§ 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 […]
§ 27-115-33. Appeals of vendors, retailers, or persons aggrieved by actions of corporation president or decisions of board
Any lottery retailer, vendor or applicant for a lottery retailer or vendor contract aggrieved by an action of the president of the corporation may appeal that decision to the board in accordance with the administrative rules and regulations of the board. Any person aggrieved by a decision of the board may appeal the decision to […]
§ 27-115-35. Bond for protection of corporation; other surety in lieu of bond; annual review of bond
Whenever a bond is required for the protection of the corporation, letters of credit or other surety approved by the corporation may be utilized in lieu of a bond. All bonds or letters of credit shall be reviewed at least annually as to their solvency and sufficiency.
§ 27-115-37. Bulk sale of lottery tickets by retailer, bulk purchase by investment syndicate, investment group, etc., prohibited
The board shall promulgate administrative rules and regulations that define and prohibit the bulk sale of lottery tickets by a retailer and the bulk purchase of such tickets by an investment syndicate, investment group, or individual for investment purposes.
§ 27-115-19. Powers and duties of corporation; immunity from liability
The corporation shall conduct and administer lottery games to result in maximization of revenues to the State of Mississippi. The corporation, its employees, and the members of the board shall provide for the efficient and effective operation of lottery games which ensure the integrity of the lottery and maintain the dignity of the state and […]
§ 27-115-21. Powers and duties of president of the corporation
The president,as chief executive officer of the corporation, shall direct and superviseall administrative and technical activities in accordance with theprovisions of this chapter and within the administrative rules andregulations adopted by the board. The president shall: Supervise andadminister the operation of the corporation, the lottery and its games. Employ and directsuch personnel as may be […]