Public Hospitals (Amendment) Act, 1990

Vesting of sweepstake prize funds in Minister.

2.—(1) All sweepstake prize funds which immediately before the commencement of this section were vested in sweepstake trustees and all rights, powers and privileges relating to or connected with any such funds, shall, on such commencement, without any assignment but subject where necessary to transfer in the books of any bank become and be vested in the Minister.

(2) Sweepstake prize funds vested in the Minister by virtue of this section which immediately before the commencement of this section were standing in the books of any bank in the name of sweepstake trustees shall, upon the request of the Minister made at any time on or after such commencement, be transferred in those books by the bank into the name of the Minister.

(3) Sweepstake prize funds vested in the Minister by virtue of this section shall not be revenues of the State.