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National Lottery (Amendment) Bill

This is the text of the National Lottery (Amendment) Bill, as presented to the House of Commons on 17th January 2001.

 
 
  
National Lottery (Amendment) Bill
 
 
 

 
 
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Allow the National Lotteries Charities Board to make grants to endowment trusts as part of the endowment of such charitable organisations.

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:-
 

Amendment of National Lottery etc. Act 1993.     1. - (1) The National Lottery etc. Act 1993 is amended as follows.
 
      (2) For section 38 (grants to charities etc.), there is substituted-
 
 
"Grants to charities.     38. - (1) The Charities Board may make out of any money they receive grants for-
 
    (a) meeting the expenditure of charities or of institutions such as are mentioned in paragraph (b) of the definition of "charitable expenditure" in section 44(1); and
 
    (b) use as part of the endowment of charities upon such terms as the Charities Board may specify in the grant, including use as permanent endowment.
      (2) In making a grant under this section, the Charities Board may impose such conditions as they see fit, including conditions requiring the amount of a grant to be repaid forthwith on breach of any condition.
 
      (3) The Charities Board may acquire and dispose of land for the purpose of enabling them to exercise their functions under this section.
 
      (4) In this section "permanent endowment" means property held by a charity subject to a restriction on its being expended for the purposes of the charity."
 
      (3) For the definition of "charitable expenditure" in section 44(1) (interpretation of Part II), there is substituted-
 
 
    ""charitable expenditure" means expenditure on grants-
 
      (a) to charities; or
 
      (b) to institutions, other than charities, that are established for charitable purposes (whether or not those purposes are charitable within the meaning of any rule of law), benevolent purposes or philanthropic purposes."
Short title and commencement.     2. - (1) This Act may be cited as the National Lottery (Amendment) Act 2001.
 
      (2) This Act shall come into force on such day as the Secretary of State may by order appoint.
 
 

 
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