99G.27 - LOTTERY RETAIL LICENSES -- CANCELLATION, SUSPENSION, REVOCATION, OR TERMINATION. - Iowa Statutes

99G.27 LOTTERY RETAIL LICENSES -- CANCELLATION, SUSPENSION, REVOCATION, OR TERMINATION. 1. A lottery retail license issued by the authority pursuant to this chapter may be canceled, suspended, revoked, or terminated by the authority for reasons including, but not limited to, any of the following: a. A violation of this chapter, a regulation, or a policy or procedure of the authority. b. Failure to accurately or timely account or pay for lottery products, lottery games, revenues, or prizes as required by the authority. c. Commission of any fraud, deceit, or misrepresentation. d. Insufficient sales. e. Conduct prejudicial to public confidence in the lottery. f. The retailer filing for or being placed in bankruptcy or receivership. g. Any material change as determined in the sole discretion of the authority in any matter considered by the authority in executing the contract with the retailer. h. Failure to meet any of the objective criteria established by the authority pursuant to this chapter. i. Other conduct likely to result in injury to the property, revenue, or reputation of the authority. 2. A lottery retailer license may be temporarily suspended by the authority without prior notice if the chief executive officer or designee determines that further sales by the licensed retailer are likely to result in immediate injury to the property, revenue, or reputation of the authority. 3. The board shall adopt administrative rules governing appeals of lottery retailer licensing disputes.          Section History: Recent Form 2003 Acts, ch 178, §80, 121; 2003 Acts, ch 179, §142