Funds of the Council

(1) There shall be established a National Sports Fund to be administered by the Council, hereafter referred to as “the Fund”. (2) There shall be paid into the Fund, (a) all such sums as may be voted from time to time by the National Assembly by way of grants and contribution to the Fund; (b) all sums received for the Fund from any international sporting organisation; (c) all sums received as donations made by any person to the Fund; and (d) all sums received by the National Sports Council from any other source. 12 (3) Any donation or any movable or immovable property may be accepted by the Minister on behalf of the Government to be used for the purposes of this Act. Any such property may, in the discretion of the Minister and in the manner determined by him be sold and the proceeds thereof credited to the Fund. (4) There shall be paid out of the Fund, such sums as the Council may determine, with the approval of the Minister, (a) for the encouragement, promotion and development of any sport in Belize; (b) for the presentation of any trophy or medal to any participant in sports or registered sporting organisations in recognition of any exceptional contribution to sports; and (c) for the purpose of carrying out or giving effect to the provisions of this Act.