99G.2 - STATEMENT OF PURPOSE AND INTENT. - Iowa Statutes

99G.2 STATEMENT OF PURPOSE AND INTENT. The general assembly finds and declares the following: 1. That net proceeds of lottery games conducted pursuant to this chapter should be transferred to the general fund of the state in support of a variety of programs and services. 2. That lottery games are an entrepreneurial enterprise and that the state should create a public instrumentality of the state in the form of a nonprofit authority known as the Iowa lottery authority with comprehensive and extensive powers to operate a state lottery in an entrepreneurial and businesslike manner and which is accountable to the governor, the general assembly, and the people of the state through a system of audits, reports, legislative oversight, and thorough financial disclosure as required by this chapter. 3. That lottery games shall be operated and managed in a manner that provides continuing entertainment to the public, maximizes revenues, and ensures that the lottery is operated with integrity and dignity and free from political influence.          Section History: Recent Form 2003 Acts, ch 178, §64, 121; 2003 Acts, ch 179, § 142