La. Admin. Code tit. 42 § XV-531

Current through Register Vol. 50, No. 11, November 20, 2024

Section XV-531 - Cancellation of Contracts

A. Any contract executed by the corporation pursuant to these retailer regulations and the Louisiana Lottery Corporation Law shall specify the reasons for which any contract may be canceled, suspended, revoked or terminated by the corporation, which reasons shall include but not be limited to:

1. commission of a violation of these retailer regulations, the Louisiana Lottery Corporation Law or administrative regulations adopted pursuant thereto or other provisions of Louisiana Law;

2. failure to accurately account for lottery tickets, revenues, or prizes as required by the corporation;

3. commission of any fraud, deceit, or misrepresentation;

4. insufficient sale of tickets;

5. conduct prejudicial to public confidence in the lottery;

6. the retailer filing for or being placed in bankruptcy or receivership;

7. any material change in any matter considered by the corporation in executing the contract with the retailer; or

8. failure to meet any of the objective criteria established by the board pursuant to these retailer regulations.

La. Admin. Code tit. 42, § XV-531

Promulgated by the Louisiana Lottery Corporation in The State Times on May 21, 1991, repromulgated LR 26:712 (April 2000).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:9001 et seq.