[ S.L.583.11 SOCIAL CAUSES FUND 1 SUBSIDIARY LEGISLATION 583.11 SOCIAL CAUSES FUND REGULATIONS 20th July, 2018 LEGAL NOTICE 249 of
- The title of these regulations is the Social Causes Fund Regulations. Citation.
- In these regulations, save as provided in sub-regulation
(2), all words and phrases shall have the same meaning as prescribed in the Gaming Definitions Regulations. Interpretation.
(2)requires: S.L.583.04. In these regulations, unless the context otherwise "the Act" means the Gaming Act; Cap. 583. "Committee" means the Social Causes Fund Committee established in article 16 of the Act; "Fund" means the Social Causes Fund established in article 16 of the Act; "Gaming Fund" means the fund established in article 41 of the Act. 3. The Fund shall be composed of the following: Funding. (
- a)one half of the gross amount paid by the Authority into the Gaming Fund; (
- b)any donations made to the Fund by any interested party: Provided that any party making such a donation may request that his donation be appropriated in favour of a specific religious, philanthropic, cultural, sports, educational, social or civic project, or a specific category of projects, subject to the compliance of such project with all other requirements established by the Committee. 4.
(1)The funds from time to time standing to the credit of the Fund shall be paid out by the Committee, without any further appropriation, to such persons, organisations, bodies or other entities pursuing objectives of a religious, philanthropic, cultural, sports, educational, social or civic nature or in support of other deserving causes, and in such amounts, in such manner and at such times, as may be determined by the Committee.
(2)The Committee shall ensure that the manner in which persons, organisations, bodies or other entities may apply for Paying out of funds by the Committee. 2 [ S.L.583.11 SOCIAL CAUSES FUND funding, and the criteria which are used to determine whether such persons, organisations, bodies or other entities may make such request and whether funding should be granted, are made readily available to the general public. Accounts and other records. 5.
(1)The Committee shall cause to be kept proper accounts and other records of the receipts and expenditure of the Fund, and shall cause to be prepared a statement of accounts in respect of each financial year.
(2)The accounts of the Fund shall be audited by auditors appointed by the Committee from among persons who are qualified to be appointed as auditors of a company: Cap. 396. Provided that the Minister responsible for the gaming sector, or the Minister responsible for Finance, may require the books and accounts of the Fund to be audited or examined by the Auditor General who shall for the purpose have all the powers set out in the Auditor General and National Audit Office Act.
(3)The Committee shall, as soon as may be but not later than five months after the close of each financial year, transmit to the House of Representatives through the Minister responsible for Finance, and to the Authority, a copy of its annual accounts duly audited together with a brief report on the projects or other deserving causes funded during the previous year.