§9054. Content of retailer contracts; contract cancellation by president
A. Any contract executed by the corporation pursuant to this Subtitle shall specify the reasons for which any contract may be cancelled, suspended, revoked, or terminated by the corporation, which reasons shall include but not be limited to:
(1) Commission of a violation of this Subtitle or administrative regulations adopted pursuant thereto.
(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 vendor 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.
(8) Failure to meet any of the objective criteria established by the board pursuant to this Subtitle.
B. If, in the discretion of the president, cancellation, denial, revocation, suspension, or rejection of renewal of a lottery retailer contract is in the best interests of the lottery, the public welfare, or the state of Louisiana, the president may cancel, suspend, revoke, or terminate, after notice and a hearing, any contract issued pursuant to this Subtitle. Such contract may, however, be temporarily suspended by the president without prior notice, pending any prosecution, hearing, or investigation, whether by a third party or by the president. A contract may be suspended, revoked, or terminated by the president for any one or more of the reasons enumerated in this Section.
Acts 1990, No. 1045, §1, eff. Nov. 7, 1990.
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