BILL 41 An Act to Amend the Lotteries Act

BILL 41

 

An Act to Amend the Lotteries Act

 

 

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1 Paragraph 10.1(2)(b) of the Lotteries Act, chapter L-13.1 of the Acts of New Brunswick, 1976, is amended by striking out "four hundred thousand dollars" wherever it appears and substituting "five hundred thousand dollars".

2 This Act comes into force on April 1, 1999.

 

EXPLANATORY NOTES

Section 1

The existing provision is as follows:

10.1(2) Notwithstanding section 10,.

(b) where, in any year, the amount paid into the Sport Development Trust Fund under paragraph (1)(b) does not total four hundred thousand dollars, an amount sufficient to ensure that the total amount paid into the Sport Development Trust Fund in that year equals four hundred thousand dollars shall be paid into the Sport Development Trust Fund.

 

Section 2

Commencement provision.