Sri Lanka Consolidated Acts

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Development Lotteries Board Act (No. 20 of 1997) - Sect 17

Development lottery prizes

17.
(1) The number of the prizes to be awarded in each development lottery and the type and value of each of such prize shall be as prescribed.
(2)Every prize awarded in a development lottery may consist of any one or more of the following :-
(a)a house ;
(b)a motor vehicle ;
(c)any article of whatsoever description ; or
(d)a sum of money.
(3)Any prize awarded under subsection (2) shall be exempt from the payment of income tax under the Inland Revenue Act, No. 28 of 1979
(4)The prize winners in every development lottery shall be determined by the drawing of lots in public or in such other manner as may be prescribed.
(5)After the expiration of a period of six months reckoned from the date of the determination of prize winners in any development lottery, any prize in such lottery which has not been awarded to the person entitled thereto by reason of the fact that such person is not to be found shall be forfeited and where the prize is a sum of money such sum of money, or


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