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The Culture, Health, Arts, Sports and Education Fund (CHASE) were incorporated on November 25, 2002 and began its operations in January 2003. It was registered under the Companies Act to receive, distribute, administer and manage the monetary contributions from the lottery companies pursuant to Section 59G of the betting Gaming and Lotteries Act. The company became a reality based on the concept of ‘taxes foregone’ that would have normally gone to the consolidated fund.
