SectorWire
SearchRegister
MenuClose

Brazilian committee approves lottery revenue transfer to clubs committee

Regulation

Brazil’s Chamber of Deputies Finance and Taxation Committee approved a bill transferring the 0.01% of numerical lottery proceeds currently allocated to Fenaclubes to the Brazilian Club Committee. The substitute text preserves the funds’ use for club-management training and oversight by the Federal Court of Accounts; the bill next goes to the Chamber’s Constitution and Justice Committee.

The proposal would change which organisation receives a share of numerical lottery proceeds.

Request a correction

Flag an issue

Keep reading

Regulation

Brazil Chamber committee approves lottery income for calamity fund

The Chamber of Deputies’ Finance and Taxation Committee approved a substitute bill allowing Brazil’s Special Fund for Public Calamities to receive the net proceeds of one numerical lottery contest each year for five years. The proposal now goes to the Constitution, Justice and Citizenship Committee; it must also pass both houses of Congress to become law.

Continue reading