§ Lord Moynihanasked Her Majesty's Government:
What agreements are in place concerning the transfer of assets owned by the Horserace Betting Levy Board following its proposed abolition. [HL1834]
§ Lord McIntosh of HaringeyNo formal agreements are in place; and Clause 16 of the Horserace Betting and Olympic Lottery Bill provides for the procedures to be followed in relation to the board's assets. However, in November 2000 the Government set out their view that the principal assets—the board's capital fund and the Horseracing Forensic Laboratory—should be transferred to the British Horseracing Board, noting that the laboratory underakes drug-testing services for a number of non-racing customers and that the detailed transfer arrangements will need to take their legitimate interests into account.