sec.131BPayment of other unclaimed prizes into the consolidated fund

### sec.131B Payment of other unclaimed prizes into the consolidated fund This section applies to a prize in an approved lottery, other than a prize to which section 131A applies, if— it is 7 years since the closure of the lottery; and the prize has not been claimed by the person entitled to it; and the prize has not been used for a prize or additional prize, or in another way, under section 132 . If it is a monetary prize, the lottery operator must pay the amount of the prize to the chief executive. If it is a non-monetary prize, the lottery operator must, as soon as practicable— dispose of the prize under section 131 ; and pay the amount of the proceeds, less the cost of disposal, to the chief executive. The chief executive must pay the amount received under subsection (2) or (3) into the consolidated fund. s 131B ins 2007 No. 22 s 50 (sec.131B-ssec.1) This section applies to a prize in an approved lottery, other than a prize to which section 131A applies, if— it is 7 years since the closure of the lottery; and the prize has not been claimed by the person entitled to it; and the prize has not been used for a prize or additional prize, or in another way, under section 132 . (sec.131B-ssec.2) If it is a monetary prize, the lottery operator must pay the amount of the prize to the chief executive. (sec.131B-ssec.3) If it is a non-monetary prize, the lottery operator must, as soon as practicable— dispose of the prize under section 131 ; and pay the amount of the proceeds, less the cost of disposal, to the chief executive. (sec.131B-ssec.4) The chief executive must pay the amount received under subsection (2) or (3) into the consolidated fund. - (a) it is 7 years since the closure of the lottery; and - (b) the prize has not been claimed by the person entitled to it; and - (c) the prize has not been used for a prize or additional prize, or in another way, under section 132 . - (a) dispose of the prize under section 131 ; and - (b) pay the amount of the proceeds, less the cost of disposal, to the chief executive.