Sri Lanka Consolidated Acts

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Finance (Amendment) Act (No. 35 of 1997) - 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 Section 14 of the principal enactment is hereby repealed and the following section substituted therefor:"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 shall, in addition to any lotteries conducted by it under subsection (2), conduct the prescribed number of lotteries every year. Every such lottery shall be conducted by the Board, in such manner as may be prescribed.
(2) The Board may conduct lotteries for, or on behalf of, any Ministry, government department or public corporation on such terms as may be agreed between the Board and such Ministry, government department or public corporation, as the case may be, (including, inter alia, terms providing for the crediting of prizes which are not won in any lottery conducted under such agreement, to a prize reserve account, to be used for the award of prizes in subsequent lotteries conducted under such agreement and the manner in which prizes which are forfeited, in lotteries conducted under such agreement, are to be disposed of).
(3) Every lottery conducted by the Board under this part of this Act is hereinafter referred to as a "national lottery.".


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