99G.9 - BOARD DUTIES. - Iowa Statutes

99G.9 BOARD DUTIES. The board shall provide the chief executive officer with private-sector perspectives of a large marketing enterprise. The board shall do all of the following: 1. Approve, disapprove, amend, or modify the budget recommended by the chief executive officer for the operation of the authority. 2. Approve, disapprove, amend, or modify the terms of major lottery procurements recommended by the chief executive officer. 3. Adopt policies and procedures and promulgate administrative rules pursuant to chapter 17A relating to the management and operation of the authority. The administrative rules promulgated pursuant to this subsection may include but shall not be limited to the following: a. The type of games to be conducted. b. The sale price of tickets or shares and the manner of sale, including but not limited to authorization of sale of tickets or shares at a discount for marketing purposes; provided, however, that a retailer may accept payment by cash, check, money order, debit card, or electronic funds transfer and shall not extend or arrange credit for the purchase of a ticket or share. As used in this section, "cash" means United States currency. c. The number and amount of prizes, including but not limited to prizes of free tickets or shares in lottery games conducted by the authority and merchandise prizes. The authority shall maintain and make available for public inspection at its offices during regular business hours a detailed listing of the estimated number of prizes of each particular denomination that are expected to be awarded in any game that is on sale or the estimated odds of winning the prizes and, after the end of the claim period, shall maintain and make available a listing of the total number of tickets or shares sold in a game and the number of prizes of each denomination that were awarded. d. The method and location of selecting or validating winning tickets or shares. e. The manner and time of payment of prizes, which may include lump-sum payments or installments over a period of years. f. The manner of payment of prizes to the holders of winning tickets or shares after performing validation procedures appropriate to the game and as specified by the board. g. The frequency of games and drawings or selection of winning tickets or shares. h. The means of conducting drawings, provided that drawings shall be open to the public and witnessed by an independent certified public accountant. Equipment used to select winning tickets or shares or participants for prizes shall be examined by an independent certified public accountant prior to and after each drawing. i. The manner and amount of compensation to lottery retailers. j. Any and all other matters necessary, desirable, or convenient toward ensuring the efficient and effective operation of lottery games, the continued entertainment and convenience of the public, and the integrity of the lottery. 4. Adopt game specific rules. The promulgation of game specific rules shall not be subject to the requirements of chapter 17A. However, game specific rules shall be made available to the public prior to the time the games go on sale and shall be kept on file at the office of the authority. 5. Perform such other functions as specified by this chapter.          Section History: Recent Form 2003 Acts, ch 178, §71, 121; 2003 Acts, ch 179, §108, 142