Section 85A: Remittance of money into Lotto Fund and Consolidated Fund

85A. Remittance of money into Lotto Fund and Consolidated Fund (1) On receipt of the proportion of the net proceeds referred to in sections 71 (3) (c) and 85B (3), the Director-General shall, as soon as is practicable— (a) remit 50 per cent, or such other percentage as may be prescribed, of the net proceeds into the Lotto Fund to finance projects and schemes in respect of community development, education, health, sports, culture, heritage or arts, and for reimbursement of public debt of Government and for such other purposes as may be prescribed; and (b) remit the remaining percentage of the proportion of the net proceeds into the Consolidated Fund. [S. 85A inserted by s. 25 (j) of Act 18 of 2016 w.e.f. 1 October 2016.] PART XVA – VIDEO LOTTERY TERMINALS [Part XVA inserted by s. 9 (c) of Act 20 of 2009 w.e.f. 1 January 2011.]