Lotteries Act, 1997 (Act No. 57 of 1997)Part I : The National LotteryChapter 3 : Distribution of net proceeds of National Lottery21. Establishment of National Lottery Distribution Trust Fund |
(1) | There is hereby established a fund to be known as the National Lottery Distribution Trust Fund, to be managed by the board. |
(2) | The board shall annually table financial reports in accordance with the provisions of the Public Finance Management Act, 1999 (Act No. 1 of 1999), in Parliament in respect of the distributed funds, which financial report must form part of the report contemplated in section 12(1)(b). |
[Section 21(2) amended by section 21 of Act No. 32 of 2013]