§ 4-51-118. Retailer Fidelity Fund — Retailer Fee — Reserve Account to Cover Losses — Retailer Bond
The corporation may establish a fidelity fund separate from all other funds and shall assess each retailer a one-time fee not to exceed one hundred dollars ($100) per sales location. In accordance with § 4-51-106, the corporation is authorized to invest the funds or place such funds in one (1) or more interest-bearing accounts. Moneys […]
§ 4-51-119. Retail Contract — Cancellation, Suspension, Revocation or Termination
Any retail contract executed by the corporation pursuant to this chapter shall specify the reasons for which a contract may be cancelled, suspended, revoked, or terminated by the corporation, which reasons shall include, but not be limited to: Commission of a violation of this chapter, a regulation, or a policy or procedure of the corporation; […]
§ 4-51-120. Lottery Retailers — Fiduciary Duty — Protection Against Loss
All proceeds from the sale of the lottery tickets or shares shall constitute a trust fund until paid to the corporation either directly or through the corporation’s authorized collection representative. A lottery retailer and officers of a lottery retailer’s business shall have a fiduciary duty to preserve and account for lottery proceeds and lottery retailers […]
§ 4-51-121. Lottery Retailer — Rental Payments Based on Percentage of Retail Sales
If a lottery retailer’s rental payments for the business premises are contractually computed, in whole or in part, on the basis of a percentage of retail sales and such computation of retail sales is not explicitly defined to include sales of tickets or shares in a state-operated or state-managed lottery, only the compensation received by […]
§ 4-51-122. Restrictions on Sales
In accordance with title 39, chapter 17, part 6: No person shall sell a ticket or share at a price other than the price established by the corporation unless authorized in writing by the chief executive officer; No person, other than a duly certified lottery retailer, shall sell lottery tickets or shares; This subsection (a) […]
§ 4-51-123. Attachments, Garnishments, or Executions Withheld From Lottery Prizes — Validity of Lottery Tickets or Shares — Prize Restrictions — Electronic or Mechanical Machines — Unclaimed Prizes
Except as otherwise provided in part 2 of this chapter, attachments, garnishments, or executions authorized and issued pursuant to law shall be withheld from the proceeds of any lottery prize if timely served upon the corporation. Subsection (a) shall not apply to a retailer. The corporation shall adopt regulations, policies, and procedures to establish a […]
§ 4-51-124. Confidential Information — Criminal History Checks — Lottery Integrity
All records and information in the possession of the corporation are open for inspection by members of the public unless otherwise provided by state law. The following records or information in the possession of the corporation shall be treated as confidential and shall be exempt from § 10-7-503: Trade secrets, as such term is defined […]
§ 4-51-109. Duties of Chief Executive Officer
The chief executive officer of the corporation shall direct and supervise all administrative and technical activities in accordance with this chapter and with the regulations, policies, and procedures adopted by the board. It shall be the duty of the chief executive officer to: Facilitate the initiation and supervise and administer the operation of the lottery […]
§ 4-51-110. Employees — Personnel Program
The corporation shall establish and maintain a personnel program for its employees and fix the compensation and terms of compensation of its employees, including, but not limited to, production incentive payments. No employee of the corporation shall have a financial interest in any vendor doing business or proposing to do business with the corporation. No […]
§ 4-51-111. Lottery Proceeds
All lottery proceeds shall be the property of the corporation. From its lottery proceeds the corporation shall pay the operating expenses of the corporation. As nearly as practical, at least fifty percent (50%) of the amount of money from the actual sale of lottery tickets or shares shall be made available as prize money; provided […]