An Act to provide for the establishment of a Fund, to be known as the Arts and Sport Promotion Fund, to assist in the financing of the practice of the arts and sport in Barbados.
[Commencement: 1st March, 2006]
Short title
1.
This Act may be cited as the Arts and Sport Promotion Fund Act.
Interpretation
2.
In this Act,
“approved national organisation†means a national organisation specified in an order made under section 2 of the Gambling Act, Cap. 134 by the Minister responsible for Sports;
“arts organisation†means an organisation registered as such with the National Cultural Foundation;
“Committee†means the Arts and Sport Promotion Fund Committee established by this Act; [2005-29]
“financial year†means the period beginning with the date on which this Act commences and ending with the next following 31st March, and each successive period of 12 months; and “quarter†means the quarter of a financial year;
“the Fund†means the Arts and Sport Promotion Fund established by this Act;
“lotteries†includes any game, method or device whereby money or money’s worth is distributed or allotted in any manner depending upon or to be determined by chance or lot, being a game, method or device that is
(a)
operated by the Barbados Cricket Association, a company incorporated under the
Companies Act, Cap. 308 and an approved national organisation;
(b)
managed by the Sports Lotteries (Barbados) Inc., a company incorporated under the Companies Act to manage the lotteries formerly operated by the following approved national organisations:
(i)
the Barbados Olympic Association;
(ii)
the Barbados Turf Club; or
(c)
operated by any other approved national organisation;
“the Minister†means the Minister responsible for Finance;
“sporting organisation†means an organisation registered as such with the National Sports Council.
Establishment of the Arts and Sport Promotion Fund
3.(1)
There is hereby established the Arts and Sport Promotion Fund.
(2)
The resources of the Fund shall consist of
(a)
an amount of not more than 60 per cent of the moneys derived from the revenue generated by the duties charged on lotteries pursuant to section 3 of the
Betting and Gaming Duties Act, Cap. 60;
(b)
any moneys voted by Parliament for the Fund; and
(c)
any other moneys or property given to, or otherwise acquired by, the Fund.
Purposes of the Fund
4.
The purposes of the Fund are, in accordance with the prescribed criteria, to help finance
(a)
programmes and activities conducted by arts organisations and sporting organisations for the development of the arts and sport; and
(b)
the practice of the arts and sport generally,
in Barbados.
Allocation of resources of the Fund
4A.
The Minister shall determine the allocation of the resources of the Fund.
Keeping, administration and management of the Fund
5.(1)
The Fund shall be kept, administered and managed by the Accountant-General under the general control and direction of the Minister.
(2)
The initial expenditure required for, or in connection with, the establishment of the Fund shall be defrayed out of moneys provided by Parliament.
(3)
Any temporary insufficiency of the Fund to discharge its liabilities shall be defrayed out of such moneys as each House of Parliament may by resolution approve by way of advance for this purpose to the Fund.
(4)
Every advance under subsection (3) shall as soon as possible be repaid to the Consolidated Fund out of the resources of the Arts and Sport Promotion Fund.
Establishment of the Arts and Sport Promotion Fund Committee
5A.(1)
There is established the Arts and Sport Promotion Fund Committee, which shall advise the Minister in respect of matters relating to the eligibility and selection of candidates to receive financing for programmes and activities related to the development of the arts and sport.
(2)
The Schedule has effect with respect to the constitution of the Committee and otherwise in relation thereto.
Accounts
6.(1)
The Accountant-General shall
(a)
keep proper accounts of the Fund, and proper records in relation to those accounts;
(b)
prepare a statement of the Fund’s accounts in respect of each financial year; and
(c)
prepare a statement of the Fund’s accounts in respect of each quarter.
(2)
The Accountant-General shall send copies of each statement prepared by him under subsection (1)(b) to the Minister and the Auditor-General before the end of the month of August next following the financial year to which the statement relates.
(3)
The Accountant-General shall send copies of each statement prepared by him under subsection (1)(c) to the Minister and the Auditor-General not later than 21 days after the end of the quarter to which the statement relates.
Reports by Auditor-General
7.
The Auditor-General shall
(b)
send a copy of each such report to the Minister.
Regulations
9.(1)
The Minister
(a)
shall make regulations prescribing the criteria mentioned in
section 4; and
(b)
subject to paragraph (a), may make regulations for carrying out or facilitating the purposes of this Act.
(2)
Regulations under paragraph (a) of subsection (1) are subject to affirmative resolution. 
