Section 67-7452 – SEVERABILITY.
67-7452. SEVERABILITY. If any of the provisions of this chapter or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are […]
Section 67-7441 – RECORDS.
67-7441. RECORDS. All papers, records, correspondence, communications and proceedings of the Idaho state lottery and the commission shall be open to the public except as otherwise provided by statute; provided, however, that business records and information provided to the state lottery pursuant to sections 67-7412(8) and (9) and 67-7421(8) and (9), Idaho Code, shall be […]
Section 67-7425 – MISSTATEMENTS OR OMISSIONS.
67-7425. MISSTATEMENTS OR OMISSIONS. Any person wilfully making a material misstatement or material omission of any disclosure item required by the commission shall be guilty of a felony. History: [67-7425, added 1988, ch. 232, sec. 2, p. 455; am. 1989, ch. 352, sec. 14, p. 889.]
Section 67-7426 – COMPLIANCE WITH APPLICABLE LAWS.
67-7426. COMPLIANCE WITH APPLICABLE LAWS. Each lottery contractor, retailer and vendor shall perform its contract consistent with the applicable rules of the commission, the laws of this state, federal laws, and the laws of the state or jurisdiction in which the lottery contractor, retailer or vendor is performing or producing, in whole or in part, […]
Section 67-7427 – VENDOR PERFORMANCE BONDS.
67-7427. VENDOR PERFORMANCE BONDS. Each vendor, at the time of executing a contract, shall post a performance bond in a manner and form as required by the commission. The commission may accept other security in lieu of a bond when in its judgment the security is sufficient to guarantee the faithful performance of the contract. […]
Section 67-7428 – STATE LOTTERY ACCOUNT.
67-7428. STATE LOTTERY ACCOUNT. There is hereby created in the dedicated fund of the state treasury, the state lottery account. The state lottery account is continuously appropriated to the state lottery for the purposes of operating the lottery and fulfilling its objectives. History: [67-7428, added 1988, ch. 232, sec. 2, p. 456.]
Section 67-7429 – PROHIBITION ON USE OF STATE FUNDS.
67-7429. PROHIBITION ON USE OF STATE FUNDS. It is the intent of this chapter that the state lottery, established by this chapter, shall be a self-supporting, revenue raising agency of state government. No appropriations, loans, or other transfer of state funds shall be made to the state lottery, except for the temporary line of credit […]
Section 67-7431 – CASH RECEIPTS.
67-7431. CASH RECEIPTS. The following moneys shall be deposited in the state lottery account, as established under section 67-7428, Idaho Code: (1) All moneys received from the sale of lottery tickets or shares; and (2) Any other moneys received by the lottery from whatever source. History: [67-7431, added 1988, ch. 232, sec. 2, p. 456; […]
Section 67-7432 – CASH DISBURSEMENTS.
67-7432. CASH DISBURSEMENTS. The director is authorized to make the following disbursements from the state lottery account: (1) Payment of prizes directly to the holder of valid winning tickets or shares; (2) Purchase of annuities or investments to be utilized to pay future installments of winning tickets or shares; (3) Refunds, if any, due to […]
Section 67-7433 – PRIZE EXPENSE.
67-7433. PRIZE EXPENSE. Total prize expense, net of unclaimed prizes, as determined on an annual basis, shall be no less than forty-five percent (45%) of lottery revenues. History: [67-7433, added 1988, ch. 232, sec. 2, p. 457; am. 1989, ch. 352, sec. 18, p. 890; am. 2011, ch. 141, sec. 4, p. 401.]