Sri Lanka Consolidated Acts

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Finance (Amendment) Act (No. 22 of 1998) - Sect 3

Replacement of section 14 of the principal enactment

3. Section 14 of the principal enactment is hereby- repealed and the following section substituted therefor :-
14
(1) The Board may conduct lotteries for the purposes of this part of this Act.
(2) The Board may enter into agreements with any other person, for the conduct by such other person, of lotteries for the purposes of this Part of this Act, on behalf of the Board.
(3) The Board may by licence issued in that behalf, authorize the conduct by any other person, of lotteries for the purposes of this Part of this Act,
(4) Every lottery conducted by the Board under subsection (1) or conducted on behalf of the Board under an agreement entered into under subsection (2) or conducted under the authority of a hence issued under subsection (3) is in this Part of this Act referred to as a 'national lottery".'.


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