing, or contributing to, endowments in connection with expenditure of the description concerned.
(4) In section 25B (joint schemes for distribution of money by distributing bodies), after subsection (5) there is inserted—
(6) References in this section (however expressed) to distribution under section 25(1) of money for meeting expenditure are to be construed in accordance with section 25(5).
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(8) In section 44 (interpretation), in subsection (1), after the definition of “education” there is inserted—
“endowment” includes permanent endowment;
.
(9) The enactments amended by this section shall be deemed always to have had effect as so amended.
Propose a change2 Short title and extent
(1) This Act may be cited as the National Lottery (Funding of Endowments) Act 2003.
(2) This Act extends to Northern Ireland.
Propose a change