§ 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 […]
§ 4-51-112. Minority-Owned Businesses — Advisory Council
It is the intent of the general assembly that the corporation encourage participation by minority-owned businesses. Accordingly, the board of directors shall adopt a plan that achieves to the greatest extent possible a level of participation by minority-owned businesses taking into account the total number of all retailers and vendors, including any subcontractors. The corporation […]
§ 4-51-113. Vendors — Requirements When Submitting a Bid, Proposal, or Offer — Procurement Contract
The corporation shall investigate the financial responsibility, security, and integrity of any lottery system vendor who is a finalist in submitting a bid, proposal, or offer as part of a major procurement. At the time of submitting such bid, proposal, or offer to the corporation, the corporation shall require the following items: A disclosure of […]
§ 4-51-114. Vendor — Performance Bond or Letter of Credit — Minority-Owned Business Waiver
Except as provided in subdivision (a)(2), each vendor shall, at the execution of the contract with the corporation, post a performance bond or letter of credit from a bank or credit provider acceptable to the corporation in an amount as deemed necessary by the corporation for that particular bid or contract. In lieu of the […]
§ 4-51-115. Lottery Retailers
The general assembly recognizes that to conduct a successful lottery, the corporation must develop and maintain a state-wide network of lottery retailers that will serve the public convenience and promote the sale of tickets or shares and the playing of lottery games while ensuring the integrity of the lottery operations, games, and activities. The corporation […]
§ 4-51-116. Lottery Retailer Advisory Board
The chair of the board of directors shall appoint a lottery retailer advisory board to be composed of twelve (12) lottery retailers, four (4) from each grand division, representing the broadest possible spectrum of geographical, racial, and business characteristics of lottery retailers. The function of the advisory board shall be to advise the board of […]
§ 4-51-102. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Board” means the board of directors of the Tennessee education lottery corporation; “Chief executive officer” means the chief executive officer of the Tennessee education lottery corporation; “Corporation” means the Tennessee education lottery corporation; “Director” means a member of the board of directors of the Tennessee […]
§ 4-51-103. Board of Directors — Appointment, Duties
The corporation shall be governed by a board of directors composed of seven (7) directors. The directors shall be residents of this state, shall have expertise in their businesses or professions, and shall be appointed by the governor. All appointments shall be filed with the secretary of state within five (5) working days of appointment. […]
§ 4-51-104. Chief Executive Officer — Board Duties
The board of directors shall appoint and shall provide for the compensation of a chief executive officer who shall be an employee of the corporation and who shall direct the day-to-day operations and management of the corporation. The chief executive officer shall be vested with such powers and duties as specified by the board and […]