24.119 Use of word “lottery” in corporate name.—The corporate name of a corporation shall not contain the word “lottery” unless the Department of the Lottery approves such name in writing. History.—s. 19, ch. 87-65; s. 2, ch. 95-280.
24.120 Financial matters; Operating Trust Fund; interagency cooperation.— (1) There is hereby created in the State Treasury an Operating Trust Fund to be administered in accordance with chapters 215 and 216 by the department. All money received by the department which remains after payment of prizes and initial compensation paid to retailers shall be deposited into the […]
24.121 Allocation of revenues and expenditure of funds for public education.— (1) Variable percentages of the gross revenue from the sale of online and instant lottery tickets shall be returned to the public in the form of prizes paid by the department or retailers as authorized by this act. The variable percentages of gross revenue from the […]
24.1211 Maturity of public school construction bonds issued pursuant to ch. 97-384.—After considering relevant factors in providing the most cost-effective plan for financing public school construction and in order to minimize amounts paid in interest on lottery revenue bonds issued pursuant to chapter 97-384, Laws of Florida, it is desirable that the final maturity of any […]
24.1215 Duty to inform public of lottery’s significance to education.—The Department of the Lottery shall inform the public about the significance of lottery funding to the state’s overall system of public education. History.—s. 9, ch. 89-208.
24.122 Exemption from taxation; state preemption; inapplicability of other laws.— (1) This act shall not be construed to authorize any lottery except the lottery operated by the department pursuant to this act. (2) No state or local tax shall be imposed upon any prize paid or payable under this act or upon the sale of any lottery ticket […]
24.123 Annual audit of financial records and reports.— (1) The Legislative Auditing Committee shall contract with a certified public accountant licensed pursuant to chapter 473 for an annual financial audit of the department. The certified public accountant shall have no financial interest in any vendor with whom the department is under contract. The certified public accountant shall […]
24.124 Responsibility for ticket accuracy; department, retailer, and vendor liability.— (1) Purchasers of online games tickets shall be responsible for verifying the accuracy of their tickets, including the number or numbers printed on the tickets. In the event of an error, the ticket may be canceled and a replacement ticket issued pursuant to rules promulgated by the […]
