5. Section 17 of the principal enactment is hereby amended as follows : -
| (1) by the insertion immediately after subsection (1) of that section of the following subsection :"
| | "(1A) Where a prize consisting of money in a national lottery conducted by the Board, otherwise than under an agreement entered into under subsection (2) of section 14, 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 he used for the award of prizes at subsequent national lotteries conducted by the Board otherwise than under an agreement entered into under subsection (2) of section 14.". | | |
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| (2) in subsection (2) of that section, by the substitution for the words "every national lottery after the deduction from such proceeds of an amount approved by the Permanent Secretary" of the words "every national lottery conducted by the Board, otherwise than under an agreement entered into under subsection (2) of section 14, after deducting therefrom such proceeds of an amount approved by the Secretary to the Ministry of the Minister.". |
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| (3) by the addition, at the end of that section of the following subsections:"
| | "(3) The Board shall pay to the Ministry, government department or public corporation with which the Board has entered into an agreement under subsection (2) of section 14, through the Consolidated Fund, the proceeds of every national lottery conducted by the Board for such Ministry, government department or public corporation, as the case may be, under such agreement, after deduction from such proceeds, of the value of the prizes awarded in such national lottery, and of any fees payable, under the terms of that agreement, to the Board for conducting such national lottery. | | |
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| (4) All prizes in a national lottery conducted by the Board, otherwise than under an agreement entered into under subsection (2) of section 14, 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