Sports in Brazil may share lottery funds

The legislative piece that allocates lottery funds to sports in Brazil would allow them to share incomes.

Brazil.- Legislators in Brazil are analysing the project that allocates lottery finds to sports organisations in Brazil. As they revealed, the proposal also establishes that entities may share the funds received to invest in common projects.

The measure would benefit the Brazilian Olympic Committee (COB), the Brazilian Paralympic Committee (CPB), the Brazilian Club Committee (CBC), the Brazilian School Sports Confederation (CBDE), the Brazilian University Sports Confederation (CBDU) and the National Federation of Clubs Sports (Fenaclubes).

The project has been studied by several commissions and is still waiting for the approval of the sports commissions; Finance and Taxes; and Constitution and Justice and Citizenship. In addition, the proposal is pending in the Chamber of Deputies.

The purpose of the proposal is to allow an entity that benefits from resources to join each other to meet the objectives established in the sports legislation.

“The intention is to open a window for entities, voluntarily, to collaborate with each other for the development and strengthening of national sport, even allowing the funds to transfer between them more fluently,” said Deputy Roman. He also noted that the proposal does not provide for an increase in resources of any kind.

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