§ 27-115-49. Contracts for major procurements
The corporation shall enter into its contracts for major procurements after bidding. The corporation may adopt administrative rules and regulations pursuant to the provisions of this chapter providing for special procedures whereby the Mississippi Lottery Corporation may make any class of procurement. In its bidding processes, the corporation may do its own bidding and procurement […]
§ 27-115-51. Deposit of monies received from sale of lottery tickets into corporate operating account; investment of monies in corporate operating account; Lottery Proceeds Fund established; transfer of net proceeds from corporate operating account to Lottery Proceeds Fund
All monies received by the corporation from the sale of lottery tickets and all other sources shall be deposited into a corporate operating account. Such account shall be established in a custodian financial institution domiciled in the State of Mississippi and insured by the Federal Deposit Insurance Corporation and collateralized as prescribed by Section 27-105-5. […]
§ 27-115-53. Acceptance and expenditure of monies; corporation intended to be self-sustaining and self-funded
The corporation may accept and expend such monies as may be appropriated by the Legislature or such monies as may be received from any source, including income from the corporation’s operations, for effectuating its corporate purposes, including the payment of the initial expenses of administration and operation of the corporation and the lottery. The corporation […]
§ 27-115-55. Selection of lottery retailers; disqualifying factors
The Legislature hereby recognizes that to conduct a successful lottery, the corporation must develop and maintain a statewide network of lottery retailers that will serve the public convenience and promote the sale of tickets, while ensuring the integrity of the lottery operations, games and activities. To govern the selection of lottery retailers, the board shall, […]
§ 27-115-57. Lottery retailer contract not transferable or assignable; issuance and public display of lottery retailer certificate
No lottery retailer contract awarded pursuant to this chapter shall be transferable or assignable. No lottery retailer shall contract with any person for lottery goods or services except with the approval of the board. Each lottery retailer shall be issued a lottery retailer certificate which shall be conspicuously displayed at the place where the lottery […]
§ 27-115-59. Lottery retailer to post bond or letter of credit
The corporation shall require each lottery retailer to post a letter of credit or a bond with the corporation using a surety acceptable to the corporation in an amount not to exceed twice the average lottery ticket sales of the lottery retailer for the period within which the lottery retailer is required to remit lottery […]
§ 27-115-61. Contracting with retailers; contract contents; cancellation, denial, revocation, suspension, rejection of renewal, or termination of lottery retailer contract
Any contract executed by the corporation with a lottery retailer pursuant to this section shall specify the reasons for which any contract may be cancelled, denied, revoked, suspended, renewal rejected or terminated by the corporation, which reasons may include, but not be limited to: Commission of a violation of this chapter or administrative rules and […]
§ 27-115-63. Proceeds from lottery ticket sales received by retailer to be trust fund
All proceeds from the sale of lottery tickets received by a lottery retailer shall constitute a trust fund until paid to the corporation either directly or through the corporation’s authorized collection representative. A lottery retailer shall have a fiduciary duty to preserve and account for lottery proceeds, and lottery retailers shall be personally liable for […]
§ 27-115-65. Sales and sale price of tickets; gifting tickets
No person shall sell a ticket at a price other than established by the corporation, unless authorized in writing by the president. No person other than a duly certified lottery retailer shall sell lottery tickets, but this shall not be construed to prevent a person who may lawfully purchase tickets from making a gift of […]
§ 27-115-67. Display of signs on licensed premises providing toll-free telephone number of compulsive or problem gambling referral or information service organizations
The corporation shall require the posting of one or more signs on licensed premises at each point of entry into areas where lottery tickets are sold to inform patrons of a toll-free telephone number of any state or national organization that provides information and referral services regarding compulsive or problem gambling. Failure by the owner […]