Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Monday, 10 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Dormant Bank and Building Society Accounts Bill [HL]
If the noble Baroness would be so kind, I would like to reassure her—because she will have taken very seriously the representation of her noble friend Lord Naseby—that accountability is very important with regard to these funds and this scheme. We will have a series of opportunities to identify how the Government should be made accountable in the scheme. I also want to make another point absolutely clear. Later, we shall come to the amendments which will give us a chance to clarify these matters further. However, as distributor, the Big Lottery Fund will ring-fence these funds and keep them separate from all its other operations. Therefore, there is no question of a flow-across to the Olympics or any other worthwhile project that may exist.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c8GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Charities Assets Bank services Banks Building societies Insurance Interest charges Pensions Lotteries Repayments Taxation Big Lottery Fund
- Legislation
- Dormant Bank and Building Society Accounts Bill (HL) 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 02:24:53 +0000
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