7. Section 17 of the principal enactment is hereby amended as follows :-
| (1) in subsection (1) of that section, by the substitution, for "the words "every national lottery shall", of the words "every national lottery conducted by the Board shall". |
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| (2) by the substitution immediately after subsection (1) of that section of the following subsection :-
| | "'(1A) Where the prize consisting of money in a national lottery conducted by the Board, is not won by any person, such prize money shall notwithstanding anything to the contrary in this section, be credited to a Prize Reserve Account and the monies accumulated in such account shall be used for the award of at subsequent national lotteries conducted by the Board". | | |
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| (3) in subsection (2) of that section, by the substitution for the words "approved by the Permanent Secretary", of the words "approved by the Secretary to the Ministry of the Minister.". |
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| (4) by the addition, at the end of that section of the following subsections :-
| | "(3) The Board shall pay to the Consolidated Fund through the Secretary to the Ministry of the Minister, the proceeds of every national lottery conducted on behalf of the Board under an agreement entered into under subsection (2) of section 14, after a deduction from such proceeds, the value of the prizes awarded in such national lottery and of any management fees payable, under the terms of that agreement, to the person conducting such national lottery and of an amount approved by the Secretary as being an amount necessary for the purposes of meeting any payments and liabilities referred to in paragraphs (b), (c), (d) and (e) of subsection (2). | | |
| | (4) All prizes in a national lottery which have been forfeited and paid to the Fund of the Board, under section 16, shall be credited by the Board to the Consolidated Fund.". | | |
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Sri Lanka Consolidated Acts